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We Must Prevent Control of the AI Network From Being Concentrated in a Few Hands, Says the CEO of SingularityNET

SingularityNET AI network

The modern world is growing fiercely on the economic front. More innovation and digitization have revolutionized the world of finance. With the incorporation of advanced AI network, the economic sphere is becoming more complex yet effective. However, experts believe that it is essential to prevent the control of a few AI Network or companies in the growing industry. This goes against the principle of decentralization and the sovereign nature of the blockchain space.

The AI blockchain is providing a breakthrough in the modern world. It ensures more transparency in the global economic network. Thus, it is believed to impact the future of humans by a significant margin. With more networks and protocols that support AI network, the consumer market is experiencing more innovation.

The SingularityNET decentralized AI Network

Built in 2017 on the Ethereum blockchain, the SingularityNET AI network prioritized the concept of multichain in its working mechanism. The AGIX token could be linked with multiple blockchains with this newly introduced feature. However, it was only a possibility back then. With the latest development, it is becoming a reality.

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This new feature is on the testnet period with the AGIX/ADA token converter bridge. Upon success, it will be the initiation of a Cardano version of the SingularityNET platform. It will offer more functions, features, and usability than the original Ethereum platform. It will also have the room to incorporate the SingularityNET marketplace, staking portal, and other tools. Thus, the Cardano-based platform will have higher efficiency, more usability, great speed, and low cost. It will be a major upgrade for the network.

The AI network platform has a thorough roadmap to introduce new features and usable products with time. It is already working on allowing AI services on the platform to cater to other requirements. Moreover, Cardano uses Haskell & Plutus mechanisms, which will help the platform grow from just another decentralized marketplace.

SingularityNET aims to offer more sophisticated AI functionalities in the coming years. The years 2022 and 2023 are kept as goals to implement various effective state channels on the platform. The integration of AI in the blockchain ecosystem will reap more benefits for consumers. The blockchain world will experience a move ahead to dominate various industries and sectors with its usability. The blockchain world will be more diversified and less saturated ensuring more smoothness and efficiency.

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