Artificial Intelligence (AI) specialist Kneron announced the launch of its KNEO platform on July 16, combining edge AI devices with blockchain technology to create secure and private personal networks. The Kneron Neural-network Edge-AI Open platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them. Blockchain-connected sensors create private network KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones and thermal sensors. The term “edge AI” refers to systems which process algorithms locally, rather than sending data for remote processing. This …

Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or AI, education. They also hope to provide Kenyans with more work opportunities. First African blockchain hub launched by Akoin and Effect.AI A joint initiative of Akon’s blockchain startup Akoin and EOSIO-powered project Effect.AI, the hub is set to launch in Q4 2020 and will be the first initiative of its kind in Africa, the companies announced to Cointelegraph on July 1. The project will be handled …

In today’s evolving business world, industry leaders across the globe are turning to blockchain technology to revolutionize their respective industries. Although blockchain is still a relatively new concept, a growing number of companies are now investing in it. Blockchain has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency and low costs. One niche area that could be poised to benefit greatly from it is lotteries. Problems with traditional lotteries Although many global economies were soaring prior to the COVID-19 pandemic, the inefficiencies of mature industries can still be addressed by implementing blockchain technology. The …

A blockchain-based marketplace is today launching for creators of “synthetic media,” a term used to describe video, image or voice material generated through artificial intelligence algorithms. On May 15, Cointelegraph interviewed Arif Khan, CEO of Alethea AI, the firm behind the project, about the legal and moral quagmire that “deepfakes” and other AI-generated content have created for online media consumption. Khan’s wager is that blockchain can play a role in ensuring that this content is circulated responsibly by providing infrastructure for licensing, circulating and monetizing legal and permissioned creations, as distinct from unlabelled and potentially nefarious media: “We must distinguish …

Data privacy issues have been escalating in 2020 as personal data is increasingly being used to fight COVID-19. The Linux Foundation, a non-profit technology consortium, has today announced a new data privacy project featuring dozens of cross-industry giants like Mastercard and IBM. Called the ToIP Foundation, the new data trust coalition aims to provide a trusted exchange of data over the internet and establish a global standard to ensure digital trust. Blockchain consortium R3 outlines Corda’s potential for private transactions According to a May 5 announcement, the ToIP Foundation’s participants include a wide list of companies, governments and nonprofits across …

A firm argues that universal access to artificial intelligence represents the future of financial planning and has vowed to empower millions. According to Finamatrix, its platform is designed to help investors manage risk in volatile markets, ultimately helping them to make better-informed decisions. The award-winning company emphasizes that it is using blockchain and artificial intelligence to reduce selection bias among traders. Risk-Cybernetics, the company's proprietary technology, is able to "determine and describe risk in a more comprehensive way." Finamatrix adds that it has a track record in research and development, as well as in establishing customized technical algorithmic codes. The …

As China is moving forward with blockchain projects amid the COVID-19 crisis, the government has tapped another tech partnership to continue the development of China’s digital yuan. Domestic artificial intelligence (AI) startup SenseTime has partnered with the People’s Bank of China’s (PBoC) Digital Currency Research Institute to provide its AI expertise amid the reported trials of the central bank’s digital currency (CBDC). SenseTime to accelerate AI advancement in a joint body with PBoC SenseTime, purportedly the world’s highest-valued AI startup with an over $7.5 billion valuation, will work with the PBoC to improve risk control and operational capabilities across financial …

Cryptocurrency data firm Nomics is applying artificial intelligence to the often chaotic world of cryptocurrency trading. In an announcement on April 23, Nomics introduced an AI system that makes seven-day cryptocurrency price predictions. The firm claims this makes it the first to share crypto asset price predictions generated by a machine learning (ML)-based AI system. Clay Collins, the firm’s CEO, told Cointelegraph that the predictions are meant for retail investors looking for ML predictions, and should not be taken as gospel: “These predictions are not investment advice. Investments and trading in crypto assets involve substantial risk of loss and is …

The global spread of the coronavirus played a major role in the dramatic 2020 stock market crash. The bailout bill for saving the world’s economy is $7 trillion and rising fast. Bitcoin bull Tim Draper believes this confluence of factors may be the tipping point that allows innovations such as Bitcoin and smart contracts to flourish. In an interview on April 6, the global venture capital investor said he was skeptical about the government’s infinite money printing bailout plan and said it would take years before that money “permeates” the global economy. “They are gonna be printing all this money …

I chose artificial intelligence as my next topic, as it can be considered as one of the most known technologies, and people imagine it when they talk about the future. But the right question would be: What is artificial intelligence? Artificial intelligence is not something that just happened in 2015 and 2016. It’s been around for a hundred years as an idea, but as a science, we started seeing developments from the 1950s. So, this is quite an old tech topic already, but because of the kinds of technology that we have access to today — specifically, processing performance and …

Amid some notable recovery of Bitcoin (BTC) after a number of subsequent market crashes last week, billionaire investor Tim Draper delivered another optimistic forecast about Bitcoin. In a March 16 interview with 415 Stories podcast, Draper outlined decentralization powered by Bitcoin and other new technologies as a major tool that has the “ability to transform the biggest industries in the world.” “It will be Bitcoin, not banks and governments that save the day” According to Draper, Bitcoin will be one of the most crucial tools in the times of the recovery of the ongoing global financial crisis, opposing the major …

Two major players in the global blockchain industry have signed a strategic partnership to pool together their technological and operational achievements. According to a Feb. 19 press release, Canaan Creative, the world’s second-largest Bitcoin (BTC) mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG were joining forces to work across several fields. In particular, the two firms will cooperate on artificial intelligence and blockchain development, as well as on optimizing data center operations at scale. Expanding technology and global outreach Northern Data focuses on building out infrastructure for high-performance computing, whose applications can extend beyond blockchain technology. The company …