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Cortex claims that this is the first time that artificial intelligence has been introduced to a crypto network at scale.
Cortex has launched a network forĀ decentralized apps powered by artificial intelligence (AI,) according to a news releaseĀ published on June 26.
The company claims this is the first time that AI has been introduced to aĀ crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and facilitate anti-fraud reporting for exchanges ā and Cortex believes theĀ gaming andĀ eSports sector could also benefit from a ādiverse range of use cases.ā Cortex CEO Ziqi Chen said:
āIn the near future, we expect to seeĀ stablecoins based on machine learning, decentralized decision making, malicious behavior detection, smart resource allocation, and much more. These are challenges that all intersect with crypto networks, where having trained AI models that are accessible on-chain will prove to be extremely valuable.ā
Looking ahead, Cortex says it plans to work with developers to implement AI dApps on its network, and deliver on-chain machine learning to networks beyondĀ Ethereum.
Earlier in June, theĀ European UnionĀ announced plans to increase the amount of data that can be reused as raw material for AI andĀ blockchain projects.
An AI-powered indexĀ tracking the 100 strongest-performing crypto coins and tokens was also recently added toĀ Reuters andĀ Bloomberg trading terminals.
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