Review on SingularityNET by Fanuel PORPORTY
SingularityNET, the decentralized AI marketplace powered by blockchain
SingularityNET is a decentralized platform focused on artificial intelligence. Its goal is to facilitate interoperability in the field of AI. Indeed, the field of AI faces several limits. There is currently no way for artificial intelligence to communicate data and coordinate processes. Everything must be done manually and this represents very significant costs. Finding AI services and being able to assess their quality is impossible. It will be imperative to test the service and this creates immense risks, which could be avoided. Developing AI, connecting it to others, and getting it to market is extremely expensive and ultimately inaccessible to most organizations.
SingularityNET is taking action to provide solutions to all of these problems and to open up the AI market to the world. Founded in 2017, SingularityNET is based on the OpenCog platform, itself used by more than 50 companies, including Huawei, Cisco and its founding partner, Hanson Robotics. SingularityNET wants to decentralize this domain controlled by big companies and make it accessible to a larger number.
By highlighting AI collaboration, each system will be able to learn from the others, with a coordinated approach to data sharing. SingularityNET's vision is indeed to combine AI and blockchain to create a decentralized market for different types of AI. Powered by the AGI token, SingularityNET allows businesses, organizations and developers to buy and sell artificial intelligence via a platform, thereby reducing costs.
SingularityNET’s AI-as-a-service (Artificial Intelligence as a service) aims to become the primary open source AI networking protocol on the Internet. Currently, artificial intelligence and machine learning are strong trends in IT. But they are largely controlled by very large companies, which have developed their own proprietary systems and software.
Pros
- Great project and great team.
- An inspiring vision for the future.
- Sophia as spokesperson for SingularityNET
- SingularityNET has moved away from the old test user interface for a new, more user-friendly user interface environment.
- SingularityNET has also introduced a new account-based system to the market and offers free trial access to AI services to all account holders.
- Launch of the first part of the fiat-to-crypto bidirectional gateway envisaged by integrating PayPal into the platform. With this integration, SingularityNET has opened up the user market by allowing access to AI services on the platform using fiat money as well as AGI tokens.
Cons
- AI have no emotions and moral values. They execute what is scheduled and cannot judge what is right or wrong. Even they cannot make decisions if they encounter a situation unknown to them.
