[PRESS RELEASE – Geneva, Switzerland, 8th February 2023]
TRON DAO is encouraging the blending of artificial intelligence technology with blockchain technology, announcing last week the establishment of a $100M USD Artificial Intelligence Development Fund.
Four areas of focus have been initially identified: AI Service Payment Platform, AI Infused Oracles, AI Informed Investment Management Services, and AI Generated Content. However, innovators and developers whose imaginations arrive at further use cases should absolutely consider applying for funding and pitching their unique ideas, as well.
AI Service Payment Platform
TRON’s industry-leading decentralized financial infrastructure is ripe for AI infusion, as it will enable self-learning, on-the-go, adaptable capabilities in all aspects of decentralized commerce, including:
- Smart contract creation and deployment
- Payment layer protocols
- AI payment gateways
- Currency settlement
- AI utility will provide the opportunity for automated revenue generation and expedited digital commerce strengthened by AI analysis and adaptability for the developers who integrate AI tools into their decentralized applications.
TRON’s expeditious, efficient, and inexpensive blockchain network, along with its data-focused Layer2 blockchain, the BitTorrent Chain, are perfectly oriented for AI integration, as its fully decentralized file storage system (BTFS) is leveraged to achieve management of data in decentralized, adaptable, intelligent ways. Decentralized data management is a differentiating factor from almost all other blockchains using centralized data storage and oracle services. AI will strengthen the performance of all things data related, including underlying calling SDKs and API communication. Developers will be able to build in automated adjustments for optimized user experiences and dApp data transactions, because of the insightful, real-time analysis AI tools will provide.
AI enhanced oracles will make the creation of a new, decentralized, intelligent financial ecosystem possible.
AI Informed Investment Management Services
Using AI technology, investment management services in the TRON ecosystem will be able to:
- Create more complex and intelligent trading algorithms
- Analyze market trends in real-time
- Discover even more advanced and dynamic strategies
- Make more insightful investment decisions
In addition, DeFi lending platforms will be able to more accurately predict the direction of various assets as well as the balance between user assets and liabilities, thereby reducing the risk of default and improving the utilization rate of funds. As AI processes what it’s learning from day to day and month to month, it will be able to strengthen assessment capabilities and thus identify potential loopholes in certain smart contracts or other security risks based on blockchain financial transactions. AI will also enhance on-chain investing as it informs analysis, learns market trends, then writes smarter smart contracts that automate trading, in theory leading to better returns.
The blending of blockchain technology with artificial intelligence services will supercharge the way developers build a decentralized financial future and will increase the stabilization of how users experience Web3 commerce and community.
AI Generated Content
Integrating AI tools into content generation will increase efficiency and allow for on-the-go user research to inform creators and developers of market wants and needs. AI will enhance NFT utilization by constantly learning advanced ways to create as well as utilize NFTs, leading to unprecedented industry disruptions. AI infusion for users in NFT creation, storage, verification, transacting, and transferring along with NFT evaluation and analysis will empower the NFT use cases of the future.
HE Justin Sun, founder of TRON and Ambassador of Grenada to the World Trade Organization, tweeted on Monday, February 6, 2023, a thread that spelled out how AI integration will strengthen the entire TRON Ecosystem. Here’s a summary:
- WINkLink, the first comprehensive oracle of TRON’s ecosystem, combined with the DeFi applications JUST and SUN, all relying on the powerful computing and analysis capabilities of AI, will together enable efficient investment management services for on-chain assets.
- AI integration in smart contract development will allow for more intelligently and effectively created, deployed, and executed smart contracts.
- The APENFT Marketplace will offer AI infusion for users in its NFT marketplace.
- TRON’s robust blockchain commerce system provides the best infrastructure for a shared AI economy, including the tokenization of artificial intelligence services.
- The hope of the initiative is that developers are inspired to use AI in current as well as future applications built on the TRON blockchain, both in the back end and front end of development, AND that they apply for grants from the TRON Artificial Intelligence Development Fund to help them do so.
THE BOTTOM LINE
The result of blending AI and blockchain tech will be a new, decentralized, intelligent ecosystem that is secure, trustworthy, tamper-proof, uncensorable, and adaptable.
When asked, “Which blockchain is integrating artificial intelligence,” ChatGPT responded with, “Currently, there is none.” In the near future, with the self-learning capability of AI, that answer is sure to be different. It’s yet another way TRON is building the future of commerce and community for every human on the planet.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by HE Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of February 2023, it has over 141 million total user accounts on the blockchain, more than 4.8 billion total transactions, and over $11.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
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