Artificial Intelligence and Blockchain: Hypersmart Contracts
Hyperintelligent contracts or Hypersmart Contracts (HSC) is a concept developed by the company ORS GROUP, which is nothing more than an intelligent connection between Artificial Intelligence (AI) and blockchain technologies.
These new building blocks will make the powerful algorithms available and join the traditional economy with cryptography. Thanks to the HSC, any value chain can be improved, along with the creation of solid business models.
These contracts seek to create a decentralized network of small and new companies on a global scale, where the CEO and CEO Fabio Zo ffi of OMS GROUP seeks to achieve the goal through this new technology to convert 1,000 million people into entrepreneurs in the year 2040.
The Italian high-tech firm has a distinguished team of scientists and information technology developers, including mathematicians, econometricians and economists.
Among its clients, the companies within Fortune 200 stand out and include industries that include retail sales: energy, finance and manufacturing. Its software solutions serve to save its clients more than 1,000 million dollars a year.
The company has recognized that Ethereum's blockchain and intelligent contracts are extremely useful for making instant payments without financial intermediaries, and as a result, have formulated a new "digital alphabet" that connects to the AI: the crypto-currency Blockchainy thanks to his newly created "Hypersmart Contract".
These HSCs act as intelligent connectors activating AI algorithms to solve complex problems of efficiency and optimization through the use of the data stored in the blockchain. They have also managed to free crypto-currency payments instantly.
Together, these technologies can lead to significant improvements in global value chains, from which small farmers can even benefit.
For example, algorithms can be used to predict crop yields and dynamic price optimization while the blockchain can be used to provide transparency around the entire food chain and the crypto-currency is used to receive payments immediate.
ORS GROUP and EIDOO, an application that helps the crypto-currency to be the dominant one in a multi-currency portfolio, has closed a sales agreement to integrate the ORS Crypto Robo Advisor "Hypersmart Contract" with the Eidoo wallet.
Users of this wallet will be able to use AI algorithms in commercial and crypto-investment assets based on their own preferences and risk profiles; which is in essence the application of Artificial Intelligence technology: studying patterns and behaviors.
With these tools within everyone's reach, the firm is looking for automation and AI to change the world very quickly, ensuring "a bright future for our children, with a more creative, entrepreneurial and equal future".
To get an idea of the reach of this technological innovation, a global manufacturing company with sales of at least 10,000 million dollars per year; HSC software based on AI decides in real time the annual distribution in decision-making of who will receive what, when and how; through the optimization of algorithms throughout the supply chain and even sending orders for the systems, applications and products in execution with savings results of 200 million dollars per year; according to the video posted on the fi cial's official website.
So, the underlying technology of Bitcoin; Blockchain and Artificial Intelligence (AI) start a long way together to offer innovative solutions to the modern business world.