{"id":29897,"date":"2020-10-01T09:45:40","date_gmt":"2020-10-01T07:45:40","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=29897"},"modified":"2020-10-01T09:45:40","modified_gmt":"2020-10-01T07:45:40","slug":"ai-platform-singularitynet-announces-collaboration-with-iohk-to-migrate-its-services-from-ethereum-to-cardano","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ai-platform-singularitynet-announces-collaboration-with-iohk-to-migrate-its-services-from-ethereum-to-cardano\/","title":{"rendered":"AI Platform SingularityNET Announces Collaboration with IOHK to Migrate its Services from Ethereum to Cardano"},"content":{"rendered":"

SingularityNET<\/a><\/strong>, a decentralized artificial intelligence (AI) network that lets anyone create, share, and monetize AI services at scale, has announced its team-up with Input Output HK (IOHK<\/a>)<\/strong>, the company driving forward the engineering and development of the Cardano blockchain.<\/p>\n

<\/p>\n

According to the reports, SingularityNET is seriously considering a migration from Ethereum to Cardano.<\/strong> Although, the final decision has not yet been made.<\/p>\n

Ibby Benali, Manager & Data Protection Officer at SingularityNET, announced the news in a blog post<\/a> on Wednesday, September 30. Benali said that the IOHK and SingularityNET teams had been seriously discussing what it would take to port a significant portion of the SingularityNET decentralized protocol and platform from Ethereum to Cardano.<\/p>\n

The announcement reads:<\/p>\n

\u201cThis would involve providing mechanisms for swapping some of the current (Ethereum-based) ERC-20 AGI tokens to Cardano-based AGI tokens, and also creating analogues of the Solidity smart contracts underlying aspects of the SingularityNET platform using Cardano\u2019s new Plutus smart contract language.\u201d<\/em><\/p>\n

\"singularitynet\"<\/p>\n

The potential move from Ethereum to Cardano is driven by concerns around speed and costs that have been badly affected by demand from the DeFi platforms.<\/p>\n

Ethereum 2.0 promises to solve these issues but the timing of the rollout of different aspects of this next-generation Ethereum remains unclear. This led the AI platform to explore alternative blockchain.<\/p>\n

But the Cardano is not the only blockchain platform under SingularityNET consideration.<\/strong> In 2019, the company had plans to portion of SingularityNET to a radical TODA-based ledger-less framework. The company has also experimented with NEM blockchain. There have also been interactions with the Algorand team.<\/p>\n

According to the company, Cardano suits it best as both platforms share a culture and development style centered on advanced computer science and mathematics.<\/strong> Ibby Benali, about Cardano, said:<\/p>\n

\u201cCardano\u2019s consensus mechanisms and associated algorithms and structures comprise a unique mix of rigorous theoretical grounding and practical scalability and have now reached a level of maturity that makes it possible to port a complex blockchain application like SingularityNET to Cardano.\u201d<\/em><\/p>\n

\"Charles<\/p>\n

The in-depth discussion between the two teams has already been moving forward even before the formal collaboration announcement. But the final regrading the migration of a part of its services has not yet been made. The matter will be discussed in-depth with the SingularityNET community when the time is right.<\/p>\n

SingularityNET is an AI and blockchain project launched by Hong-Kong-based Hanson Robotics<\/a>, the company that made the most sophisticated and expressive robot to date, Sophia. The project is supervised by Hanson Robotics\u2019 Chief Scientist Ben Goertzel. It is a global AI marketplace where AI developers can put up their work, which can be tapped by others to enhance existing robots or build new ones.<\/p>\n

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If you found this article interesting, here you can find more Cardano News<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

SingularityNET, a decentralized artificial intelligence (AI) network that lets anyone create, share, and monetize AI services at scale, has announced its team-up with Input Output HK (IOHK), the company driving forward the engineering and development of the Cardano blockchain.<\/p>\n","protected":false},"author":14,"featured_media":21270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,74],"tags":[4632,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/29897"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=29897"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/29897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/21270"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=29897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=29897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=29897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}