The blockchain technology networks Fetch.ai,SingularityNET, and Ocean Protocol recently merged their projects to create adecentralized form of artificial intelligence (AI). According to a statement by Fetch.ai, thiscollaboration aims to democratize access to AI technology while ensuring its benefits are equitably distributed.

Embracing Decentralization in AI

Named Superintelligence Alliance, the partnership isdriven by a shared vision of harnessing the potential of AI for thebenefit of humanity. Fetch.ai, SingularityNET, and Ocean Protocol plan tomerge their tokens into a single currency dubbed Artificial Superintelligence($ASI). The trio has highlighted the need for decentralized control to preventAI from being monopolized by a few entities.

We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5

— SingularityNET (@SingularityNET) March 27, 2024

$ASI will be a universal AI token that aims to streamlinetransactions within the alliance's ecosystem and facilitate collaboration amongdevelopers, researchers, and users. With a combined value of $7.5 billion, thealliance aims to position itself as a formidable player in the AI industry.

Fetch.ai,SingularityNET, and Ocean Protocol seek to create a decentralized ecosystemwhere the development of AI is open, transparent, and inclusive by merging their resources and expertise. Dr. Ben Goertzel leads SingularityNET, while Humayun Sheikh and Trent McConaghyspearhead Fetch.ai and Ocean Protocol, respectively.

Artificial Superintelligence

To ensure effective governance, the alliance willestablish a governing council comprising leaders from Fetch.ai, SingularityNET,and Ocean Protocol. Community input will be solicited, with governanceproposals subject to approval by a majority of the leaders of the new project.

Last year, blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology and the AI sectorexperienced unprecedented growth. According to a report by Finance Magnates,the convergence of AI and blockchain technology promises to revolutionize userexperiences and reshape the landscape of crypto and Web 3. The fusion of AI and blockchain enhances the personalization and optimization of crypto and Web 3.

User-centric design is crucial for bridging the gap betweenusers and technology in this sector. Platforms like Audius prioritize userexperience, allowing interaction with crypto technology for musicand art enthusiasts. By focusing on users' needs and behaviors, user-centricdesign enhances accessibility and adoption of this technology.