IBM WatsonX and Casper Labs have announced that they are working on a joint project to unite blockchain and AI, in order to generate data governance models for the development of transparent and secure AI.
In a significant milestone for the development of blockchain technology and its artificial intelligence (AI) capabilities, IBM WatsonX and Casper Labs have teamed up to develop the first AI based on blockchain technology, under the name of Brave.AI.
This collaboration combines IBM’s leading AI platform, WatsonX, with Casper Labs’ blockchain expertise, creating an innovative and revolutionary solution. The goal of this blockchain-based AI is to improve transparency, efficiency, and security in blockchain systems, while offering new opportunities and applications in various sectors.
WatsonX a powerful AI platform for businesses
BM WatsonX is an artificial intelligence (AI) and data platform developed by IBM. It is designed to help companies scale and accelerate the impact of AI on their operations. WatsonX has three main components: WatsonX.ai, WatsonX.data, and WatsonX.governance.
WatsonX.ai is a ready-to-use enterprise AI studio that enables companies to train and deploy AI models at scale. It supports open-source frameworks and tools for code-based and visual data science capabilities.
WatsonX.data, on the other hand, is a data warehouse designed specifically to enable companies to scale analytics and artificial intelligence (AI) applications. It is based on an open data architecture called a “lakehouse” and offers query capabilities, governance, and open data formats. In this way, WatsonX.data allows companies to connect and access their data in a matter of minutes, giving them reliable information and reducing the costs associated with traditional data warehouses. This solution is available as a service in the IBM cloud and on AWS, as well as in the form of containerized software.
Finally, WatsonX.governance is the component that deals with responsible AI governance. This platform has sparked enthusiasm among companies looking to use base models and machine learning for various tasks. It is about this
Thanks to this structure, WatsonX offers a variety of AI assistants that enable people in the organization to work without expert knowledge on various business processes, such as customer service automation, code generation, and automation of key workflows. In addition, the platform includes consulting programs and IBM partners.
Joining forces for a more transparent AI
Collaborations between IBM and Casper Labs are nothing new. They have collaborated in the past to Demonstrate the first atomic swap of fungible and non-fungible tokens between private and public blockchain networks. This with the goal of increasing the liquidity of blockchain-enabled markets and providing an option for companies that rely on secure and private consortium networks. Hyperledger Fabric to unlock assets and increase liquidity using the Casper public blockchain.
But this new step seeks to go much further, by uniting the AI capabilities of IBM WatsonX and the technical expertise of Casper Labs in the blockchain world. A collaboration that has the potential to positively impact various industries and transform the way transactions are made and data is managed. Some concrete examples include:
- Improved Transparency: Blockchain technology provides an immutable and transparent record of all transactions, increasing trust and security across a variety of industries, including supply chain, healthcare, and finance.
- Improved efficiency: Combining WatsonX AI with blockchain can automate and streamline complex business processes, reducing costs and improving operational efficiency.
- New opportunities and applications: Blockchain-based AI can generate new business opportunities and innovative applications in sectors such as logistics, cybersecurity and smart contract management.
AI + Blockchain: a futuristic duo
The collaboration between IBM WatsonX and Casper Labs to develop the first AI based on blockchain technology is an important milestone in the advancement of these technologies.
The combination of IBM’s leading AI platform with Casper Labs’ blockchain expertise promises to improve transparency, efficiency, and security in blockchain systems, while offering new opportunities and applications across diverse industries. This strategic partnership lays the foundation for a future driven by innovation and trust in blockchain technology.
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