According to the Sep.30 announcement, SingularityNET partners with Cardano to work for the development of the Cardano network.
SingularityNET is a blockchain-based marketplace that offers Artificial Intelligence (AI) services and applications. It is the same company that designed the software for the social robot Sophia.
The partnership between both companies will be beneficial for “engineering and development of the Cardano blockchain” and scaling of engineering and development of the Cardano blockchain.
“The transition of SingularityNET onto modern blockchain such as Cardano is a clear route to achieving scale and speed, and the completion of the fiat –to-crypto gateway will remove the requirement for end-users of SingularityNET-based services to deal with cryptocurrency infrastructure.”
SingularityNET’s Mult-Chain Plan
Currently, the AI marketplace is based on the Ethereum blockchain but it can be moved to Cardano in near future. If SingularityNET has a plan to do this, it would need to swap its ERC20-based AGI token to Cardano blockchain.
In his discussion with Cardano CEO Charles Hoskinson, SingularityNET CEO Ben Goertzel hints that the AI marketplace may adopt a multi-chain infrastructure. Goertzel said:
“If the Cardano portion works much better…then everything should migrate there. If it turns out that the Ethereum portion is more useful for some purposes, the Cardano portion is useful for some purposes, then so be it, right?”
Cardano network has now reached maturity level as it has practical scalability and theoretical grounding. According to SingularityNET:
“Cardano’s 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.”
“The synergetic intelligence immanent in such a society of AI minds will provide greater value to human and AI users of the platform and thus progressively increase both the user traction and the intelligence of the overall network, via positive feedbacks. The deep integration of the SingularityNET and Cardano technologies has the potential to provide the underpinnings needed to support this kind of growth,” it concluded.