SingularityNET recently announced that the company has started collaborating with IOHK, which is run by the founder of Cardano, Charles Hoskinson. The big undertaking of the collaboration, as of right now, is to port a portion of SingularityNET’s AI platform onto the Cardano blockchain.
SingularityNET is a full-stack AI solution, with a major focus on decentralization. According to the company, “SingularityNET lets anyone create, share, and monetize AI services at scale,” and it is considered the first decentralized AI network.
This decentralized AI network is currently on the Ethereum blockchain, and according to the company, the move is largely driven by issues surrounding speed and cost. There are also concerns regarding the rollout of Ethereum 2.0, which has yet to be laid out clearly.
Dr. Ben Goertzel is CEO and founder of SingularityNET Foundation.
“Current speed and cost issues with the Ethereum blockchain have increased the urgency of exploring alternatives for SingluarityNET’s blockchain underpinning,” Dr. Goertzel says. “The ambitious Ethereum 2.0 design holds promise but the timing of rollout of different aspects of this next-generation Ethereum remains unclear, along with many of the practical particulars.
The IOHK and SingularityNET platform teams have been working out how to port a large portion of the platform from Ethereum to Cardano, including coming up with mechanisms to transfer a portion of the Ethereum-based ERC-20 AGI tokens to Cardano-based AGI Tokens. According to Dr. Goertzel, the market will work out the actual number of tokens that get swapped out.
The SingularityNET platform mostly consists of simple AI agents that provide services to end users, such as image processing, genomics data analysis, and more. However, the company has a much larger vision for the future, with one of the main goals being Artificial General Intelligence (AGI).
The network aims to create an ecosystem where a variety of different AIs can collaborate and outsource tasks to other AIs. Dr. Goertzel also believes in diversifying and decentralizing control of AI, which at present is almost entirely held by large tech companies. All of this will be the foundation of future work between the two companies, with the hope being that Cardano can accelerate this process.
“Cardano’s thoroughly formalized functional programming foundations have potential to provide a rich and flexible basis for implementing advanced aspects of the SingularityNET design — but just as critically, they have strong promise to provide a secure and reliable basis for the network’s operations basic and advanced alike.” Dr. Goertzel continues.
Building a Powerful Network of Clients
The new announcement surrounding SingularityNET’s collaboration with Cardano is just the latest example of the blockchain’s rise in power.
“Cardano has gone from strength to strength this year, and having the backing of such a prominent organisation only reaffirms this,” Hoskinson says. “SingularityNET is a project we’ve followed for a long time, and we’re excited to see how the Cardano blockchain can help SingularityNET realise its ambitious goals.”
The new collaboration is an exciting development, and it helps push the field closer to two important objectives: artificial general intelligence (AGI) and decentralization. This is just the beginning of not only this relationship, but many more that will undoubtedly rise in the near future.
Here is a recent interview between Dr. Goertzel and Hoskinson on the new collaboration.
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