IDA will be among the first projects that will play a unique role in China’s One Belt One Road initiative. What makes IDA so unique is that it will be among the first to digitize OBOR resources on the blockchain using the Matrix AI Network platform. If you aren’t yet familiar with the OBOR project, it is essentially the rebirth of the ancient Chinese silk road. OBOR, or “One Belt One Road” is a massive infrastructure project comprised of new special economic zones and swaths of trade routes that will further connect China with the rest of the world. The regions affected by the OBOR iniative span throughout Asia, Europe, Africa and South East Asia. The OBOR project is slated to be the largest infrastructure project in human history. Knowing that its sole purpose is to facilitate commerce and trade, blockchain would naturally play a useful and purposeful role in regards to the OBOR project. What’s special about IDA is that it plans to be at the forefront of this new era of innovation of China and the world.

The purpose of the following literature is to provide the English reading community with more incite regarding MATRIX AI NETWORK and IDA.

Provided below is a translated article from IDA explaining the benefits of Matrix’s Blockchain+Artificial intelligence platform:

IDA introduces the underlying technology of MATRIX, and MATRIX introduces the ecological and business model of IDA, which blends with each other and becomes the world’s top “blockchain + AI” team.

“Blockchain + AI” mutual empowerment

Blockchain + AI, can bring the following six advantages:

1. Blockchain can improve the data security of artificial intelligence. IDA’s IoT technology can also capture global asset data information at any time, again increasing the security factor.

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2. Blockchain can accelerate the accumulation of data, provide more powerful data support for artificial intelligence, and solve the data supply problem of AI. Numerous asset data will be stored in IDA’s blockchain network, integrated financial big data and AI analysis and processing, and the results of asset data will provide a strong basis for business diagnosis and financing.

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3. Artificial intelligence can reduce the power consumption of the blockchain. IDA’s IoT technology can also provide capacity-free and maintenance-free, easy to retrofit, remote access and large-scale networking, and easy deployment, enabling global resource management and low energy consumption.

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4. Blockchain makes artificial intelligence more trustworthy. IDA is a public domain of asset digitalization protocols that combine blockchain technology, Internet of Things technology, big data technology, and AI artificial intelligence technology.

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5. Blockchain helps artificial intelligence shorten training time. In order to enable more enterprises to easily join the IDA ecosystem, the IDA platform provides a one-stop asset digital solution, including asset certification, asset identification, IoT access, asset chaining and other asset digitization links, greatly reducing corporate time. cost.

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6. The blockchain helps to create a more open and fair artificial intelligence market. In the IDA ecosystem, MRT is a digital mapping of physical assets or equity, but allowing assets to be truly circulated in the platform requires a homogenized pass as a trading medium. Non-homogeneous certificates In the case of market mistrust and distrust, IDA is a fair, notarized and open third party providing circulation settlement services for MRT ecosystem.

“Challenge: Blockchain + AI” Risks

Policy risk

The birth of new things always brings uncertainty, but this does not mean that the future is impossible, but the infinite possibilities of the future.

Although the policy in the big environment does not understand the positive performance policy in the blockchain, whether it is published by the People’s Daily Publishing House, the blockchain cadre reader, or Ma Yun more than once said: “The blockchain is the next era” Both show that the blockchain is moving in a stable manner. And Chongqing Zhibo called for artificial intelligence, big data, and blockchain to empower the real economy. Is this not suitable for IDA’s asset digitization?

Uncertainty in technology convergence

As two cutting-edge emerging technologies, they are all at a stage that is not yet fully mature. Regardless of the technical indicators of the current blockchain or the actual landing of artificial intelligence, the uncertainties that need to be faced still exist in the true combination of the two. At present, the main problems of blockchain are capacity expansion, privacy, and computing power. The mainstream public chain is difficult to support the implementation of artificial intelligence.

In this regard, IDA is ready to use the best artificial intelligence technology, the world’s top technical team and Tsinghua University, the MATRIX platform, the world’s top three companies, and Sigfox, all constitute a technical Chains are also undergoing major reforms in terms of capacity expansion and computing power.

Large-scale social applications face challenges

Data sharing threatens the interests of large enterprises. By weakening the centralization of data, the competitive advantage of large companies relative to small companies is reduced. If anyone has access to these data sets and calculations, then anyone has the opportunity to compete with the world’s largest companies.

From another perspective, there is a huge opportunity for SMEs. Under this opportunity, SMEs will sprout many new business opportunities. The original intention of IDA is to solve the problem of rare credit for SMEs. The opportunities of target customers will drive the development of IDA. .

Uncontrollability

When using a smart contract that “cannot be stopped once it runs”, if there is a vulnerability in the contract code that is exploited by the hacker, the hacker will profit from the smart contract vulnerability, because the transactions and transactions running on the blockchain are irrevocable and may be given to the enterprise and Individuals cause irreparable damage.

IDA’s technology partner MATRIX has the ability to constantly look for contract vulnerabilities and application vulnerabilities after self-evolution. Any transaction or release program on the chain will be close to perfection with the help of artificial intelligence to avoid risks. Users are more secure. — IDA