In March of this year, Matrix announced a partnership with the Intelligent Electrical Charging Chain initiative from the EVAIO project. This news comes as no surprise as Matrix has a strong track record of acquiring partnerships.

Matrix’s unique position in the blockchain and artificial intelligence space allows it to offer a mosaic of solutions for any such partner or industry that may benefit from these fields. We are now starting to learn that there is no shortage of potential partners and use cases for Matrix.

This article will explore both projects while shedding some light on this new and interesting partnership.

What is Matrix AI Network?

“Matrix AI Network is a platform which incorporates blockchain and AI to enable the realization of the Intelligent Blockchain. The use of AI allows innovations such as natural-language smart contracts (Intelligent Contracts), continual network optimization, formal contract security verification, and much much more. — Matrix AI Network”

Matrix’s technology is currently being used by a plethora top tier entities in a verity of fields such as clinical diagnosis, data analytics, image detection, and structural modeling among many other areas of utilization.

What is the Intelligent Electrical Charging Chain?

The Intelligent Electrical Charging Chain (IECC) is an initiative from the EVAIO project. In short, the EVAIO and its IECC initiative aims to revolutionize the electric vehicle industry by leveraging vehicle data and driving habits of individuals to help improve data on the electric vehicle sector. Participating drivers can be rewarded in EVA tokens and use them to buy vehicle accessories among other things. Why not make extra money while you go about your daily driving routine?

Essentially, the IECC aims to utilize “blockchain technology to incentivize users while ensuring data security and user privacy. Car owners can then upload their vehicle data to the chain and use tokens to pay for the use of idle charging piles.”¹

Two parts exist in EVAIO’s IECC system:

Firstly, “Vehicles contribute data and get EVA rewards from EVAIO blockchain, EVAIO also allows any third-parties to access certain portions of the collected data after paying in form of EVA tokens. EVA tokens will be kept in a wallet of EVAIO software in the vehicle OS. Because of the wallet’s flexibility, EVAIO can open APIs to third parties, allowing more auto-based express services to exist in EVA ecosystem.”²

Lastly, the “IECC project is committed to developing the shared charging pile industry by mobilizing idle personal charging piles to maximize utilization. It was founded by core members of EVAIO. The IECC will use blockchain technology to incentivize users while ensuring data security and user privacy. Car owners can upload their vehicle data to the chain and use tokens to pay for the use of idle charging piles. Meanwhile, charging pile owners will be able to convert tokens into fiat currency on the secondary market.”³

How will the Matrix and IECC partnership work?

In brief detail, “The IECC plans to rapidly expand the availability of charging piles by deploying and installing their own proprietary charging piles. These will have in-built Matrix AI Network FPGA mining machines and AI accelerators. This means that, when not charging vehicles, the IECC’s idle charging piles will conduct Matrix AI Network mining and deep-learning tasks via the MCMC algorithm. In essence, each IECC charging pile will serve as a node in the Matrix AI Network and help ensure the network’s normal operations.”⁴

Did you know? In a short period of time, a Markov chain can be used to simulate the charging and driving behavior of a cohort of electric vehicles to gauge patterns which can determine how often people charge their electric vehicles in populous areas.⁵

Final Thoughts

One thing we can say about the Matrix project is that it has been able to continue swift development all around despite the ongoing bear market. This has been proved on numerous fronts ranging from tech, development, and partnerships. It is with great hope that we see Matrix and the IECC project reach great lengths in their partnership.