It was January 22nd when Matrix announced its membership in the SingularityNet led Decentralized AI Alliance (DAIA). This news comes after Matrix’s previous alliance announcements such as the prominent Advanced Telecommunications Alliance. The benefits that come with Alliance acquisition are substantial as they can synergize vast ranges of expertise, ideas, and resources between multiple parties. Alliances in particular hold the potential to bring about a plethora of benefits such as establishing distribution/use case channels, discovering new adoption capabilities, and bring overall improvements to existing technologies and advancements.

Alliance formation in the blockchain and AI space is particularly exciting as blockchain and artificial intelligence are poised to be the next guarantors of a new age economy and civilization. One of the blockchain/Artificial Intelligence projects leading this space is none other than Matrix AI Network.

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 of 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 Decentralized AI Alliance (DAIA)?

In short, the Decentralized AI Alliance seeks to foster the advancement of Artificial intelligence and various AI technologies.

The Decentralized AI Alliance “promises to bring together companies, foundations, and labs operating at the intersection of AI and blockchain technology. The alliance will provide a medium for member organizations to coordinate standards, protocols, interfaces, and other technical matters, along with organizing community events, providing networking opportunities, and giving legal and management guidance.

DAIA will also foster the creation of funds to support AI blockchain-powered projects. The initial DAIA plan involves an affiliated fund that will support 100 projects over the next two years, with funding allowances of $2 million for each of the first 50 projects.”¹

Furthermore, the DAIA official Medium explains that “DAIA exists to gather together organizations building tools and systems oriented toward ensuring these dynamics are decentralized and participatory — so that all of humanity can participate in the next stages of development of Artificial Intelligence, in a transparent and collaborative way.

DAIA is founded on the premise that making AI more decentralized, democratic and participatory is important for combating current issues such as wealth inequality and data privacy, and also for accelerating the development of AI technologies toward a broad scope of applications.”²

After analyzing the fundamentals, technology, and team that surround Matrix, it is to no surprise that Matrix would be included in such an ambitious alliance which seeks to better AI technologies and mankind as whole. Such advancements after all are the very core of the Matrix AI Network project.