Torque Ventures announces partnership with Matrix

In the beginning of March, Torque Ventures announced a partnership with Matrix. The reason behind Torque Venture’s decision of adding Matrix to its partnership list was that it was among one of the few projects that was dedicated to “developing solid technology over marketing hype.” Furthermore, Matrix displayed strong fundamentals and competency in Torque’s analyses. Torque Ventures brings a plethora of benefits to Matrix in this partnership, some of these benefits include capital, networking, as well as advisory services.

Heres what Torque had to say about Matrix AI Network

“After researching multiple projects on a daily basis, our team made a compelling argument as to why we should back Matrix AI. Matrix has an incredible team, an ambitious vision, and we are proud to call them a partner.” “Matrix AI has all the right ingredients to become a top 10 cryptocurrency in 2018”

Torque Ventures is a group that partners with the top blockchain projects of the future. The group is comprised of investors, specialists, and influencers located across the globe.

Matrix and the Beijing Cancer Hospital and 302 Hospital

Earlier in the year, Matrix announced they were working with a number of hospitals, two of them being the Beijing Cancer Hospital and the 302 Hospital. What value can matrix bring to these hospitals? With the use of Bayesian networks and the Monte Carlo (MCMC)algorithm, Matrix’s AI engine is able to help detect various diseases such as Thyroid Cancer. Additionally, the AI engine will eventually be able to quickly identify and recommend treatment for such diseases.

“The 302 Military Hospital of China is currently the largest tertiary hospital in the country with the third-grade Infectious Disease Hospital, and the infectious disease specialist hospital that undertakes the central health task.”

Matrix: China Securities Credit Investment and China Youth Credit

Credit will show a vast level of dominance in the 21st century. MATRIX will cooperate with China Securities Credit Investment and China Youth Credit to fully utilize the application of blockchain to corporate credit information and personal credit information. Furthermore, Owen Tao announced in April that Matrix was also developing a personal credit system with China Youth Credit company.

“Founded on May 27, 2015, China Securities Credit Investment Co., Ltd. is a national capital market basic function company with a registered capital of 4.586 billion RMB. CSI Credit is based on the capital market, relying on the securities industry and taking credit as the core to establish a complete credit value chain for credit reporting, credit rating, credit enhancement, credit product and risk mitigation tools creation and trading, asset management and debt restructuring.”

Matrix and the International Electrotechnical Commission (IEC)

In May, Matrix announced that it had started the submission processes of working with the IEC to cooperate on developing international standards for blokchain technology. This cooperation will start by focusing on supply chain with the OBOR project included. Stay tuned for further details regarding this.

“The IEC is an international standards organization that prepares and publishes International Standards for all electrical, electronic and related technologies — collectively known as “electrotechnology”. IEC standards cover a vast range of technologies from power generation, transmission and distribution to home appliances and office equipment, semiconductors, fibre optics, batteries, solar energy, nanotechnology and marine energy as well as many others. The IEC also manages three global conformity assessment systems that certify whether equipment, system or components conform to its International Standards.” Furthermore, there are currently 60 countries that work with the IEC.

Conclusion

It’s amazing to see a blockchain project such as Matrix secure this many partnerships at an early stage. Each partnership signifies Matrix’s ambition to become the next leading blockchain of the future. In many of these partnerships, the use case of Matrix becomes more evident, whether its in cancer diagnoses, digitizing digital assets, or AI research, Matrix is proving that its platform and vision can be utilized in nearly all sectors of society.

Fun fact: Technically there are more partnerships involved with Matrix, these articles just mentioned the main ones. Maybe we will see a part 3 in the future?

Read Part 1 of Matrix Partnerships

Sources:

Matrix and Hospitals: https://medium.com/@matrixainetwork/inside-the-matrix-1-how-does-our-ai-assisted-cancer-diagnosis-and-treatment-system-work-19186363959

Matrix and China Youth Credit / China Securities Credit Investment: https://medium.com/torque-capital-partners/from-lenovo-to-machine-learning-we-sat-down-with-the-ceo-of-matrix-ai-and-here-is-what-we-learned-3fad7282040d

Matrix and Torque Venture Capitals: https://medium.com/torque-capital-partners/february-review-what-bear-market-a-bullish-start-to-the-year-for-torque-capital-partners-a5581b11da6e

Matrix and the IEC: https://medium.com/@matrixainetwork/matrix-monthly-report-for-june-2018-77cb91f2c64d