VAIOTPrice

(VAI)

VAIOT is a blockchain-based project that integrates artificial intelligence with distributed ledger technology to automate legal, business, and insurance services. Founded in 2018 and based in Malta, it is recognized as one of the first projects to be regulated under the Virtual Financial Assets Act by the Malta Financial Services Authority. This regulatory status ensures that the project operates within a legal framework supervised by professional auditors and local authorities. The core mission of VAIOT is to provide users with a natural and intuitive way to access complex digital services. To achieve this, the project has developed Intelligent Virtual Assistants that function as digital interfaces for businesses and consumers. These assistants use natural language processing to understand user requests and can help generate legally binding agreements. This leads to a concept the project calls Intelligent Contracts, which are digital legal agreements that are both printable and stored securely on the blockchain. Technologically, VAIOT was developed in collaboration with IBM, utilizing components such as IBM Watson and IBM Cloud to power its communication features. The project originally launched its native token on the Ethereum network but has since expanded its ecosystem to include the Polygon network to improve transaction speed and reduce costs. The technology stack also incorporates zero-knowledge proofs to enhance data privacy and security for its users. The project addresses several practical use cases across different sectors. In the legal industry, it helps individuals and small businesses create contracts without needing extensive legal expertise. In the insurance sector, the platform acts as a digital broker and aggregator, helping users identify and purchase insurance policies through a voice-controlled or chat interface. It also offers tools for decentralized dispute resolution, aiming to provide a more efficient alternative to traditional legal processes. The VAI token serves as the central utility for the entire ecosystem. It is used as a method of payment for services offered by the virtual assistants and provides incentives for users through a payback program. Token holders can also participate in securing the network through staking or engage in governance activities to influence the future development of the protocol. By combining machine learning with blockchain, VAIOT aims to bridge the gap between complex decentralized technology and everyday human interaction. Learn more

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