1. TokenScope is a cryptocurrency KYT solution based in Abu Dhabi that uses AI for risk assessment of transactions.
2. The Global Blockchain Show highlighted how Blockchain is transforming asset ownership and online transactions, but also presented unique risks.
3. The intersection of AI and Blockchain was evident as the Global Blockchain Show coincided with the Global AI Show, showing potential for decentralized AI and innovative solutions.
TokenScope is a cryptocurrency know your transaction (KYT) solution based in Abu Dhabi that utilizes AI for risk assessment of cryptocurrency transactions. The recent Global Blockchain Show emphasized the transformational impact of Blockchain on asset ownership, online transactions, and content monetization, while highlighting the unique risks associated with cryptocurrency transactions. The event coincided with the Global AI Show in Dubai, underscoring the growing convergence of Blockchain and AI.
Soheil Zabihi, Head of Strategy at TokenScope, discussed topics such as adoption, regulations, and marketing strategies at the Global Blockchain Show. The event was held during Token49 week in Dubai, attracting participants from around the globe. Zabihi also interacted with Sophia, an emotionally intelligent robot, at the Global AI Show, demonstrating the evolving capabilities of AI in robotics.
The intersection of AI and Blockchain is evident in the market, with predictions indicating substantial growth in the blockchain AI sector. This trend is expected to enable innovative solutions such as AI model transfers and decentralized marketplaces for developers. TokenScope’s RegTech tooling solution leverages AI to analyze cryptocurrency transactions, providing insights for compliance and fraud detection. AI plays a crucial role in generating reports and transaction graphs to trace the flow of digital assets.
Looking ahead, the collaboration between AI and Blockchain is poised to revolutionize individual transactions and business operations. Decentralized AI platforms aim to diversify industry leadership and prevent monopolization by a few key players. By utilizing Blockchain technology, developers can decentralize AI and enhance security mechanisms. While decentralization may streamline regulation, it does not exempt entities from compliance requirements. Overall, the synergy between AI and Blockchain offers promising solutions for de-risking crypto transactions and combating fraudulent activities.