Microsoft And Crypto: The Tech Giant Unveils A New Ethereum-Based Project
The blockchain technology has been gaining increased interest from important names lately.
Now, a tech giant is making another move that shows the fact that interest in blockchain and crypto is boosted these days.
Microsoft has just revealed a new AI project that’s leveraging Ethereum blockchain.
Decentralizing Artificial Intelligence
The company is planning to decentralize AI by allowing people to get easy access, share and run machine learning models via Ethereum.
“Leveraging blockchain technology allows us to do two things that are integral to the success of the framework: offer participants a level of trust and security and reliably execute an incentive-based system to encourage participants to contribute data that will help improve a model’s performance…”
The Daily Hodl continues to cite official notes on the subject and writes:
“Additionally, blockchains such as Ethereum have thousands of decentralized machines all over the world, making it less likely a smart contract will become completely unavailable or taken offline.”
You can learn the complete notes from Microsoft’s official website in order to find out more.
Ethereum and Microsoft team up
Ethereum development studio ConsenSys and the tech giant Microsoft are teaming up with Louis Vuitton SE as tech partners to create a blockchain platform called AURA.
This new platform allows customers to check, trace and track the production of luxury goods.
This will happen from raw materials to the point of sale, to second-hand markets.
Using AURA, the customers will be able to learn about a product’s history and check its authenticity of brands under Louis Vuitton SE aka LVMH.
According to ConsenSys, it’s been reported that “During production, each product is recorded on the shared ledger, irreproducible and containing unique information. At the time of purchase, a consumer can use the brand’s application to receive the AURA certificate containing all product information.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.