Hey VAIOTeers🙋♀️,
The VAIOT community is growing with the day, and thus, we thought it would be useful to share some more extensive information on the “ten basics” of VAIOT. So, let us get started.
What is VAIOT?
VAIOT offers a portfolio of blockchain-based AI Virtual Assistants for businesses, consumers, and the DeFi to provide automated services and transactions backed by VAIOT’s Intelligent Contracts. VAI Tokens are based on Ethereum but will eventually migrate to the Cosmos SDK, an open-source framework for building blockchains in an application-specific manner. Within the framework, VAIOT leverages its own intelligent solutions.
The modular structure provides heavily tested and fully customizable components that firmly bootstrap VAIOT applications. Cosmos breaks the barrier between blockchains by allowing them to communicate with each other in a decentralized way.
Additionally, Cosmos features include scalability, modularity, and interoperability. The Cosmos SDK utilizes the Tendermint consensus engine for securely and consistently replicating applications on machines even in the case of malicious nodes.
2. What makes VIAOT unique from the competition?
VAIOT’s Assistants are a cut above competitors due to the combination of AI and blockchain into its solutions. The average chatbot and IVA work with a limited data set and is often unable to adapt to everyone’s experience and needs. With AI, VAIOT’s Assistants will continue to get better, and the more they are used, the more experience they must draw from. Blockchain allows for scalability that no other IVAs can offer. With the Legal Assistant, that means a database large enough to facilitate contracts from around the globe infinitely, all on-chain to be retrieved through a simple conversation. VAIOT’s natural user interface (thanks to the foundation of IBM Watson) allows for a human touch where other IVAs simply fall short.
3. Why are Artificial Intelligence and Blockchain implemented in VAIOT’s products?
VAIOT combines the implementation of blockchain and artificial intelligence (AI) to deliver a portfolio of Intelligent Virtual Assistants (IVAs) designed for business and legal services for both consumers and companies. VAIOT is now classifying its proprietary IVAs as a new class: IBAs (Intelligent Business Assistants) and ILAs (Intelligent Legal Assistants). With its solutions, VAIOT is providing an inventive solution for the new digital landscape.
The implementation of Blockchain technology and AI creates new ways of digitally accessing services and securely concluding legal agreements using an intuitive ‘natural’ user interface. All VAIOT’s transactions are supported by Intelligent Contracts, an enhancement of the concept of blockchain smart contracts enabling the creation of legally binding agreements (both printable and ready-to-sign and digitally stored on the blockchain).
Finally, VAIOT’s AI allows its Intelligent Assistant to act as a broker and aggregator for various other products such as insurance offers. All while utilizing a vastly improved user experience through VAIOT’s proprietary natural user interface.
4. Which products does VAIOT deliver?
VAIOT offers three product lines known as the AI Sales Assistant, AI Insurance Broker and Aggregator and the AI Legal Assistant.
The AI Sales Assistant, also known as the Merchant, is a new digital channel for buying services and conducting instant transactions, providing consumers with a faster easier and more affordable way to access services offered by various businesses.
The second business line, the AI Insurance Broker and Aggregator (also known as “The Broker”) is an intelligent platform that allows for the aggregation of products and services and distributes them to consumers through highly personalized offers and recommendations. VAIOT will allow customers to buy a variety of services including, for example, car or travel insurance. Thanks to the AI Virtual Assistant, VAIOT will be able to support purchase decisions and sales processes, creating a brand-new service distribution channel.
Finally, the third business line, VAIOT’s AI Legal Assistant combines blockchain (smart contract technology-enhanced in the form of VAIOT’s “Intelligent Contracts”) and AI and focusses both on contract analysis and automatic generation of ready-to-sign traditional contracts and their digital equivalents. Offered to end-users in B2B, B2C, and B2B2C models. Whether it is a law firm trying to cut costs through automation of internal processes, or a medium-sized company with a small, overloaded legal department, the B2B version of VAIOT’s AI Legal Assistant will provide support in generating enforceable legal contracts based on its extensive database. In the B2C model, VAIOT will offer legal services to individual customers, allowing them to save money on legal fees, reducing red tape, and vastly simplifying the process of preparing contracts.
5. What is the technological advantage of VAIOT?
The technical advantage of VAIOT does not just limit itself to the blockchain technology implementation or the AI, but additionally, has five important aspects which are listed below.
AI Virtual Assistant — A professional tool representing the ideal natural user interface for the creation of Intelligent Contracts and acquisition of products and services within the new digital service distribution channel
COSMOS SDK — An open-source framework for building Blockchain in an application-specific manner. Through COSMOS, VAIOT leverages its own proprietary AI Solutions.
VAIOT Code Generation Engine (VGCE) — When combined with AI, VGCE allows for the automatic conversion of an abstract description into an executable program, based on Blockchain.
VAIBC — VAIOT’s proprietary distributed network, where AI and Blockchain are inseparably linked. AI algorithms settled on-chain and taking part in the consensus algorithm are necessary for the Intelligent Contract generation process. Blockchain ensures that every network participant is certain about the decisions made by the AI and ensures that it cannot be manipulated or influenced from outside of the network. Both technologies have multiple dependencies within VAIBC.
IBM Watson — One of the most recognized business solutions, utilizing the latest innovations in machine learning to support automation and optimization of complex processes. Watson’s components allow for the development of VAIOT’s advanced proprietary algorithms that are the foundation of the VAIOT platform.
6. Who makes up VAIOT’s Partnership Ecosystem?
VAIOT’s Partnership Ecosystem consists of industry leaders in the financial, institutional, marketing, and technological sectors. As we progress the products and company, we aim to add many more partners to our ecosystem. But for now, these are our current partners:
7. What is the total token supply of $VAI?
The total supply of $VAI will be released over 10 years, the total supply is 400,000,000.
8. Where can I learn more about the VAIOT Token economy?
You can find all the information on the DAO Maker website or VAIOT token allocation page.
9. In which state of development is the project currently?
VAIOT has just finalized the 2nd round of Beta Testing our AI Assistant for the 1st line of business: the AI Sales Assistant also known as The Merchant. We have also recently brought on a product development manager to help further refine our deliverable product lines. For an in-depth look into our development stages, visit the roadmap here.
10. How can I engage in the VAIOT Community?
We would love for you to join the community! In our community you will find first-hand news, bonus events, and more!
You can also connect with our team members in case of any questions. To do so, please join our Telegram groups: VAIOT community and VAIOT announcements. Or visit the VAIOT website, Twitter, and LinkedIn.
The VAIOT Website, Platforms, Solutions, and Services, and in particular VAI Tokens, are not offered for use and purchase to natural and legal persons having their permanent residence or their seat of incorporation in any of the restricted areas as listed in VAIOT’s Whitepaper, in particular: USA, Germany, Puerto Rico, US Virgin Islands, Canada, China, Singapore, Afghanistan, Central African Republic, Cuba, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Libya, North and South Korea, Somalia, South Sudan, Sudan, Yemen, Zambia (Restricted Areas).
