Over the past few weeks, there has been a lot of talk about the potential impact of artificial intelligence (AI) on various industries. VeChain, a leading blockchain technology company, is exploring the potential of integrating AI into its existing technology to become a cutting-edge project. Specifically, VeChain developers are exploring OpenAI to develop a human-readable description of decoded contracts, which will enable the project to tap into the billion-dollar AI industry. McKinsey predicts that AI could deliver an additional $13 trillion to the economy by 2030, making it a highly attractive sector.
Smart contracts have been around for years, and they can be executed on the VeChain network. These contracts are used in logistics, supply chain management, and other industries to improve operations. Integrating AI into the network can enhance these industries even further. VeChain’s use of OpenAI can improve the operational efficiency, information accuracy, and data security of the VET blockchain.
Our first implementation: A human-readable description of decoded contracts. We’d love to hear your thoughts!
— vechain.energy (@VechainEnergy) April 20, 2023
Despite the slumping prices of VET, VeChain has continued to work on developing its technology, and it has indicated that it will continue to work with governments in Europe. VET has compliance built-in into its architecture, and it complies with the comprehensive MiCA framework on digital assets. VeChain’s numerous positive developments indicate the possibility of the token turning around and ending the year on a new high. At present, VET is exchanging for $0.02241, and investors remain optimistic about its potential.
#VET is a very thin market as indicated by the many gaps in price. This means that #VET is likely to be highly volatile although it doesn’t tell you which way – Such low volume may improve if the general market improves – we shall see? #Evai pic.twitter.com/9j78ZXw7WZ
— Matthew Dixon – CEO Evai (@mdtrade) April 17, 2023