Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
The cryptocurrency market and its developments have been focused on one end goal, the integration of the cryptosphere with the mainstream market. This goal was given yet another boost by the recent announcement from Qtum, a move aimed at increasing its usage among the general populace.
Qtum announced that users of the cryptocurrency can now use it in transactions through popular payment gateways, Apple Pay and Samsung Pay. The company tweeted,
“Great news! #Qtum holders can now use QTUM to pay at all shops via Apple Pay and Samsung Pay using @Zeuxapp!#fintech #paytech #cryptocurrency #Zeux”
According to the company, the cryptocurrency can be used to trade using the Zeus app, which will then enable the user to link it to their Apple Pay or Samsung Pay accounts. Qtum’s blog post read,
“Zeux reduces the friction of using QTUM in the real world and sticks to the nature of cryptocurrency by providing zero-fees on foreign transactions because blockchain technology is borderless! You can use QTUM wherever Apple Pay or Samsung Pay is accepted with your mobile phone on the Zeux app.”
The company believes that with the latest development, Qtum, which is based on a Proof-of-Stake blockchain, will meet “Point-of-Sale terminals around the world.” After the announcement, Miguel Palencia, the Chief Information Officer of the Qtum Foundation, commented,
“We’re excited that Zeux has added QTUM to its app. This adds a tremendous amount of additional utility for our valued community who can now use QTUM for all point-of-sale payments with merchants that accept Apple Pay, and Samsung Pay. Zeux has created a seamless way for people to use crypto in their day-to-day lives without the friction of choosing from a select group of merchants who accept crypto directly.”
Qtum’s focus on real-world applications also led them to partner Amazon Web Services [AWS], which according to the Jeff Bezos-led company, “inspired” them to launch a blockchain service that supported Ethereum and Hyperledger.
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An often heard narrative over the years has centered on the potential impact of artificial intelligence (A.I.) on work. According to , last year (2016) more than $5 billion dollars of venture capital was raised by companies where A.I. is a core piece of their product—up from around $3B the year before, and $2.6B prior to that. However while A.I. technology and investments are advancing rapidly, system trust remains a commonly discussed concern for autonomous systems.
Situated at the epicenter of this trend is , a company that has an A.I. powered knowledge and information management platform for business teams like HR, IT and product management.
Aware from the beginning that compliance, auditability and security would be a critical layer of their software—which can make decisions on behalf of humans, and learns and changes over time—Talla became the first enterprise to deliver a blockchain platform for fellow developers of A.I. software to make chatbots and digital agents meet audit and compliance standards.
Known as , the blockchain platform is based on the premise that, as A.I.-based systems continue to be widely adopted, both users and products will need a technical infrastructure in which identities and transactions are verifiable and auditable. For instance, when an A.I. bot takes action on behalf of a human, such as booking travel, sharing meeting information, or compiling documentation, a digital certificate of those transactions is hashed to a ledger, so that in the event that an audit of what was authorized is needed, it’s immutably stored on the blockchain for reference. Talla believes this technology is the missing element for truly widespread A.I. adoption in business.
“We will soon be in a world in which hundreds of thousands of bot transactions occur each minute,” said Rob May, Talla CEO and author of a popular machine intelligence .
“Some [transactions] are human-to-bot; others are bot-to-bot, and some even involve a series of autonomous bots. Each transaction requires an immutable digital certificate to record what happened and why. Bots in the enterprise will only grow when there are ways for them to establish trust with humans and with other bots.”
May asserted that traditional APIs, intended for simple data exchange, are ill-equipped to handle autonomous systems driven by A.I. He also pointed out that the new generation of systems emerging can intelligently adapt, change and make decisions over time. He believes this new generation will help fuel the “Fourth Industrial Revolution,” a historical in which artificial intelligence becomes critical to how most work is accomplished.
The beauty of is that it delivers critical systems that it benefits anyone utilizing A.I. products, as well as those developing them.
Another integral part of BotChain’s value is that it maintains that bot identities are verified with certainty for humans that use them, as well as to other bots. Maintaining verifiable bot identities prevents bot spoofing and spamming.
’s value to the world of business and enterprise encompasses the following attributes to govern artificial intelligence:
transparency: an auditable, decentralized trail on autonomous decisions reached as well as clear retraining of machine learning models, something many current systems are missing
standardization: regulated protocols for autonomous systems which allow them to communicate and, therefore, synchronize work across the network
open commerce: later next year, Talla will launch an open marketplace of skills that bot developers can access and add to their product offerings
The Genesis of Talla’s Blockchain-powered A.I.
Based in Boston, Massachusetts, has raised over $12 million in venture capital, making it one of the best funded startups targeting A.I. autonomous agents for business. The Talla team possesses decades of experience in software building, A.I. and data science. Led by May, the leadership team includes COO Catharina Mallet, Chief Data Scientist Byron Galbraith and Chief Architect Jon Klein.
During the first couple years of building their B2B A.I. knowledge management software, recognized that blockchain technology would be the ideal fit for the platform’s compliance, security and audit infrastructure. In addition, the distributed nature of blockchain allowed for a tool for the entire ecosystem of developers to standardize on protocols, helping accelerate adoption and transactions between multiple intelligent agents. Though some time would elapse before they could dedicate their resources to building the BotChain platform, “the idea, once stuck in our heads, continued to grow,” said May.
The BotChain Token Sale
The token sale for ’s BOT token is set to commence in early 2018. There is a total supply for 30,000,000 BOT tokens and the initial price for one BOT token will be $5 USD, though the company notes that those are subject to change.
Concludes May: “Ultimately our decision to build BotChain is tied to our belief in the importance of this solution to enable long term adoption of bots in large enterprises. We invite you to read our white paper and stay tuned as we dive into these issues in greater detail in the days ahead.”
