VAIOT is a digital contract management platform that combines artificial intelligence and blockchain">blockchain technology to provide AI-based legal services, a digital channel for transactions, and service distribution channels for businesses. Their Virtual AI Assistant is said to be developed in cooperation with IBM. The project offers faster, more affordable, and more personalized legal services for both businesses and consumers.
VAIOT combines AI and blockchain to create new ways of accessing services and securely concluding legal agreements. At the core of VAIOT is Intelligent Contracts, which is reportedly an improved version of smart contracts. The main problem with smart contracts is their complicated structure and the need for programming and legal knowledge. Intelligent Contracts aim to provide a solution to these problems by offering programming skills and legal knowledge through VAIOT's Virtual AI Assistant.
The Virtual AI Assistant uses voice or text analysis technology to create tailored contracts based on the user's requirements. The VAIOT Code Generation Engine allows for automatic conversion of the contract into an executable program on blockchain, eliminating the need for programming skills. VAIBC, VAIOT's proprietary distributed network technology, ensures the security and immutability of the Intelligent Contracts. Therefore, the Intelligent Contract creation process is fast, straightforward, and secure.
Thanks to Intelligent Contracts, the platform offers solutions that simplify the process of conducting business or daily operations, while ensuring confidentiality and security, as follows:
- AI-backed legal services provide AI-powered Intelligent Contracts to create secure contracts tailored to the user's needs. It allows for faster, more affordable, and more secure legal and insurance services.
- AI-backed digital service distribution channel empowers businesses to adapt to modern customers by providing a new way of accessing services. It improves sales and customer services processes, introduces innovative digital communication and service provision channels for a digitally savvy customer base, refines data gathering processes, improves user experience, reduces costs of various business processes, and provides 24/7/365 availability of services and sales channels.
VAI is the native token of the VAIOT platform. It is used as a settlement method for goods and services, a payback bonus, and staking rewards.
VAI has a total supply of 400,000,000 and a circulating supply of 199,626,565.
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