The UK-based mobile network operator – World Mobile – teamed up with the decentralized artificial intelligence (AI) marketplace – SingularityNET – to develop credit ratings for a lending program that utilizes blockchain technology.
The partnership will also enable World Mobile to scale its network and expand to new regions.
Combining AI and Blockchain Technology
According to a document seen by CryptoPotato, the collaboration with SingularityNET will upgrade World Mobile’s customer service as it will use AI technology to answer clients’ generic questions. The mobile network operator will also integrate the technology to establish a blockchain-based lending solution.
It will introduce the option in phases, with the first involving provisioning credit to observe who will be eligible to use the offering. Second, the entity will check whether it can provide additional loans to loyal customers. Finally, the program will reach global users served by traditional financial instituti
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