AI Bank : Blockchain, Microcredits and Artificial Intelligence in Banking Industry

By BtcSapiens | btcsapiens | 4 Jul 2019

Blockchain technology is changing the rules in the financial world and new types of banks are adapting to these changes at a very fast pace. One of the decentralized banking projects that are making their way into the crypto-bank is AI Bank (Artificial Intelligence Bank), a decentralized global bank.

The vision of AI Bank

AI Bank, on its own website is shown as a follower of the ideas of Professor Muhammad Yunus, an economist awarded the Nobel Peace Prize in 2004 for his work in social causes, and is known for the creation of the Grammen Bank.

DAI Bank intends to user the analysis of human behavior to establish parameters that determine the type of client, to reduce the risks in microloans. This data can be up to 50 different parameters, which include the customer's fingerprint, link with social networks, external credit history, telephone verification, country specification, etc...

AI Banks will initially use Backllists, the project will buy databases of scams and scammers, which will serve the machines to learn about how these types of clients work.

Talking about transparency, transactions are recorded in the public registry, and data that is not a banking secret will be opened for viewing but saved using cryptography.

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To access detailed information about the project, we recommend you visit its whitepaper, is a 20 page document in .PDF format that you can access by clicking on the image or from the following link https://aibank.global/whitepaper.pdf