LONDON, UK / ACCESSWIRE / August 22, 2023 / World Mobile and SingularityNET have announced a strategic partnership that will see the latter's AI technology integrated with the former's blockchain-based mobile network. The agreement will entail SingularityNET collaborating with World Mobile to develop AI-powered customer support services as well as credit ratings for a lending programme.
The partnership with SingularityNET will enable World Mobile to efficiently scale its telecommunications network and support its expansion to new territories while maintaining high levels of customer service. By utilizing technology pioneered by SingularityNET, World Mobile staffers will be freed from attending to generic questions and answers that form a significant proportion of all customer service interactions.
In addition, the agreement between World Mobile and SingularityNET will support the creation of enhanced products and services that utilize artificial intelligence. These include the establishment of a blockchain-based lending solution that is powered by AI credit ratings.
World Mobile will introduce its lending system using a tiered approach. The first phase will involve provisioning credit to its existing user base who will be eligible to retain their contract after the prepay term has expired. The second phase will see additional loans made available to established customers with a positive payment history. Finally, the programme will be expanded to incorporate global users that are underserved by traditional financial institutions. According to the World Bank, 1.4 billion adults globally remain ‘unbanked', however, two-thirds of the unbanked population own a mobile phone that could help them access financial services providing adequate connectivity is in place.
Micky Watkins, CEO of World Mobile, said: "We are proud to partner with SingularityNet on the integration of AI technology for customer support and introducing blockchain-based data loans. This strategic partnership reflects our shared commitment of delivering cutting-edge innovations to solve real world problems. With AI-driven assistance, decentralized identifiers and secure blockchain transactions, we are empowering users with seamless experiences and unlocking new possibilities in the mobile industry."
Janet Adams, COO of SingularityNET, added: "SingularityNET was founded with a vision to democratize access to technology and wealth. This partnership is a key component of this journey - it will allow us to get vital funds to those the traditional financial system has previously excluded. We look forward to collaborating more closely with World Mobile to pioneer a fairer, decentralised future."
The partnership with SingularityNET will advantage both parties over and above the tangible benefits it delivers to World Mobile customers. The arrangement further demonstrates the capabilities of SingularityNet's blockchain-based AGI, which can match human intelligence. By leveraging it to solve real-world problems, World Mobile can deliver innovative new products with a particular focus on banking the unbanked.
About World Mobile
World Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.
World Mobile recently launched a commercial network in the East African island of Zanzibar, and has successfully completed field tests of its network in Nigeria, Kenya and Mozambique.
Learn more: https://worldmobile.io/
About SingularityNET
SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized Artificial General Intelligence. An AGI that is not dependent on any central entity, that is open for anyone, and not restricted to the narrow goals of a single corporation or even a single country. The SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers.
Learn more: https://singularitynet.io/
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SOURCE: World Mobile