Hassan Maishera
World Mobile and SingularityNET have announced a strategic partnership to launch blockchain-based loans. In a press release shared with Cryptowisser, the World Mobile team said the partnership will see SingularityNET’s AI technology integrated with World Mobile’s blockchain-based mobile network.
The partnership will see SingularityNET collaborating with World Mobile to develop AI-powered customer support services as well as credit ratings for a lending programme.
The collaboration between the two entities will allow World Mobile to efficiently scale its telecommunications network and support its expansion to new territories while maintaining high levels of customer service.
By taking advantage of SingularityNET’s technology, World Mobile staffers will be freed from attending to generic questions and answers that form a significant proportion of all customer service interactions.
Furthermore, the agreement between the two companies 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 said it would introduce its lending system using a tiered approach. The initial 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.
Following the two initial phases, the programme will be expanded to incorporate global users that are underserved by traditional financial institutions.
While commenting on this latest development, 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 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.
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.
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 to anyone and not restricted to the narrow goals of a single corporation or even a single country.
