Swae Sessions | Can Democracy Save the Environment?

Swae Sessions | Can Democracy Save the Environment?

Jul 26, 2022 | Blog, DAO & Decentralized Governance

Swae Sessions

Can Democracy Save the Environment

[A Talk to the Council of Europe & World Forum for Democracy]

Live on Crowdcast and On Demand
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by Soushiant Zanganehpour @Soushiant

Founder & CEO of Swae

During this free webinar, you will learn:

Last year, The Council of Europe brought together CEOs, researchers and policy experts to analyse dimensions of the relationship between global environmental challenges, technology and democracy.


The unprecedented global ecological challenges posed by climate change and biodiversity loss, among others, raise a range of compelling questions about the intersections between these challenges, the uses and application of current and emerging technology, and the ability of democracies around the world to react effectively to these crises.


On the one hand, current and emerging technology present exciting new solutions to enable better collective responses to the climate and related ecological challenges. More, tailored software, using AI technology, may be used to engage citizens and enhance democratic decision-making around the world in connection with the global climate and ecological challenges, as some governments strive to ensure maximal citizen engagement in and commitment to the significant economic and social changes that may be necessary for sufficient climate/environmental action.


Soushiant Zanganehpour, Founder and CEO of Swae was invited to present his observations on the subject of “Can Democracy Save the Environment?”

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Can Democracy save the Environment: A Talk to the Council of Europe & World Forum for Democracy

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Why DAOs Matter

Why DAOs Matter

Jul 25, 2022 | Blog, DAO & Decentralized Governance, Editor Picks

Home > Blog

Why DAOs matter so much to Swae’s Mission

[And what is the future of DAO Governance?]

6 min read  July 2022

The backstory to Swae’s pivot towards DAOs

by Soushiant Zanganehpour @Soushiant

Wait, what the heck is a DAO?

Imagine a group of people who collectively own a bank account and make group decisions about how to use the funds inside – That’s the simplest way to explain a DAO.

A decentralized autonomous organization (or “DAO” as they are called) is a new type of organization, similar in nature to a cooperative, where all the members have the right to participate in important decisions based on their ownership percentage (expressed in the amount of tokens they hold) in the DAO.

DAOs differ from a traditional enterprise because they don’t have a formal hierarchy or leadership layer. There is always a core team that creates a DAO but, when the DAO is up and running it is structurally, and legally designed to be flat, to allow all token holding members to create proposals, vote and debate ideas, and participate in decision-making.

Rather than being governed by a limited group, DAOs use a set of rules written down in code which are enforced by “smart contracts” and a network of computers running a shared software linked to a blockchain. This offers members a built-in model for the collective management of a DAOs code and assets.

To ensure fairness, voting power is distributed proportionally to the amount of tokens each member holds- there’s no central actor who can affect the DAO’s decisions, spending or outcomes. There is no single point of control, and no single point of failure- that’s true decentralization.

the big picture

How important are DAOs? 📈

Simply put, DAOs are the future of new communities in the Web3/Crypto ecosystem.

Despite the issues in today’s financial markets, DAOs have been growing at an unprecedented rate, going from $0 in 2020 to $13B Market Cap in under 2 years.

$13 Billion

2022 Market Cap

Currently (July ‘22) there are…

4834

Active DAOs

56.6k

Decisions made

1.7 Million

Governance Tokens Held

662k

Active Voters & Proposal Makers in the DAO Ecosystem

Decisions, decisions

Ok, but what do DAOs have to do with Swae? 🤝

DAOs are the ripest testing grounds for bottom-up decision making.

Swae was founded to give everyone inside an organization an equal voice in raising solutions and shaping decisions – an experience that is foreign inside most traditional organizations.

DAOs exist to make important decisions in a collective manner, automatically giving participatory powers to asset holding members of the DAO.

Nowhere do we see a greater opportunity for Swae’s ambitions and vision to be realized than within the world of Web3 with the explosive growth and mainstreaming of DAOs.

Inclusion, transparency and accountability are critical features to how a DAO functions and is governed.

These principles are built into the organization’s DNA and they closely resemble what Swae has digitized with its software to help organizations make collective decisions.

the challenge

The challenges of implementing bottom-up decision-making in corporate environments 🤌

Swae has proven that there is tremendous unrealized value to harness for any organization, simply from tapping into the collective intelligence from within.

Working with various types and sizes of client, we now know that creating an immersive and permissionless space for debate and bottom-up solutions allows any organization to stay on top of issues and air out tensions. This helps keep employees’ morale high, engagement booming, and the number of high quality creative solutions to existing problems flowing, ultimately impacting financial performance.

To highlight a couple of examples:

⦿ Lifelabs found over $200k in operational savings in less than 30 days all because the Swae methodology included people that were normally not part of a decision making process to contribute creative solutions to a very tricky operational problem.

⦿ The Swae process has also helped much larger organizations like the United Nations crowdsource over 750 strategy suggestions in less than 3 weeks to help them publish a fresh and diverse strategic plan for the next several decades of their existence – ideas that were cultivated from those that typically don’t have a voice at the decision making table.

These implementations have proven that a bottom-up system of sourcing decisions can be as good as the current top-down processes that dominate most organizations. At a minimum, it shows that the immersive and bottom-up process that Swae enables can live side-by-side with top down processes, complementing what is in place, ensuring those who are traditionally left out (due to language capabilities, time, or access to networks or clout) have a chance at participating and shaping decisions, so their unrevealed insights may ultimately benefit the organizations that employ or are responsible for them.

Despite all the positive outcomes from Swae, pilot after pilot also helped clarify how reluctant, apprehensive, and concerned most existing leaders are in traditional enterprises about creating too much inclusion in their workforce – worrying about the consequences of too many voices being aired on potentially sensitive topics without significantly controlling the conversations.

Swae is too big of a cultural leap forward for many corporations (for now).

Despite the resistance, DAOs have been openly embracing and loving what we have built with Swae. The also represent a much more culturally aligned type of organization that urgently needs Swae to support more efficient management of decision-making and governance issues. 

the future of decision making

DAOs + Swae ❤️

DAOs currently face a lot of problems with collective decision making. The combination of Web2 and Web3 tools they use are not specifically designed to help coordinate decision-making within their communities. Currently in most DAOs, there isn’t a standard or streamlined way for DAOs to actively track ideas, conversations, proposals, and votes on a single platform.

Most DAOs use use a combination of communication and offline voting tools like a Discord, Telegram, Discourse, and Snapshot.

These lead to a lot of manual idea tracking and movement from one platform to another. DAO users get overwhelmed, spend too much time digging through threads to stay updated, and become disengaged, weakening DAOs who lose talent, ideas, and resources.

Swae provides DAOs with an all-in-one, collective decision-making and governance platform that helping DAOs simplify the collection and prioritization of decisions within their communities.

Swae’s platform and proposal development system can significantly improve the inefficiencies and poor user experience associated with raising, deliberating, and voting on proposals using standalone tools (like Discord, Telegram, Forums and the like), that were never intended to be end-to-end decision making and governance platforms.

Swae’s features help DAOs coordinate their members to raise polls, create and collaborate on proposals, collectively improve them through a structured debate, and vote on them all in one place. This helps DAOs avoid needing several platforms they currently use (like Discord, Discourse, Snapshot/Tally), and can thrive with just one tool (not 10).

Decentralized decision making made easy

Swae is the all-in-one decision making and governance tool empowering the next generation of Web3 DAO communities

Customer success stories

DAOs using Swae ⚒️

While Swae started out as an idea management platform for large enterprises and smart cities, and since the product has been sector agnostic, DAOs have found the platform and feature set to be a real source of pain relief from using makeshift tools in managing, tracking and actionizing ideas in a collective environment.

So far we have been great results and currently have 3 DAOs already using Swae.

Most recently, we’ve been working with Decentralized Autonomous Organizations, to help them allocate investments and select grant projects through a community-driven and vetted voting and selection process. Swae helped DAO SingularityNet select 12 novel projects and allocate $1M worth of Grants towards them, and OpenExo to allocate over $3M worth of funding to 40 community-driven projects using Swae (learn more from Swae’s Case Studies).

Future scenario

Future Implications – What happens if DAOs succeed? 🌐

Whatever direction the world goes in and we head towards, we must all accept that our current systems for decision-making are less and less fitted for our communication and cultural era. We need new structures, processes and improved participation methods in order to create new solutions that prioritize and give political weight to ideas that advance community needs, over the narrow interests of the privileged few at the top.

If DAOs are successful in coordinating decisions and actions amongst disparate groups of people efficiently, they can have a very disruptive impact on traditional organizations and legal models.

Whatever the future holds, DAOs present the right opportunity to prove that a bottom-up decision making process is not only possible but useful and valuable, and we’re absolutely thrilled to support these experiments using Swae.

Venturing deeper into the DAO space will be our next big technological evolution of the product.

We’re so excited. 🚀

Watch this space!

More to explore…
Swae Sessions | Can Democracy Save the Environment?

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Swae sponsors innovative Blockchain community Rutanio – enabling a commercial Columbian ecosystem that fosters Entrepreneurship & Creativity

Swae sponsors innovative Blockchain community Rutanio – enabling a commercial Columbian ecosystem that fosters Entrepreneurship & Creativity

Apr 11, 2022 | 4 min read, Blog, DAO & Decentralized Governance, Future of Work & AI, Press Releases

Swae sponsors innovative Blockchain community Rutanio – enabling a commercial Columbian ecosystem that fosters Entrepreneurship & Creativity

4 min read, 11 April 2022

FOFO business leaders not listening

Swae partners with Rutanio to support their process for broader distribution of RUTA tokens towards innovative entrepreneurial grant projects enabling community-based decision-making

The Vision: A Participatory and Knowledge-based Economy 

Medellín, Colombia, is in the process of engineering its reinvention. In less than three decades, it’s attempting to reposition itself from a hotbed for cartel violence and “the most dangerous city on earth” to the “Silicon Valley of South America.”

At the forefront of this transition is the Ruta N center, an innovation hub responsible for spearheading and coordinating the transition to a more prosperous and future-compatible economy. 

Ruta N’s job is to connect people, businesses, and companies to create new economic opportunities while supporting progressive and innovation-friendly public policy development to encourage digital acceleration and entrepreneurial growth. The organization cooperates with different international organizations to bring disruptive solutions to the city. They’ve created a hub, academy, and Distributed Innovation Platform to experiment with technologies and develop capacities to execute projects in a creative learning environment for innovative initiatives that will connect with global innovation and entrepreneurship communities.

Medellín, the city of eternal spring and the second-largest city in Colombia
(Credit: Rutanio)

Entrepreneurship and innovation have grown to become essential pillars for future growth in the city’s region of Antioquia and nationally in Colombia.

As such, the Ruta N group is trying to shape a model where innovation is the primary driver of the economy and well-being of Medellín, with the mission to transform the city into a “knowledge economy” working closely with the government and other industry-leading stakeholders.

“What makes Ruta N unique is that this is an initiative backed up by public policies, and we are working on innovation and technology for almost 10 years because Medellin thinks that if we have a sustainable economy, this needs to be based on knowledge,” said Sin Kit, CTi solutions developer at Ruta N.

Elkin Echeverri Garcia, the former planning and foresight director at Ruta N, said that “The system we’re searching for isn’t to have more unicorns or to win the Nobel Prize…but to improve the standard of living.”

Rutanio and the RUTA Token: The MVPs of this Future Vision 

The Rutanio Project is an initiative catalyzed by Ruta N, supported by Medellín’s Mayor Federico Gutiérrez and local startup advisors, international Colombian business leaders, and diaspora community members.

The goal of the Rutanio project is to create a “Minimum Viable Economy” through the use and proliferation of an Innovation Token, the RUTA, which will facilitate the exchange of services, force digital adoption and digitization, eliminate high transaction costs, and generate value in the knowledge and innovation economy.

Rutanio intends to internationalize and accelerate the ecosystem of innovation, entrepreneurship, and creativity to provide the world with a simple, transparent and reliable way to access resources, capabilities, and talent.

Rutanio has developed the RUTA, a Complementary Digital Token and network that uses cryptographic techniques and provides top security to prevent counterfeit or duplication of token transactions. The purpose is to allow and facilitate, both in public and private sectors, the exchange of services, support of profit systems, elimination of friction in transactions, and generation of value in the knowledge and innovation economy.

Rutanio has also developed a blockchain ​​platform for the RUTA social token and an exchange market that desires to foster connections and support progressive entrepreneurial development. You can learn more about Rutanio and its mission by watching this video here.

Swae’s Role in Supporting a New Economic System Built on Collective Decision-Making

The Rutanio team initially approached Swae to request access to the platform to begin decentralizing decision-making and helping them include their community in important strategic decisions. Originally, they planned to invite their community members into a grant funding program to request RUTA tokens to build projects and initiatives that improve the value of the entire Rutanio ecosystem, and the usability of the RUTA token, for every member. 

Since Swae was built to provide everyone inside an organization an equal voice to raise solutions and shape decisions to create an inclusive decision-making environment, we chose to sponsor an annual license for Rutanio to help them realize their mission. 

Rutanio will utilize the Swae platform to help them: 

    1. Collect feedback from community members.
    2. Increase knowledge and adoption of blockchain technology in the city.
    3. Generate business opportunities.
    4. Accelerate the development of the technological capabilities of ecosystem members.
    5. Advance regulatory issues for distributed ledger technologies.
    6. Democratize and internationalize the Ecosystem of Innovation Articulated by Ruta N.

Swae’s collective intelligence, collaboration, and crowdsourcing features will allow members of the Rutanio community to create proposals anonymously with the support of AI that will improve the quality of those proposals and then open them up for the input of the larger community. The crowdsourcing feature will enable the proposals to be debated on their merits, edited with others’ perspectives, and voted on by all active members of the community. The proposals that receive the highest engagement (positive or negative) automatically percolate upwards to a decision by the Rutanio Community Council to fund the projects with RUTA tokens.

Using Swae, community members can apply for 3 streams of funding:

  • Less than 250,000 RUTAs
  • Between 250,000 – 750,000 RUTAs
  • More than 750,000 RUTAs

The process set up by Swae helps Rutanio’s Community Council gather a greater level of truthful input, arguments, and data points to improve proposals to drive distribution and usability of Rutanio without creating a tremendous burden of added work for the members.

This new space facilitates community-driven decision-making, giving their community an intelligent decision-making platform combining anonymity, artificial intelligence, and collective intelligence to help the organizations unleash the creativity of their members and make better quality decisions.

How Swae’s Technology Supports Tokenized Communities and Facilitates Bottom-Up Decision-Making

As more and more tokenized communities/Decentralized Autonomous Organizations (DAOs) seek to build genuinely community-driven programs, Swae is poised to become the platform to support these efforts. The uniqueness that Swae brings is that it’s much more than a crowdsourcing and voting platform; it’s a robust, community-driven, and consensus-building platform that enables decision-making driven by collective intelligence. 

The world of Web3 and the explosive growth of Decentralized Autonomous Organizations (DAOs) will be a hotspot for experimentation around community governance. 

The features and functions that Swae offers that benefit tokenized communities includes, but are not limited to, the following: 

  • Rich formatting options when creating proposals
  • The affinity with AI-supported tooling, such as the NLP writing tools built-in
  • The ability to contribute Proposals, Comments, and Suggestions anonymously, allowing the difficult things to be said openly and discussed 
  • Interactions are fully accountable and transparently tracked to allow for open community-based interactions
  • The team at Swae can collaborate for customized developments within the platform that can enhance roadmaps and allow for the co-creation of more elaborate new features as desired.

Today provides a unique opportunity for Swae to become the grant management and governance platform of choice that can support progressive DAOs (Decentralized Autonomous Organizations) across the globe. 

The blockchain business models of DAOs are forging a promising new ecosystem for the exchange of services (internationally), entrepreneurial projects, and other digital startups. Swae strengthens a DAOs community by allowing more people to have a say in the decisions being made, providing an open and safe space where there’s accountability for the decisions and processes implemented, and a place to document outcomes creating an ongoing learning-based system of what works and what doesn’t. 

Swae sees the city of Medellín and Rutanio’s innovation and development center as progressive concepts. Many regional and local systems can mirror this approach to help solve real problems that provide a benefit to society and generate value through an open, collaborative and multidisciplinary approach. 

Swae is a powerful tool for bottom-up and community-led governance to structurally and culturally prepare governments and organizations for a management philosophy that is less hierarchical and where everyone can be included. 

At its fundamental essence, Swae provides organizations, government agencies, and DAOs an end-to-end proposal development and collective decision-making system, helping the collective users make sense of their members’ desired wants and needs, revealing hidden opportunities for consideration, and turning these into positive implementations.

As more and more tokenized communities & DAOs seek to build genuinely community-driven programs they need more sophisticated and transparent systems to help build trust and progression. 

Swae is much more than a crowdsourcing and voting platform; it’s a robust, community-driven, and consensus-building platform that enables decision-making driven by collective intelligence.


Soushiant Zanganehpour Swae Founder and CEO

Swae_io_Logo

Swae is helping organizations across the world to solve today's problems and generate tomorrow's strategy. Our clients are finding that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce. We'd love the chance to show you how Swae can 'pay off' for you...

Ready to learn how Swae can help your organization?

Schedule a Demo now
FIND OUT MORE >

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Swae Chosen as SingularityNET’s DAO Grant Funding Platform –Helping Distribute $1M in Grants for Newly-Launched Deep Funding Program

Swae Chosen as SingularityNET’s DAO Grant Funding Platform –Helping Distribute $1M in Grants for Newly-Launched Deep Funding Program

Mar 29, 2022 | 8 min read, Blog, DAO & Decentralized Governance, Press Releases

Swae Chosen as SingularityNET’s DAO Grant Funding Platform –Helping Distribute $1M in Grants for Newly-Launched Deep Funding Program

Swae’s platform will also support SingularityNET’s plans for progressive decentralization and community-driven governance for their DAO

7 min read, 29 March 2022

FOFO business leaders not listening

Swae, a Vancouver-based technology startup operating a bottom-up idea management and decision-making platform, has been chosen by SingularityNET’s executive team to support their Deep Funding grant allocation program, which offers their token holders from around the globe a chance to apply for up to $1M in grant funding for winning AI projects.

The Deep Funding program intends to distribute up to $1M USD equivalent value in AGIX tokens (valued at 0.11 USD per token) in the first funding round between March and May 2022. These rounds are expected to grow in size and scale after this initial implementation.

A budding partnership to power next generation DAO governance and their plans for progressive decentralization and community-driven decision-making

About SingularityNET’s DeepFunding.AI Grant Program

The Deep Funding program is an initiative from SingularityNET to seed the decentralized AI platform. In this program, they will offer a total of $1 Million in grants in round one. The project is searching for AI and app developers working on innovative AI products that will help grow the AI platform, to send in their proposal. The chosen project winners that will receive funding will keep ownership of their AI model, and be able to monetize their intellectual property and contribute to building a global ecosystem of decentralized AI (see DeepFunding.ai).

Hear about the Deep Funding Program directly from SNet’s Founder, Dr. Ben Goertzel

The Community’s Role in the Deep Funding Program

Deep Funding is intended to be a genuinely bottom-up and community-driven program where community involvement is essential for reviewing proposed grants and projects to ensure the best make it to the top.

Community members are invited to submit new grant proposals, read and review other proposals that come in, and help improve them through collaborative edits to help make the proposals cleaner and without errors. Collaboration will include the ability to point out strengths, risks, ask questions, as well as rate them against other idea proposals.

The collection of constructive and collaborative changes will signal to the wider community which proposals are gaining the most traction and are best positioned to be considered for an official vote and potential grant win.

Through the process of collective intelligence and constructive criticism from the community, the best proposals and projects will be prioritized and supported to implementation, and SingularityNET will begin practicing how best to implement community-driven governance for its DAO.

 

How Swae Powers the Deep Funding Program

Using Swae, Singularity NET will invite proposing teams and community members the following top goals: 

  • The program will gather a constant supply of high quality AI project proposals that are a good fit for the Deep Funding Program
  • Create continuous and constructive community involvement
  • Prepare for scalability to support a longer term program potential

AI project teams from around the world will use Swae to introduce themselves and promote their project proposals into the greater community and receive valuable feedback.

The projects that are chosen as grant winners will receive funding through grants to develop their AI project using AGIX tokens from SingularityNET’s DAO platform called SingularityDAO.

Once the winning projects have been funded, the winning teams will launch their AI service on the decentralized AI-platform to start monetizing their service. There are two levels of grants that will be offered in round one:

1) $500.000 USD of AGIX will be distributed for smaller proposals with a maximum of 40.000 USD worth of AGIX per proposal

2) $500.000 USD In AGIX distributed to larger proposals with a maximum of 150.000 USD worth of AGIX per proposal.

See https://deepfunding.ai for more details. 

 

Why Swae was Chosen to Support the Deep Funding Program

Swae was chosen by the SingularityNET team as they found Swae to have all their desired features and function sets. They’re seeking to build a genuinely community-driven program, and Swae is much more than a crowdsourcing and voting platform, it’s a robust community-driven and consensus-building platform that enables decision-making that’s driven by collective intelligence. Swae was chosen for many reasons, including:

 

  • Rich formatting options when creating proposals
  • The affinity with AI-supported tooling such as the NLP writing tools they already have built-in
  • The ability to contribute Proposals, Comments or Suggestions anonymously- allowing the difficult things to be said.
  • The way that interactions are fully accountable and transparently tracked is a solid starting point for community-based interaction.
  • The willingness of Swae’s team to collaborate in developing the platform gives the SingularityNET foundation and community an opportunity to enhance their roadmap, or even co-create with them, on the development of elaborate new features.

Pictured above shows Swae’s AI capabilities and reviewing process, whereby users benefit from various NLP AI algorithms to improve the quality of their initial proposal or idea. Some of Swae’s algorithms improve basic grammar, tone, sentiment and emotion, and more advanced algorithms under production will help detect bias in language and suggest evidence to further strengthen their ideas.

“Swae’s bottom-up, self-organizing-creativity based philosophy has proved a great match for our decentralized cross-disciplinary organization. Their active embrace of web3 technologies promises to position them excellently as leaders in idea management for the emerging decentralized tech ecosystem.

We’ve started out at SingularityNET with Swae as a framework for a community-driven grants program, DEEP Funding, but are now exploring further potential uses of the platform within our ecosystem. The miracle of Swae is the judicious product design that provides enough structure to guide the creative collaboration and decision process, but not so much structure as to become constraining and bureaucratic.

My colleagues and I are excited to continue exploring what Swae can enable as the platform grows and adds new features.

Swae_Dr_Ben_Goertzel
Dr Ben Goertzel CEO of SingularityNET

“Deep Funding is a very important initiative for SingularityNET and the growth of our AI platform. But it is more than that. I see Deep funding as a catalyst and experimentation ground for community governance.

We want Deep funding to become a true community driven initiative eventually evolving into a full DAO. Therefore I am extremely happy with the feature set and capabilities of Swae. We count ourselves lucky to have found such a great partner that feels like an extension of our own team.

With our joint collaborative and innovative approach and the constructive feedback of our community, I am confident we will be able to develop Swae even further into the best tool for governance processes of Decentralized Autonomous Organizations.


Jan Horlings, VP of Products at SingularityNET

Swae was founded to give everyone inside an organization an equal voice in raising solutions and shaping decisions – something that is currently foreign and missing from most experiences inside small and large hierarchical organizations.

We want to prove that a bottom-up system of decision sourcing can be as equally good or more effective than the top-down processes we have in place today in most organizations.

Nowhere do we see a greater opportunity for our ambitions and vision to be realized than within the world of Web3 with the explosive growth and mainstreaming of Decentralized Autonomous Organizations (DAOs).

Soushiant Zanganehpour Swae Founder and CEO Swae_io_Logo

Deepfunding program is designed to support new ideas in decentralized AI. We are happy to be able to contribute to the benefit of the next generation of projects across the globe. Our NLP work at Swae is truly making the future possible as we observe current AI solutions helping to create new ones.


Vlad Sokol Head of AI & Engineering 

About SingularityNET

SingularityNET is one of the most ambitious web3, blockchain, and AI projects ever conceived in the world. 

Lead by Dr. Ben Goertzel, former Director of Research of the Machine Intelligence Research Institute, former scientist and chairman of AI software company Novamente LLC; chairman of the OpenCog Foundation; and former Chief Scientist of Hanson Robotics, the company that created Sophia the Robot, SingularityNET intends to combine artificial intelligence and blockchain to democratize access to artificial intelligence.

SingularityNET features a decentralized AI platform that enables developers to monetize their AI services on a global market without sacrificing ownership.

The next cornerstone of the AI platform is ‘AI-DSL’, a protocol that allows individual AI services to dynamically find and communicate with each other, forming ad-hoc collaborations that are capable of much more complex tasks than any individual service would be.

This way, the project aims to remove one of the major limiting factors to AI growth today — the lack of interoperability — which severely restricts the ability to leverage the strengths and capabilities of individual AIs. The Sophia robot, the world’s most expressive robot, is one of our first use cases of this vision.

SingularityNET’s vision is to combine AI and blockchain to create a decentralized marketplace for different types of AI. This ecosystem is powered by the AGIX token that enables companies, organizations, and developers to buy and sell AI, but will also facilitate large numbers of autonomous transactions between all individual ai services. This capability will be further enhanced by HyperCycle, a novel Cardano Sidechain protocol, specialized in decentralized AI and capable of supporting the massive number of transactions needed for the future AI economy. SingularityNET’s “AI-as-a-service” aims to become the key open-source protocol for networking AI on the internet. A long term goal is to form a coordinated Artificial General Intelligence within the market network. It is an ambitious mission but the whole AI field is in its infancy (see SingularityNET.io).

In December 2017, @SingularityNET carried out an Initial Coin Offering (ICO) to raise funds for its ambitious vision and project. It is reported that their ICO was fully subscribed and raised $36 million USD in just 60 seconds! The Singularity team reported that the crowdfunding was capped after receiving $361 million in investor interest on its white list from more than 20,000 erstwhile investors.

For more info about SingularityNET, watch Dr. Ben Goertzel presenting SU Net at the World BlockChain Forum

About Swae

Swae is an idea management and decision-making platform that reveals solutions to problems directly from employees or stakeholder groups.

Founded in 2018, in Vancouver Canada, Swae’s platform disrupts the traditional hierarchy found within large organizations and provides a transparent and inclusive hub for ideation and collaboration. The combination of collective intelligence, AI and anonymity provide the foundation for users to provide critical feedback, improve ideas and vote on which ones move forward.

Organizations around the world use Swae to bring all voices to the table so they can uncover and benefit from the untapped collective intelligence from within.

For more information, visit www.swae.io or contact Swae’s Media Relations Team here.

Swae is helping organizations across the world to solve today's problems and generate tomorrow's strategy. Our clients are finding that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce. We'd love the chance to show you how Swae can 'pay off' for you...

Ready to learn how Swae can help your organization?

Schedule a Demo now
FIND OUT MORE >

BOOK A DEMO >

ASK A QUESTION >
More to explore…
Swae Sessions | Can Democracy Save the Environment?

Swae Sessions | Can Democracy Save the Environment?

Swae SessionsCan Democracy Save the Environment [A Talk to the Council of Europe & World Forum for Democracy]Live on Crowdcast and On Demandby Soushiant Zanganehpour @Soushiant Founder & CEO of Swae During this free webinar, you will learn:xLast year, The...

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