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Blockchain Press Releases

EvoluteIQ Unveils EIQ 6.0, Enriched with GenIQ and GIQ Copilot, Democratizing AI Access for Enterprises




STOCKHOLM and BANGALORE, India, Aug. 17, 2023 /PRNewswire/ — EvoluteIQ, a leader in end-to-end intelligent business automation for global enterprises, announced the launch of its latest platform release, EIQ 6.0. With enhanced generative AI capabilities, GenIQ delivers a comprehensive AI framework with GenAI integration, designed to enhance functionality, and achieve more productive automation solutions. EvoluteIQ also unveiled GIQ Copilot, a conversational GenAI module that helps citizen developers build any application, forms, rules, and interactions with simple conversational commands.

This latest release of EIQ 6.0 democratizes access to AI offering customers improved ability to integrate generative AI while accelerating application potential. The new enterprise tools empower customers to experience AI-driven automation, enabling scalability, reduced complexity, seamless operations, and cost savings. The flexibility of the EIQ 6.0 platform empowers customers to foster greater innovation and transform their business processes end-to-end.

“With EIQ 6.0, we are helping enterprises unlock new heights of efficiency and productivity by redefining the possibilities of true end-to-end intelligent business automation. The GenIQ release enables organizations to harness the true potential of their data within their firewalls, thus ensuring they create models that are unique to their business and ensure competitive advantage. Our foundational models and generative experiences will drive our customers to explore new possibilities and accelerate business transformation. We believe that the continuous evolution of AI-powered automation holds the power to support our customers and partners to achieve their short and long-term business goals,” expressed Sameet Gupte, Cofounder and CEO, EvoluteIQ.

The GenIQ Framework 

GenIQ is an all-encompassing AI framework that offers a wide range of capabilities, including text generation, translation, content rewriting, classification, summarization, and information extraction. It is built upon a powerful foundation of pre-trained large language models (LLMs) and generative pre-training transformer (GPT) models, which provide ready-to-use solutions and enable various tasks in the field of natural language processing.

In addition to text generation, GenIQ includes a beta version of image generation, to expand the framework’s potential applications and providing users with a broad-based automation solution. 

GenIQ not only offers generative AI capabilities, but also offers non-generative LLMs & transformers apart from extending traditional ML models. For instance, NLP nodes for text identification/labelling, extraction, sentiment analysis, and more, are out-of-the-box activities that can be defined under ML flows and used in process, data, or event flows through simple parameters. 

GIQ Copilot

GIQ Copilot is a conversational GenAI that serves as an interactive conversational assistant, facilitating the development of diverse applications, encompassing form creation, rule implementation, and interactive functionalities solely through natural language conversations. The Copilot provides diverse text-based generative applications and conversational AI features such as chatbot and question-answering functionalities on existing documents and data. 

For example, GIQ Copilot allows customers to easily build an app to automate their onboarding with a Salesforce account using simple instructions given by the user. It integrates with their Salesforce account to build a simple approval-based process flow automating customer onboarding by creating the necessary forms and Create, Read, Update and Delete (CRUD) operations.

Use Cases of GenAI and GIQ Copilot

EIQ 6.0 uses the power of GenAI through LLM and transformer technologies to offer a range of valuable use cases. These include business rule definition through document analysis, development assistance with suggestions and code quality alerts, automated testing, AI-augmented portfolio analysis, chat interface for analytics queries and report generation, and predictive maintenance of processes. EIQ 6.0 builds upon these capabilities, enhancing the overall functionality and providing organizations with more structured and effective intelligent business automation solutions.

The implementation of EIQ 6.0 is expected to yield remarkable benefits for organizations. With advanced technologies, EIQ 6.0 helps achieve a 90% reduction in error rates, ensuring better outcomes and minimizing costly mistakes. Additionally, it drives a significant 97% improvement in customer journey cycle times, and an average of 40% reduction in operational costs.

About EvoluteIQ

EvoluteIQ is on a mission to revolutionize and democratize digital business for enterprises with our EIQ Platform. Our integrated intelligent business automation platform empowers organizations to create exceptional user experiences through process orchestration, RPA, data, and event processing, AI/ML, enterprise connectors, and front-end application development. Our user-centric approach ensures that even non-technical users can drive digital transformation with ease, thanks to our intuitive low-code/no-code interface.

EvoluteIQ is supported by Nordea, Confidus VC & Round2Capital, operating globally with headquarters in Stockholm, Sweden, and a prominent presence in the UK, US, and India.

For more information about EIQ 6.0, visit

Media Contact:

Vibha Krishnan
[email protected] 


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Blockchain Press Releases

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology




Singapore-based blockchain pivots to artificial intelligence to unlock new frontiers in blockchain efficiency, scalability, intelligence, and security; and deploys $50 million ecosystem fund to support the AI transformation initiatives.

SINGAPORE, April 12, 2024 /PRNewswire/ — In a transformative move for the blockchain industry, aelf, a pioneering blockchain network, has announced its strategic shift to integrate artificial intelligence (AI) within its blockchain. This significant leap forward marks the beginning of a new phase for the aelf blockchain, transitioning from a decentralised network to a vibrant ecosystem enriched with state-of-the-art AI models and agents, broadening its functionalities and enriching user experiences.

“The integration of computation, LLM (large language model) and agents within the aelf’s blockchain is not just an enhancement; it’s an evolution,” stated Auric, Founder of aelf. “7 years ago, we have identified blockchain’s future and been relentlessly developing modular systems, parallel processing, cross-chain bridges and cloud-native architecture, which are now what the industry has been talking about. Now, we envision AI as the next catalyst for the future of blockchain and are determined to be the first in Asia to bring this evolution to fruition. This AI transformation is about cultivating a self-evolving system—a smarter, self-learning blockchain where each new block is more advanced than the last.”

To nurture and accelerate the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will be strategically deploying its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. With the roll-out of developer-friendly toolkits, aelf will further catalyse this AI blockchain innovation by empowering the community to utilise those new technologies for data pre-processing, model training, fine-tuning and deployment, agent development, on-chain deployment and monetization with the aelf blockchain environment.

Existing projects and games on the aelf blockchain are set to integrate these AI capabilities while new projects will benefit from aelf’s robust foundation, offering a dynamic and responsive blockchain ecosystem that delivers enhanced efficiency, strengthened security protocols, and sophisticated intelligent automation.

This AI transformation embodies aelf’s commitment to fostering an environment of continuous innovation and maintaining its position at the forefront of blockchain technology. With a steadfast dedication to expanding its capabilities, aelf remains focused on generating user-centric value and propelling the entire blockchain domain forward.

About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network.

For more information, visit

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Blockchain Press Releases

Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition




SINGAPORE, April 12, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue unveiled a new competition available to all users on the platform that comes with a total prize up to $850,000 USDT in a recent X announcement.

The contest is being held in honor of the much anticipated Bitcoin Halving – an event that occurs once every four years to regulate the supply of new BTC entering the digital asset economy, and helps ensure long-term value through scarcity of supply.

The competition will rank traders according to their trading volume on the exchange during the contest period. The competition begins on Thursday April 11th and will continue until the halving event occurs (estimated April 20th). The prizepool will increase according to the number of valid participants in the competition, with the grand prize winner set to take home 25% of the total reward (212,500 USDT). All participating users will have a chance to win prizes regardless of their final rank.

With all eyes on this historic event, Bitrue is thrilled to be able to offer an exciting and rewarding way for its 10 million users to mark the occasion and provide them with an opportunity to earn a life changing amount of money. Interested parties should sign up on the Bitrue exchange now in order to be ready for when the contest goes live on April 11th.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.

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Financial industry bodies defend permissionless blockchains against Basel Committee’s classification




Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.


The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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