Connect with us
European Gaming Congress 2024

Blockchain

EU Commission urged to prepare for blockchain and AI integration

Published

on

eu-commission-urged-to-prepare-for-blockchain-and-ai-integration

The European Union (EU) has been advised to prepare for the convergence of blockchain technology and artificial intelligence (AI).

The European Blockchain Observatory and Forum (EUBOF), an initiative by the European Commission, has been monitoring and analyzing blockchain developments across Europe. On May 24, EUBOF published its final report, authored by the Directorate-General for Communications Networks, Content and Technology. The report emphasizes blockchain’s potential to integrate with other technologies and drive innovation.

EUBOF identified a strong trend of blockchain and AI convergence. It highlighted that secure storage of sensitive AI data sets on blockchain could be particularly beneficial in sectors like healthcare and finance, where data security is crucial.

Additionally, the convergence of blockchain and AI can facilitate decentralized AI networks, which can reduce the risk of data monopolies and encourage collaborative AI development. The report further noted that AI could enhance smart contract functionality, applicable across various industries.

Advertisement

The European Commission’s study also acknowledged the ongoing growth of the decentralized finance (DeFi) ecosystem, anticipating the launch of new protocols and applications. EUBOF expects blockchain technology’s inherent interoperability, sustainability, and energy efficiency to drive its continued adoption.

To support this development, EUBOF made several recommendations, including acting as a global knowledge hub for blockchain, strengthening Europe’s engagement with various stakeholders, and addressing issues arising from new innovations.

Coinciding with EUBOF’s report on May 24, the EU announced plans to amend the regulation governing the European High Performing Computer Joint Undertaking (EuroHPC), which oversees the use of supercomputers for AI development. EuroHPC manages nine supercomputers across Europe, developed since the initiative’s inception. The proposed amendment will support the development of new AI factories.

Willy Borsus, vice-president of Wallonia and minister for economy, research, and innovation, stated, “Unity is the strength of Europe, and together we have achieved great goals. We have seen this with the development of our world-class supercomputers, and now we want to boost the outcomes of these powerful machines through trustworthy AI.”

Under the new regulation, hosting entities can receive up to 50% of the acquisition and operational costs of AI supercomputers from the EU. Ownership of these machines can be transferred to the hosting entities five years after acceptance testing.

Advertisement

Source: cointelegraph.com

The post EU Commission urged to prepare for blockchain and AI integration appeared first on HIPTHER Alerts.

Continue Reading
Advertisement

Blockchain

Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision

Published

on

everdome-and-alpine-web3-redefine-fan-engagement-with-bold-metaverse-vision

Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.

As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.

Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.

Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.

Advertisement

This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.

Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.

Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.

“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’

Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.

Advertisement

“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’

Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.

The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034

Published

on

blockchain-technology-market-size-to-achieve-usd-1,879.30-billion-by-2034
Continue Reading

Blockchain

Blockchain Technology in BFSI Market Is Expected To Reach a Revenue Of USD 258.2 Bn By 2033, at 46.0% CAGR: Dimension Market Research

Published

on

blockchain-technology-in-bfsi-market-is-expected-to-reach-a-revenue-of-usd-2582-bn-by-2033,-at-46.0%-cagr:-dimension-market-research
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE