DeFI News by Thebittimes.Com

Blockchain companies are building AI chatbots to help developers, yet challenges may hamper adoption. The artificial intelligence (AI) market is becoming one of the fastest-growing industries in the world. According to market research firm Next Move Strategy Consulting, the current AI market is valued at nearly $100 billion and is projected to grow exponentially.  Given this, it comes as no surprise that chatbots using AI are also on the rise. Recent findings from Precedence Research show that the global chatbot market size reached $840 million in 2022. AI chatbots for Web3 developers in the works As opportunities around AI and chatbots flourish within various industries, the Web3 sector has also started to capitalize on this trend, with blockchain companies creating AI chatbots to help developers build applications faster and more efficiently.  Aanchal Malhotra, head of RippleX Research — an organization within Ripple focused on the development and growth of the XRP Ledger — told Coi...

From insurance to telehealth, smart contracts are finding use cases across the healthcare industry. Smart contracts are self-executing lines of code that run atop blockchains and are triggered once a set of predetermined conditions are met. They are used to automate the execution of online agreements without the involvement of third parties. Today, they are used across many industries, including the healthcare industry. The healthcare sector stands to benefit a lot from the widespread implementation of these self-executing programs, especially when it comes to streamlining arduous manual processes, automating bureaucratic procedures and alleviating issues caused by human error. Today, many healthcare institutions rely on highly centralized conventional management systems to handle sensitive tasks such as record keeping, transactions and correspondences. While some traditional systems can undertake some of the tasks exceptionally well, many of them are prone to failure due to limited i...