Cardano Takes Big Leap With AI To Revolutionize Multi-Trillion Dollar Healthcare Industry
- Cardano incorporates AI as part of its diverse use cases after its latest partnership.
- The robot named Grace is fluent in English and Korean and is designed to cater for the needs of elderly persons.
- Cardano was chosen for its enterprise-grade privacy and security features that put it ahead of other blockchains.
Cardano makes its first foray into the field of Artificial Intelligence after the announcement of a partnership with Awakening Health. The android robot has several functionalities that enable her to perform the duties of a caregiver to the highest standard.
Meet Grace
Grace was designed by Awakening Health, the brainchild of a joint venture between Hanson Robotics and SingularityNET. The android takes the form of a female Asian healthcare worker and was programmed to offer basic medical care to elderly and other convalescent patients.
Grace’s internal design gives her the ability to be fluent in English, Cantonese, and Korean languages while maintaining a high level of social awareness. She achieves this by being able to accurately gauge the nature of interaction and intuitively responding with empathy. Grace can perform basic medical functions like taking a patient’s temperature through the use of a thermal camera implanted in her chest and proffer a diagnosis.
According to Ben Goertzel, CEO of SingularityNET, Grace will be useful in reducing the burden of frontline workers involved in the fight against Covid 19. He added that the robot can provide company for patients that are isolating, thereby reducing the mental impacts of prolonged isolation.
The Cardano Partnership
According to IOHK’s blog post, Cardano’s blockchain was chosen to “ensure that Grace meets the stringent guidelines set out by the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR) framework.”
Cardano’s privacy and security features make it ideal for the protection of sensitive patient data. The blockchain’s scalability functionalities will be leveraged to increase the speed at which Grace can process biodata. Goertzel notes that with “Cardano’s market-leading capabilities, she will be able to scale to meet this global challenge” of easing the burden of medical personnel in the fight against Covid-19.
Cardano has incorporated smart contracts on its blockchain with the Alonzo update that essentially broadens the range of use cases for the network. The network has set its sights on Dapps and DeFi as it looks to compete with Ethereum.
Cardano’s native asset, ADA, is trading at $2.22 and has a market capitalization of $71.2 billion that places it as the fourth-largest cryptocurrency. The asset has a dominance of 3.36% and utilizes a unique proof-of-stake consensus mechanism called Ouroboros.
Why It Matters
Cardano’s deployment in AI points to the multiplicity of use cases for blockchain technology. The marriage of both concepts will, without doubt, lead to rapid developmental strides that will improve upon the offerings that are available today.
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