### What is Vaiot?

Vaiot is a decentralised platform that integrates Artificial Intelligence and Blockchain technologies to develop a portfolio of business-oriented Intelligent Virtual Assistants. These assistants serve both consumers and businesses to facilitate various transactions and services.

### How does Vaiot work?

Vaiot works by combining AI and Blockchain technology to offer different services through Intelligent Virtual Assistants. The platform is built on the Cosmos SDK, which enables blockchain connectivity through the Inter-Blockchain Communication (IBC) protocol. It utilises AI components, primarily from IBM Watson, to provide machine learning capabilities for creating custom contracts and offering legal services through Intelligent Contracts. The Tendermint consensus mechanism ensures security even if a portion of the network becomes compromised.

### What are the potential use cases for Vaiot?

Vaiot's potential use cases include:

- AI-powered legal services for contract creation and management.
- Establishing digital channels for B2C and C2C transactions.
- Automating business processes via Intelligent Contracts.
- Offering personalised customer service through AI Virtual Assistants.
- Providing a decentralised dispute resolution system.

### What is the history of Vaiot?

Founded in 2018, Vaiot aimed to combine AI and blockchain to simplify access to digital services and legal agreements. It became the first regulated crypto project in Malta in 2020. Significant milestones include partnerships with IBM for developing AI technologies, securing regulatory approvals, a successful token sale, and launching beta versions of their AI Sales Assistant. The platform plans to migrate to a blockchain based on the Cosmos SDK and develop a bridge to the Binance Smart Chain, pending regulatory approvals.

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