A MATRIX Chain Seeking to Define Blockchain 3.0 by Incorporating Blockchain and AI

Author
SySAdmin
Posted
August 7, 2017
Views
1671

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Page 1
<HTML>
<head>
<META http-equiv="Content-Type" content="text/html; charset=UTF-8">
<meta content="text/html; charset=utf-8" http-equiv="Content-Type">
<style type="text/css">
          .xn-newslines .xn-distributor{
          display:none;
          }
          .xn-newslines .xn-dateline{
          display:none;
          }
         
      /* /\/\/\/\/\/\/\/\/ CLIENT-SPECIFIC STYLES /\/\/\/\/\/\/\/\/ */
        #outlook a{padding: 0;} /* Force Outlook to provide a "view in browser" message */
        .ReadMsgBody{width: 100%;} .ExternalClass{width: 100%;} /* Force Hotmail to display emails at full width */
        .ExternalClass, .ExternalClass p, .ExternalClass span, .ExternalClass font, .ExternalClass td, .ExternalClass div {line-height: 100%;} /* Force Hotmail to display normal line spacing */
        body, table, td, p, a, li, blockquote{-webkit-text-size-adjust: 100%; -ms-text-size-adjust: 100%;} /* Prevent WebKit and Windows mobile changing default text sizes */
        table, td{mso-table-lspace: 0pt; mso-table-rspace: 0pt;} /* Remove spacing between tables in Outlook 2007 and up */
        img{-ms-interpolation-mode: bicubic;} /* Allow smoother rendering of resized image in Internet Explorer */

        /* /\/\/\/\/\/\/\/\/ RESET STYLES /\/\/\/\/\/\/\/\/ */
        body{margin: 0; padding: 0;}
        img{border: 0; height: auto; line-height: 100%; outline: none; text-decoration: none;}
        table{border-collapse: collapse !important;}
        body, #bodyTable, #bodyCell{height: 100% !important; margin: 0; padding: 0; width: 100% !important;}

        /* /\/\/\/\/\/\/\/\/ TEMPLATE STYLES /\/\/\/\/\/\/\/\/ */

        /* ========== Page Styles ========== */

        #bodyCell{padding: 20px;}
        #templateContainer{
            width: 600px;
            background-color: #ffffff;
        }

            /**
            * @tip Set the background color and top border for your email. You may want to choose colors that match your company's branding.
            * @theme page
            */
            body, #bodyTable{
                background-color: #DEE0E2;
            }

            /**
            * @tip Set the background color and top border for your email. You may want to choose colors that match your company's branding.
            * @theme page
            */
            #bodyCell{
                border-top: 4px solid #BBBBBB;
            }

            /**
            * @tip Set the border for your email.
            */
            #templateContainer{
                border: 1px solid #BBBBBB;
            }

            /**
            * @tip Set the styling for all first-level headings in your emails. These should be the largest of your headings.
            * @style heading 1
            */
            h1{
                color: #404040 !important;
                display: block;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 26px;
                font-style: normal;
                font-weight: bold;
                line-height: 100%;
                letter-spacing: normal;
                margin-top: 0;
                margin-right: 0;
                margin-bottom: 10px;
                margin-left: 0;
                text-align: left;
            }

            /**
            * @tip Set the styling for all second-level headings in your emails.
            * @style heading 2
            */
            h2{
                color: #404040 !important;
                display: block;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 20px;
                font-style: normal;
                font-weight: bold;
                line-height: 100%;
                letter-spacing: normal;
                margin-top: 0;
                margin-right: 0;
                margin-bottom: 10px;
                margin-left: 0;
                text-align: left;
            }

            /**
            * @tip Set the styling for all third-level headings in your emails.
            * @style heading 3
            */
            h3{
                color: #3d98c6 !important;
                display: block;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 16px;
                font-weight: normal;
                line-height: 100%;
                letter-spacing: normal;
                margin-top: 0;
                margin-right: 0;
                margin-bottom: 10px;
                margin-left: 0;
                text-align: left;
            }

            /**
            * @tip Set the styling for all fourth-level headings in your emails. These should be the smallest of your headings.
            * @style heading 4
            */
            h4{
                color: #808080 !important;
                display: block;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 14px;
                font-weight: normal;
                line-height: 100%;
                letter-spacing: normal;
                margin-top: 0;
                margin-right: 0;
                margin-bottom: 10px;
                margin-left: 0;
                text-align: left;
            }

            h4.subtitle {
              color: #808080 !important;
              font-size: 14px;
            }

            /* ========== Header Styles ========== */

            /**
            * @tip Set the background color and bottom border for your email's preheader area.
            * @theme header
            */
            #templatePreheader{
                background-color: #F4F4F4;
                border-bottom: 1px solid #CCCCCC;
            }

            /**
            * @tip Set the styling for your email's preheader text. Choose a size and color that is easy to read.
            */
            .preheaderContent{
                color: #808080;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 10px;
                line-height: 125%;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's preheader links. Choose a color that helps them stand out from your text.
            */
            .preheaderContent a:link, .preheaderContent a:visited, /* Yahoo! Mail Override */ .preheaderContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #606060;
                font-weight: normal;
                text-decoration: underline;
            }

            /**
            * @tip Set the background color and borders for your email's header area.
            * @theme header
            */
            #templateHeader{
                background-color: #F4F4F4;
                border-top: 1px solid #FFFFFF;
                border-bottom: 1px solid #CCCCCC;
            }

            /**
            * @tip Set the styling for your email's header text. Choose a size and color that is easy to read.
            */
            .headerContent{
                color: #505050;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 20px;
                font-weight: bold;
                line-height: 100%;
                padding-top: 0;
                padding-right: 0;
                padding-bottom: 0;
                padding-left: 0;
                text-align: left;
                vertical-align: middle;
            }

            /**
            * @tip Set the styling for your email's header links. Choose a color that helps them stand out from your text.
            */
            .headerContent a:link, .headerContent a:visited, /* Yahoo! Mail Override */ .headerContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: normal;
                text-decoration: underline;
            }

            #headerImage{
                height: auto;
                max-width: 600px;
            }

            #socialShare img {
                margin-right: 3px;
            }

            /* ========== Body Styles ========== */

            /**
            * @tip Set the background color and borders for your email's body area.
            */
            #templateBody{
                background-color: #FFFFFF;
                border-top: 1px solid #FFFFFF;
                /*border-bottom: 1px solid #CCCCCC;*/
            }

            /**
            * @tip Set the styling for your email's main content text. Choose a size and color that is easy to read.
            * @theme main
            */
            .bodyContent{
                color: #505050;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 16px;
                line-height: 150%;
                padding-top: 20px;
                padding-right: 20px;
                padding-bottom: 20px;
                padding-left: 20px;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's main content links. Choose a color that helps them stand out from your text.
            */
            .bodyContent a:link, .bodyContent a:visited, /* Yahoo! Mail Override */ .bodyContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: normal;
                text-decoration: underline;
            }

            .bodyContent img{
                display: inline;
                height: auto;
                max-width: 560px;
            }

            /**
            * @tip Set the background color and border for your email's data table.
            */
            .templateDataTable{
                background-color: #FFFFFF;
            }

            .templateDataTable a:link {
                text-decoration: none;
                color: #3d98c6;
            }

            /**
            * @tip Set the styling for your email's data table text. Choose a size and color that is easy to read.
            */
            .dataTableHeading{
                /*background-color: #E7F1FC;*/
                color: #336699;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 14px;
                font-weight: bold;
                line-height: 150%;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's data table links. Choose a color that helps them stand out from your text.
            */
            .dataTableHeading a:link, .dataTableHeading a:visited, /* Yahoo! Mail Override */ .dataTableHeading a .yshortcuts /* Yahoo! Mail Override */{
                color: #FFFFFF;
                font-weight: bold;
            }

            /**
            * @tip Set the styling for your email's data table text. Choose a size and color that is easy to read.
            */
            .dataTableContent{
                border-top: 1px solid #DDDDDD;
                border-bottom: 0;
                color: #404040;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 12px;
                line-height: 150%;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's data table links. Choose a color that helps them stand out from your text.
            */
            .dataTableContent a:link, .dataTableContent a:visited, /* Yahoo! Mail Override */ .dataTableContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: bold;
            }

            /* ========== Column Styles ========== */

            .templateColumnContainer{width: 200px;}

            /**
            * @tip Set the background color and borders for your email's column area.
            */
            #templateColumns{
                background-color: #F4F4F4;
                border-top: 1px solid #FFFFFF;
                border-bottom: 1px solid #CCCCCC;
            }

            /**
            * @tip Set the styling for your email's left column content text. Choose a size and color that is easy to read.
            */
            .leftColumnContent{
                color: #505050;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 14px;
                line-height: 150%;
                padding-top: 0;
                padding-right: 20px;
                padding-bottom: 20px;
                padding-left: 20px;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's left column content links. Choose a color that helps them stand out from your text.
            */
            .leftColumnContent a:link, .leftColumnContent a:visited, /* Yahoo! Mail Override */ .leftColumnContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: normal;
                text-decoration: underline;
            }

            /**
            * @tip Set the styling for your email's center column content text. Choose a size and color that is easy to read.
            */
            .centerColumnContent{
                color: #505050;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 14px;
                line-height: 150%;
                padding-top: 0;
                padding-right: 20px;
                padding-bottom: 20px;
                padding-left: 20px;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's center column content links. Choose a color that helps them stand out from your text.
            */
            .centerColumnContent a:link, .centerColumnContent a:visited, /* Yahoo! Mail Override */ .centerColumnContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: normal;
                text-decoration: underline;
            }

            /**
            * @tip Set the styling for your email's right column content text. Choose a size and color that is easy to read.
            */
            .rightColumnContent{
                color: #505050;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 14px;
                line-height: 150%;
                padding-top: 0;
                padding-right: 20px;
                padding-bottom: 20px;
                padding-left: 20px;
                text-align: left;
            }

            /**
            * @tip Set the styling for your email's right column content links. Choose a color that helps them stand out from your text.
            */
            .rightColumnContent a:link, .rightColumnContent a:visited, /* Yahoo! Mail Override */ .rightColumnContent a .yshortcuts /* Yahoo! Mail Override */{
                color: #3d98c6;
                font-weight: normal;
                text-decoration: underline;
            }

            .leftColumnContent img, .rightColumnContent img{
                display: inline;
                height: auto;
                max-width: 260px;
            }

            /* ========== Footer Styles ========== */

            /**
            * @tip Set the background color and borders for your email's footer area.
            * @theme footer
            */
            #templateFooter{
                background-color: #F4F4F4;
                border-top: 1px solid #FFFFFF;
            }

            /**
            * @tip Set the styling for your email's footer text. Choose a size and color that is easy to read.
            * @theme footer
            */
            .footerContent{
                color: #808080;
                font-family: 'Montserrat', arial, sans-serif, helvetica;
                font-size: 10px;
                line-height: 150%;
                padding-top: 20px;
                padding-right: 20px;
                padding-bottom: 20px;
                padding-left: 20px;
                text-align: left;
            }

            .footerContent.social, .footerContent.social h4 {
                text-align: center;
            }

            .footerContent.social a {
                margin: 0 10px;
            }

            /**
            * @tip Set the styling for your email's footer links. Choose a color that helps them stand out from your text.
            */
            .footerContent a:link, .footerContent a:visited, /* Yahoo! Mail Override */ .footerContent a .yshortcuts, .footerContent a span /* Yahoo! Mail Override */{
                color: #606060;
                font-weight: normal;
                text-decoration: underline;
            }

            /* /\/\/\/\/\/\/\/\/ MOBILE STYLES /\/\/\/\/\/\/\/\/ */

            @media only screen and (max-width: 480px){
                /* /\/\/\/\/\/\/ CLIENT-SPECIFIC MOBILE STYLES /\/\/\/\/\/\/ */
                body, table, td, p, a, li, blockquote{-webkit-text-size-adjust: none !important;} /* Prevent Webkit platforms from changing default text sizes */
                body{width: 100% !important; min-width: 100% !important;} /* Prevent iOS Mail from adding padding to the body */

                /* /\/\/\/\/\/\/ MOBILE RESET STYLES /\/\/\/\/\/\/ */
                #bodyCell{padding: 10px !important;}

                /* /\/\/\/\/\/\/ MOBILE TEMPLATE STYLES /\/\/\/\/\/\/ */

                /* ======== Page Styles ======== */

                /**
                * @tip Make the template fluid for portrait or landscape view adaptability. If a fluid layout doesn't work for you, set the width to 300px instead.
                */
                #templateContainer{
                    max-width: 600px !important;
                    width: 100% !important;
                }

                /**
                * @tip Make the first-level headings larger in size for better readability on small screens.
                */
                h1{
                    font-size: 24px !important;
                    line-height: 100% !important;
                }

                /**
                * @tip Make the second-level headings larger in size for better readability on small screens.
                */
                h2{
                    font-size: 20px !important;
                    line-height: 100% !important;
                }

                /**
                * @tip Make the third-level headings larger in size for better readability on small screens.
                */
                h3{
                    font-size: 18px !important;
                    line-height: 100% !important;
                }

                /**
                * @tip Make the fourth-level headings larger in size for better readability on small screens.
                */
                h4{
                    font-size: 16px !important;
                    line-height: 100% !important;
                }

                /* ======== Header Styles ======== */

                #templatePreheader{display: none !important;} /* Hide the template preheader to save space */

                /**
                * @tip Make the main header image fluid for portrait or landscape view adaptability, and set the image's original width as the max-width. If a fluid setting doesn't work, set the image width to half its original size instead.
                */
                #headerImage{
                    height: auto !important;
                    max-width: 600px !important;
                    width: 100% !important;
                }

                /**
                * @tip Make the header content text larger in size for better readability on small screens. We recommend a font size of at least 16px.
                */
                .headerContent{
                    font-size: 20px !important;
                    line-height: 125% !important;
                }

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<h1 class="xn-hedline">A MATRIX Chain Seeking to Define Blockchain 3.0 by Incorporating Blockchain and AI</h1>

<div id="enrcontainer"></div>

<p class="xn-distributor">PR Newswire</p>

<p class="xn-dateline">BEIJING, Aug. 7, 2017</p>
</div>

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<p>
<span class="right" id="playercontainer"> </span><span class="xn-location">BEIJING</span>, <span class="xn-chron">Aug. 7, 2017</span> /PRNewswire/ -- Blockchain is definitely a hotspot of today's cutting-edge technologies in the world, and a variety of <span id="spanHghlte406">innovations</span> are constantly emerging. However, <span id="spanHghlt64b9">while</span> most of the <span id="spanHghltab24">technology</span> <span id="spanHghltc9d1">focuses</span> on token issuance and commercial applications,&nbsp;<span id="spanHghlt9b72">those on the&nbsp;fundamental technology</span> of&nbsp;blockchain&nbsp;- Data Chain are very rare. When most of the people still think that blockchain is new, there is a group of Chinese people who <span id="spanHghlt8db8">have</span> already set eyes on the next generation of blockchain technology.</p>

<p>A few days ago, a blockchain called "MATRIX Chain", in which several Chinese scientists<span id="spanHghlt1cba">&nbsp;</span>played a leading role in the research and development, made a splash in its sector. <span id="spanHghlt4538"><span id="spanHghltb79c">By incorporating artificial intelligence (AI) into the underlying data chain, the innovation</span>&nbsp;has&nbsp;<span id="spanHghlt6013">made</span> this blockchain <span id="spanHghlteeb2">smarter</span>, easier to use, and <span id="spanHghlt9c54">capable of&nbsp;evolving constantly</span> through self-learning. </span>Several new points of the concept of "MATRIX Chain" have attracted broad attention&nbsp;<span id="spanHghlt7feb">in the industry</span>&nbsp;since its proposal.</p>

<p>
<b>Starting with the underlying technology of blockchain</b>
</p>

<p>"Now, artificial intelligence is not only the most popular term in high technology, but also the most important technology that has been acknowledged <span id="spanHghlt6fb2">as the future direction of scientific and technological development,</span>" Deng Yangdong, chief scientist of MATRIX on AI, indicated that the combination of blockchain technology <span id="spanHghlt9141">with</span> AI represents <span id="spanHghltcdce">the</span> future direction of blockchain development.</p>

<p>Deng Yanddong is associate professor of <span id="spanHghlt4100">Tsinghua</span> University, and also a renowned artificial intelligence scholar in <span class="xn-location">China</span>. He had acted as a team leader to win the first place in Pascal Artificial Intelligence International Competition. It has always been one of his great ambitions to combine the technologies of artificial intelligence <span id="spanHghlt3ea3">with</span> blockchain and advance the actual application of these two technologies.</p>

<p>For some of <span id="spanHghltd988">the</span> currently popular blockchains, when a chain is <span id="spanHghlt0989">set</span> after research and development, its core parameters will be <span id="spanHghlt056d">fixed</span> accordingly. With the changes in service targets and in external environment, however, many parameters will <span id="spanHghlt01ec">have difficulties in its applications</span>. For instance, because the size of block for bitcoin was set at 1 Mbyte, and the time for a single mining process at 10 minutes, the conditions at <span id="spanHghlt7613">the</span> initial <span id="spanHghltf9fa">stages</span> were relatively relaxed. Since 2016, online transactions have become very intensive, and most of <span id="spanHghlt4239">the</span> intensive commercial transactions are not suitable to be carried out with bitcoins.</p>

<p>As the earliest version of blockchain technology, bitcoin can be called the first generation of blockchain technology, or blockchain 1.0, but during the initial design of bitcoin, no consideration had been given to the <span id="spanHghlt2e0b">larger</span>-scale <span id="spanHghltc397">application</span> of this technology&nbsp;<span id="spanHghlt546d">later on</span>. <span id="spanHghltdc3e">Mining and</span> establishment of a distributed ledger turned to be the core of bitcoin, which <span id="spanHghltbeaf">resulted</span> in <span id="spanHghlt9d49">a</span> very low commercial scalability and efficiency.</p>

<p>
<span id="spanHghlt93a4">In order to solve the problem</span>, Ethereum<span id="spanHghlta064">&nbsp;</span>emerges. With smart contracts as its core, Ethereum provides <span id="spanHghlt5bb6">an</span> interface and system <span id="spanHghltaf6b">that is</span> more suitable for <span id="spanHghlt84d6">larger</span>-scale commercial <span id="spanHghltb0ee">applications</span> of Blockchain, while enhancing efficiency. Therefore, Ethereum is widely considered by its sector as the second generation of blockchain technology, or blockchain 2.0.</p>

<p>According to Deng Yangdong, MATRIX, as the new generation of blockchain and with the introduction of AI, <span id="spanHghlt99c7">it</span> can dynamically update the parameters for various blockchains so as to <span id="spanHghlt949c">create</span> self-evolution <span id="spanHghlt0f2e">in the industry</span>. <span id="spanHghltebcc">Furthermore, MATRIX Chain <span id="spanHghlta77b">can also</span>&nbsp;address the issues&nbsp;<span id="spanHghltade6">during</span> the finalization of <span id="spanHghlt19a9">the</span>&nbsp;current blockchain designs and the <span id="spanHghlt6241">inflexibility in&nbsp;adjusting</span> various blockchain parameters. For this, <span id="spanHghlt67f5">MATRIX Chain</span> could be deemed as blockchain 3.0.</span>
</p>

<p>
<b>Automatically discriminating against loopholes in transactions</b>
</p>

<p>Smart contracts are the core link in the application of blockchain technology, but conventional transactions under smart contracts are still in a <span id="spanHghlt402d">risky</span> stage, with each transaction posing a "risk". This is also one of the important causes that blockchain technology is now <span id="spanHghlt6953">facing difficulties</span> to be put into&nbsp;<span id="spanHghlt6c63">mass</span> application.</p>

<p>"The root cause of this phenomena lies in that a blockchain is designed<span id="spanHghlt4e87">&nbsp;in</span> a trustless environment, and this means there is no way to correct any errors that occur", Li Qinghua, chief scientist of MATRIX on chip and software architecture, was quoted as saying.</p>

<p>Li is a renowned expert on chip design in <span class="xn-location">China</span>, <span id="spanHghltc5b1">and once&nbsp;was the</span>&nbsp;head of <span id="spanHghlt1c29">the</span>&nbsp;R &amp; D department and chief architect in<span id="spanHghltf031">&nbsp;designing the first </span>WiFi chip <span id="spanHghlt0e0a">in <span class="xn-location">China</span></span>.</p>

<p>He stated with an example that, in a current blockchain, if currency is sent to a certain address, the operation will be <span id="spanHghlt4210">irreverisible</span>. This means that if a dealer sends currency to a wrong address, the currency will be <span id="spanHghltdacc">lost</span>. Likewise, something similar to the phishing on the Internet can also happen in blockchains, in which case a <span id="spanHghltc059">hacker</span> exploits the loopholes in contracts through setting up <span id="spanHghlt1bd7">traps</span>, and the transactions of this type <span id="spanHghltaf1c">can't be retrieved either.</span>
</p>

<p>Moreover, if any man-made error occurs when a user is writing a contract, such as&nbsp;a fat-finger error in a stock market transaction or a wrong quotation in a foreign exchange transaction (for example, quotation in RMB/USD mistaken for that in USD/RMB), the above-mentioned transaction can be revoked in reality through a <span id="spanHghlt1c27">controlled</span> system. <span id="spanHghlt4090">However</span>, in a decentralized system,<span id="spanHghlted8e">&nbsp;it will only let the dealer take the risk in the same way as they do in conventional contracts.</span>
</p>

<p>
<span id="spanHghlt0a83">"</span>Smart contracts for MATRIX Chain are dedicated to addressing <span id="spanHghlt66dd">the</span> above issues for which the solution is a conventional centralized system<span id="spanHghlt52f3">,</span>" Li explained, with the introduction of AI models based on the principle of non-discrimination<span id="spanHghlt5dc5">.</span> <span id="spanHghlt71ef">T</span>he smart contracts for MATRIX Chain <span id="spanHghlt6db3">let</span> the automatic judgment on the <span id="spanHghltc4fa">quality</span> of transaction models, the automatic detection of loopholes in transactions, and the execution of a civilized process of transactions under <span id="spanHghlt0439">contracts.</span>
</p>

<p>
<b>Setting up a blockchain that anyone knows how to use </b>
</p>

<p>Decentralization, openness, tamper-proofing etc. are the core features of blockchain technology, and these features determine how widely blockchain can be applied: as long as a transaction is made between multiple parties who lack trust in each other, blockchain technology can be used.</p>

<p>The application of blockchain technology has been launched in many governmental agencies and organizations <span id="spanHghlt3b4e">globally</span>, as well as in large enterprises, involving many industries such as finance, communication, medical treatment, and <span id="spanHghlt2ab3">real estate</span>. As far as ordinary users are concerned, <span id="spanHghlt749d">blockchain</span> technology is <span id="spanHghlt9814">too</span> complicated and difficult to understand.</p>

<p>"Specialization and complexity has always been a major obstacle to the commercial application of blockchain technology<span id="spanHghlt827c">,</span>" Deng pointed out, although Ethereum provides smart contracts, it now can only address simple linear problems, but <span id="spanHghlt3c99">has</span> no way to respond to more complicated contractual conditions. <span id="spanHghlt6184">This</span>&nbsp;significantly <span id="spanHghltc07b">limits</span> the space and scope of the transactions and applications over the chains. </p>

<p>Instead, MATRIX, which has incorporated AI-based algorithm, is able to solve many non-linear and more complicated problems, largely lowering <span id="spanHghlt128c">the problem in its application</span> and thus significantly improving <span id="spanHghlt0550">the range of blockchain technology applications</span>.</p>

<p>Deng said <span id="spanHghlt796a">that</span> quasi-Ethereum smart contracts are more like an&nbsp;exclusive application for a small group of technicians who are familiar with codes than a&nbsp;generic one for ordinary users. <span id="spanHghlt38e8">However, after <span id="spanHghltb9bc">AI has been incorporated</span>, the<span id="spanHghlt4648">&nbsp;only operation</span><span id="spanHghlt7a1a">&nbsp;ordinary</span> users <span id="spanHghlt4f79">need to do <span id="spanHghlt082d">to generate&nbsp;</span><span id="spanHghlt776a">a smart contract</span>&nbsp;is to</span> type in <span id="spanHghlte876">the</span> transaction objective and textual description of transaction <span id="spanHghltc3e9">conditions</span><span id="spanHghlte537">, making the&nbsp;smart contract service&nbsp;easily accessible for everyone.</span></span>
</p>

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<p>SOURCE  MATRIX</p>

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