Overview

ThirdFi has come up with a robust solution that addresses the future expansion of the DeFi sector, as highlighted earlier regarding its potential pitfalls.

ThirdFi entrusts artificial intelligence (AI) to serve as an intermediary between public usage and blockchain technology. This involves integrating AI technologies and capabilities into decentralized applications (dApps), smart contracts, and other components of the decentralized web. Web3, regarded as the next stage of internet evolution, seeks to establish a decentralized, transparent, and secure online ecosystem by leveraging AI technology.

• Smart Contracts with AI Capabilities: Smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, can be enhanced with AI capabilities. AI algorithms can be used to automate decision-making processes within smart contracts, enabling more complex and intelligent interactions on the blockchain.

• AI-driven Identity Verification: AI technologies such as facial recognition and biometric authentication can be integrated into Web3 platforms to provide secure and decentralized identity verification solutions. This can help prevent identity theft and recovery key lost.

• Decentralized Autonomous Organizations (DAOs) with AI Governance: DAOs are organizations governed by smart contracts and controlled by their members. AI algorithms can be used to optimize decision-making processes within DAOs, such as resource allocation, voting mechanisms, and strategic planning.

• AI-driven Prediction Markets: Prediction markets are platforms where users can bet on the outcome of future events. AI algorithms can analyze large datasets to make predictions about these events, providing valuable insights to participants in the prediction market.

• Decentralized Financial Analysis: Leveraging AI algorithms to assess and analyze financial data, risk factors, and borrower profiles in order to make informed lending decisions. This approach enables lenders to automate and streamline the loan approval process, enhance accuracy in risk assessment, and optimize loan terms based on individual borrower characteristics and market trends.