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Swarm Intelligence could be the Key to More Accurate Sports Betting

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Artificial intelligence has been shown to have tremendous predictive power in all sorts of areas. Sports is one area in which data plays a key role, whether it’s statistics about a team’s form and overall performance, or data for individual players and their strengths. Collecting this data and analyzing it using algorithms can lead to more accurate predictions. This type of AI doesn’t have to involve any human input.

There is a different kind of AI that brings human input back into the frame. Swarm intelligence aims to amplify the intelligence of a group of individuals, enabling more accurate predictions for a range of events, including the outcome of sports games.

What Is Swarm Intelligence?

A purely mathematical AI system effectively eliminates human input from the process; instead, it makes decisions based on inputs of data and computations through algorithms.

Swarm intelligence is very different. It relies on the input of multiple individuals who, by making a single decision simultaneously together, act as a hive mind, or swarm.

This idea is based on observations of biological systems such as ant colonies or bee swarms. If they were to act individually, these insects would not have much intelligence (neurologically speaking). By joining together, a swarm of bees can achieve the intelligence of a human mind.

When a swarm of bees sets out to find a hive, they will come to a collective decision and solid consensus, without the usual blocks that are experienced in systems of human politics.

Swarm intelligence is a deliberate attempt to bring human individuals into a swarm-like intelligence using an AI system, by forcing an answer that satisfies the most people. One of the key roles of swarm intelligence is to bring human morals and ethics into AI decision making, but it also happens to be incredibly powerful when it comes to predictions.

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UNU Swarm Intelligence System

Swarm intelligence is very different from a poll. A poll always polarizes answers, emphasizing differences between groups. For example, you ask 100 people whether they want to leave or stay in the EU, and the result will always be a divide, a split decision of sorts which hems individuals into a set group.

Swarm intelligence functions very differently. In the UNU system, invented by Unanimous AI chief executive Louis Rosenberg, individuals join together to make swarms. They are then asked multiple answer questions. Each participant has a magnet cursor, which they can use to drag a puck towards an answer.

What ensues is a push and pull towards consensus, where the group eventually has to reach a single answer that best works for everyone. You can see it in action on the Unanimous AI website prediction highlights page to understand the process better.

Even a random group of people, when pooling their knowledge, ideas and intuitions, are said to be able to outperform experts, and this has been proven to be true time and time again with the swarm intelligence systems. When sports fans pool together in this way, they can provide more accurate predictions.

UNU Sports Betting Success

Sports betting is a growing industry, expected to reach values of over $155 billion globally by 2024. The growth will largely come from Asia-Pacific, as well as from North America, where recent legislation has allowed sports betting within many states as well as on upcoming mobile apps like Fox Bet. As the industry opens up for more people around the world, people inevitably look to gain an edge.

The UNU swarm intelligence system has found that edge quite a few times already. The 2016 Kentucky Derby was a notable milestone. A swarm of horse racing enthusiasts predicted the Superfecta with amazing accuracy, turning $20 into $11,000 with a 540-1 payout.

Researchers at Oxford University and Unanimous AI tested the swarm system to predict winners in 50 EFL games. Individuals alone averaged 55%, but when swarmed this was boosted significantly to 72%.

In early 2008, the UNU system achieved an even more impressive result than the Kentucky Derby. The swarm and AI system predicted every result correctly in a 10-match weekend, including draws. Community members who followed up with parley bets ended up winning on odds as far-fetched as 1,244-1.

It’s clear that swarm intelligence, the synthesis of AI and human minds, can be a powerful predictor for sports betting.

Source: https://1reddrop.com/2019/07/17/swarm-intelligence-could-be-the-key-to-more-accurate-sports-betting/?utm_source=rss&utm_medium=rss&utm_campaign=swarm-intelligence-could-be-the-key-to-more-accurate-sports-betting

Blockchain

DeFi platform Alkemi Network integrates KYC-Chain’s user verification system

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Alkemi Network, an on-chain liquidity network, today announced a new partnership with the compliance technology provider, KYC-Chain. With the integration of KYC-Chain’s verification features, Alkemi Network can now offer a streamlined onboarding experience for users seeking a compliant DeFi solution.

KYC-Chain offers a customer onboarding framework that streamlines KYC/AML checks and customer due diligence; meeting the compliance requirements of legacy financial institutions. Following the compliance integration; participants can use Alkemi’s flagship borrowing and lending protocol, Alkemi Earn.

The KYC-Chain/Alkemi Earn process works as follows:

Prospective users wishing to access DeFi through Alkemi Network’s Earn application can apply for KYC approval through KYC-Chain. Once approved, the user-nominated Ethereum wallet address is ‘allow listed to connect to Alkemi Earn’s ‘Verified’ pool of digital assets. Users can then deposit, borrow and earn ALK utility tokens as a reward for network participation.

“Partnering with KYC-Chain not only addresses the immediate compliance requirements of institutional capital; but also puts Alkemi Network on a fast track to the future of “decentralized compliance” through the SelfKey Network…The SelfKey vision for empowering users with privacy and access controls for their own KYC data has been a major factor in our decision to choose KYC-Chain.”
– Engin Erdogan, Ecosystem Growth at Alkemi Network

The collaboration with KYC-Chain will cover two separate phases…

  1. First phase. Addresses the immediate challenge and provides institutions with a compliant framework to participate in DeFi. The combined efforts of Alkemi Network and KYC-Chain aim to satisfy the financial industry’s current criteria for KYC/AML.
  2. Second phase. Prepares Alkemi Network for the future of compliance, where users will own and control access to their own identity data via the SelfKey Network. This self-sovereign data solution will empower users to fulfill compliance requirements without sacrificing the privacy of their KYC data. Furthermore, through data portability, this infrastructure has the potential to eliminate the current need to complete separate diligence checks for every platform.

Alkemi Network is building an on-chain liquidity network with a suite of tools and products that serve as on-ramps for everyone to participate in decentralized finance. The flagship protocol, Alkemi Earn (Earn), facilitates borrowing and lending within a compliant environment via a primary permissioned liquidity pool of digital assets (ETH, wBTC, and stablecoins). Earn will also offer access to a secondary, permissionless liquidity pool of digital assets at the network’s Token Generation Event.

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Source: https://www.cryptoninjas.net/2021/05/17/defi-platform-alkemi-network-integrates-kyc-chains-user-verification-system/

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Blockchain

Facebook’s DIEM Reveals New Stablecoin Plans And Move To The USA

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Facebook’s DIEM reveals new stablecoin plans and also plans a move to the United States where it will focus the most, as we can see in our latest cryptocurrency news today.

Diem, or previously known as Libra, has some new plans. Facebook’s Diem reveals the plans to launch a new stabelcoin project, stating earlier this year that it will be relocating the primary operations from Switzerland back to the USA and will withdraw the payment system license application from the financial regulators of Switzerland. They said:

 “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States.”

The decision was later confirmed by the Swiss Financial Market Supervisory Authority. The stablecoins are digital currencies that are pegged to the fiat currency with Tether and USDC being the two main examples. California-based Silvergate Bank will become the main issuer of the Diem USD while managing the dollar reserves. Diem will launch a new subsidiary Diem Networks US Alongside Crypto Bank silver gate. In a strategic partnership, the two companies created the Diem Networks US that will run the Diem Payment network to facilitate the transactions of the stablecoins within the network. The chief executive officer at Diem Stuart Levy said:

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“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system. We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.”

Diem project

Diem’s strategic shift to the United States came at a fast-evolving regulatory environment for crypto and blockchain technology. Some municipalities like Miami and Wisconsin embraced the recent innovation whereas some like the new chair of SEC Gary Gensler critiqued the autonomy of the industry. With the crypto ETFs and similar products being under the scrutiny of the SEC, it remains to be seen whether Diem’s decision to relocate the bank to the USA will be a good decision.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/altcoin-news/facebooks-diem-reveals-new-stablecoin-plans-and-move-to-the-usa/

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Blockchain

Vitalik Burned Almost $7B Of SHIB To Reward Generous Holders

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Vitalik burned almost $7B of SHIB tokens to reward the generous holders of the “dog token communities” but not everyone was happy with his decision as we can see in our latest crypto news today.

Ethereum co-founder Vitalik Buterin burned nearly half of the supply of the Shiba Inu token and in a statement embedded in the transactions, he explained his decision, emphasizing the generosity of the “dog token communities” as he said:

“I’ve actually been impressed by how the dog token communities have treated the recent donations! Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better. I support all who are earnestly doing that.”

The recent dog-themed bull run came to an end as Buterin liquidated trillions of the token that he was gifted by the Shiba creators and donated the proceeds to charity. The ETH Co-founder said that he decided to burn the remaining 90% of the tokens in his wallet and to allocate the remaining 10% to charitable causes. He added that the charities with similar values that support COVID relief will be considered potential recipients.

shib token
SHIB with massive losses after Buterin’s donation spree. Source SHIBUSDT Tradingview

Buterin noted that holding the coins entrusted to him wasn’t an option for security reasons and added that he wanted to avoid the speculation that could arise from him making transactions using the DOG token in the future. He also asked people not to donate more tokens to him as he didn’t want to be a “locus of power of that kind.” The SHIB token prices went ballistic when it got listed on Binance a week ago, amid the surging popularity of DOGE and other dog tokens. The surge of the meme token trading was blamed for the spike in ETH network fees which hit an ATH of $70 on May 12.

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SHIB retreated 7% in 24hours amid the latest crypto crash triggered by the BTC sentiment expressed by Elon Musk. BTC retreated 7% over the past 24ours to $44,600.

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As reported recently, The market for SHIB collapsed after Buterin got rid of all of his tokens and now one crypto scam watchdog group wants revenge. The Telegram group War on Rugs hates rug pulls but now they are trying to rug pull Ethereum. The group says it’s composed of developers and auditors that created the Rug Ethereum token in retaliation for the ETH co-founder Vitalik Buterin’s decisions o transfer millions of his SHIB tokens to charity while at the same time he crashed the market for the token.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.dcforecasts.com/altcoin-news/vitalik-burned-almost-7b-of-shib-to-reward-generous-holders/

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