Love and blockchain might seem like a unique marriage at first, but that’s precisely the union that has ushered in the launch of Viola.AI.
Put simply, online relationships have become a bit of a mess. While online platforms and dating services have made 21st-century romance more accessible, trust, authenticity, and integrity are difficult to come by and are even more difficult to verify.
Does that sound like a job for a blockchain? Viola.AI thinks so – and in its own words, the project aims to “use the power of machine learning and blockchain to solve the numerous challenges related to love and relationships.”
An introduction to Viola.AI
Viola.AI’s goals may seem lofty, but the platform offers two concrete strategies to build a worldwide platform which singles and couples can leverage to create lifelong relationships.
Specifically, the project intends to develop a global and decentralized registry that verifies both the identity and relationship of its users. The initiative’s secondary aim introduces an AI relationship assistant that can provide recommendations to partners with the view of sustaining healthy relationships.
The Viola.AI ecosystem that comprises these aspects is powered by an ERC-20 utility token dubbed Violet (VAI), which will serve as a payment method, community usage, revenue share, advertising fee, and as a reward on the platform. Broadly, VAI tokens enable users to purchase paid content, services and goods in the ecosystem, advertise, reward partners or merchants, as well as share revenue with the platform itself to ensure its sustainability.
Who is Viola.AI’s founding team?
Viola.AI draws its name from its co-founder and chief executive officer, Violet Lim – the first Asian matchmaker certified by the New York Matchmaking Institute. Partnered with fellow co-founder Jamie Lee, the two entrepreneurs previously founded Lunch Actually Group – a dating service active in Asian markets.
Viola.AI’s team is rounded out by personnel with experience in research and development, cryptocurrency, and business intelligence, and features staff with experience in data analytics, community management, public relations, and blockchain solutions.
The Viola.AI white paper
Viola.AI’s white paper and website offer clear and concise information for new investors, and clearly depicts potential use cases, the mechanics of the platform, as well as a project roadmap in multiple languages. The project further offers a one-page illustration of its vision and the Viola.AI platform’s utility.
What makes up the Viola.AI platform?
Underpinning the Viola.AI ecosystem is perhaps one of the most unique and ambitious developments in the blockchain industry in the form of the REL-Registry, which serves to verify the true identity and register relationship or marital status for its users. The system’s use of smart contracts creates records of relationship status, events or agreements between parties.
The concept behind the REL-Registry is a simple one with vast potential – using blockchain technology, singles or partners can register on the platform through a photo or video confirmation, social media verification, and can further register their active relationship status. While singles could leverage the platform to find a partner for a date, married couples or long-term partners could use the system to establish contractual relations.
Notably, the proposal could feasibly represent a way to minimize fraudulent dating activity, as well as establish legal relations between romantic partners and even mitigate some of the cost involved in divorce proceedings when navigating unclear arrangements through smart contracts – potentially mitigating the cost of an antenuptial contract. Additionally, the platform could assist romantic partners in establishing a clear-cut contract in the event that they are unable to legally marry in the territory they reside in.
Viola.AI provides an open-source AI advisor for singles or couples, which serves as an intermediary powered by a recommendation engine. Designed to be implemented in other ecosystems – and hence expanding the utility of the platform, the system’s AI Advisor securely leverages data obtained from users and their partners and uses machine learning to advise them on how best to communicate, actions to take, and – or – things to avoid.
What is Viola.AI’s vision, and how will it get there?
Perhaps the biggest roadblock facing Viola.AI’s goals is the fact that marriage and ante-nuptial contracts are usually lodged at the deeds office of a state, and are seldom the domain of private firms beyond firms involved in litigation. Subsequently, the foremost hurdle the platform would need to overcome is finding worthwhile adoption cases.
The platform aims to launch in 2018 by targeting Asian markets such as Singapore, Malaysia, Hong Kong, and Australia – a sound approach given that the project’s co-founders enjoy a business footprint in such regions. 2019 would see the initiative expand to the United States, Canada, the United Kingdom, India, Taiwan, Japan, Thailand, and Indonesia. Finally, 2020 would see the platform expand further to target other nations around the world.
The platform is presently seeking to partner with AI Singapore – a Singaporean Government Agency – to enhance the development of its platform.
When is Viola.AI’s public sale?
Viola.AI’s pre-sale completed in January of 2017, where the project succeeded in reaching its cap of 7,5 million tokens five days early. The initiative’s private sale is presently underway, while Viola.AI’s public sale will commence in June of 2018. Interested investors will be able to purchase VAI tokens in exchange for Ether, Bitcoin, as well as all fiat currencies through major credit cards. Of a maximum 250 million VAI tokens, some 37% will be available during the public pre-sale for US$0.20.
The project bears a soft cap of $1 million USD, and a hard cap of $12.5 million USD. A company reserve of 25% will be held, while a bounty rewards pool will accommodate for 28% of all funds raised, and a team and advisory reserve of 10% will accommodate the difference.
Disclaimer: This article has been sponsored by Viola.AI