Singularity Studios Partners with PICC to Initiate AI and Blockchain Solutions

Enterprise software and application creator for the SingularityNET Platform, Singularity Studios has officially signed a partnership agreement with state-owned, People’s Insurance Company of China’s fintech branch reports Crypto Briefing. The goal behind said endeavor is to develop artificial intelligence and blockchain-focused solutions for the latter’s fintech operations.

In addition to its contributions to the PICC’s Financial Services, Singularity Studios will also support innovation-devoted platform that brings together startups and established corporations, Plug & Play Tech Center in China. The latter is done as a way to induce research, training programs and to hold events that could possibly promote technological advancements.

PICC’s Financial Services will also be getting together with SingularityNET’s AGI Society, and the reason for this rests in wanting to expand research and education on artificial general intelligence. Clearly, this partnership is expected to house many interlocked communications all leading to the same goal.

Speaking regarding this endeavor is the CEO of PICC Financial Services, Gu Wei, who shared that the country’s current efforts in shedding light on and implementing AI and blockchain solutions will be maximized through this partnership, adding that it gives room “for global expansion.”

The main use of AI that this partnership appears to support is within the insurance industry, where features and services including voice recognition, settlement of claims, identity frauds and the overall communication within supply chains will be addressed.