With the advent of widely available AI in the form of ChatGPT and Google Bard, it is easy to overlook that some partnerships and innovations have been announced a while back and are still yet to fulfill their promise. One such example, and the focus of this article, is in the crypto space. Cortex Labs, a blockchain company based in Singapore, partnered with Microsoft’s Azure cloud computing platform to integrate its AI-powered blockchain technology with Azure’s machine learning capabilities. The partnership, announced in December 2019, offers unique solutions to end-users in the crypto space.

Benefits for developers

Through the integration, Cortex enables developers to use Azure’s machine learning tools to train and deploy machine learning models on the Cortex blockchain while also providing users with access to smart contract functionalities, enabling them to build decentralized applications (dApps) on the Cortex blockchain. This integration offers users a unique combination of AI-powered blockchain technology, enabling them to build innovative and high-performance dApps.

One example of how the partnership benefits end-users is in the creation of decentralized finance (DeFi) applications. DeFi is a growing trend in the crypto space, and Cortex’s blockchain technology, combined with Azure’s machine learning capabilities, enables developers to build faster and more efficient DeFi applications. Another example is in supply chain management, where the partnership can provide end-users with a transparent and secure way of tracking goods from origin to delivery.

Mutually beneficial for Microsoft and Cortex

The partnership also benefits both Cortex and Microsoft. For Cortex, the partnership allows the company to leverage the power and scalability of Azure’s cloud computing platform, enabling it to expand its offerings and increase its reach. For Microsoft, the partnership provides a new way to offer blockchain services to its customers, with the integration of Cortex’s AI-powered blockchain technology bringing a unique value proposition.

Future potential

As blockchain technology continues to gain traction, and AI becomes more important in the development of blockchain applications, the partnership between Cortex and Microsoft has the potential to drive innovation and growth in the crypto space. The integration of Cortex’s blockchain technology with Azure’s machine learning capabilities provides end-users with a powerful toolset to build unique and innovative dApps that could shape the future of the crypto space.