by • World Mobile, a UK-based mobile network operator, has partnered with SingularityNET to develop credit ratings for a blockchain-based lending solution.
• The collaboration will also enable World Mobile to scale its network and expand to new regions, as well as offer AI technology for customer support.
• The blockchain-based lending program will roll out in three phases and reach global users served by traditional financial institutions.
World Mobile Partners with SingularityNET
The UK-based mobile network operator – World Mobile – teamed up with the decentralized artificial intelligence (AI) marketplace – SingularityNET – to develop credit ratings for a blockchain-based lending program.
Benefits of the Partnership
The partnership between World Mobile and SingularityNET will upgrade the customer service offered by the former as it will use AI technology to answer generic questions from clients. Additionally, it will integrate the technology to establish a blockchain-based lending solution. This offering will be introduced in three phases and eventually reach global users served by traditional financial institutions.
Phase 1: Eligibility Evaluation
In phase one of the program, World Mobile plans to provision credit to observe who is eligible for the offering. It will then check whether it can provide additional loans to loyal customers in subsequent stages of the rollout.
World Mobile CEO Comments
Commenting on the matter was Micky Watkins, Chief Executive Officer at World Mobile: “We are proud to partner with SingularityNet on integrating AI technology for customer support and introducing blockchain-based data loans…This strategic partnership reflects our shared commitment of delivering cutting-edge innovations to solve real world problems”.
Conclusion
Through this collaboration with SingularityNET, World Mobile aims to improve its customer service as well as introduce a blockchain-based lending solution that reaches users around the globe served by traditional financial institutions.
