How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry
HomeCryptocurrency NewsBitcoinist.com

How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry

Viola.AI leverages on blockchain technology to change the dating and relationships landscape in the world. One of the questions the team a...

Telegram Could See Its Token Benefit from Russian Ban
Bitcoin Price Shrugs Off Yesterday’s $66 Million ‘Whale Dump’
Crypto Reluctance Leads Nowhere Says Lithuanian Central Bank

Viola.AI leverages on blockchain technology to change the dating and relationships landscape in the world.


One of the questions the team at Viola.AI gets asked frequently — why does the dating and relationships industry need blockchain?

One of the key problems that blockchain help to solve is trust.

There’s a huge trust problem in the dating industry — online love scammers are making billions of dollars a year preying on unsuspecting singles. Their usual modus operandi — grab a photo of a random decent looking person online, masquerade as the person, use a fake name, and start chatting with singles who think that this persona actually exists. Once an emotional connection is created, they will start coming up with sad sob stories to ask for money transfers.

One of the dirty secrets of this industry is — many online sites and mobile apps actually use bots to lure their users into subscribing for their services. With the short customer lifetime value and quick churn rates, many industry players succumbed to such unethical practices, breaking the trust between service provider and user.

Firstly, with Viola.AI’s Real ID verification built on blockchain, singles’ identity is verified through visual recognition and singles now can be assured that they are really chatting with authentic and verified users. No more faceless characters, no more fake profiles containing pictures of models or actors/actresses. Also, by hashing the results of the REAL-ID onto the blockchain and by decentralizing the key personal information onto the mobile devices, this will ensure that even if there is a security breach, all the private data is still protected.

Use case: Elizabeth uploads a photo to create her profile on Viola.AI. Viola.AI verifies that Elizabeth is a real person by taking a real-time video scan of her face and checking against her social media accounts before approving her profile. The process is then decentralized and stored on the Blockchain.

Secondly, VIOLA tokens are both a community and utility token. How powerful an AI can be is based on how accurate and sufficient the data is. With Viola.AI, our tokens can be used as rewards to be given to users who contribute content, provide responses and generate data to increase Viola.AI’s accuracy. By having our own tokens rather than using other cryptocurrencies, the transaction is frictionless, as opposed to using gas.

Use case: Henry decides to propose to Elizabeth. He asks the community on Viola.AI for advice and ideas. Dozens of users reply with their proposal stories while merchants respond with offers for their services and venues. Henry picks the best suggestions and his proposal is a success!

Thirdly, the Ethereum Smart Contracts ensure that all rewards, revenues shares and referral commission to be paid out are fulfilled as promised, not just today, but also going forward. The process is trustless. This would attract and encourage more merchants and experts to come onto the marketplace and propel the growth of Viola.AI.

Use case: Henry and Elizabeth’s 1st wedding anniversary is coming. Viola.AI reminds Henry and asks if he wants to do something special. Flowers and a special date, Henry says. Viola.AI sends him 3 different suggestions for roses — Elizabeth’s favourite! After Henry decides on the flowers, Viola.AI arranges for their delivery, and books the restaurant. Henry surprises Elizabeth and their anniversary is a special one!

Viola.AI is no small project, however the team is confident as they have a strong foundation to start off with. The backing company, Lunch Actually Group is Asia’s Dating Giant with 13 years of proven success record and 1.4 million users with products comprising of 4 Dating Apps, 2 Online Sites and 3 Offline Services and regional presence in 6 big cities in Asia.

CEO and Co-Founder, Violet Lim said:

Viola.AI is our most ambitious project to date, and I strongly believe that Viola.AI will transform the dating and relationships industry. We have already successfully helped thousands of singles in Asia find their lifelong happiness. By harnessing on blockchain and AI technology, our dream is to help millions if not billions worldwide to find love, nurture their relationships and be in happy and fulfilling marriages.

For co-founders, Violet Lim and Jamie Lee, understanding the pain points of one’s dating and relationship journey is key. After successfully matched hundreds of thousands of people in the past 13 years, they know what singles need, and what the industry is currently lacking today — which became the inspiration for the conceptualization of Viola.AI.

Viola.AI is the world’s first A.I-driven Marketplace for dating and relationships. She will be the first dating and relationship A.I. that evolves with the users — creating a global and borderless full loop solution from dating, courtship, relationship to marriage. With the capability to perform deep learning about each user’s personality, background, and behaviour, Viola.AI can give them the most relevant and valuable advice, as well as proactively prompt couples before any important relationship milestones and help them solve their challenges early.

Viola.AI will also incorporate community-based marketplace, where experts, merchants, and partners can come in to provide relevant goods and services to the users at the right stage.

For more information on Viola.AI and to join the whitelist, visit www.viola.ai

Join the discussion on Viola.AI Telegram: https://t.me/ViolaAI

About Viola.AI

Viola.AI is an ever-improving, decentralized and secure A.I. Driven Marketplace that gives data-driven advice, recommendations, concierge, and matches to help singles to be effective and efficient in finding love while also helping couples to sustain and better their relationships with their significant other.

Press Contact
Christina Thung
Head of PR
christina@viola.ai
Viola.AI community: Telegram


Images courtesy of Viola.AI

The post How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry appeared first on Bitcoinist.com.



from Bitcoinist.com http://ift.tt/2EgPRft
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry
How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry
http://bitcoinist.com/wp-content/uploads/2018/02/viola-uc1.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/02/how-violaai-uses-blockchain-to-tackle.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/02/how-violaai-uses-blockchain-to-tackle.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy