Utilization of Artificial Intelligence in Akilos platform

Akilos foundation
Akilos
Published in
2 min readNov 18, 2018

Even neglecting human errors, cheating is possible in classic betting systems because a human resources are in charge of bet monitoring. As a result, users don’t completely trust the system and the lake of trust, negatively affect the number of betting events. Therefor a new approach is needed to eradicate the cheating possibility and provide a completely trustful procedure. For this purpose we created Akilos platform in which Artificial Intelligence monitors the game. If you are interested to understand how Artificial Intelligence accelerates operation, reduces costs and human resources, and also improve flexibility, please follow the article.

· A brief history of Artificial Intelligence

· Utilization of Artificial Intelligence in Akilos platform

· Competition and betting in Akilos platform

· conclusion

A brief history of Artificial Intelligence

The very complex term and notion of intelligence is described with capabilities of understanding, logic, self-awareness, emotional knowledge, learning, planning, creativity and problem solving. Human is intelligent because of having all the above capabilities. In the case of talking about human, animal or plant intelligence, we are describing natural intelligence. Started in the first half of the 20th century, scientists investigated the possibility of learning, planning, and problem solving for machines which named Artificial Intelligence. Therefor innovation is the key driving factor in Artificial Intelligence. In fact, it’s a simulation of brain to do some human tasks, utilizing programming of software and hardware.

Utilization of Artificial Intelligence in Akilos platform

As previously mentioned, Artificial Intelligence can learn how to perform a human task. It’s capable of understanding complex situations, simulating human thinking and reasoning, and also solving problems. The key element in Artificial Intelligence is learning. So Akilos team decided to create an Artificial Intelligence as a substitution for human resources who monitors the betting events. It’s capable of recognizing the winner at the end of the bet and doing whatever needed for that task.

Competition and betting in Akilos platform

In this platform, a user will apply to bet with another person. The opposite party have the choice to accept or reject the bet based on the information of application including amount of betting and the contract mode. Using some mathematic algorithms and machine learning methods in Artificial Intelligence, 6 contract modes are available in Akilos platform to be used to bet. The Artificial Intelligence recognizes the winner based on mathematic algorithms and the information of the bet including the selected contract mode, the requesting and accepting parties and some investigations. Therefore the money will be deposited to the winner based on this information.

Conclusion

This article, clarifies the utilization of Artificial Intelligence in Akilos betting network. Artificial Intelligence provides a trustful procedure, accelerates operation, reduces the costs and human resources and also creates flexibilities by 6 contract modes in betting events.

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