BlockBank partners with API3 to provide insightful data for AI assistant
We are excited to announce that BlockBank has partnered with API3 to integrate data from dAPIs (data feeds) and AIrnode-enabled APIs to BlockBank’s platform, allowing its use in training BlockBank’s AI assistant, and on the platform itself.
BlockBank leverages Artificial Intelligence, adding it to the traditional banking and DeFi system making the entire ecosystem more secure, private, and decentralized. The platform will be AI-powered, which means it will monitor and understand social intelligence, risk mitigation, analytics, batched transactions, and smart contracts.
Partnering with API3 is a step in the right direction as this will provide the AI technology with real-world data by offering API3 data feeds, dAPIs, aggregate data from first-party oracles, operated by some of the world’ premier API providers. The AI technology will monitor, gather, and provide platform users with powerful insights in real-time based on investment preferences to maximize gains and minimize unnecessary losses.
Keldge D’Cruz, CEO of BlockBank; “Our strategic priority is to provide our users and developers with precise data, that is a core layer we are building on. This exciting and long-term partnership with API3 will enable BlockBank to receive extremely reliable, transparent and most important of all; decentralized data. In the very near future, our goal is to further strengthen decentralization as well as providing trustless data into our AI”
Heikki Vänttinen, Co-Founder of API3 said; “We’re very happy to be working with Blockbank. Removing barriers to entry to defi is very important to improve adoption. The novel use of AI to help facilitate this is a great idea, and we look forward to seeing how this improves over time with the high quality data that API3 is able to provide.”
The Airnode
At its core, API3 brings the ability for API providers to easily run their own oracle nodes. This allows them to provide their data on-chain, without an intermediary, to any decentralized application (dApp) interested in their services.
At the heart of this mechanism sits Airnode, an open-source oracle node. It’s designed to be easily deployed by any API provider with almost no maintenance. Because of Airnode, dApp developers can write smart contracts to interact with the on-chain data of API providers.
Airnode is designed with mechanisms to remove the on-chain or off-chain concerns of API providers. The set-and-forget framework of Airnode is all about ease of implementation.
About API3
API3 builds decentrally governed and quantifiably secure data feeds that power Web 3.0 applications without employing third-party intermediaries. Powered by Airnode-enabled first-party oracles, API3’s dAPIs are fully decentralized and blockchain-native APIs with quantifiable security. Read our full whitepaper here.
Twitter — https://twitter.com/API3DAO
Telegram — https://t.me/API3DAO (Community Chat)
Discord — https://discord.gg/qnRrcfnm5W (Builder Chat)
Github — https://github.com/api3dao
Reddit — https://www.reddit.com/r/API3/
About BlockBank
BlockBank bridges the gap and strives to provide our users with frictionless integration between traditional financial systems and CeDeFi. In short — we are bringing the full banking experience to CeDeFi. We are a user-friendly, highly functional, empowering, and future-proof tool to fulfill any of your decentralized or centralized financial needs — the all-in-one gateway to cryptocurrency. Our Robo advisor is the next generation of analytical tools, AI-powered recommendation systems, and educational materials to help our users navigate all things crypto, make sound and informed decisions.
Learn more about BlockBank here:
