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

Viola.AI leverages on blockchain technology to change the dating and relationships landscape in the world
09 February 2018   1111

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 person 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.

Viola.AIViola.AI

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!

Viola.AIViola.AI

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 favorite! 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.AIViola.AI

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.

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.

 

Violet Lim

CEO and Co-Founder, Viola.AI

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

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 behavior, 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.

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Top Ongoing ICO 23rd - 29th September

Check these cool new ICOs: Modex, Coin Analyst, eLYQD, BitNautic, Pool of Stake, Tachain and Solidfied
23 September 2018   158

Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!

Current list for quick navigation Modex, Coin Analyst, eLYQD, BitNautic, Pool of StakeTachain, Solidfield

Ongoing ICO

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.

1. Modex

Hype.Codes rate  92

Modex has built a Smart Contract Marketplace and a Blockchain Developer Tools Platform. Modex aims to become the go to place for developers looking to monetize their blockchain programming skills and increase their revenue, as well as companies in need of blockchain development services and ready-to-buy smart contracts.

Vote for this ICO

Sales dates: Sep 15th - 25th
Accepted currencies. Various
Cap 10577066 USD
Website and Whitepaper 

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2. Coin Analyst 

Hype.Codes rate  90

CoinAnalyst is an information and analysis platform for all cryptocurrencies and ICOs worldwide. Purchase and sale decisions can be made on the basis of valid data and intelligent analyses. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market.

Vote for this ICO

Sales dates: Jul 7th - Oct 31st 
Accepted currencies. ETH
Hard cap 20M EUR
Website and Whitepaper 

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3. eLYQD 

Hype.Codes rate  89

One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.

Vote for this ICO

Sales dates: Jul 9th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $15M
Website and Whitepaper 

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4. BitNautic 

Hype.Codes rate  85

BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.

Vote for this ICO

Sales dates: Jul 11th - Sep 30th 
Accepted currencies. ETH, BTC, LTC, ZEC, BCH, DASH, DCR, XMR, Fiat
Soft cap 5k ETH
Hard cap 50k ETH
Website and Whitepaper 

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5. Pool of Stake 

Hype.Codes rate  80

Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains.

Vote for this ICO

Sales dates: Jul 20th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $8M
Website and Whitepaper 

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6. Tachain  

Hype.Codes rate  79

Tachain provides comprehensive ad targeting system for advertisers while maintaining full security and effectiveness of a full scale transportation app. With our functionalities in play, we are in a position to steer toward our mission of providing a valid and secure blockchain based service full of fun and joy to our users.

Vote for this ICO

Sales dates: Jul 23rd - Dec 31st 
Accepted currencies. ETH
Soft cap $2M
Hard cap $10M
Website and Whitepaper 

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7. Solidfied 

Hype.Codes rate  80

The future will be built on smart contracts. Smart contracts are only as secure as the code they are written in. As they are immutable after release, they need reliable security due diligence to earn companies and users trust and value. With 200+ code experts and 400k ETH of market cap. secured, Solidified is the market leader in smart contract security already. We know the market and its bugs. It's still fully centralized which allows for fraud and hacks and bad or lazy work hardly has consequences for the auditor. We can fix this. Introducing the first decentralized audit system & Bug Prediction Market! Actors can stake on whether a vulnerability will be discovered in a smart contract by a certain date. The basis for such a market is a smart contract that has been audited and secured by an individual or a group of auditors using the Solidified platform. These actors are held accountable for securing the code by having staked income and reputation in the form of the Solid Token.

Vote for this ICO

Sales dates: Jul 23rd - Oct 23rd
Accepted currencies. ETH
Hard cap 36k ETH
Website and Whitepaper 

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