Unlocking the Power of Web3 and AI: Insights from the 2023 Global Summit

PRESS RELEASE. USA, 230928 – The Worldwide AI & Web3 Summit, held on September 28 – 29, 2023, brought together industry leaders from enterprises such as HAI Stanford, Berkeley/HAAS, Google Deepmind, NVIDIA, and Meta to explore the intersection of AI and Web3 technologies and their potential to transform various sectors.

Web3 – the recently emerging concept considered the next generation of the internet – is characterized by blockchain-integration technology and decentralized principles, offering motivation for innovation, trust, and inclusivity. Combined with AI, the duo holds promise for Sustainable Development projects, aligning with the United Nations’ Sustainable Development Goals (SDGs).

Mr. Thomas Neubert, the co-founder of WowDAO AI, highlighted the potential of this synergy in revolutionizing energy management. “AI algorithms can optimize energy consumption in real-time, while Web3 enables peer-to-peer energy trading on a decentralized platform, leading to more efficient energy usage and reduced carbon emissions. This combination is poised for widespread adoption, benefiting areas such as renewable energy management, smart agriculture, water and waste management, etc.”

Also, by Neubert, Southeast Asia (SEA) was identified as a prime region for exploration due to global economic shifts. SEA’s growth in startup activities and crypto trading, exemplified by Vietnam and Singapore, positioned the region as a leader in the wave of Web3 and AI innovation.

In the case of Vietnam, the country’s technology landscape offers a conducive environment for innovation in Web3 and AI, reflected by its tech-savvy workforce that proves by ranks 8th globally for software engineers. Vietnam’s acceptance of blockchain and high rate of crypto ownership, along with numerous startups and innovation hubs, placed it at the forefront of the technology boom.

As emphasized by Ms. Trang Phung, CMO of U2U Foundation, “Vietnam has the potential for pushing the boundaries of Web3 and AI innovation. These potentials highlighted the high-quality human resources, government policies supporting technology sector development, and the numerous blockchain startup projects that positioned Vietnam as a regional technology key player.”

The Worldwide AI & Web3 Summit also hosted the Worldwide AI Hackathon 2023, an exclusive incubator program for AI enthusiasts and early-stage startups. Over 1,700 contestants from 88 countries registered, with top projects undergoing rigorous evaluation by judges from leading tech giants.

Yvonne Lutsch – Investment Principal of Bosch Ventures, and Nestor Maslej – Research Manager of Stanford HAI, have the same idea in expressing their excitement about AI’s practical application and growth in the real world.

“AI is starting to move into the real world. I think five years ago, ten years ago, AI was still very much something that existed in the lab, with many promises and potential, but it wasn’t necessarily clear when that potential and that promise would be realized. But now, AI is being used in tangible ways, and in these use cases, I would say we should only expect to continue growing,” Maslej said.

The Worldwide AI Hackathon aimed to adress sustainability through blockchain. Mr. Cris D Tran – Founding Advisor of U2U Foundation – highlighted the potential of Web3 and AI for Sustainable Development, with the U2U Chain as an exciting solution. The U2U Chain’s technical advancements, scalability, security, and collaborations with ESG-focused enterprises positioned them as the leader in the “green” blockchain industry.

The U2U Chain has marked a significant technological advancement in the blockchain sector, integrating the Proof of Elapsed Time with the Gossip protocol and the DAG algorithm. With a theoretical capacity of 500,000 transactions per second (tps), a transaction finality of 350ms, and triple layers of Sybil protection, the U2U Chain is emerging as the preferred choice for Enterprise applications in Vietnam and South East Asia. This combination of features is reported to enhance scalability, security, and decentralization, further solidifying its position in the market.

On a global scale, U2U’s collaboration with “green” enterprises underscored their commitment to environmental sustainability. The U2U Foundation’s mission revolved around widely adopting the Unicorn Ultra Chain, aiming to create a more decentralized, secure, and transparent digital environment.

About U2U Foundation

The U2U Foundation is dedicated to promoting the growth of the U2U ecosystem, leveraging the strength of the U2U Chain. The foundation envisions the Unicorn Ultra Chain as a revolutionary distributed ledger platform, making digital interactions accessible and user-friendly. By fostering decentralization, security, and transparency, the U2U Foundation seeks to build the next big things by providing motivation and innovation for global Web3 startups.

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