BotChain (BOTC) ICO review
BotChain is a platform to enable trust and audit of autonomous software by offering standardized registry, identity validation and an immutable event ledger for AI products, including bots and RPA tools. The platform was established by the team at Talla Inc, whose expertise lies in AI-powered knowledge and information management for enterprises. Based in Boston, MA, Talla is lead by an executive team with decades of entrepreneurial experience building large-scale business applications. To date, Talla has raised more than $12 million in venture capital. BotChain is joined in partnership by leading bot and AI companies including Gupshup, a platform for developers, and B2B enterprise bots Polly, CareerLark, Botkit, Disco (formerly Growbot), Zoom.ai, Progress.ai and botkeeper. Together, BotChain's early partners interact with nearly 400 million end-users globally. BotChain is in development on a private chain and will launch shortly, utilizing the public Ethereum blockchain.
Advances in bot design, Artificial Intelligence, and more expansive use of contextual awareness (through increased adoption of APIs and IoT technologies), will create more powerful and less predictable bots. In addition, thousands of bots will collaborate through millions of transactions. As these bots become more intelligent and make more independent decisions, they will become more difficult to manage. These changes will create new challenges as well as new opportunities.
Humans perform better when managed to improve performance, compliance, knowledge sharing, collaboration, and communication. Similarly, bots will require a platform to audit and nurture these capabilities.
BotChain is a bot registration, identification, audit, and marketplace platform built to utilize the public Ethereum blockchain and focused on businesses. BotChain will provide a platform for business bots to be managed. Bot builders will incorporate BotChain capabilities into their bots so that businesses can utilize the management capabilities. The BotChain platform will provide businesses with bot management capabilities such as audit trails of bot actions (what they did and why), bot identity management, knowledge sharing, and skill sharing.