Coinbase and Tether launched blockchain and artificial intelligence (AI) tools to enhance privacy and autonomy in decentralized networks. According to the companies, the tools aim to improve how developers interact with blockchain technology by giving users more control and privacy.

Tether announced the Local AI development kit at the Lugano Plan ₿ conference. The software enables developers to create peer-to-peer (P2P) AI applications compatible with various devices, including low-cost mobile phones and high-end servers.

Focus on Privacy

Paolo Ardoino, Tether's CEO, highlighted that the SDK is highly modular and can support different models like Marian and Llama, customizing AI functions to various needs. More importantly, all data and processes run on-device, ensuring privacy by keeping everything decentralized and secure within the P2P infrastructure.

Yesterday at @LuganoPlanB I presented a preview of Tether's Local AI development kit, privacy focused, powered by peer-to-peer technology 🍐🍐

Write the code once, and run everywhere, from a 40$ phone, to a flagship smartphone, from a laptop to a mainframe with many H100, from a… pic.twitter.com/L0Uz2P7BKg

— Paolo Ardoino 🤖🍐 (@paoloardoino) October 27, 2024

As the development continues, Tether plans to release this AI kit as open-source software, offering the blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term community tools to build private and scalable AI applications to improve decentralized interactions. Meanwhile, Coinbase introduced a different kind of innovation with its Based Agent platform, which is designed to create autonomous agents capable of operating on the blockchain.

Developed by Lincoln Murr using the Coinbase Developer Platform (CDP) and Openai's language model, Based Agent enables users to build on-chain agents in minutes, offering hands-free operation for blockchain tasks.

Coinbase Developer Platform

The platform also supports essential on-chain actions like balance checks, ETH testnet requests, and asset transfers. These functionalities reportedly allow developers and non-technical users to experiment with autonomous blockchain operations, creating a better experience for executing smart contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist Read this Term transactions and other decentralized actions.

Introducing Based Agent: create AI agents with full onchain functionality on @base in less than 3 minutes.

The era of Autonomous Onchain Agents is here

Built with @CoinbaseDev SDK, @OpenAI , and @Replit

oh, and you can make it an @X bot too 😉 pic.twitter.com/RgbXp290bV

— lincoln.base.eth (@MurrLincoln) October 26, 2024

According to the two companies, Tether and Coinbase's recent launches highlight the growing convergence of AI and blockchain technology. Tether focuses on enabling privacy and peer-to-peer applications, while Coinbase aims to create autonomous agents that can independently execute blockchain tasks.

The fusion of AI with blockchain is expected to significantly improve the way decentralized systems function, opening up new possibilities for automation, privacy, and user autonomy.