Chinese Insurance Giant 'Ping An' Partners With Ethereum Based AI Startup 'SingularityNET'.

Chinese Insurance Giant 'Ping An' Partners With Ethereum Based AI Startup 'SingularityNET'.

2019-03-17 | Eddy Morgan

Chinese Insurance Giant 'Ping An' Partners With Ethereum Based AI Startup 'SingularityNET'.

In line with a recent official 'press-release' published, renowned Chinese insurance giant named ‘Ping An’ has revealed its new partnership with Ethereum [ETH]-based decentralized AI [Artificial Intelligence] startup ‘SingularityNET.’

As per the release, the collaboration can initially focus on OCR [Optical Character Recognition], CV [Computer Vision] along with model training. SingularityNET added that the scope of the partnership is anticipated to expand to multiple industries and initiatives within the future.

The announcement was revealed shortly after SingularityNET formally launched a beta version of its Ethereum-based decentralized marketplace earlier in 28th Feb. Also in Jan. last year, the corporate conjointly proclaimed a partnership with agriculture-focused blockchain startup 'Hara' at the World Web Forum.

While on the other hand, Ping An is 'reportedly' the world’s leading insurance company serving over 170 Mln customers, and is ranked at the '10th' position in the Forbes Global 2000 list of world’s largest public companies. As 'reported' earlier in Nov. last year, [Ping An] and the Sanya municipal govt. also signed a strategic cooperation agreement for “Smart City” construction involving blockchain.

The press-release further adds that Ping An’ “One Minute Clinics” for medical consultations, that are unstaffed and use AI, are already in use in eight Chinese cities.

Just within the same time, Ping An’ banking subsidiary Ping An Bank also 'revealed' the launch of its boutique bank employing 'blockchain', cloud services and IoT [Internet of Things] tech.

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