ORS Group announced its expansion into the blockchain space. This leading supplier of cross-industry software solutions specializes in automating business processes using proprietary Artificial Intelligence, Machine Learning and Big Data Analytics algorithms. Venturing into blockchain technology, it aims to combine its experience in the field of AI with blockchain. As such, ORS is developing Hypersmart Contracts to take advantage of both worlds.
The Future with ORS
ORS hopes to turn 1 billion people into small entrepreneurs by 2040 with this development. This might sound odd, since automation has created more concentration of wealth in many instances. Nevertheless, ORS is convinced it can apply its experience together with blockchain technology to avoid a future scenario in which a few giant corporations and wealthy individuals might control robotic plants and global assets. ORS will therefore use blockchain to release its algorithms and technology to the masses. This will enable any entrepreneurial individual to take advantage of the technology and have a competitive advantage.
A Well-Established Company
ORS Group is confident it can achieve its goals. The confidence stems from its well-established reputation in the global A.I. and big data industry. ORS also has a formidable team of scientists and IT developers including mathematicians, econometricians, physicists, economists and other experts in the fields of science. Fortune 2000 enterprises are among its customers, which are involved in industrial activities in sectors such as retail, energy, finance, and manufacturing. ORS Group software solutions save their clients over $1 billion yearly.
Blockchain: The Next Frontier
ORS has been developing new technology called Digital Alphabet. The development of this technology comes after ORS recognized that blockchain technology can be used for a variety of tasks, such as:
- Collecting information.
- Sharing this information with ease.
- Securing data.
- Executing smart contracts which can reduce the cost of many economic activities.
- Replacing intermediaries with P2P interaction.
Digital Alphabet will leverage all these advantages that blockchain technology brings and will combine it with AI. This is how the new Hypersmart Contracts will be created.
Hypersmart Contracts will become intelligent connectors. They will activate AI algorithms off-chain to optimize tasks and solve complex efficiency problems using on-chain data. These contracts can also carry out payments using cryptocurrency. The combination of these technologies in Hypersmart Contracts can lead to significant improvements globally. Supply chains will run more efficiently with them.
A good example to understand how this optimization will take place, involves small scale farming. Algorithms can be used to predict crop yields. Blockchain can provide the information necessary to carry out dynamic price optimization and transparency about the whole supply chain involving the crops. Cryptocurrency will allow everyone involved to get their payments instantly. This means small farmers can acquire the leverage they have lost when they negotiate with distributors.
For the Community
ORS Group will make these algorithms and solutions available to the community, through the deployment of its ABC technology. The building blocks of ABC will be: Artificial Intelligence, Blockchain, and Cryptocurrency. In the hands of entrepreneurs, this technology will level the playing field.
Fabio Zoffi, ORS Group’s CEO asserts that “It’s no secret that automation and AI are going to change the world very quickly. I want ORS Group to help ensure a bright future for our children, not a dystopian one. A future that is more creative, entrepreneurial and more equal. But not everyone has the skills or knowledge to run and grow a business that can compete globally; thanks to our new Digital Alphabet now they can. When I learnt about the blockchain technology everything came together in my mind and we decided to enter the crypto world to help empower a community of developers and entrepreneurs worldwide.”
More About the ORS Group
The ORS GROUP was founded in Italy and it is a software company with over 20 years of experience delivering sophisticated AI-based optimization software solutions to clients world-wide. (www.ors.ai). Its new product, the Hypersmart Contracts – HSC – aims to provide access to more than 1,000 proprietary algorithms and hundreds of software solutions to the Crypto Community and to established businesses (www.orsgroup.io). ORS envisions a planetary network of entrepreneurs and independent companies empowered by the new digital alphabet: ABC – Artificial Intelligence, Blockchain, Cryptocurrency.