# BotChain Introduces Blockchain Protocol To Improve Artificial Intelligence Bots and Autonomous Software Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-05-10 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: Galaxy Digital-backed BotChain launches Ethereum protocol Meta Description: Backed by Galaxy Digital, US-based BotChain secures partners for reliable bot interaction, audit, and fraud reduction on Ethereum blockchain protocol. URL: https://financedigest.com/botchain-introduces-blockchain-protocol-to-improve-artificial-intelligence-bots-and-autonomous-softwarehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd100518-5-1736842754200-compressed.jpg) Backed by Galaxy Digital, US-based BotChain has secured several partners BotChain, the decentralized bot registration, identification, collaboration, and audit platform, today announced the launch of its protocol built on the Ethereum blockchain. Designed to allow businesses to improve their daily interaction with bots and autonomous software, BotChain looks to lay the groundwork for better tracking and auditing of bots, enhance quality control, and significantly reduce fraud. BotChain founder Rob May said, “Autonomous technology holds massive potential but is dangerously under-supported. Bad behavior, dishonest activity manipulation, and spoofing have already led to a number of high profile failures, and as these devices [become more widely](https://www.financedigest.com/euronext-italian-arm-to-become-group-wide-clearer-from-end-2023.html "Euronext Italian arm to become group-wide clearer from end 2023") adopted and influential in our everyday lives, that number will grow at a frightening pace. As such, it is imperative that their integrity is compliant, standardized, and open for healthy audit.” With a mission to create a universal bot registry that verifies bot identity, audits interactions, and controls the boundaries of bot autonomy, BotChain was borne from Boston-based Talla, which builds intelligent assistants to help humans better do their jobs. BotChain offers bot developers, enterprises, software companies, and system integrators the critical systems, standards, and means to validate, certify, and [manage the millions of bots and billions of transactions powered](https://www.financedigest.com/power-management-integrated-circuit-pmic-market-research-report-2022-global-forecast-till-2028.html "Power Management Integrated Circuit (PMIC) Market Research Report 2022 – Global Forecast till 2028") by AI. Leveraging blockchain to [post a record](https://www.financedigest.com/euro-zone-posts-record-trade-deficit-in-august-amid-soaring-energy-prices.html "Euro zone posts record trade deficit in August amid soaring energy prices") of all bot activities on a common, shared, widely-viewable, and secure ledger, BotChain looks to incentivize bot innovation and adoption. Early financial backers of BotChain include leading cryptocurrency [merchant bank](https://www.financedigest.com/why-open-banking-heralds-a-new-era-of-ecommerce-merchant-and-bank-collaboration.html "Why Open Banking Heralds a New Era of eCommerce Merchant and Bank Collaboration") Galaxy Digital. Anthony Habayeb, Head of Partnerships at BotChain said, “Galaxy [Digital has cultivated an unmatched reputation of backing](https://www.financedigest.com/back-in-barcelona-telecoms-bosses-stake-claim-to-digital-future.html "Back in Barcelona, telecoms bosses stake claim to digital future") only the highest-caliber projects. The support we’ve received from Galaxy and the number of partners already onboard are tremendous votes of confidence supporting BotChain’s goal of bringing trust to the [artificial intelligence](https://www.financedigest.com/machine-learning-in-artificial-intelligence.html "Machine learning in artificial intelligence") sector.” BotChain has secured a critical mass of aligned partners, including Gupshup, a platform for developers, and B2B enterprise bot developers Howdy.ai, Polly, CareerLark, Disco (formerly Growbot), Zoom.ai, and Botkeeper. Together, BotChain’s early partners represent 50,000 developers, over 150,000 enterprise and consumer facing bots, 400 million [end users](https://www.financedigest.com/paper-recycling-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Paper Recycling Market Competitive Growth Strategies Based on Type, Applications, End User and Region"), and 4 billion monthly interactions. Gupshup Co-Founder and CEO BeerudSheth said, “Trust, identity, and authentication are the foundation of virtually all human interactions. As bots emerge as agents that humans and other bots interact with, those interactions must be backed by irrefutable [recording systems](https://www.financedigest.com/market-for-tire-pressure-monitoring-systems-market-to-record-significant-incremental-dollar-opportunity-through-2026.html "Market for Tire Pressure Monitoring Systems Market to Record Significant Incremental Dollar Opportunity Through 2026"), particularly in the enterprise environment. The team at BotChain recognizes this problem, and their [development of a decentralized model](https://www.financedigest.com/research-and-technological-innovations-to-bolster-developments-in-animal-model-market.html "Research and Technological Innovations to Bolster Developments in Animal Model Market") for enabling trust is a meaningful step toward solving it.” “No matter how groundbreaking, revolutionary, and beneficial [artificial intelligence](https://www.financedigest.com/artificial-intelligence-in-banking-robo-advisors-and-beyond.html "Artificial Intelligence in Banking – Robo Advisors and beyond") is, mainstream adoption of this technology will only happen if people trust it. Blockchain offers the unprecedented opportunity to [pull back](https://www.financedigest.com/generali-pulls-back-from-russia-intesa-reviews-business.html "Generali pulls back from Russia, Intesa reviews business") the curtain on the interactions of bots in a manner that is efficient and inherently secure, and we are incredibly excited to utilize it to create a transparent and open bot ecosystem,” added May. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---