Pairing AI with blockchain is like adding turbo to your engine – together, they're driving us into tomorrow.
Our Technology
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We use blockchain technology to enhance transparency in fundraising projects through the use of smart contracts and SDKs. The oracle layer acts as a bridge between the blockchain and the real world, providing developers with an on-chain API to access information for smart contracts. The oracle layer also gathers information about the credibility and transparency of donations from the AI layer, which is then used to trigger predefined conditions such as a charity fund release schedule.
In blockchain, SDK stands for Software Development Kit. It is a collection of software development tools in one package that enables developers to build applications for a certain software or platform. EleaTek SDKs will have pre-built libraries and APIs, tools for creating and managing smart contracts, as well as other features such as wallet functionality and data analytics.n text goes here
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AI will be used to audit how money is spent in a number of ways. One is to use natural language processing (NLP) to analyze financial reports and other documents, such as annual reports and tax filings. This can help to identify patterns or anomalies in the organization’s spending, such as a high percentage of funds going to luxury costs, or large amounts of money being spent on travel or other expenses that may not be directly related to the chosen mission or goal.
Another route is using machine learning to analyze data from various sources, such as social media and news articles, to better understand how the organization operates and how its funds are being used. This can help identify potential issues or concerns, such as a lack of transparency or accountability, which can be investigated further.
Overall, the use of AI in charity auditing will help to increase transparency, accountability, and trust in the sector. It will also help to identify potential issues early on so that they can be addressed before they become major problems.
However, it is important to note that AI is not a replacement for human oversight and judgment, rather it can be used as a powerful tool to assist the auditing process. That’s why we make use of humans to check the last mile.
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Web 2.5 is like a bridge between Web3 and Web2.It mixes the best of both worlds: the tried-and-true money-making methods of Web2 with the innovation of Web3 tech.