AMA with our Product Director — Transcript

Sercan: Before starting the AMA, I would like to briefly remind you, dear Matrixians, who Ethan is, a valuable part of the Matrix team.

Mr. Ethan Tian is the vice president of operations of MATRIX AI Network. A graduate of Peking University, Ethan once worked as a senior R&D engineer at Microsoft and has extensive experience in the development of large-scale software systems, computing platforms and multiple blockchain projects.

Ethan: Hello, everyone! I am Ethan.

Hello all Matrixians! Welcome to our Telegram AMA today. Matrix Intelligent has a great AMA waiting for us with information about contracts. Today we’ll be hosting our product director, Ethan Tian. Ethan, welcome!

Ethan: Thank you , Sercan!

Sercan: Great! Our product director, Ethan, will be answering questions about Intelligent Contracts that we have previously collected from you, our valued Matrixians.

So let’s start with the first question. Are you ready, dear Ethan?

Ethan: Let’s go, sercan.

Question 1: Will the establishment of this intelligent contract mean that the project won’t actually require a programmer or designer?

Ethan: Just like all artificial intelligence (AI) models, creating a system that operates without the need for programming is a long-term goal we are pursuing. This vision represents the future direction of technological development, aiming to make AI technology more widespread and accessible, regardless of the technical background of the user. However, to achieve such a goal, we have a long road ahead of us. Current technological developments and practical applications indicate that while we have made some progress, overcoming the numerous technical and practical challenges to achieve complete no-code operation still lies ahead.

For now, the Intelligent Contract we have introduced is designed to minimize the dependence on users’ programming skills. This means that even users without a programming background can get started, which is already a significant advancement in the current technological landscape. We are striving to lower the technological barrier as much as possible by providing an intuitive user interface and simplified operation process, so that more people can use our AI model to solve real-world problems.

Nevertheless, for those users with some programming background, they can gain a deeper understanding and make use of the advanced features of the Intelligent Contract. Programming knowledge can help users to better customize and optimize the contract’s functionalities, enabling more complex logic processing and data analysis. This not only increases the model’s flexibility and application scope but also provides users with more possibilities to explore and innovate.

Sercan: What you said is really exciting! Given that blockchain is the next big thing in technology, this capability truly positions MATRIX as a potential game changer. Now let’s move on to the second question;

Question 2: Dear Ethan, what advantages does using intelligent contracts on the Matrix AI Network offer compared to traditional contract methods? Can intelligent contracts on the Matrix AI Network be customized or tailored to specific needs or industries?

Ethan: Intelligent Contracts on the Matrix AI Network are designed to reduce users’ reliance on programming skills, signifying an intention to make smart contract technology accessible to a broader audience. In many cases, simple contract operations do not require any programming knowledge, significantly expanding the applicability of smart contract technology and enabling individuals without a technical background to utilize this technology for everyday operations and management. With graphical interfaces or natural language processing-based interactions, users can set up and execute contracts without complex coding.

However, to make Intelligent Contracts serve the specific needs of various industries more accurately, it’s essential to deeply understand and analyze each industry’s data and requirements. This involves not only collecting and processing a vast amount of industry data but also conducting in-depth analyses to comprehend the operational patterns and key needs of different sectors. Based on these insights, we can design intelligent contracts that are more aligned with real-world application scenarios, thus better addressing industry-specific issues.

Moreover, to enhance the precision and efficiency of the Intelligent Contracts model, we need to gather a large collection of industry-related contract examples to serve as a corpus for model training and upgrades. These real-world contract cases provide a rich data resource for model training, helping the model better understand and manage industry-specific contract logic and terms, thereby improving the applicability and reliability of smart contracts.

Therefore, we look forward to collaborating with experts and businesses across various sectors to delve deeper into specific areas. Through such collaborations, we not only gain valuable industry data and insights but also explore the potential applications of smart contract technology in specific domains, driving technological innovation and industry progress. We believe that through continuous effort and collaboration, Intelligent Contracts can bring revolutionary changes to more industries, achieving more efficient, transparent, and secure operational models.

Sercan: Nice! Thank you for your insightful and comprehensive response, Ethan. It is clear that the goal of achieving a system that does not require programming is ambitious, but also a journey that requires overcoming various challenges. While our Intelligent Contract Platform provides flexibility to users with a programming background, the steps taken to minimize dependence on programming skills are commendable. We appreciate your efforts to make AI technology more accessible and look forward to future advancements of our project.

Matrix AI Network’s smart contract technology is widely accessible.

So, let’s move on to question 3.

Question 3: Does your platform allow developers to work with other blockchain languages besides Solidity?

Ethan: At the moment, we only support Solidity. However, we may consider expanding to other languages in the future, depending on the development of the industry.

Sercan: interesting.. We will be looking forward to future works. Let’s move on to question 4.

Question 4: How does the Intelligent Contract align with Matrix AI Network’s broader goals and vision, and how does it contribute to the overall ecosystem of the network?

Ethan: The Matrix AI Network is striving to build a blockchain network that is both easily accessible and highly intelligent, with the introduction of Intelligent Contracts being a key step in this vision. By simplifying the smart contract development process, Intelligent Contracts aim to empower users without programming backgrounds with the ability to create and manage smart contracts. This innovative feature significantly lowers the entry barrier and allows the powerful potential of blockchain technology to be unleashed in a wider range of application scenarios.

Intelligent Contracts offer an intuitive, user-friendly interface combined with advanced natural language processing technology, allowing users to define their contract conditions and logic in everyday language. This greatly simplifies the smart contract creation process, enabling non-technical users to easily participate in the development of blockchain projects. Moreover, as AI technology continues to advance, the capabilities and efficiency of these smart contracts also improve, further expanding their application scope and impact.

As the Intelligent Contract product continues to be optimized and developed, its success will attract more people to join the Matrix AI Network, whether they are technology developers, entrepreneurs, or general users, all finding their place on this platform. This not only promotes community growth but also brings a richer set of application scenarios and more diverse contract needs to the Matrix AI Network, further stimulating the network’s activity and innovation capacity.

Eventually, as more people join the Matrix AI Network, this blockchain network will become a vibrant ecosystem, where intelligent contracts serve as bridges connecting different applications and services, promoting the efficient flow and utilization of resources. The Matrix AI Network is committed to not only technological innovation but also to using these innovations to promote social progress and development, aiming to extend the benefits of blockchain technology to a broader audience.

Sercan: Great! All of this represents a significant step forward for the Matrix AI Network. The future is exciting.

Aligning Intelligent Contracts with the broader vision of the Matrix AI Network clearly underscores our platform’s commitment to accessibility and innovation.

We look forward to witnessing the continued growth and success of Matrix AI Network. Now let’s move on to question 5

Question 5: Can you discuss any plans for community engagement and involvement in the development and promotion of Intelligent Contract, fostering a sense of ownership among users?

Ethan: In the development and optimization process of our artificial intelligence (AI) models, having massive amounts of data alone is insufficient to ensure the models’ efficiency and accuracy. The quality of the data and the effectiveness of the feedback mechanism are crucial for iterative improvements to the model. Hence, we place great importance on the actual experiences and feedback of community members while using our products. We encourage community members not only to use our products but also to actively provide feedback on issues encountered, suggestions made, and successful cases shared. This valuable feedback will be directly utilized to guide more accurate and efficient model training, enabling our AI models to better serve the needs of our community.

To motivate more community members to participate in this process, we plan to launch a series of incentive measures and reward schemes. These initiatives are designed to reward community members who contribute to the improvement and optimization of our AI models, whether through providing data feedback or sharing innovative use cases. We believe that such incentive mechanisms can foster more active community involvement in our project, collectively driving the progress and perfection of our AI models.

Furthermore, we warmly welcome community members to communicate and exchange ideas with us on any aspect that might contribute to the project’s development. Not limited to data feedback, any ideas and suggestions beneficial to product improvement, market expansion, or technological innovation will receive our full attention and consideration. We believe that through open communication channels and close community cooperation, we can more effectively gather wisdom and resources from all sides to collectively address challenges and drive the project forward.

In this rapidly developing field of AI, the power of the community is indispensable. We look forward to the participation and contributions of every community member, not just as users of our products but as collaborators and promoters of project development. Let’s move forward together, aiming to build a more intelligent, efficient, and influential AI project.

Sercan: Thank you, Ethan, for your detailed response outlining our plans for community engagement. I like the idea of fostering a collaborative environment. It’s not just about using the product; it’s about actively shaping its development. That sense of ownership could really drive engagement. Let’s continue with question 6.

Question 6: How does MATRIX AI Network ensure the security and privacy of user data within Intelligent Contract, especially considering the involvement of sensitive legal information in the contract generation process？

Ethan: The MATRIX AI Network places a high priority on the security and privacy of user data within Intelligent Contracts, especially given the potential sensitivity of legal information involved in the contract generation process. Currently, the contract information generated using our platform is only saved locally on the user’s device, specifically in the local cookies, and is not stored in any centralized or decentralized storage mediums. As our product continues to evolve and improve, we plan to implement more comprehensive local management practices for the information generated by our customers. Information that needs to be uploaded to the cloud will be handled using MATRIX’s InterPlanetary File System (IPFS) storage solutions.

This approach ensures that sensitive data remains under the user’s control, significantly reducing the risk of unauthorized access or data breaches. By leveraging the decentralized nature of IPFS, MATRIX AI Network aims to enhance the privacy and security of data, providing a robust framework for managing sensitive contract information. This method aligns with our commitment to protecting user data while also facilitating the efficient and secure generation and management of legal contracts through Intelligent Contracts.

Sercan: Thank you, Ethan. I appreciate the transparency about how user data is handled within Intelligent Contracts. It’s essential for users to know that their information is being handled securely and responsibly.

Our emphasis on local data storage and the use of MATRIX’s Interplanetary File System (IPFS) storage solutions demonstrates our commitment to protecting sensitive information while ensuring efficient contract creation and management. MATRIX AI Network dedication to protecting user privacy and security while facilitating seamless and secure contract processes. Great questions. So let’s continue with question 7.

Question 7: What kind of testing opportunities do you offer users during the smart contract development process? For example, does your platform have a testnet?

Ethan: Currently, we do not integrate support for a testnet service. In principle, the smart contracts produced by Intelligent Contract can run on the testnets of all EVM-compatible blockchains.

Sercan: It’s good to know that the Intelligent contracts can still be tested on various EVM-compatible blockchains’ testnets. Let’s move on to question 8

Question 8: Dear Ethan, who gains the most — individuals, companies, or governments — from intelligent contracts?

Ethan: Without a doubt, in this era driven by artificial intelligence (AI) technology, the most direct beneficiaries are ordinary individuals. The proliferation and application of AI technology have brought unprecedented opportunities to individuals, enabling everyday people to acquire professional skills that previously required extensive learning and practice. This transformation represents a breakthrough revolution for personal self-development and skill enhancement. It not only expands the boundaries of individual capabilities but also paves new paths for personal career development and life improvement.

Taking our product as an example, by combining AI technology with smart contracts, we have enabled individuals without a programming background to design and implement smart contracts. This means that participation in the world of blockchain and digital contracts is no longer limited to those with professional programming skills. Now, anyone can use our platform to create and manage smart contracts, enabling automated transactions and services without needing a deep technical background. This significantly lowers the barrier to entry, allowing more people to utilize this revolutionary technology to realize their creative ideas and objectives.

Sercan: Great! Thanks for the answer. It is interesting to see the emphasis on empowering individuals with AI-driven technology. Last 2 questions left. Let’s move on to question 9.

Question 9: What are the best times for firms to deploy intelligent contracts, and what aspects should they take into account?

Ethan: The question of when firms should deploy intelligent contracts, particularly in the context of exchanging critical data with external entities, elicits various perspectives and answers. From my standpoint, it is clear: whenever a company needs to exchange critical data with external entities, utilizing blockchain-based smart contract technology (blockchain + intelligent contracts) is strongly recommended as one of the potential technical solutions. This combination of technologies can significantly reduce the trust cost required for enterprises to communicate externally. Moreover, due to their transparent and immutable characteristics, they can effectively enhance trust between enterprises, thus facilitating the spread of corporate credit within the entire ecosystem.

Blockchain technology provides a secure, transparent, and immutable platform for data exchange between enterprises through its distributed ledger characteristics. This means any transaction or data exchange conducted on the blockchain can be verified by all participants in the network but cannot be controlled or altered by any single entity. This mechanism greatly reduces the cost of trust between the transaction parties, as the validity and authenticity of the transactions can be guaranteed by the technology itself.

Furthermore, the introduction of intelligent contracts (Intelligent Contracts) offers the possibility of automatically executing contract terms, further enhancing the applicability of blockchain for data exchange between businesses. Intelligent contracts can automatically execute the stipulations within the contract when predetermined conditions are met, without the need for third-party intervention or verification. This not only increases the efficiency of transactions but also reduces the risk of errors or fraud during contract execution.

By combining blockchain and intelligent contracts, companies can be provided with a safer, more efficient, and trustworthy platform for data exchange and cooperation. This goes beyond simplifying and speeding up transactions between businesses; it also helps build and spread trust throughout the entire corporate ecosystem, thereby fostering broader cooperation and innovation.

Sercan: The emphasis on utilizing intelligent contracts whenever critical data exchange with external entities is involved makes sense. It’s crucial for firms to prioritize trust and security in such transactions. And we come to the last question of our AMA. Are you ready for the last question, Ethan?

Ethan: yes, Sercan

Question 10: Can you share your plans for future updates of your platform? Do you have any plans for new features or language support?

Ethan: Our product is designed to deliver the most accurate and reliable results. We understand that the core value of our product lies in its ability to meet user needs and solve real-world problems. Therefore, we have invested significant resources in data analysis, algorithm optimization, and improving the user experience. Our goal is to create a product that is not only powerful but also easy to use, bringing genuine value to our users.

As our product strength continues to grow and market demand gradually expands, we recognize the importance of introducing multilingual versions. Language serves as a bridge connecting our product with global users. To make our product accessible to non-native English speakers and achieve true global coverage, launching multilingual versions has become an important part of our plan. We plan to start the development of multilingual versions once the core functionalities of our product are stable and its accuracy reaches an industry-leading level. This will not only expand our market share but, more importantly, will allow our product to benefit users in more corners of the globe, truly realizing the inclusivity of technology.

We will launch these multilingual versions when the timing is right. Our team is closely monitoring the progress of our product development and market feedback to ensure we make the expansion decision at the optimal time. This strategy reflects our commitment to product quality and shows our planning and anticipation for future development. We believe that through continuous effort and pursuit, our product will not only lead technologically but also have a greater impact on the global market.

Sercan: The focus on continual improvement and anticipation of future needs is commendable. Introducing multilingual versions will not only expand market share but also enhance the our product’s accessibility and usability for a wider audience.

And we have come to the end of our event. I would like to thank you Matrix members for your valuable questions and our product director Ethan Tian for his valuable answers.

Ethan: Thank for all Matrixians！

Sercan Muslu: Into the Matrix.

Ethan tian: Into the Matrıx.

The Matrix AI Network was founded in 2017. In 2023, we enter Matrix 3.0 blending neuroscience with our previous work to realize the vision of the Matrix films.

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