Boston,​ ​MA​, ​December 1st,​ ​2017​ ​—​ ​Announcing​ ​its​ ​utility​ ​token​ ​sale​ ​this​ ​week,​ ​Talla,​ ​a​ ​leader in​ ​enterprise​ ​A.I.​ ​software,​ ​today​ ​shared​ ​the​ ​development​ ​of​ ​their​ ​new​ ​BotChain​ ​network.​ ​After two​ ​years​ ​and​ ​over​ ​2500​ ​installations​ ​of​ ​Talla​ ​bots​ ​at​ ​various​ ​companies,​ ​Talla​ ​recognized​ ​the need​ ​for​ ​compliant​ ​enterprise​ ​bots​ ​and​ ​for​ ​bot​ ​actions​ ​to​ ​be​ ​audited​ ​and​ ​inspected.

As​ ​artificial​ ​intelligence​ ​makes​ ​agents​ ​and​ ​bots​ ​more​ ​autonomous,​ ​and​ ​reinforcement​ ​learning makes​ ​them​ ​more​ ​unpredictable,​ ​the​ ​need​ ​to​ ​constrain​ ​and​ ​capture​ ​their​ ​actions​ ​for​ ​training, auditing,​ ​and​ ​compliance​ ​becomes​ ​more​ ​urgent.​ ​BotChain​ ​works​ ​by​ ​creating​ ​digital​ ​certificates with​ ​every​ ​bot​ ​action​ ​and​ ​storing​ ​those​ ​certificates​ ​on​ ​a​ ​blockchain​ ​for​ ​creating​ ​an​ ​identity​ ​for each​ ​bot.​ ​Companies​ ​with​ ​decryption​ ​keys​ ​can​ ​then​ ​audit​ ​or​ ​inspect​ ​those​ ​certificates​ ​and​ ​this will​ ​help​ ​to​ ​monitor​ ​bots’​ ​activities.

 ​“As​ ​more​ ​organizations​ ​deploy​ ​intelligent​ ​robotic​ ​processes,​ ​the​ ​need​ ​for​ ​BotChain​ ​is​ ​only​ ​going to​ ​grow.​ ​Compliance​ ​is​ ​incredibly​ ​important​ ​to​ ​large​ ​enterprises,”​ ​said​ ​Michael​ ​Maloney,​ ​the former​ ​blockchain​ ​CTO​ ​at​ ​Ernst​ ​and​ ​Young.

​​His​ ​statement​ ​was​ ​further​ ​echoed​ ​by​ ​​Chris​ ​Curran from​ ​PricewaterhouseCoopers​ ​(PwC):

​”As​ ​bot​ ​processes​ ​grow​ ​within​ ​organizations,​ ​it​ ​makes sense​ ​that​ ​they​ ​would​ ​be​ ​subject​ ​to​ ​​risk​​ ​and​ ​compliance​ ​requirements​ ​just​ ​like​ ​any​ ​other workers.”

This​ ​becomes​ ​increasingly​ ​important​ ​as​ ​bots​ ​start​ ​to​ ​handle​ ​workflows​ ​that​ ​require​ ​certification, like​ ​HIPAA,​ ​SOC2,​ ​and​ ​more.​ ​BotChain​ ​allows​ ​auditors​ ​to​ ​validate​ ​that​ ​bots​ ​are​ ​compliant​ ​with the​ ​requirements​ ​of​ ​these​ ​workflows.​ ​BotChain​ ​also​ ​manages​ ​bot​ ​registration​ ​and​ ​identification.

“Bots​ ​are​ ​starting​ ​to​ ​be​ ​spoofed.​ ​Hackers​ ​are​ ​using​ ​them​ ​to​ ​steal​ ​information​ ​and​ ​because​ ​of this,​ ​bot​ ​identity​ ​is​ ​rapidly​ ​becoming​ ​an​ ​issue.​ ​BotChain​ ​is​ ​an​ ​identity​ ​solution​ ​for​ ​bots,​ ​so​ ​that​ ​as humans​ ​interact​ ​with​ ​more​ ​bots,​ ​or​ ​bots​ ​interact​ ​with​ ​each​ ​other,​ ​they​ ​can​ ​quickly​ ​establish trust,”​ ​said​ ​Rob​ ​May,​ ​CEO​ ​at​ ​Talla.

The​ ​BotChain​ ​provides​ ​critical​ ​systems​ ​for​ ​anyone​ ​that​ ​uses​ ​A.I.​ ​powered​ ​products,​ ​as​ ​well​ ​as those​ ​that​ ​develop​ ​them.​ ​For​ ​example,​ ​end​ ​users​ ​of​ ​any​ ​A.I.-powered,​ ​autonomous​ ​system​ ​will gain​ ​an​ ​auditable​ ​trail​ ​of​ ​interactions​ ​and​ ​decisions​ ​made,​ ​accomplished​ ​by​ ​hashing​ ​information about​ ​each​ ​agent​ ​task​ ​to​ ​the​ ​blockchain​ ​so​ ​it​ ​is​ ​immutable.​ ​Bots’​ ​identities​ ​are​ ​verified​ ​with certainty​ ​to​ ​the​ ​humans​ ​that​ ​use​ ​them,​ ​and​ ​to​ ​other​ ​bots,​ ​preventing​ ​bot​ ​spoofing​ ​and spamming.

Developers,​ ​companies,​ ​and​ ​individuals​ ​will​ ​need​ ​Botcoins,​ ​the​ ​token​ ​of​ ​the​ ​BotChain,​ ​in​ ​order​ ​to​ ​transact.​ ​The​ ​token​ ​sale​ ​is​ ​a​ ​way​ ​to​ ​get tokens​ ​into​ ​the​ ​market​ ​at​ ​launch.​ ​It​ ​is​ ​currently​ ​anticipated​ ​that,​ ​of​ ​the​ ​tokens​ ​initially​ ​created, 50%​ ​will​ ​be​ ​sold​ ​to​ ​the​ ​public,​ ​and​ ​those​ ​that​ ​are​ ​not​ ​sold​ ​will​ ​be​ ​burned.​ ​Further,​ ​it​ ​is anticipated​ ​that​ ​twenty​ ​percent​ ​of​ ​the​ ​tokens​ ​will​ ​be​ ​reserved​ ​for​ ​BotChain​ ​partners,​ ​advisors, and​ ​developers. The​ ​terms​ ​of​ ​Botchain’s​ ​utility​ ​token​ ​sale​ ​remain​ ​subject​ ​to​ ​change.​ ​Companies interested​ ​in​ ​building​ ​on​ ​BotChain​ ​should​ ​reach​ ​out​ ​to​ ​Talla​ ​to​ ​learn​ ​more​ ​at​ ​[email protected]

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Media Contact
Name: Brooke Torres
Website: botchain.talla.com
Email: [email protected]

Botchain is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest