Problem - Real-World Application Support

Blockchain technology, as the foundation for digital trust, streamlines secure and transparent transactions, highlighted by smart contracts that self-execute without intermediaries. However, this property allows anyone to view transactions, posing risks to personal data exposure and presenting obstacles for privacy management. As blockchain adapts to digital and real-world applications, it faces challenges in tokenization, scalability, maintaining security while offering user-friendly interfaces, and protecting user privacy during its rapid development.

Proposed Solution

The PoY AI Token system seamlessly integrates AI and blockchain into digital and real-world applications by employing advanced cryptographic techniques and innovative coin-based model design. It utilizes homomorphic encryption for secure smart contract computations, ensuring data privacy by allowing encrypted data processing without revealing sensitive information. The system also incorporates Multiparty Computation (MPC) for executing private smart contracts and key management, maintaining user privacy. Trustful Execution Environments (TEEs) further enhance security by isolating code execution from external threats. Distinctively, the BioMatrix ecosystem adopts a unique tokenization approach, where each token is non-fungible and inherently valuable, facilitating direct transferability of smart contracts linked to contract-coins. This system streamlines transactions while maintaining contract integrity. Moreover, PoY AI Tokens introduce a utility-token concept, directly connecting tokens with real-world assets, bridging the gap between digital and physical world and enhancing the platform's versatility for various real-world applications like gaming, car rentals, and property leasing.