Your personal assistant in cryptocurrencies powered by IBM Watson takes the plunge!
Posted:
| Last updated: April 12th, 2024
The French startup Daneel is launching its first Artificial Intelligence of the same name and dedicated to helping investors and newcomers in the cryptocurrency market by providing them with advanced market data analysis. The Smart Assistant is available on the AppStore and Google Playstore.
Today marks a turning point for the French startup, Daneel, with the launch of its flagship product to the general public: a personal assistant in cryptocurrencies that promises to assist investors and beginners.
Daneel provides the most relevant data from the cryptocurrency market such as a curated newsfeed avoiding fake news, rumors and filtered according to the user’s need. The Smart Assistant is also capable of retrieving the market sentiment and emotion by analyzing millions of data from social medias, forums and crypto-specialized websites.
Inspired by their own needs as cryptocurrency investors, the team behind the project wanted to address a very real market problem, namely information overload and unreliability. From this came the idea of an intelligent assistant capable of gathering, filtering and analyzing information to make it intelligible. To achieve this goal, the team has surrounded itself and entered into a partnership with the giant IBM, using Watson, one of the most powerful AIs on the market, which allows Daneel to manage the news in an optimal way and to bring out the subjective information in a text, in particular to improve the market sentiment score.
Joseph Bedminster CEO & Founder at Daneel says:
“We believe that Blockchain and cryptocurrencies are stunning new technologies that should be within everyone’s hands. Our goal is to support mass adoption by helping novices and businesses to get on board and to provide them with the most reliable data from the market in the easiest way possible: by simply asking for it”
Jonathan Fianu, Director at PredictX [A.I] & entrepreneur says:
“The design of the Daneel beta app in particular stood out as being well styled and fluid. I see real value in the daily news feed and market sentiment update.”
Here is how Daneel will help crypto users:
- News curation: global and per currency
- Market sentiment: global and per currency
- Education: through a daily learning program and by asking Daneel in the chatbox
- Market insights: current trends and price prediction.
- Market data: prices, volumes, basic information on currencies, ratings, best rates on exchanges, events, biggest gainers/losers.
Beyond the standard use cases through the Mobile App, the platform is also designed to benefit key stakeholders in the background such as exchanges, banks, VCs and professional traders. Overall, by providing these ‘background’ partnerships in conjunction with standard user- facing personal assistant, Daneel is not only a complimentary companion to users trading on a cryptocurrency exchange; but is already designed to interface with existing platforms that enable Daneel to have a more macro-level impact. This is possible thanks to the integration of a Daneel Widget or by using Daneel’s data flow through an API enhancing the stakeholder’s services offering.
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