Previously a futurist vision, automation using artificial intelligence has consistently improved every industry it could get its hands on. A similar benefit has occurred from using cryptocurrencies as a backbone for the most recent wave of decentralized finance, also known as DeFi.
Irish AI and robotics enterprise Elis Technologies is now betting heavily on the mutual synergies between these sectors, which could result in a positive feedback loop for both.
Elis believes that the primary driver of DeFi is that individuals who were previously locked out of access to financial instruments are now able to freely access them on demand and that this can be extended to include autonomous machines as well.
Elis has therefore recognized that the only entry point missing in the field of robotics was the ability for individuals and machines to interface with each other directly — in simple terms: a marketplace for robots, smart contracts and drones.
As a solution, Elis Technologies launched its decentralized Elis Token (XLS), thereby creating the first market for Hardware-as-a-Service developed by an established robotics company.
The robots and drones developed by Elis Technologies deal primarily with leak detection and verifiably reducing the environmental impact in various industries — a welcome use-case for the incontrovertible cryptographic proofs provided by blockchain technology.
The XLS token uses a customized version of the popular ERC-20 standard and can, therefore, freely interact with user-made Ethereum smart contracts, such as Uniswap liquidity provision, farming and more. Furthermore, the Elis token can be redeemed for all services offered by Elis Technologies.
At the time of writing, Elis Token has already been successfully listed on Uniswap and the IDEX decentralized exchange, with further listings on the horizon.
About Elis Technologies Ltd
Elis Technologies Ltd is an Ireland-based robotics and AI enterprise that develops leak detection drones and systems that integrate proprietary 3D GPS eMapping.
3D GPS eMapping autonomously navigates robots and drones during measurements, gathers spatial readings of electric field potentials, as well as GPS coordinates. Data is then interpreted by a neuronal network and recorded on a public blockchain. This creates indisputable proof of measurement, parameters and outcomes for the first time.
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