Leading​ ​Artificial​ ​Intelligence​ ​Startup​ ​Announces​ ​Further​ ​Innovation: BotChain​ ​to​ ​Make​ ​Enterprise​ ​Bots​ ​Auditable​ ​and​ ​Compliant

Dec 06, 2017 at 11:42 // PR
BotChain

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​ ​ hello@talla.com

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Media Contact
Name: Brooke Torres
Website:  botchain.talla.com
Email:  pr@talla.com

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