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Why is FLOCK (FLOCK) Trending?

7d ago
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FLock.io (FLOCK), a provider of decentralized AI infrastructure, has announced a strategic partnership with the Hong Kong Generative AI Research and Development Centre (HKGAI), a leading government-backed AI institution in Asia.

Additionally, this collaboration marks a significant step towards integrating decentralized AI solutions into public sector operations, with FLock.io appointed as HKGAI’s sole decentralized AI training provider.

Moreover, following the announcement, the crypto community has enthusiastically responded. It has been met with positive market sentiment, reflected in a surge in the FLOCK native token price, which has seen an increase of over 35% in the last 24 hours.

FLOCK experienced a significant surge in trading activity over the past 24 hours, with a volume of $104.5 million, marking a 10.40% increase compared to the previous day, indicating heightened market engagement.

FLock.io and HKGAI Integration

The HKGAI, established in 2023 under the Hong Kong government’s InnoHK initiative, serves as the city’s flagship hub for generative AI research and development. Moreover, the partnership with FLock.io shows HKGAI’s commitment to leveraging cutting-edge technologies to enhance efficiency and innovation within the government and public sectors.

Additionally, under the terms of the agreement, FLock.io will deploy its federated learning technology to support the development of domain-specific AI models tailored to the unique needs of government and public sector applications.

Moreover, according to the statement, this approach enables secure collaboration between multiple institutions on model training without requiring the centralization of sensitive data, addressing critical concerns surrounding data privacy and sovereignty.

Notably, FLock.io has three main parts. The AI Arena is for training models in competitions. The FL Alliance is a private way to work together and improve models without sharing your data. Moonbase rewards people for taking part and helping out. Together, these parts offer a strong system for building and using AI without central control.

Jiahao Sun, CEO of FLock.io, commented on the partnership, stating:

“This strategic alliance demonstrates powerful support for FLock.io’s unique federated learning protocol by one of Asia’s leading government-backed AI institutions. We’re excited to introduce decentralized AI infrastructure into public sector operations, driving efficiency, innovation, and real-world impact.”

The collab with HKGAI follows the recent launch of HKGAI’s inaugural large-scale generative AI model, HKGAI V1. It also coincides with FLock.io’s ongoing collaboration with the United Nations Development Programme (UNDP), where FLock.io serves as an AI strategic partner and mentor in the UNDP’s SDG Blockchain Accelerator.

Integration Roles

Meanwhile, SDG Blockchain Accelerator launched a virtual hackathon, assembling 50 UNDP Challenge Owners and expert Solution Makers to develop blockchain roadmaps for impactful solutions.

The UN Development Programme (UNDP) is the UN’s leading group for international development. It operates in about 170 countries, fighting poverty and unfairness, and helping countries become stronger. UNDP helps countries create good plans, build skills, form partnerships, and set up systems to reach lasting development and the Sustainable Development Goals.

In this role, FLock.io is supporting pilot projects focused on addressing critical global challenges such as climate risk modelling, energy planning, social protection, and supply chain transparency.

Notably, FLock.io and other UNDP partners are running the global SDG Blockchain Hackathon from August to September—a two-week virtual co-creation process to match pressing development challenges. Participants will build implementation-ready roadmaps rooted in real-world development contexts, moving beyond traditional hackathon formats.

This strategic partnership between FLock.io and HKGAI represents an advancement in the adoption of decentralized AI technologies within the public sector by leveraging federated learning and other innovative solutions.

The post Why is FLOCK (FLOCK) Trending? appeared first on Cointab.

7d ago
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