AI and Machine Learning Network Fetch.ai Launches its Random Number Beacon on Binance Smart Chain

AI and machine learning network Fetch.ai As mentioned in a blog post by Fetch.ai: "GLOW-DRB is a new decentralized random beacon that [aims to] provide incorruptible sources of randomness for decentralized applications. A "decentralized" Random Beacon is an "incorruptible" (cannot be altered by unauthorized or unapproved entities) and "unpredictable" source of randomness that is computed or calculated by several different parties in a manner that no individual or entity is able to interrupt or interfere with its calculation or "bias its value." These randomness techniques may be used in software programs that require the coordination of several different parties in environments that need high degrees of trust (for e.g., like in the finance or healthcare sectors). As explained by the Fetcha.ai DRB can, for instance, be used to determine which cryptocurrency trades may be matched in decentralized or non-custodial exchanges. The randomness values may also be used to deal cards in a "decentralized" game of poker, choose the winner of a lottery, or determine which service provider in a transport consortium should carry out a delivery. GLOW-DRB differs from the previous BLS scheme in its ability to achieve more reliable security levels known as pseudorandomness, which means that no single node can obtain any information on the random beacon value before other nodes have made their contribution to the multi-party computation."