The topic of crypto regulation has been raised for many years in a row since the authorities saw the huge growing popularity of alternative financial instruments. Some countries are trying to ban crypto transactions, while others, on the contrary, give the green light. But it is impossible to say that the world has formed a clear legislative base on this issue. Cryptocurrency laws change almost every year, making the owners of crypto assets nervous. The issue is especially acute for companies that invest in or accept cryptocurrencies from clients.

Malta-based virtual assistant firm Vaiot has integrated IBM's Watson Assistant with the Cosmos blockchain to sell car insurance. The new platform features an end-to-end sales process that does not require human assistance to complete the car insurance contracts. The mobile app interacts with customers via voice or text, initially asking a series of questions to identify and suggest insurance options. Once signed, the contract is stored on the Cosmos SDK in the form of a smart contract, underpinned by the Tendermint Protocol. The AI monitors the deal and automatically begins the insurance coverage once the payment goes through.