My favourite blockchain project is MATRIX.

Matrix is an open-source blockchain that supports smart contracts and machine learning services. With its infrastructure reinforced with artificial intelligence (AI), Matrix aims revolutionise the user experience of executing smart contracts by making the whole process faster, easier, and safer.

It’s a complete blockchain solution which aims to offer flexible blockchain networks that support continuous adaptive self-optimisation and multi-chain transaction. As a result of refactoring the blockchain with AI, Matrix also allows its mining power to be used in AI based big data applications (gene regulatory networks, clinical diagnoses, video analytics, financial modelling etc.) by solving complex AI algorithms and this mining power can be rented out as required by consumers. This takes the large amounts of energy consumed by typical proof of work calculations and allows them to directly add value to the world, and to the applications that will run on the MATRIX chain. The idea is incredibly well thought out and the engineers have had the foresight to think about the issues that may trip up other blockchains down the line in terms of environmentalism, self optimisation and wide-spread smart contract deployment.

Business at Matrix

Matrix are the sole blockchain partner for the National Government commissioned One Belt One Road Research and Development Centre for and sole AI solution for the centre. Matrix will act as an enterprise incubator and will be the only blockchain project adopted by companies which pursue OBOR goals with the centre. The national government have put aside trillions to pour into belt and road projects and have recently invested $2.1 billion in an AI research park in Beijing. A perfect combination. It’s a certainty that many international contracts both between governments of different countries and companies of different countries will be signed as a result of this partnership
Invested in by F&H VC, which is lead directly by the former CTO of Alibaba Group
Partnered with Hyperledger
Have a deep partnership with Gecheng IP, one of the most renowned IP firms in China with clients such as Total, Dell, Bentley, LG, Qualcomm and more. Gecheng is working with Matrix to move their work flow to the blockchain meaning that there’s potential for all of the clients that they work with to interact with the Matrix blockchain as well
Partnered with CY Credit, who are a big data technology service company which, under the guidance of the central government and national development and reform commission, are enhancing credit information sharing and reporting data domestically and internationally. A perfect use for blockchain.
Partnered with the Malaysian Industry-Government Group for High Technology. A government body in Malaysia under the Prime Minister’s department put together to align industry and government in Malaysia. Their primary goal is to act as an interlocutor between members in order to push forward Malaysia’s high tech industry in accordance with government goals. Members include giants like Petronas, Sime Darby, and Honeywell.