Public security reports and announcements from Biconomy

Biconomy DAN Transforms CryptoAI Sector with AI-Powered Secure On-Chain Transactions

Jun 11, 2024, 11:35 AM

Web3 infrastructure startup Biconomy has launched a new solution called the Delegated Authorization Network (DAN), which allows users to securely delegate on-chain transactions to artificial intelligence (AI) agents. This innovation leverages the economic security of EigenLayer and is built in collaboration with Silence Labs. The AI agents can execute transactions on behalf of users within user-defined scoped permissions, providing a seamless and secure way to manage on-chain activities. This development is seen as a significant advancement in the CryptoAI sector, enhancing both security and autonomy in blockchain operations. Biconomy DAN supports smart, autonomous trading.