The Pi Network Company plans to integrate artificial intelligence (AI) into its standard Know Your Customer (KYC) process. A similar technology has already been tested in the Fast TracKYC client identity verification system, launched in September.
According to a blog post from the development team, Pi will use AI in the KYC process to accelerate verification and address migration issues for millions of users preparing for the mainnet launch.
The standard KYC mechanism is the most common way to transition Pioneer user accounts to the main network, so the Pi Core Team uses artificial intelligence to process applications to halve the queue of KYC applications awaiting human verification.
The standard KYC procedure using the AI-based Fast TracKYC system.
Under the standard KYC model, any user of the network was required to have at least 30 mining sessions before applying for standard identity verification (KYC). In September, an accelerated TracKYC was launched, which removed this barrier for dent identity verification for users with fewer than 30 mining sessions, even for those who were not yet active participants in the Pioneer network.
Eligible users see this option directly in the Pi Wallet app, and upon approval, they can activate their wallet in the main network. After several months of observation, Pi Network decided to integrate the core AI technology from Fast TracKYC into a larger Standard KYC process for migration.
According to the project developers, AI increases the system's throughput, helping to address the shortage of validators in certain regions, which had slowed migration to markets with fewer participants capable of processing data.
It also reduces the burden on validator experts and decreases the amount of information they provide. Confidential data was removed even before this update, and the new process displays even less, but accurate information.
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«Since the AI verification is intentionally set to a very conservative approach to prevent false positives, any questionable cases are still directed to human experts for further review and determination, as well as to reduce the number of false negatives, that is, cases that should have been approved but were rejected by the AI», wrote in her blog.
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In complex or uncertain cases, human experts will still be involved, but automated verification may free up space for new services within the ecosystem, such as feedback from people for AI models and their training.
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The Pi network assigns rewards to validators.
In its latest blog post, the Pi team mentioned that the distribution of rewards among the validator community continues, and the first payment cycle will require a detailed audit and assessment of task data generated since 2021.
Engineers process hundreds of millions of validation tasks performed at various stages of system development, including beta periods, testing phases, initial loading stages, and the current scalable environment. They also need to consider discrepancies based on task type, quality, and outcome.
Developers claim that the validator reward program will have a fair distribution model that takes into account differences in the volume and quality of work.
Validators must create an architecture capable of delivering rewards to participants in the Pioneer program and support future cycles, with the distribution system set to launch by the end of the first quarter of 2026.
As part of the project, about three million people with pre-verified KYC status must undergo the necessary checks to function in the application. 17.5 million pioneers have fully completed KYC, and 15.7 million have transitioned to the main network.
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The P1 index price fell by 4.8% over 24 hours.
The PI token recently dropped below its 30-day simple moving average of $0.232 and is now approaching the double top support line at $0.204. Over the past 24 hours, the coin has lost nearly 5% of its value, resulting in total weekly losses of 10.71%.
The parent company of Pi Network, SocialChain Inc., faced a lawsuit from Arizona resident dent Moen, filed in the U.S. District Court for the Northern District of California at the end of October. A hearing in the case is scheduled for December 23.
Moen sued SocialChain for the unauthorized transfer of approximately 5137 Pi tokens from his wallet. The plaintiff also claims to have incurred financial losses due to the "token value crash," stating that when PI dropped from a "real value" of $307.49 to $1.67, he lost nearly $2 million.