Pi Network will incorporate artificial intelligence (AI) into its Standard Know Your Customer process. The same technology has already been tested in its Fast Track KYC system, launched in September.
According to a blog post from the development team, Pi will use AI in KYC to accelerate identity verification and clear migration bottlenecks for millions of users preparing for the Mainnet.
The Standard KYC mechanism is the most used gateway for Pioneers to move their accounts to Mainnet, so the Pi Core Team is tapping AI to help the system process applications to reduce the queue of KYC submissions awaiting human review by half.
Standard KYC to use Fast Track KYC AI eligibility system
Under the Standard KYC model, anyone joining the network needed at least 30 mining sessions before submitting a Standard KYC application. September’s Fast Track KYC debut removed that barrier for early identity verification for users with fewer than 30 mining sessions, even for individuals who were not yet active Pioneers.
Pioneers who qualify see the option directly in the Pi Wallet app, and once approved, they can activate their Mainnet wallet. After several months of observation, Pi Network has decided to merge the underlying AI technology from Fast Track KYC into the larger Standard KYC workflow for migration.
Per the project’s developers, AI improves system capacity by helping resolve shortages of validators in certain regions, which had slowed migration in markets with fewer participants able to process data.
It also reduces the load placed on human validators and lowers the amount of information shown to them. Sensitive data had already been redacted before this update, and the new process shows even less but accurate information.
“Since the AI reviews are purposefully set to be very conservative to prevent false positives, any unsure cases are still further routed to human validators for further verification and determination, and for reducing the AI’s false negatives, or cases that should be passed but were rejected by AI,” the team wrote in a blog post.
Human validators will still be involved in reviewing complex or uncertain cases, but automated reviews could free a pool of people for new services within the ecosystem, such as human feedback for AI models and its training.
Pi network schedules rewards for validators
In their latest blog page, the Pi team mentioned the distribution of rewards for the validator community is ongoing, with the first payment cycle requiring a detailed audit and assessment from task data generated since 2021.
Engineers are processing hundreds of millions of validation tasks conducted during different stages of the system’s development, including beta periods, testing phases, bootstrapping phases and the current scaled environment. They also must account for discrepancies based on task type, quality and outcome.
Developers say the validator reward program will have a fair distribution model that respects differences in work volume and quality. Validators must build an architecture capable of delivering rewards to Pioneers and supporting future cycles, and the distribution system will go live by the end of the first quarter of 2026.
The project is asking around three million people with Tentatively KYC’d statuses to submit required liveness checks in the app. 17.5 million Pioneers have fully passed KYC, while 15.7 million have migrated to Mainnet.
PI price tanks 4.8% in 24 hours
The PI token recently fell below its 30-day simple moving average of $0.232 and is now approaching a double-top neckline at $0.204. In the last 24 hours, the coin has shed almost 5% of its value, taking the total weekly losses to 10.71%.
Pi Network’s parent company, SocialChain Inc., is facing a lawsuit from Arizona resident Harro Moen filed in the US District Court for the Northern District of California in late October, set for a hearing on December 23.
Moen is suing SocialChain for an unauthorized transfer of roughly 5,137 Pi tokens from his wallet. The plaintiff further claims he incurred financial losses from the “collapse in token value,” saying that when PI dropped from its “real value” of $307.49 to $1.67, he lost nearly $2 million.
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Source: https://www.cryptopolitan.com/pi-networks-standard-kyc-process-integrates-ai/
