AI+blockchain- a bad mix or a new stage in the technological revolution?
Hello, dear readers. Today we would like to tell you about the new blockchain platform called NBAI. This is not just a project based on blockchain, there are now more than a thousand similar ones.The creators of NBAI implemented AI in their development, but AI isn’t ordinary, it is with the function of machine learning. How is this different from everything we saw before?
Now we find out.
Machine learning allows AI to learn independently. That is, in this case the technology receives a large amount of data to analyze and a query about what needs to be done with them. By automatically calculating the many possible solutions to the problem, machine chooses the most optimal one and applies it. It’s also remarkable that the more data is processed by AI, the faster AI learns, thus, quality of its work become higher.
DAI Applications
The creators of the NBAI platform decided to integrate AI with blockchain. As a result, we have a platform for creation and deployment of decentralized applications. The site makes its own development, but you also can create your product using this platform.
Decentralized applications created with the use of AI are called DAI Applications. Already, the platform develops as many as 3 such products:
- QUANT AI
This application is aimed at analyzing and forecasting market fluctuations and is created to help investors. If we recall the existence of AI that can calculate the many possible solutions, capabilities of this application can be phenomenal. Forecasting will be in real time. - SENTIMENT ANALYSIS
It’s a big name of the application which analyzes written text. It will not only understand what is written, but also attitude and sentiments expressed by an author. Now this application is aimed at assessing and forecasting consumers’ behaviour. This data can be used to study demand for any product, including securities and assets. This helps forecast price for the same cryptocurrencies, for example. - Biomed AI
This application works in a completely different area and is aimed at improving the medical sphere. It can diagnose diseases in the early stages, monitor treatment and correct it at the slightest changes. In the future, it can test the entire population and thus, the costs of medical care will be reduced. But everything is not so simple: before start working, AI that is used in this application will receive a lot of data on the functioning of the human body and results of examination of healthy and sick patients, it will pass many tests, and only after processing all this information it can get to work.
Functions of NBAI
NBAI calls itself a computational blockchain platform of AI. In addition to the fact that its creators develop their own applications, they enable everyone to do the same. Thanks to open source code, NBAI is an affordable tool for creating and deploying its products. At the same time, it can be done safely, reliably, inexpensively and quickly.
Developers who want to joint the system will not need to purchase expensive equipment, since all computations will be decentralized. The platform is built in such a way that it unites computing power from all over the world. NBAI mining is built in the following way: any user can connect his video card(s) and share their capabilities with the platform receiving NBAI tokens. Large computations and large tasks from developers will be divided into sectors that are processed in parallel, this will speed up the system. AI and machine learning combine human experience and knowledge with technology. Automated computations and decision making also optimize the platform work.
The platform capabilities also can be used by a variety of enterprises: production, financial, government organizations, etc.
The NBAI project offers the following services:
- Feasibility and customized implementation
This is the name of the selection of services required by a particular customer. AI specialists will work together with a client to correctly formulate tasks and reality of their implementation. After that, AI that is relevant for project will be created and integrated. - Optimization
Using AI an enterprise can optimize its work by performing tasks faster and more efficiently. - Enrich and accelerate computation
The platform team will study your project and find the optimal and suitable solution for it. After development and integration, AI will be able to improve work of almost any businesses. Parallel computations and ability to learn in search of a better solution, which we have talked about a little earlier, will be able to significantly speed up work. In this situation, one of the main problems is the search for necessary computing resources, but the NBAI platform solves this problem by using users’ capacities in exchange for tokens.
A bit about NBAI token
The platform creator issued 6.7 billion NBAI tokens, 3 billion will be sold. The first (private) stage of the sale ended on 30 March 2018. Now there is an open sale and everyone can participate in it.
For 1 Ethereum you can buy 100 000 NBAI tokens.
At the moment the type of token is ERC -20, but the platform plans to use the own blockchain and transfer its coins to it, thus create a full-fledged cryptocurrency.
Conclusion
We would like to note that the NBAI project attracted us with its courage and innovation. Its creators have set themselves very serious tasks, and we hope that they will be on their side. Already, a step forward has been taken in the way of the development of AI and its integration with blockchain, and this can not but be admired.
More information about project you can find:
NBAI official website: https://nbai.io
WhitePaper: https://nebula-ai.com/whitepaper/NBAI_whitepaper_EN.pdf
Telegram: https://t.me/NebulaAICommunity
BTT: https://bitcointalk.org/index.php?topic=4850252.0
Our BTT: https://bitcointalk.org/index.php?action=profile;u=1315443