Elon Musk and Stephen Hawking have said for many years that artificial intelligence would be the future of technology and over the past few years we have seen an increasing amount of successful AI projects such as self-driving cars, Amazon Echo, Netflix using AI to monitor users’ reactions to films and adjust recommendations accordingly. This is only the beginning of AI, with projects like DeepBrain Chain aiming to remove the high cost barrier to entry, we could see rapid development over the next few years.
DeepBrain Chain has been around since 2012 according to their roadmap. Introducing blockchain technology recently to their platform to help reduce the cost of computational power for artificial intelligence projects.
An element that really stands out about DBC is that it has institutional investing before the ICO, most blockchain related companies are purely funded from their ICO. DBC has also been funded from the NEO council.
“The vision of DeepBrain Chain is to provide a low-cost, private, flexible, safe, and decentralized artificial intelligence computing platform to artificial intelligence products.”
Over the past 5 years there have been over 5,000 AI related firms that have spent almost 30% of their initial capital on the computing power of AI. This extremely high cost has hindered the growth of this industry.
DeepBrain Chain (DBC) lets these firms using distributed computing power at a far cheaper price than Is currently available. All data verification is cryptographically secure and privacy is a key element for both the miners and the end users.
Unlike Siacoin and Golem, DBC does not allow any computer to lend out their processing power. As the computing power needed is vast, large mining nodes and medium mining nodes take priority. Individual nodes need high performance computing power to meet the minimum requirements.
Why would these expensive computers lend their computing power out?
5 Billion DBC has been reserved to reward nodes for their computing power, this is around 50% of the entire supply of DBC. In the first 5 years 500M DBC will be annually produced with the reward ratio halving in the years subsequent to that. With such a large reward, this may lure in many miners.
DeepBrain Chain has high ambitions in a very young market, however this market is primed to grow and DBC could be the fuel to its growth. Time will tell whether DBC will be successful, they need to partner with many AI companies and prove that they are a cost-effective solution to this massive problem. This is course will take time.
To conclude, if you are wondering whether or not to invest in this project. Here are a few things to note:
1. It is listed on few major exchanges
2. They have a working AI product, similar to Amazon Alexa
3. The AI market is ripe for extremely high growth
4. It is historically cheap
1. The supply is massive
2. Really large allocation of funds to miners, unclear use case for DBC coin other than that.
3. This will take a long period of time to scale
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