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AI and Blockchain Tech Join Forces to Build AI Apps

Both artificial intelligence (AI) and blockchain technology are powerful enough on their own, but together they’re a force to be reckoned with. Together they can transform data into real-world AI solutions in the form of an AI app.

It’s been estimated that the AI and related industries will be worth around $60 billion by 2025. According to the Mckinsey Global Institute, it was worth somewhere between $26 billion and $39 billion in 2017.

A new tool has been developed by blockchain-based project, Dbrain, that seeks to transform data into real world AI solutions. The developers are hoping it will empower people around the world to contribute to varios AI projects and accelerate the field as much as possible. And in return, be paid for their contributions. Data scientists then take this gathered information and use it train the neural networks that make up the AI apps. If you’re interested, why not check it out yourself?

Dbrain was founded in August 2017 by Aleksey Hahunov, Dima Dewinn, Dmitry Matskevich, Ivan Gorshunov, and Pavel Doronin. Already the startup’s received $2.5 million in funding and has lucrative contracts in place.

Dbrain’s platform allows users to collectively build AI apps. It effectively links crowdworkers and data scientists in an AI environment with a blockchain at the very bottom. Dbrain relies on the user’s ability to correctly label images for AI. Labeling is still something that needs human input and can take up as much as 80% of data scientists time when building these AI apps. In exchange for this they earn cryptocurrency. The cryptocurrency is distributed fairly and is monitored by Blockchain protocols just to be sure. The program has a SPOCK protocol that makes sure the labeling quality is sufficient, while the PICARD protocol ensures data remains confidential.

According to recent statistics there are more than 2 billion people across the world that don’t have a bank account. The Dbrain project could help these people obtain a legal digital identity. It could also be beneficial for both businesses and freelance workers looking for AI based solutions.

While the Dbrain platform was only founded last year and is still in its early stages of development, it already shows great promise. It’s currently being used by various companies in various niches including Chronobank and Micromoney (finance), FinalPrice (travel), and Kupivip and Carprice (e-commerce).

Source  Coinspeaker

 

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KC Cheung
KC Cheung
KC Cheung has over 18 years experience in the technology industry including media, payments, and software and has a keen interest in artificial intelligence, machine learning, deep learning, neural networks and its applications in business. Over the years he has worked with some of the leading technology companies, building and growing dynamic teams in a fast moving international environment.
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