3 exciting companies that are working on synergies that are created between artificial intelligence and the blockchain
#Artificial #intelligence and #blockchain are the two hottest technologies of the present age. Whether you are a business owner or a tech-savvy individual there is no chance that you have not heard about these technologies. Over the past few years, the potential use cases of blockchain and #AI has been increasing rapidly.
People are using AI to make their business more productive because it helps them to connect with the customers at the next level. As well as with the little help from the blockchain #technology people are making the transaction system quick and easy.
When both the technologies are so helpful independently, have you ever thought what would happen if we combine the artificial intelligence and blockchain on the similar platform? Over the past few years, experts have been working hard to assure that the blockchain system can be improved using the AI algorithms. However, once combined the benefits of the technologies will be remarkable. There are some companies that are working on the artificial intelligence and blockchain project and it is slowly gaining popularity. Here we have the top 3 promising projects that will surely impact us in one way or the other.
SingularityNET
SingularityNET is the leading company that is combining artificial intelligence and blockchain. You will be surprised to know that in the limited time the project owners were able to generate a profit of $36 million. It took them only 60 seconds after the launch of the project to make people believe that they are investing in the right things. The biggest attraction of the project is that you will feel like you are contributing to the future of tech.
The main project is the development of the robots to make them alive. They are working on the brain of a special robot that is known as Sophia. However, in order to work on the technology money is required and to make enough profit the company worked hard in developed a combined platform using the artificial intelligence and blockchain. Here is how it works.
- It has the AL marketplace where you can freely sell and buy the data regardless of the quantity
- You can buy the required data using the #ICO #tokens that are produced by the company and similarly the buyer can earn the tokens
- In this way the profit generates by the company will be used in the development of the robot.
- They have been successful so far because their platform is secure and most of the companies are ready to invest in it.
- The AI marketplace is rapidly growing and most of the individuals are not sharing the AI algorithms on the platform.
DeepBrain Chain
DeepBrain chain is the very first ICO #platform that was built with the goal to combine AI technologies and blockchain on an online marketplace. The main goal of the company was to assure that the cost of production of AI system for the organizations will be reduced. It has been found that the cost of building the AI computation is high. This is the reason that most of the companies are still outsourcing their services that are not very reliable. In order to resolve this issue, the special platform was created that was supported by the AI algorithms and supported their production. Within the first few days of introduction, it was found that the platform reduced the cost of AI computation by 70% and that is why most of the companies are interested in using the technology.
It was not only the platform used for transferring the data. It can easily store, obtain and employ your data according to the instructions that you have shared with the platform. Once the goal has been accomplished you can easily take it to the next level because the security system of the DeepBrain Chain is very strict. You will not have to waste even a single hour during the process because it will take only seconds to manage all the data information. Recently, DCB has announced the buyback of 40 million tokens. It is the indication that the project is rapidly succeeding. Soon they might introduce some other important product that will be reliable and highly interactive.
Numerai
It is the blockchain powered hedge fund that is based on AI. It has been found that most of the hedge fund projects are based on artificial intelligence. However, it is the first ever and only hedge fund that is based on the technological combination of artificial intelligence and blockchain.
It has been found that the fund has been developed specially for the scientists and technologists who feel like their ideas are not recognized by the world. However, Numerai is providing you a platform where you can easily show your potential to the world. Here is how you can use the #hedge #fund.
- There is a special competition that takes place every week. You can easily share your idea about the future machine or technology during the competition.
- You have to upload a few coins to show that your project is acceptable and it can create a difference in the world. It will help you to defend your project.
- Oher scientists will review your projects as well and they will decide that which project is the best.
- If your project gets the approval you will get your tokens and some extra project. However, if it is rejected you will get nothing.
- You can also share all your projects randomly
- Numerai provides the access to the data around the world
The artificial intelligence and blockchain is changing the way we have been using the technology. It will help enhance our way of living and in limited time we will be able to access that data that was never available before.
I thrive to write quality blog posts here on steemit to really add value to this amazing platform (and to further push paradigm shift due to the blockchain). I hope this format was good for you. If not, leave me a comment and I will work on it.
Further questions? Ask!
I am working on follow-up blog posts, so, stay tuned!
If you liked it so far, then like, resteem and follow me: @martinmusiol !
Or LinkedIn.
Or Instagram.
Thank you!