How Cortex is Revolutionising AI With Its New Blockchain

Ten years after the launch of the founding father Bitcoin, blockchain technology has evolved into an insuppressible, thriving global industry. Satoshi Nakamoto’s notion was truly immaculate; a self-perpetuating peer-to-peer network capable of disrupting the norms of finance. With the addition of smart contracts, blockchains have developed into integral components of society useful for industries of all description.

While blockchains have seen phenomenal improvements in scalability and performance, smart contract technology has stagnated, leaving the very usefulness of blockchains in question. Cortex’s AI blockchain ecosystem marks the entrance of a new generation of smart contract technology with unprecedented capabilities.

What is Cortex?

Cortex is building a decentralised AI autonomous system to revolutionise the capabilities of smart contract technology. Through the Cortex blockchain, users will be able to augment their smart contracts with AI, enabling the creation of cognitive dapps that react to external and internal variables intelligently.

Their public blockchain represents the next generation of smart contract technology, utilising machine-learning programs to advance their complexity enormously. Cortex will also offer a platform for machine-learning, where users are incentivised to upload or optimise existing models, tasks and AI dapps.

As Cortex users collaborate and share knowledge on AI modelling, Cortex’s platform will be a breeding ground for breakthroughs in AI technology; a truly collective effort to realise Artificial General Intelligence. Users are incentivised to share and optimise data models, creating an entire AI-blockchain economy that will have profound benefits for both industries and further afield.

AI dapps are central to the value of the Cortex project, and we can see a number of promising applications in tomorrow’s economy. For example, a Cortex AI dapp could be used to create an AI Assistant, capable of:

• Highly complex Q&A dialogue with users
• Speech synthesis (replicating voice based on speech data)
• Face attribute prediction (considering emotion, age, gender, etc to make a judgment)

The application of AI dapps will be invaluable to nearly any scenario imaginable, including: intelligent blockchain scaling solutions (improving PoW mining efficiency), data privacy, simulation environments (such as autonomous driving), financial services and information services. In short, AI dapps are capable of not only replacing human output, but realising previously unreachable outcomes.

What problem is it solving?

While smart contracts have undoubtedly revolutionised blockchain technology, their simplistic design only permits a fraction of their full potential to be realised. Developers have utilised the technology with fervor, creating a host of decentralised applications (dapps) to disrupt the normal avenues of industry.

In spite of these breakthroughs, today’s smart contracts are limited to short, crude programs that cannot react to changing variables. As a result, today’s smart contracts will never replace humans, which are able to react dynamically to shifting variables and adjust their conditions accordingly. This renders them useless for implementation with AI, let alone their application to a wide range of scenarios.

Cortex will not only improve the blockchain technologies, but create an augmented force capable of revolutionising simulation, data privacy, machine-learning and more.

What is the core technology?

The Cortex blockchain facilitates decentralised economy for AI and machine-learning, permitting independent researchers to create machine learning models in return for Cortex tokens. Users requiring access to AI models will pay to use the Cortex Virtual Machine to make an inference, which in turn synchronises with the entire chain and responds accordingly with an AI model.

Cortex smart contracts are intelligent by design, meaning they may interact with the conditions of external contracts. The process of a Cortex smart contract is fundamentally differing to a regular contract, as all nodes are used to agree on the outcome of an inferred result; facilitated by the Cortex Inference Consensus Criteria. In a vein similar to NEO’s GAS, users must spend Endorphin when transacting or executing Cortex smart contracts.

The application of AI to blockchain alone is a tremendously valuable proposition, and Cortex will achieve the following enhancements:

• Combining reinforcement learning and distributed mining
• Platform-based data exchange and machine learning tasks
• Offering machine learning to all blockchains
• Encrypting user data homomorphically for superior privacy

Summary

Cortex will undoubtedly have profound implications for the entire global economy, transforming and augmenting blockchain and AI mutually. The value of their truly “smart” smart contracts is colossal, bolstering their capabilities with AI for AI dapps that will revolutionise a number of industries.

Their incentivised ecosystem will bear witness to a global effort to progress with machine-learning and AI systems, as users and researchers benefit from the Cortex economy. Cortex is an advanced, highly transformative project that is positioned to take both blockchain and AI to unimaginable heights.