Categories: CryptoNews

New Blockchain-Based Platform to Collectively Build AI Apps

Accenture reports that artificial intelligence (AI) could become the fuel of economic growth at global scale. By 2035, companies may change the way work is performed with AI implementations. As a collection of technologies that can understand, act, and learn, AI-based apps can perform on their own when given the right data. Trained properly, they transcend and amplify labor, thereby promoting economic growth.

Disclosure: This is a Sponsored Article

Although the impact of AI on emerging technologies is visible and may streamline labor productivity, only the largest companies afford the costs involved. Smaller players often do not have the capital to handle expensive datasets, which leaves them incapable of exploiting potentially innovative solutions. A viable alternative for data scientists and crowdworkers lies in the hands of Blockchain technology.

Building AI apps on Blockchain

Dbrain, a new project built on the Ethereum Blockchain leverages smart contracts to develop a simple tool that allows everyone to label and validate data in exchange for cryptocurrency. Large high-quality datasets contribute more than 80% to AI’s success, and are more important for AI applications than algorithms. Those datasets are still labeled by hand and require a lot of manual labor. Dbrain introduces a platform that targets businesses and data scientists that need the data to develop AI solutions, as well as crowdworkers in developing countries that want to earn an extra income and get paid in cryptocurrency.

The Dbrain mission is to democratize AI, making it accessible to everyone. By building a community of businesses, data scientists and labelers, AI development and deployment can be made into a working product faster, easier and more affordable to companies with limited budgets.

Related Post

A business model that aims to disrupt the AI industry

By linking all parties involved in AI production on a platform powered by Blockchain, Dbrain is looking to develop the next-generation of an AI-based marketplace; an ecosystem for companies where they can acquire convenient AI solutions and request customized AI-based integration based on their needs and wants.

By building smart contracts on Ethereum, Dbrain plans to use its own internal protocols to solve fundamental AI-based development, execution, and adoption challenges such as:

  • Dataset quality where the data labeling efforts of developers and data scientists are dealt with validation issues. On Dbrain, all tasks performed by crowdworkers are validated through the platform’s in-house SPOCK protocol.
  • Trust and security where data owners are at risk of losing both their data and their revenue when dealing with third parties. On Dbrain, the information is secured by the PICARD protocol, allowing developers to gain access to datasets without having to download them.
  • Infrastructure costs concerned with businesses that require AI developers to use AI-based solutions. On Dbrain, access is done through a scalable, agile computing infrastructure that trains and deploys apps, and provides access to both human resources and raw data. All labeling tools are user-friendly to help workers gain easy access to the image labeling process.

Following its mission to tackle challenges pertaining to quality of dataset, security, and infrastructure costs, Dbrain aims to have a complete AI production line integrated with its platform; thus combine labeling functionality, ensure payment validation is transparent, and provide customized AI solutions within a single product.

It’s a win-win strategy for all participants in the AI market. The platform aims to reach the 2 billion people around the world who do not have bank accounts (primarily in low-income countries) and gives them income streams in tokens; which are often more stable than local fiat currencies. Companies could reduce data labeling costs by 2–10x compared to, for example, using AMT in the U.S. All payments are made in crypto, so users don’t have to worry about different banking systems or the ups and downs of local economies.

Guest

The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Share
Published by
Guest
Tags: Dbrain

Recent Posts

Cheems Surge On BSC Network: A Rising Star With Growing Market Value

The Cheems token on the Binance Smart Chain (BSC) is gaining significant momentum, surging by…

3 hours ago

Lester Token Crashes 40% Following Official Announcement

The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market…

3 hours ago

From $30K To Millions: The Wild Journey Of $Quant And Xiaohaige’s Memecoin Stunts

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin…

3 hours ago

Whale “convexcuck.eth” Makes Bold $CVX Move, Nets Significant Profit Amid Price Surge

The crypto whale known as "convexcuck.eth" has made waves in the DeFi world, spending $2…

3 hours ago

$ELIZA Token Launch Marred By Insider Trading Allegations

The launch of $ELIZA, a token introduced by Andreessen Horowitz (a16z) partner @shawmakesmagic, has sparked…

3 hours ago

Cardano’s Rally Highlights Diverging Moves Among Investors

Cardano ($ADA) has been making waves in the crypto market, breaking away from the altcoin…

3 hours ago