DeepBrain chain aims to implement low-cost Artificial Intelligence systems leveraging blockchain technology. The DeepBrain blockchain uses a decentralized network instead just going with the traditional way of using a single system.
AI has been around for some time now. But it always has been for the rich and large companies. Never was there a service in which common people like us. The good people behind DeepBbrain aims to achieve just that – Provide low cost AI services using blockchain technology.
DeepBrain Chain’s vision is to provide a low-cost, private, flexible, secure, and decentralized artificial intelligence computing platform for AI products.
The company aims to reduce the cost of AI systems by a whopping 70% the usual price. The DeepBrain Token is called the DeepBrain Coin or simply DBC. DeepBrain uses memory and processing powers of computer systems spread around the globe to power an Artificial Intelligence system. Miners would receive DeepBrain Coin(DBC) as a reward. They would also get paid in GAS coins since DeepBrain is running on NEO.
- They conducted their ICO in the mid of December 2017.
- The ICO price was $0.015.
- Total circulation is 10 billion DBC.
DeepBrain chain promises to solve a huge problem. The cost of AI services is beyond what an average guy can afford. If these guys achieve what they promise, the coin value should skyrocket. If you check the pricing of Amazon web services, you’d understand what I mean by this. As AI gets cheaper, more and more people will gain access to it. This in turn leading to more innovation and breakthrough.
More on DeepBrain Chain
A Reddit user by the name hmsmart called DeepBrain a Vapourware, which means a software or hardware which is not yet available (with the current technology). He is doing a research on neural networks and computational medical imaging at Harvard. He later updated his post as the CEO of DeepBrain responded via their official telegram channel explaining how theirs use a different approach. You can read the full Reddit thread here if you wanna know more about this.
- Update: The deepbrain chain team posted an official reply for this. You can read their reply here.
Overall the technology does indeed seems to have a possibility to achieve great things if their development teams continue to work on it as they promised.
Right now the easiest way to get ahold of DBC is on Kucoin. It is also available in the following exchanges:
You can read the whitepaper by clicking here for more information.