NBAI- a decentralized platform that provides its network as a platform for deploying decentralized applications, as well as for leasing computing power of AI. NBAI solves the problem of energy-consuming kind of mining, proof of work, by introducing mining with AI cloud computing. At the same time, the cost of AI cloud computing on the NBAI platform is to 50% cheaper than that of centralized counterparts. Using AI, NBAI provides many services for distributed applications. One of the main platform goal is to develop direction of applications based on AI instead of distributed applications with AI elements.

Actual problems

• Centralized market of AI computing
  Amazon and Google began to provide AI cloud computing services. Such centralized services are not reliable because they are completely subordinated to the needs of one company and can stop delivery of their services, based on any motives. In the blockchain network, on the other hand, the AI ​​camputions services will be delivered as long as more than one node is active in the network. With the help of blockchain technology, transaction records will become unchangeable and accessible to audit for any participant, and a more reliable data security system will be provided than that of centralized counterparts. Such a decentralized network can’t be blocked by institutions of governance, as the Google service was blocked by the Chinese state apparatus.

• Data security
  Centralized platforms and data centers have many levels of security, but such a platform still can’t guarantee complete privacy of user information or avoid internal data breach. In addition, centralized organizations are limited to their geographical location, that is, if the legislation of the state in whose territory the platform or data center is located covers the disclosure of anonymous data at the request of the government, then such a company can’t guarantee its users full security.
  Blockchain technology is based on cryptographic encryption, also it is a low-cost, highly secure, independent of third-party solution. The plus of the blockchain network is also immutable records of transactions or other actions that are freely available to the community, and access to private information only over encrypted keys.

• Cost of Service
  The system of microtransactions of blockchain will create a model of the general economy where each user will be able to rent computing power that he needs, and it will be easier for a company to distribute budget for servicing costs.

• Efficiency of proof of work computations
  Current electricity consumption for work of mining devices on the proof-of-work model is very large. The electricity consumption for mining of bitcoin exceeds annual consumption of many countries. So the average electricity consumption for mining of bitcoin is about 30 TW, and the consumption in Ireland, for example, is 25 TW. All these devices for mining, namely Asics and video cards, can be used for AI computations, which come out much more profitable, namely by 50%. Simply by directing all this capacity to another channel, it’s possible to save millions on electricity and positively influence the global ecology.

• Environment of creation of distributed applications
  The key component of successful development of blockchain industry is the state and structure of the ecosystem. This factor includes how a user can find the application he needs from among the many scenarios of the use of blockchain, how to motivate developers to create more software and how to help them create it faster. The rapid growth of blockchain industry makes increasingly focus on this problem.

Main platform solutions

In order to solve these problems and create a distributed rental platform, the NBAI platform will create the following components:

• Shared AI computing platform
  The problem of not being used on 100 % of computing devices and the problem of effective dynamic power distribution are solved by creation of decentralized platform for distribution of leased load. Secure peer-to-peer transactions and shared AI computing platform are solution of these problems.

• Transformation of computing power
  A lot of mining video cards can be transformed into AI computing units. For this process, it’s necessary to install a specialized system and update it on a regular basis to increase productivity and be able to share computing power.

• Development of AI applications
  For the development of AI applications it’s necessary to have an appropriate specialized interface that includes APIs for different purpose. Such modules will help speed up the development of AI applications.

• Creation of a distributed file system
  Instead of creating its own file system, NBAI integrates IPFS. IPFS is an inter-planetary file system or a distributed open source file system that combines computing power into peer-to-peer file system. With the help of IPFS, a large bandwidth and storage of files in a secure blockchain network are achieved. Most future IPFS will support the cross chain service, which provides cross-platform design to the project.

Project partners

McGill University, Concordia, Yes Labor Exchange, BeePay payment system, Weha.sh - company that develops the next-generation data centers, Express, TimeChain - a meta wallet for storage, transfer and trading of cryptocurrencies, Apigm -community of IT professionals that contributes to personal development in the IT field, DeTrust - a project to transform the current system of user data distribution, Consensus Capital - a property appraisal company, MW Partners - a partner company developing applications and algorithms for training AI, CrossChain - a team of advisers in the field of blockchain technology, InterChain - company that develops the Internet of blockchain network, SuperMobile, FengShui Capital - company based on the principles of FengShui , BitBlock - Internet provider with its technology line, V&D Capital.

Conclusion

The NBAI platform will make innovative changes to the world of mining. The electricity consumption will be halved by converting current mining devices into a more efficient model of AI computing. Also, with the help of the NBAI platform, it will be possible to bypass the centralized services for renting AI computing power with the help of a more secure, decentralized and reliable blockchain project that will increase investment in the shortest possible time.

More information about project you can find:
NBAI official website: https://nbai.io
WhitePaper: https://nebula-ai.com/whitepaper/NBAI_whitepaper_EN.pdf
Telegram: https://t.me/NebulaAICommunity
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