From the moment of its appearance, the Internet, such as we know it, in fact didn’t create anything. If you think about, until recently the World Wide Web was only intermediary between us and content contained in it. News resources, online encyclopedias and libraries, watching movies and shows– everything that we can get with the help of the Internet, was put into it by someone. This is most clearly seen with a close look at social media: the Internet doesn’t give you friends, it only helps to connect with real people. The possibilities of the Internet were amazing as long as in 2009 blockchain appeared and all began to change even faster.
NBAI platform functions
In less than ten years of its existence, the blockchain technology has moved far ahead. Now, smart contracts and even artificial intelligence more and more integrate in it. One of such platforms is NBAI that provides users with a whole range of services. Within this platform several decentralized applications with using AI (DAI application) have already been created:
Quant AI is application developed for the benefit of traders, that analyzes and predicts market fluctuations.
AI Sentiment Analysis is an application that works with natural language and extracts information from written text.
Biomed AI is an application that works in the medical field.
In addition, the NBAI platform provides services for the development and the implementation of blockchain and AI. The project creators believes that their main goal is to create networks with a high degree of trust and transparency. Using their technologies in the business sphere will lead to optimization of work and improvement of result obtained.
How are things today?
Today even corporations such Google and Amazon have realized the potential of AI and offer the possibility of cloud computing with using it. However, founders of NBAI project believe that the centralization of these platform isn’t good for them. When control is concentrated in the hands or companies, as in this case, at any time they can change the conditions for the provision of services or completely stop them for a variety of reasons. In addition, they can be closed by higher-level companies or the government.
Blockchain, in turns, solves this problem. It stores data in distributed form, that means that information is simultaneous on all computers connected a particular network. Also, it’s impossible to change data or delete it on one device without the consent of remaining participants of platform. Blockchain can also disabled or destroyed completely, while there is at least one computer-carrier. This indicates the security of platform based on blockchain technology. These factors also indicate advantages of the NBAI platform over Google or Amazon.
Data security problem
In centralized companies there are still scandals related to data breach. In this sphere, all the same higher-level corporation or the government can also interfere. After all, firms, whatever they are, are subject to the jurisdiction of the states where they are located. Thus, the issue of data security and user privacy is open, since nobody can guarantee them 100% protection.
In this situation, blockchain is less expensive, but safer alternative. A special encryption scheme is built in such a way that every block works to maintain the security of the entire chain. In addition, blockchain checks data with encryption to make certain that they are not falsified. Access to data is protected by several private keys.
NBAI tokens
To ensure the activity within the platform a special NBAI token was created, it can be used:
As payment for computing power. The more time is required to perform a specific task, the more expensive it is.
When testing the platform.
When using DAI Apps, as a fee for their use.
In total, 6.7 billion NBAI tokens will be released. In addition to buying, they can mined. The project also plans to soon move from the standard of Ethereum to its own blockchain. For now, we have tokens of the ERC 20 type.
Rate of NBAI: 1 ETH = 100 000 NBAI
Softcap: 5 000 ETH
The closed stage of the sale was held from 22 January to 30 March 2018.
Hardcap of the closed stage of the sale: 18 000 ETH
Hardcap of the open stage of the sale: 12 000 ETH
45% of tokens are for sale;
25% of tokens are to founders and community;
15% of tokens are to team;
10% of tokens are to investors;
5% of tokens are for advertisement and to partners.
The project roadmap
Q1 2017- appearance of the concept of the project, beginning of work on its implementation;
Q3 2017- development of prototype of DAI application;
Q1 2018- start of the sale of tokens;
Q3 2018- integration of the first DAI application;
Q1 2019- test of the platform;
Q3 2019- integration of 10 DAI applications;
Q1 2020- 50 applications;
Q3 2020- 500 applications.
Conclusion
We would like to sum up: despite the fact that the project has now a lot of competitors, the NBAI platform still has its own thing, it’s use of AI. With its help, similar applications can be created quickly and conveniently. This is beneficial for developers and users alike. Now, you can participate in the public stage of the sale of NBAI tokens, however, we remind you that you must understand and take responsibility for your decision to invest.
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
BTT: https://bitcointalk.org/index.php?topic=4850252.0
Our BTT: https://bitcointalk.org/index.php?action=profile;u=1315443