With more and more people going online, the amount of data these users generate is huge. And all this data like uploading and tagging photos, tracking and sharing your location, access to transactions history, etc. is in great demand by companies. People usually give away this data to companies in exchange for centralized access to applications and services. There doesn't exist a marketplace where users can actually make money by selling their data. All this is about to change. Synapse AI provides a fair and balanced intelligence to all by creating an AI economy that any agent can participate in and receive rewards for it. An agent can be any participant in the network, be it a user, device, bot, etc. At Synapse, facilities are exchanged for tokens. The best thing that all this is recorded on the blockchain which means the whole process is safe and secure.
CURRENT STRUCTURE
Presently, people are giving away their data and building models for services they use, for free. Everything they do online, from social media to email search is being used by companies to build their business models around it. A good example is Amazon: it uses viewing and purchase history to create models of related products for you. The profit generated from these products is used to build their logistics supply chain, improving their infrastructure. These companies wish to own the entire ladder from device to application. Once all data is acquired from users, all profit goes towards the company, and the contributor gets absolutely nothing.
ARCHITECTURE
The foundational infrastructure is almost similar to previous models with the exception being that the contributions and works are tokenized and act as currency for services. This has two layers, data and intelligence. The data layer had already existed earlier. Data must be liberated responsibly in order to democratize intelligence.
COMPONENTS
The very first component is Agents. An agent can be any participant in the system and represent association and ownership. They are capable of being contracted out to acquire data not currently in the system.
The second component is Data Pools and these represent a single/correlated data output from a source. Sources can be a type of agent or agents.
The third component is Models. Think of these as neural networks that are not limited in scope. Data pools are used by models in acquiring data and training models.
The fourth component is Services. These can be offered and even negotiated across the marketplace.
The fifth component is Ontologies which can be both public and private. Ontologies provide information about devices, interfaces and data.
The last component is Marketplaces. This is where participants can exchange objects of value with one another.
Smart contracts will be used for any transaction to take place across any components. Any smart contract can be created on the Etereum blockchain depending upon the service.
To allow data to be secure and ensure its integrity, good and bad actors will be identified based on their source, the network they come from etc. Good actors will be rewarded for their work their models will be used to facilitate economies of data collection.
This step allows agents to store and retrieve data from their own data pools. Other things like creating a marketplace, contract fulfilment, ad-hoc queries, etc. will all take place during this phase.
Access through a blockchain will be granted to machine learning models to train themselves. This creates a record of who contributed what data and when.
Training and storage of models is converted into workable services.
The process completes a full circle at this step. The services are announced and are available to particular devices under particular contexts.
ICO
The token symbol is SYN. The Pre-sale started on 18 September 2017. ICO started on 21 October and will go on until 21 November 2017.
A total of 1,000,000,000 tokens will be generated. 33% will be up for sale, 33% will go towards Developer fund, 33% will go to the company, and 1% will be used to cover token sales costs. Token disbursement will happen 60 days after the public auction. The token auction will continue 30 days or 2 days after a soft cap of $50 million has been reached. The token can be exchanged at a rate of 1:1 on currency exchanges.
REVIEW
Synapse is a good initiative that plans to bring AI economies to the blockchain. Synapse tokenizes an agent's work on the Synapse AI market using SYN utility tokens, thus facilitating an economy between participants and transferring value to those participants. This accelerates a system that grows beyond the means of capacity of any one single company or organization. This enables in benefitting its users everywhere.
There are other upcoming services like MicroMoney which offer the same service and Synapse must be ready for competition if it wants to stay in the race for a long time.
For more information visit:
Website: https://synapse.ai/
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2198553
