We Humans are able to perform a variety of tasks. Infact what makes us superior to other living beings are about intelligence and ability to perceive things. With developing technology there comes the need for better and more efficient resources. In the search of faster way to perform complex tasks we discovered artificial intelligence. AI is indeed a revolutionary technology that can find applications in a large variety of fields. From Siri to Google's driverless cars, it's applications are unlimited. Even though, AI technology have been been developed since years, its use cases are still limited. Presently, AI is used to perform a specific limited tasks like face recognition or internet searches. It's full stretch application is still not achieved. The reason behind this is the unavailability of enough computing power to perform bigger applications. This is what the new Blockchain project NEBULA AI aims to solve.
Nebula AI is a Decentralised Blockchain integrated with Artificial Intelligence computing services that aims to solve the problems involved within AI industry. It brings two revolutionary technologies, Blockchain and AI under a common sphere, one benefitting the other. It's main goal is to develop a friendly ecosystem for developing Dapps on AI Platform and at the same time reducing conventional mining costs by converting GPU mining machines into AI computing units. The technology of distributed ledger of blockchain helps anyone across the globe to access AI computing resources.
The AI technologies present use cases are limited and are only focusing on a specific task. The present existing problems includes:
1.) Centralized service providers
Presently companies including Amazon and Google are providing cloud services for AI technology. These are centralized organisations and the power lies within the company. They can stop providing services at any time and also their services may get banned in certain locations as in case of China which banned Google.
2.) Data privacy and security
Even though these service providers claims to offer high privacy of data, there still exists some leaks. The data leak that happened within Facebook recently is a big example.
3.) Maintenance costs
Usually these cloud services need maintenance occassionally and their costs are usually hefty.
4.) Energy consumption and hash efficiency
Conventional Proof of work mining technologies consumes a lot of power and thereby costs associated with these also increases.
NEBULA AI put forwards a permanent resolution to the above listed problems with the use of Blockchain technology and Artificial Intelligence. Blockchain represents a Decentralised Platform which is not controlled by any centralized organisations. Their technology of distributed ledger can be efficiently used for data storage which are tamper proof and cannot be altered. It does not need any third party for its operations. Also Blockchain uses cryptography technology to store data which ensures high security and privacy. The workforce and hence maintenance charges can be reduced by the concept of shared economy model of the blockchain. Also the power consumption can be significantly reduced by using the computing power for AI calculations rather than being used for POW.
HOW DOES IT WORK?
Initially the project will be implemented using an independent ether chain Helix which uses PoW for its operations. Due to energy consumption problems associated with conventional PoW, in the next stage the NBAI ecosystem uses a new consensus mechanism called Orion which is based on Proof of Group(PoG). It uses consensus systems and NBAI credit mechanism to ensure efficiency and security. It's features includes;
1.) Work node and ledger.
2.) Communication among groups.
3.) Cross chain service usage.
4.) AI data centre and mining machines.
5.) NBAI optimised design.
NBAI tokens are used to fuel the NEBULA Platform. It's main use is to buy computing power within the ecosystem. The main applications of NBAI tokens are, it will be used to pay Developers for their training, also the DAI app developers gets paid through NBAI tokens and the users must pay tokens to use their services. The NBAI tokens will have a total supply of 6.7 billion. The tokensale is live and runs until 20/04/2018. 45% of total tokens are allocated for tokensale with a fixed price of 1 ETH = 100,000 NBAI tokens. The tokensale has a softcap/hardcap of 7000 / 30,000 ETH. All unsold tokens would be burned.
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