AI and Machine Learning that’s the future for sure, machines replacing human work excites and terrifies at the same time. Machine Learning is a very interesting topic where a machine is given time and the right results to learn a specific task on their own. It takes too much time for now, as the machine tries it by every slight degree of alteration and tries to reach to the right result at the end.

If you’ve ever seen videos of what robots are learning to do these days, you know how important AI is for the future. If you haven’t seen that stuff, take a look at that later, you will be pretty amazed.

As blockchain technology is being used in many industries and is the use is growing every day, we can see few areas which are relatively untouched by the cryptocurrency and blockchain wave is that of Artificial Intelligence and Machine Learning. But not anymore, Dbrain comes up with a online blockchain platform that would allow developers to collectively build AI Apps in a quick and streamlined manner. Now let’s talk more about what Dbrain would bring for the future and how they plan to do it.

What is Dbrain?

Before we talk what is Dbrain, it would informative to know that around 80% of the AI information consists of statistics that are sourced through specialized data sets. They are designed and used to promote machine learning and the data labeling is done by hand.

Here, Dbrain will crow source from the customers with their own highly developed platform and tool, which will allow crowd workers as well as market researchers to turn their real-world data into feed able machine learning solutions for the AI.

How will Dbrain Work?

So when it comes down to it, a lot of machine learning starts with the quality of the data sets for the AI, and Dbrain is using the blockchain to solve that problem, through a very unique and interesting approach of crowd sourcing. They present the data to crowd workers who receive cryptocurrency payments in exchange for manual data labeling, which produces a clean, accurate input for the machines.

From therem the data can be used for building any relative AI application. Dbrain has already released a Telegram bot and a web application that allow anyone to earn tokens like this, which is a big job opportunity for low-income countries.

And Dbrain even goes beyond that. They actually offer services for the entire
AI production cycle, from obtaining raw data, to labeling and validating it, to providing compute infrastructure and model training, all the way to app development and hosting: The complete AI package.

A few other things that makes Dbrain special:

• Designed for Multipurpose Use: Dbrain is desgined to carry out many streamlined tasks from image labeling to data validation. The whole process would be fast and efficient.

• Ecosystem for Dbrain: Dbrain being powered by blockchain technology and with the use of their own DBR tokens the AI lifecycle will revolve around it.

• Payments: Dbrain as mentioned already will be powered by blockchain technology and Dbrain coins (DBR) so users won’t have have to wait to send/receive payments and it would be instant. With Dbrain crowdworkers request simple tasks on image labeling and assessment. After the task is completed correctly and verified, they get paid with cryptocurrency. Anyone with a connected device can label data and make crypto.

• Connected to Real People: Dbrain crowd sources the data which is used to train the AI system. Creating valid data sets, manual labeling will be now directly connected to the users and Dbrain. Dbrain itself will validate the results for the right answers.

• Win-Win Situation: Dbrain as crowd sources the data required and pays them in Dbrain coins (DBR) and business would use the data for AI development, this is benefiting both of the side, the participants as well as the AI maket.

• Creating Job Oppurtunites: The platform has the potential to reach around 2 billion unbanked people and people with low-income countries and this could make an addition to their income.

• Lowering the cost for data labeling: Companies can reduce data labeling costs as of now to around 10x. Companies won’t need high tech machinery to create and validate results, where as using Dbrain, they can crowd source and even go for the complete AI package.

Dbrain’s Past Achievements and Team Members

Dnrain has already secured $2.5 million in seed funding. Dbrain also released the alpha version of the platform, which includes a Web Application and a Telegram bot. DBrain has also joined Microsoft Bizspark program.

Also SONM has patnered with Dbrain,

SONM has partnered with Dbrain — a company creating a service for neural network training. We are going to provide Dbrain with computational power in this mutually beneficial partnership.

The SONM platform will enable Dbrain’s system for neural network training to benefit from greater computing power, meaning data is processed far quicker. This collaboration also provides Dbrain a cheaper alternative to traditional providers.

“Our decentralized global fog computing platform is able to carry out a large number of tasks of all kinds. The processing of data essential for the study of neural networks is one of these tasks. Collaboration with Dbrain is an excellent way of demonstrating the possibilities of our project”, said Alexei Antonov, co-founder of SONM.

Not only this, but Chronobank has also patnered with Dbrain,

ChronoBank has recently established a strategic partnership with Dbrain, an open blockchain platform for collectively building AI apps. Through this partnership, ChronoBank will use Dbrain’s technology to create fair evaluation system for workers in the labor market.

Dbrain made a simple tool that links crowdworkers and data scientists to collaborate in AI production line with a blockchain at the bottom. Dbrainmakes AI more accessible to businesses by linking them directly to data labelers, and allows anyone to earn money in exchange for their effort and skill in building AI apps.

“Our solution is a great fit for ChronoBank. We are thrilled to be part of ChronoBank’s vision to revolutionize the recruitment space. We’ll be working closely to develop the employee scoring system.” — Dmitry Matskevich, CEO of Dbrain.

Dbrain also secured 2nd position in d10e ICO Pitch Competition last month, where there were 5 basic judging criteria, such as a business model, team members, investors terms, a solution of the problem and a token model.

“We are so proud to win this award, especially considering the stellar jury line-up and the other great startups that were presenting. There were so many inspiring pitches, and it’s truly an honor to be selected as one of the top ones”, Dmitry said.

Dbrain’s platform to collectively build AI apps was selected out of 34 other ICOs
Read more about it here.

Dbrain CEO, Dmitry Matskevich had founded a social marketing company, 5 years ago that raised over a million dollars in funding, which was later acquired for $20 million.

Their Chief Technical Officer, Chief Marketing Officer, and Chief Design Officer have all each founded their own separate companies. This is a big deal, because launching a strong company is very difficult, and this kind of experience on the team is a major ingredient to success.

Dbrain has it’s ICO going on, you can check it out for yourself at Dbrain.io

The token distribution details are not yet, they will be released soon this week according to my talk with one of the admins of the group.

Dbrain Conclusion:

Dbrain is a very interesting project and has an amazing team. AI and machine learning is definitely going to be used in the future for making tasks more easier. To train AI it takes much time though, whereas Dbrain by using crowdsourcing and blockchain technology, they are making these tasks easy, fast and rewarding users for simple task.

Dbrain has done major partnerships and also they have a released alpha product ready. They have also won the d10e ICO pitch competition.

Also this project definitely passes my red flags scam detection of ICOs, read more about it here.

Please read more information and their whitepaper for more detailed information. Also join their telegram group for an active conversation about the ICO and the project.

Disclaimer:

• I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
• I will not and cannot be held liable for any actions you take as a result of anything you read here.
• I came to know about this project from bountyhive, my username is: vrushhq