RE: [ ANN ] AI and the Blockchain: help with an ICO proof-of-concept for new startup

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[ ANN ] AI and the Blockchain: help with an ICO proof-of-concept for new startup

in cryptocurrency •  7 years ago 

Interesting technology and best of luck.

A lot of noise has been made in the ETH ICO space with some great possibilities, but also a few shady ones.

What makes what you guys are creating different than all of the commercial software and programs executed by large scale consulting companies, other than being run on a blockchain?

The large tech companies already have their own software and proprietary technology that does all of these things (without blockchain technology). For people who do not understand the benefits of the blockchain, how would this blockchain help companies like Facebook and Twitter combat the issues you mentioned in para 1?

IBM has a hyper ledger blockchain that does not require any coins or mining to gain the benefits of the blockchain technology. Accenture has also developed their own blockchain that has similar capabilities. More mainstream companies in Europe and the U.S. that are already established are creating their own blockchain with no coin required.

My main issue with ICO coins is when the coin offers no value or use to any space to be implemented by society and is just simply to gain a lot of money to get an idea going. At some point ICOs will be harder to come by because of the companies that had great plans but no infrastructure or true roadmap for development. With all the coins we have right now we are looking in the low trillions of market cap which could be reachable since it's a global audience, but seems far away.

Your project sounds fantastic in theory, and I hope in application you guys do well. AI is the future of managing and providing efficiencies on the blockchain.

As far as where to launch, ETH has a proven track record over the last month for this movement.

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As far as where to launch, ETH has a proven track record over the last month for this movement.

I would say the complete opposite. ETH Is the absolute worst place to hold an ICO at the moment.

Infrastructure problems yes, but companies making loads of money, no.

That isn't necessarily good long term though.

Agree with you on that!

Thanks for your review.

For people who do not understand the benefits of the blockchain, how would this blockchain help companies like Facebook and Twitter combat the issues you mentioned in para 1?

People doesn't need understand blockchain to use our product, for them it will be usual web interface. For b2b market i assume blockchain can bring trust and possibility make investigations (of any kind) do faster - fake news cannot spread because we know actual blockchain evidence of meeting Putin - Trump (for example) - recorded