AI has plenty to bring to the table in terms of security. An emerging field of AI is concerned with building algorithms which are capable of working with (processing, or operating with) data while it is still in an encrypted state. As any part of a data process which involves exposing unencrypted data represents a security risk, reducing these incidents could help to make things much safer. Recording the decision-making process on blockchains could be a step towards achieving the level of transparency and insight into robot minds that will be needed in order to gain public trust.
Clearly, blockchain and AI are two technological trends which, while ground-breaking in their own rights, have the potential to become even more revolutionary when put together. Both serve to enhance the capabilities of the other, while also offering opportunities for better oversight and accountability.
Innovative companies are rushing to create real-world business applications that combine artificial intelligence (AI) and blockchain technology. For example, JD.Com, the largest retailer in China, recently launched a new accelerator, AI Catapult, to build new businesses and applications using AI and blockchain technology. Separately, Porsche is introducing various blockchain and AI solutions into its smart cars. There are several projects launched on the intersection of AI and Blockchain. For instance, SingularityNet raised 32M USD in December 2017.
Beta version of the product is available to test on company's website. Nebula AI will provide a wealth of interfaces and applications for developers. The decentralized blockchain provided by NBAI, in conjunction with the Nebula AI credit mechanism, will address the issue of P2P trust and big data processing for sensitive data and models.
The NBAI ecosystem consists of two major components, the NBAI foundation and the NBAI system. The NBAI foundation supports the development, operation, and management of blockchain development platforms, AI joint labs, and engineer training centers. NBAI system integrates the top-level applications such as DAI App, scientific research and application, university education, and the bottom-level of NBAI blockchain, Artificial Intelligence Mining Machine and Artificial Intelligence Data Center.
Developers will provide users with DAI Apps, users will pay for NBAI tokens or use Apps for free based on rules set by the developers. Developers submit artificial intelligence tasks to NBAI and pay for NBAI tokens based on NBAI’s estimated costs. Then NBAI will open the tasks and miners are free to receive and handle the tasks from NBAI, they will get the corresponding NBAI token as a reward after completing the tasks. Clients and miners can trade NBAI tokens through the exchange, so as to achieve a complete set of value-added economic systems.
The initial release was 6.7 billion tokens. As the company raised less money than expected, they burned ~2 billion tokens. Each year a certain amount of tokens are produced, the amount decreases from 2% per year to 0.2% in six years.
Tokens are consumed when user use customized predictive features of artificial intelligence, and the amount of tokens consumed depends on the amount of computation. Miners get tokens through mining, and AI mining machines are the main sources of mining returns. Any application based on the NBAI’s blockchain can only be paid by NBAI tokens.
The tokens held by the foundation will be frozen after crowdfunding ends and are thawed in 18 stages (about 3 years), every 60 days for a cycle, and thaw 1/18 of foundation holdings each time. After the public offering, NBAI tokens will gradually go live on top international platforms. As the company issued 6.7bn NBAI tokens for 1ETH = 100K NBAI, and raised 3610 ETH instead of 30 000 ETH, the post-money valuation was 12.5 million USD.
The founder has a technical background and strong relevant experience; he also previously launched a startup that still operates today. However, he is still is involved in this startup, and this might be in conflict with Nebula project development. Some of the team members do not work at Nebula AI, according to their Linkedin profiles. Experience of some of the team members cannot be verified via Linkedin. The page of the blockchain developer was not found on Linkedin.