AiBB - HARNESSING THE POWER OF Ai IN CRYPTO

cryptonewsico (28)in #crypto • 6 years ago

Cryptocurrency trading is no longer the domain of professional investors or fund managers. A recent survey by Postbank found that one in three Germans are interested in the space for investment, a potential trader market of nearly 30 million in one country alone. Among 18 to 30-year-olds, the figure reaches almost 50%.1

Certainly, these investors are not all professionals, and any kind of investment comes with risk. Stabilizing and growing the market means harnessing these potential investors but also catering to their needs and lowering their risks.

Cryptocurrency trading comes with a steep learning curve given the many sources of contradictory information making it challenging for new investors to enter the space.

Despite this information overload, or perhaps because of it, interest in cryptocurrency trading has blossomed.

In the first six months of 2017, the cryptocurrency trade increased more than ten times. Currently, there are well over fifteen hundred different cryptocurrencies and over ten thousand different exchanges. The total cryptocurrency market reached $800 billion in January 2018 and is estimated to pass the $1 trillion mark by the end of the year.

AiBB facilitates even more growth in the cryptocurrency market by bringing together reliable trade data, news, security and public education. We want every individual involved in the cryptocurrency space empowered with the right tools and understanding of their investments on a secured, reliable and decentralized platform.

AiBB is set to be the first Ai assisted application that will grow to become a completely decentralized platform that facilitates several functions and removes the need to trust 3rd party applications altogether. Users will be able to execute trades across some of the most liquid and secure cryptocurrency exchanges, preventing the destabilization that can occur when a single exchange is forced to absorb a high-volume transaction.

AiBB's DISRUPTIVE TECHNOLOGY

Our exclusive agreement with SKAEL Inc. gives AiBB its core Ai power. SKAEL's Ai technology is patent-pending filed under Application Type:

Utility under 35 USC 111(a) in the United States under Title of Invention: "Machine Learning Digital Assistant" technology. By partnering with SKAEL, we are able to apply more complex, AiBB's DISRUPTIVE TECHNOLOGY contextual understanding to the crypto realm in a way that provides users with a true advisor/ assistant rather than a pre-programmed bot for rudimentary answer-finding.

Outside of our core proprietary Ai Technology, we layer some of the best technology protocols available like instant payment and asset management. Our goal is not to reinvent these technologies, it is to leverage them and combine the best ones, optimize them, and to deliver a seamless and intelligent user experience that makes traders more successful.

AiBB’s Ai CORE

AiBB deploys this innovative technology according to the Virtual Customer Assistants (VCAs) framework that enables it to understand, problem solves, and undergo supervised deep learning.

Running in the background of each module, the Ai not only monitors but proactively looks for ways to optimize your holdings. Outside of trading, AiBB is an analytics powerhouse able to cut hours of research and provide the user with actionable knowledge rather than raw information.

THE CORE AI TECHNOLOGY POWERING AIBB PERFORMS THREE CRITICAL TASKS:

1. Looking (ML Integration)

Based on Naïve-Bayes and Levenshtein Distance equations, our custom algorithm is tuned to automatically extract, classify and categorize similar repetitive information while correlating relevant data metrics.

2. Learning (AI & supervised ML)

Our AI is trained through supervised ML with most responses generated through machine repetition and understanding of context, category and request vs. the information available. Quickly able to develop its own structured responses and recommendations.

3. Listening (NLP)

Our NLP algorithm is based on Google’s Slot, Intent and Classification methods (demonstrated by Google Assistant) and Named Entity Recognition models. This allows us to capture a user’s intention with context, classify it properly before processing the request.

Key Function:

NATURAL LANGUAGE PROCESSING (NLP)

We use the Bayes paradigm because it has proven to be the most stable. In order to deliver wider than sentence-based patterns, the team has also incorporated HTML-based patterns that reflect document structures.

NATURAL LANGUAGE UNDERSTANDING (NLU)

Our NLU algorithm is based on Google's Slot, Intent and Classification methods (demonstrated by Google Assistant) and Named Entity Recognition models. This allows us to capture a user's intention with context and classify it properly before processing the request.

MACHINE LEARNING (ML)

Our Ai is trained through supervised machine learning (ML). This means that most responses are generated through machine repetition and understanding of context, category, and request vs. the information available. The assistant is quickly able to develop its own structured suggested trades and risk analysis.

WE SOLVE PROBLEMS

PRICE VOLATILITY

Price volatility happens in two circumstances: first, when there is a lack of accurate assessment of the underlying value of a security and second: where there is a lack of market depth.

The first problem can be resolved through better information and investor education in the crypto-currency market and the second problem can be resolved via increasing the volume of investors.

This can be achieved by introducing more market players into this space so that no one big investor can dominate the particular cryptocurrency and engage in price manipulation.

BUYING CRYPTO

Prior to even buying crypto, people have a notion that because there is no physical element to it, they can not convert it into hard cash in their bank account.

And they’re partially right! The process to fund crypto is to wire transfer (3-5 business days), e-transfer (instant usually) or use a credit card (limited amounts) to send your money to a 3rd party broker or crypto institute. To withdraw you need to wait a minimum of 5 days for it to hit your bank account.

We fix this by partnering with various exchanges and acquiring an EML (electronic money license) to convert crypto to FIAT on the application easily and faster than ever before.