DeepBrain Chain (DBC) ICO Review & Analysis - DeepBrain Chain Review
Using blockchain technology, Deepbrain Chain have developed a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related products and services.
DeepBrain Chain is a decentralized neural network. Countless nodes across the world will supply computational power to AI companies and receive DBC as rewards. 70% of the DBC will be paid by the system and AI companies only need to pay 30%.
Our token, DBC, is traded via smart contracts based on NEO. We use a hybrid consensus mechanism combining DPOS with POI.
DeepBrain Chain is also a secure data trading platform which, by separating data ownership from data usage, maximizes the value of data while ensuring data privacy
- Low Cost – Deepbrains system saves enterprises up to 70% computing power costs.
- Security – Insulated data transaction environment secured by encryption algorithms and smart contracts.
- Privacy Protection – Separating data ownership from data usage right using smart contracts.
- Flexible Computing – Dynamic provision of computing power based on demands.
“DeepBrain Chain is the world’s first AI computing platform powered by blockchain, standing at the intersection between AI and blockchain, two of the most revolutionary technologies in the 21st century.”
Positives -
- The AI industry is only going to get bigger at this point. There are still few applications that integrate with day to day life for the average person that involve Artificial Intelligence but companies such as Microsoft and Samsung are already deep into development with this technology. Speaking of Microsoft and Samsung – They’re already working with the DeepBrain Chain platform, along with over 100 other corporate clients and 200,000 users. A huge industry with crazy growth potential for the future.
- DeepBrain recently teamed up with SingularityNET. These two projects were going to be competing with each other but due to the recent partnership, they’ll be working together. What the team lacks in marketing skill, they obviously make up for in business strategy and development. Taking potential competition and finding a way to work with each other shows great networking abilities. Why would you compete if you don’t need to? Great to see a partnership between these two.
Concerns -
- At the time of writing (June 16th, 2018) the DeepBrain Chain website is a mess from a technical view. Images didn’t seem to load for us on any browsers and plenty of other elements throughout the site just failed to load completely. In addition to a pretty technically broken website, there isn’t a whole lot of information on the DeepBrain platform itself. We recommend investors go straight to the Whitepaper.
- Competition here is probably our main concern. DeepBrain has recently partnered up with SingularityNET who was their main competitor prior to the partnership. With AI and decentralized computing being such a new industry, it’s only a matter of time before a competitor comes along and takes advantage of a few of DeepBrains weaknesses. We aren’t saying DeepBrain will be knocked off the ladder, we’re just saying investors need to keep an eye on upcoming competition.
Exchanges:
Official DeepBrain Chain Links -