New Global Trend — AI and Blockchain in 2019.

CryptoIndex
Good Audience
Published in
5 min readSep 27, 2019

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Last year was boom cryptocurrencies forced significant players such as Google, IBM, and Microsoft pay attention to them. Moreover, some of them have already actively begun to integrate and develop their own solutions, which will also help to legalize cryptocurrencies.

What should we expect next?

New Global Trend

The market is gradually changing its trajectory. The legalization of cryptocurrencies, their growth potential and the support of the world celebrity of developers and politics, contribute to their gradual acceptance by all society.

First of all, it helps the entry of technology to places where they did not exist before. For example, third world countries, with the advent of cryptocurrencies, this problem can be completely solved, you just only need a phone for it.

This also applies to professional tools — investments. If in the last century, to become a full-fledged investor, you should come to the office, sign documents, and much more. Now everything is much more comfortable, and crypto will make is super easier.

Demand creates a supply. As you can see on the chart, the trend of this year is Artificial Intelligence, and Bitcoin almost equaled the search query.

I have put together several projects in this article that fit these market needs. Let’s go!

Cryptoindex.com

This project interested me in the fact that now the traditional market is practically no different volatility from the cryptocurrency market (link).

What is interesting this project?

CryptoIndex which has tapped into the experience of knowledge and expertise from the current financial community to ensure the hurdles to its success are minimal. While the number of cryptocurrencies in the world exceeded 2000, Cryptoindex launched a new AI-powered platform, which automatically selects, and rebalances the 100 best coins. It achieves this through the making of a cryptocurrency index through a strict set of rules, filters, and criteria, then feeds the information into unique AI Neural Network, Zorax.

Taking all this information Zorax then applies his own set of calculations, using a range of factors and sources across the web and social media, continuously rebalancing the weights of the coins in the 100 to give a representation of the current market. Cryptoindex100 is positioned to become the industry benchmark for tracking, following and trading the cryptocurrency market. As presented on the official site, the team have been working on the algorithm over the last few years.

Zorax is also able to make predictions on the leading 100 cryptocurrencies, with a forecast accuracy of up to 98%.

CryptoIndex offers the most optimal strategy for diversifying digital assets.

SingularityNET

The next project is SingularityNET. It’s a decentralized marketplace for artificial intelligence (AI). Each passing day, the value of AI for business is becoming increasingly significant, but today there is a significant gap between people developing AI tools (researchers and academics) and businessmen who are going to use these tools. Many organizations need more flexible and customizable AI solutions than today’s single-player projects. Often, research projects lack the data needed to build an effective self-learning machine.

This platform is presented as a place to trade AI services(AIaaS), the developers plan to turn it into a fully self-organizing AI network. Ultimately, the team wants to ensure that the AI ​​agents in this autonomous network use each other’s resources and evolve together to further develop the network.

At the moment, the project is working closely with the support of the Sofia robot. DeepBrain Chain

DeepBrain Chain is a decentralized neural network that aims to use AI for blockchain technology, developing a decentralized, low-cost, and private computing platform for AI.

In fact, the project is an indirect competitor to SingularityNET, but there are significant differences between them. DeepBrain Chain offers a decentralized computing network and platform for various artificial intelligence products. For the manufacture of models for artificial intelligence, the calculation of a neural network is needed. To do this, the process of training a data model consumes a large number of computing resources.

This leads to the fact that many industries giants are forced to invest heavily in the purchase of GPU, FPGA, and other hardware resources, which directly leads to a rapid increase in the share price of the chip provider, for example, the price of NVIDIA.

Using Blockchain technology, DeepBrain Chain is committed to providing an affordable, private, flexible, secure and decentralized AI computing platform for AI products.

DeepBrain Chain has active partnerships with large companies, such as Microsoft, Siemens, and Samsung;

Conclusion

This trend is just only beginning.

The development of projects in the field of blockchain and Artificial Intelligence will undoubtedly affect the development of all humanity.

For example, now, to solve a simple problem, you can go to Google and find the neural network that addresses it under the question you need.

Will be glad if you clap this article! If you have any question, ask me! Subscribe and share! Thank you!Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Please do your own homework.

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