A blockchain based AI competition sets a new use case for the data science industry
Companies in need of a data scientist can publish their problem on a blockchain to get it solved in perspective
27 February 2018
Algorithmia today launched a very interesting competition on Ethereum platform - an AI competition. The task is to design the best predictor for voters preference in the last US presidential election classified by longitude and latitude. The bounty for the creator of such a model is 3 ETH (~ $2,500 at the time of publication). The task has a form of a smart contract of a special type called DanKu - Algorithmia's own creation.
DanKu allows a task creator to code a smart contract with a problem that deals with machine learning, publish a hidden dataset made available once the model creator wishes to evaluate the performance of the designed model. Then, through the smart contract, the task creator establishes randomized training sets made publicly available. All of the computation to test the model are performed on Ethereum blockchain. Because it is a smart contract, both parties don't need to trust each other: once the conditions of the problem are satisfied, the task creator gets the designed model, and the model creator gets his reward.
Apart from the novelty of such use case, it is also a proof-of-concept of a unique service useful for the industry. Say, a company needs a machine learning solution to its problem, but doesn't have the resources to hire a data scientist. Then, with Algorithmia and its DanKu smart contract that company can create a smart contract and request a specific machine learning approach to solve the problem. This is the first time neural network inference is run on top of Ethereum.
If a machine knew how to define a contract automatically, and put it on some system that other systems could solve, there is a potential for machine learning systems solving problems autonomously at a certain level.
Check the most interesting upcoming ICOs: CrowdPrecision, InsCoin for Knox Project, METOKEN, Vanig, Codex, Plentix, WAR FIELD
15 July 2018
CBOE Presindent recently warned the ICO community about the issues, that they may face in nearest future. But we had some great news recently - it has became known that in 2018, ICO-projects raised $ 9.29 billion, which is more than double than total for the previous year. The corresponding data is reported by CoinSchedule. It is worth noting that, unlike many other ratings, CoinSchedule takes into account Telegram ($ 1.7 billion) and Venezuelan El Petro ($ 735 million). These projects are the leaders in terms of investment.In each month of the current year, more than $ 1 billion was collected, and at the expense of Telegram, March became the leader - $ 3.8 billion.
Today we have prepared for you the best and most interesting ICOs, that will start offering coins next week.
Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.
CrowdPrecision offers higher quality results at lower cost and faster. We decided against a solely decentralized platform. Our experiences show that there are always cases that can not be clarified automatically. Therefore, our platform has a group of experts who serve as a point of arbitration and take into account both, the interests of employees and employers in a neutral way. CrowdPrecision tackles two of the most significant challenges in current Crowdsourcing applications - quality control of the work submitted and fast and cost-effective payment mechanisms.
"InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies. The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment.
Optimized for all users, Style.me is a shoppable, Instagram-like fashion experience. Style.me monetarily incentivises quality content creation from influencers and brands while rewarding users for opting in to receive targeted advertisements. The platform connects and rewards fashion influencers, consumers, and brands. For example, Influencers are able to post brands’ outfits on the platform. Users can like and share such posts, while both parties are rewarded for content creation and engagement. Using Style.me’s patented virtual fitting room, shoppers can try on the outfit, and even purchase directly. Fashion brands are happy due to a satisfied customer and a valued influencer.
Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. Vanig Patent Pending solution addresses several significant Supply Chain and E-Commerce challenges and inefficiencies, providing a higher level of brand experience. Our Supply Chain ecosystem leverages the latest in blockchain technology through HyperLedger’s Sawtooth Lake technology. We simplify the E-Commerce experience and its embedded Supply Chain, eliminating intermediaries and manual processes as it ushers in a new level of transparency. The Vanig platform is safe, secure, and user-friendly, benefiting all members of the ecosystem and embraces cryptocurrency payments. It shortens recall process and timelines for manufacturers and retailers, providing real-time product visibility through to the consumer. Provenance information on products, increasingly an essential consumer ask, is fully integrated.
Codex is the leading decentralized asset registry for the $2 trillion arts & collectibles (“A&C”) ecosystem, which includes art, fine wine, collectible cars, antiques, decorative arts, coins, watches, jewelry, and more. Powered by the CodexCoin native token, the Codex Protocol is open source, allowing third-party players in the A&C ecosystem to build applications and utilize the registry. These applications, built with Codex’s partners, will make buying, selling, insurance, asset-backed loans and shipping and logistics easier for everyone. Codex’s first application, Biddable, is a title-escrow system built on the Codex Protocol, which solves long-standing challenges in auctions: non-performing bidders, lack of privacy, and bidder access. It is already live with the Codex Consortium, a group of major stakeholders in the A&C space who facilitate over $6 Billion in sales to millions of bidders across tens of thousands of auctions from 5,000 auction houses in over 50 countries.
The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.
WAR FIELD is a fully-functional, action-packed multiplayer first-person shooter game with a blockchain-driven gaming economy that uses tradeable Ethereum-based cryptographic GLDR Tokens you can buy, sell, trade, and win for skilful play.
Sales dates. Jul 26th - Nov 15th Accepted currencies. BTC, ETH, LTC Hard cap $3M Hard cap $12M Website and Whitepaper
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Landing webpage design
Completeness of information provided on the landing webpage
Convenience of information search on the landing webpage
The concept itself
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We are constantly updating the list of top upcoming ICO and we would like you to share some thoughts on which upcoming Token Sale from 22nd to 27th of July a is the most appealing to you. Which one seems interesting for you to invest your funds, and which one, in your opinion, will bring the most profit? Please, select one of the options below.