For all of those yet unfamiliar with the creator behind the DeepBrain Chain, his name is He Yong and he is sharing his thoughts on the digital asset he had launched by the end of 2017 with high hopes and a successful ICO. After that DBC stuck around the rough waters of the crypto market.
We all have an opinion about our favorite currency, but rarely there is a chance of hearing everything you want to know about the currency personally from the creator behind it. So, let’s see what He Yong, the man behind the DeepBrain Chain project has to say about his “baby”.
Why DeepBrain Chain?
We all know from the moment DBC was presented along with its platform that we were looking at another innovation in the terms of developing crypto values. What made DBC stand out from the crowd is its main objective and that is to aid in the development of AI technology and to further research Artificial Intelligence in general. Given the fact that the computing power AI researching and projects demand is too high and thus too expensive, DeepBrain Chain platform has a goal to help out all AI-related projects by promoting and sharing AI through DBC platform.
By creating a decentralized blockchain platform, He Yong and his team made possible for these demanding projects to get power from DBC users, who would then be set as a direct support for Artificial Intelligence projects, cutting expensive costs and redundant power.
When Yong was asked why he decided to create DeepBrain Chain and why he choose AI as the main objective behind this digital asset, he said that the main reason for coming up with DBC was the fact that they couldn’t afford expensive machines and data that would enable them to test and improve AI technology.
Every time his team would meet up, they didn’t know how to solve this problem. They needed machines that were too expensive and power sources they just couldn’t afford. He thought that this case was something that represents a problem only to him and his team, but he then found out that other AI researchers, companies, and industries have the same problem – they didn’t have the resources needed for exploring the world of Artificial Intelligence.
So, there had to be a simpler way, Yong claimed. He then started to study the technology behind Bitcoin as it struck him as something that could potentially help AI projects
The Practical Side of DeepBrain Chain
He Yong explained that it is very important for people to understand that another objective DBC has is to show how data is valuable, stressing out the importance of that value. Moreover, he claims that the biggest problem AI companies have is the accessibility to private data, the ones you can find in medical or finance sections. This data is unavailable and difficult and expensive to share, and the reason behind that is the fact that this private data is pretty easy to copy and ever easier to get leaked.
What DeepBrain Chain is trying to do is to make data more accessible within the platform without jeopardizing the privacy of that same data being shared. That is how blockchain technology can contribute to making data more accessible, but at the same time more private.
That means that the main objective would be sharing data but obtaining and maintaining the privacy of the data at the same time.
The Future of DeepBrain Chain
While some currencies have clear goals of what they are aiming to accomplish, their roadmaps and plans for future still seem unclear and obscure, even though all of these digital values are waving with innovations at our noses. Yong claims that the vision of DBC is more than clear and transparent. He claims that their top clients are Artificial Intelligence companies.
There are two core features DBC stands behind with pride. One of those features is to reduce the cost of computational power for AI companies through shared power through the platform. The other core feature Yong mentioned is the ability for AI companies to buy data at low cost. To support this idea, there would be data service providers that would sell this data to AI companies without the jeopardy of leakage.
In the future, says Yong, they are also planning on helping AI companies with financing their projects and products. The Q3 regarding the first core feature should be tested in 2018.
Yong also has something to say about the future of AI as he himself has experience in this field. A lot of people claim that AI could become dangerous in several years as it is possible that this type of technology can act on its own. Yong claims that this can easily become the case in 10 to 20 years from now as AI is being further developed.
However, he thinks that the future without AI is unimaginable. He believes that very soon human labor across many industries could get switched with AI machines. The answer to the ability to constrain and control these machines, as Yong says, lies in blockchain technology.
Blockchain technology, in this case, DeepBrain Chain can make it pretty simple to just rewrite a function within the platform which would then control the power of action of AI products, which would not be as easy outside of the blockchain platform.
At the end of the interview Yong gave to Colin Harper, He Yong added that anyone who wants to support DBC can invest, or get in touch with the team in case anyone would want to join the project by becoming a strategic partner. All strategic partners would be rewarded for their support.
How is DeepBrain Chain doing at the Current Moment?
Talking about investing in DBC, although Yong and his team are working hard on testing the limits of AI and blockchain technology, DeepBrain Chain is having a hard time with the market dip.
Just as the majority of other digital currencies, DBC is going down with its price.
After the most recent negative change in the market, DBC fell down by -11.48% against the dollar, which means that this currency is currently trading in the red.
At the moment, DBC can be bought at 0.039$ per one unit, which on the bright side still makes it a fine investment with no strings attached.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of A Health Blog via Flickr
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