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What He Yong Has to Say about DeepBrain Chain (DBC)

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DeepBrain Chain

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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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