Artificial intelligence or AI, which is the creation of smart hardware or software which replicates “human” behaviors like learning, task completion and problem-solving, is one of the most important trends in the world of technology.
According to the online data site Statista, the global AI market is expected to hit an estimated $4 billion this year – a figure which is expected to jump to @10 billion by 2020.
Dbrain is one company at the forefront of advancements in the AI space.
This company is best described as an open blockchain platform for collectively building AI apps, and it links AI developers and businesses with crowd workforces from low-income countries, creating a win-win situation for all of the participants in the rapidly growing AI market.
Dbrain makes AI more accessible to businesses by directly connecting them to data labelers, as well as allowing people to earn money in exchange for their effort and skill in building AI apps.
Dbrain, which was founded in the summer of 2017, secured $2.5 million in seed funding, as well as reached an important milestone by releasing the Alpha version of its platform, which included a web application and a Telegram bot.
Driven by the idea of engaging data labelers in revenue distribution within the AI market, the company Dbrain aims to link the crowd workforce in low-income countries with AI developers and businesses.
The platform of Dbrain is the connection hub for all parties if the AI app development process. According to this company, there are four major elements to this:
- Data owners upload data, as well as host datasets on the platform;
- Crowd workers perform data labeling and validation, and they are also paid instantly with cryptocurrencies;
- Data scientists build and train neural networks, as well as create AI apps;
- Businesses can use the existing solutions or request some new ones from AI developers.
Dmitry Matskevich, who is the chief executive officer and co-founder of the company Dbrain, said that their platform is capable of reaching 2 billion unbanked people in low-income countries, as well as to provide them with some extra income streams in tokens, which are usually more stable than local fiat currencies.
Of course, talented, as well as highly skilled engineers are vital for AI development. But, the reality is, their tech will not work without the input from less-skilled workers in developing countries who analyze, as well as mark up and create such large datasets. Our aim at Dbrain is to create a community that is involved in income distribution as much as in the development process.
Dmitry Matskevich, who is also a serial entrepreneur and self-described “data geek,” noted that the platform of Dbrain integrates the AI app production cycle into one single product which automates most of the “human-in-the-loop” workflow.
He said that currency it is the only working solution which combines functionality to label data, as well as create customized models, ensure data security and validate the markup results with cryptocurrency payments and payouts to both labelers and AI developers.
Matskevich also touted his Dbrain core team and advisors, who, according to him, have a proven track record in business development and execution, as well as in AI and Deep Learning.
The team of Dbrain is well-known in the industry and has already launched several AI products like Icon8 and Connectome.ai which will expand on the Dbrain platform.
– The convergence between blockchains and AI.
Having worked on previous AI projects which include high-scale solutions for the industry of agricultural, the Dbrain creators came to the epiphany that the secret weapon of AI technology is not just about intelligent code.
Rather, it is the data that the code crunches. They have found that large datasets are mainly owned by a corporation such as Google and Facebook, who also set the price and have the power to prevent smaller players from entering the AI development industry.
On the other hand, data labeling mostly falls onto less-skilled workers in low-income countries, who currently receive only a fraction of market incomes.
Aleksey Hahunov, CTO, and co-founder of Dbrain said:
8% of AI is data. Datasets for machine learning are still labeled by hand and require a lot of effort. We provide one simple tool for crowd workers and data scientists to turn data into real-world AI solutions. The company Dbrain connects all parties and seamlessly integrates all the stages of the AI app development and deployment into one single product which democratizes AI.
Blockchain protocols and an internal cryptocurrency will be employed, to ensure fair revenue distribution and transparency throughout the Dbrain network.
Blockchains make this process much faster, as well as increase security and achieve high-quality results at the lowest price.
Dbraincoin is the internal currency which parties use to pay, as well as to receive for work, data and AI app use on the platform.
We believe that AI is going to drive global economic growth and that it also has the potential to disrupt all industries and professions. What is more important, it can improve the welfare of billions of people by minimizing the income gap between countries. We aim to beat the barriers which cramp AI expansion across the globe by creating an infrastructure for its growth. Dbrain democratizes AI, as well as makes it accessible to every business and lets people earn money in exchange for their effort and skill in building AI.