Synapse AI – Decentralized Data and AI Marketplace
Synapse AI – Decentralized Data and AI Marketplace
On September 22, 2017 a new project made its announcement on the Bitcointalk.org forums: “Synapse AI“.
In the following article we’re going to summarize the project as well as give you our opinion on whether or not to invest in it.
What is Synapse AI?
- A decentralized data and machine learning marketplace and exchange.
- Allows anyone to contribute data, train machine learning models, and be compensated for both.
- Will be the data and intelligence protocols for the next distributed stack layer.
How does Synapse AI work?
The Synapse AI market works like this:
- Agents look to fulfill smart contract and ad-hoc data queries.
- Data pools are created and expanded.
- Machine learning models are created and trained using these data pools.
- These models are in turn offered back to agents through micro transactions.
Synapse AI Roadmap
Inital Coin Offering Schedule
- September 1, 2017: Site went live
- September 8, 2017: Pre-Sale
- October 21, 2017 (07:00 UTC): ICO starts
- November 21, 2017 (06:59): ICO Ends
Product Development Schedule
- Spring 2018: Phase I
- Summer 2018: Phase II
- Fall 2018: Phase III
- Winter 2018: IV
Team
At the time of writing this article the team consists of 3 members:
- Dan Gailey (CEO [RadBots, Baqqer, Make:, e.Ventures])
- Nathan Ross (COO [RadBots, Bright.com, Viewics Healthcare, FCB Advertising])
- Jamie Cushenan (Blockchain Developer [Baqqer, BoS Game Studio])
They also have four advisors:
- Hugh Dubberly (Stanford, Apple, Netscape)
- Howard Rheingold (Author, Stanford, Institute for the Future)
- Jackson Palmer (Dogecoin, Adobe)
- Jade Van Doren (AllTrails, hopOn, TechForward)
Initial Coin Offering
- ICO will feature the sale of an ERC-20 Token built from an ethereum smart contract.
- Token distribution:
- 33% Token Sale
- 33% Developer Fund
- 33% Company
- 01% Token Sale Costs
- Token disbursement will happen 60 days after the public auction.
(Source)
Important Links
- Website: https://synapse.ai/
- Whitepaper: https://s3.amazonaws.com/synapseai/whitepaper/whitepaper.pdf
- Facebook: https://www.facebook.com/syntoken/
- Twitter: https://twitter.com/aisynapse
- Slack: https://synapseai-slack.herokuapp.com/
- Reddit: https://www.reddit.com/r/synapseai/
- GitHub: https://github.com/SynapseOrg
- Bitcointalk.org: https://bitcointalk.org/index.php?topic=2198553.0
- Bounty program: https://bitcointalk.org/index.php?topic=2198555
Important Infos
- Token: SYN
- Total Supply: 1,000,000,000
- Platform: Ethereum
Review
Innovation
Data and machine learning is a relatively new concept in the field of computer science. Synapse AI wants to combine this with a marketplace and use the blockchain and its associated technologies as the foundation for their project. This makes this project extremely innovative and promising.
Team
Altough – at the moment – the team only consists of four members, they seem to have good qualifications. They also have a ery promising board of advisors (with Hugh Dubberly for example). Together they could make this project really big.
Potential of Use
Synapse AI chose a very niche field for their project. The majority of the population doesn’t need a decentralized marketplace and exchange for data and machine learning. But we’re very sure that those who will use it will make use of the functionalities of the Synapse AI project to the fullest.
Innovation: | ![]() |
Team: | ![]() |
Potential of Use: | ![]() |
Read our other articles:
http://cryptocurrency-advice.com/initial_coin_offerings/
https://bitcointalk.org/index.php?action=profile;u=1037555
Bitcoin has seen rapid increases over the last few years and there are now those who will claim that the bubble is about to end and the currency plummet. Some of us continue believe in the idea of an independent system outside of the control of the banks. We do not believe that Bitcoin is past it’s best. We will be staying with Bitcoin and are quite confident that it will keep rising more steeply than previously.
I am continuously looking online for posts that can facilitate me. Thx!
I really like and appreciate your blog article. Fantastic.
I really liked your article.Thanks Again. Really Cool.
Aw, this was an exceptionally good post. Taking the time and
actual effort to make a good article… but what can I say… I put things off a lot and don’t manage to get nearly anything
done.
Youre so cool! I dont suppose Ive read anything like this just before. So nice to seek out somebody with many original thoughts on this subject. realy appreciation for starting this up. this excellent website are some things that is needed online, an individual after a little originality. useful task for bringing a new challenge for the internet!
You really make it seem so easy with your presentation but I
find this matter to be really something that I think I would never
understand. It seems too complicated and very broad for me.
I’m looking forward for your next post, I
will try to get the hang of it!
Nice post. I discover something tougher on different blogs everyday. Most commonly it is stimulating to learn content off their writers and use a little at their store. I’d would rather apply certain using the content in my weblog whether you don’t mind. Natually I’ll offer you a link for your internet weblog. Appreciate your sharing.
Simply wanna comment that you have a very nice web site , I like the design and style it really stands out.