DeepBrain Chain (DBC) ICO Review & Analysis – DeepBrain Chain Review

DeepBrain Chain

AI Computing Platform Driven By Blockchain

Nep-5 Token

Using blockchain technology, Deepbrain Chain have developed a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related products and services.

DeepBrain Chain is a decentralized neural network. Countless nodes across the world will supply computational power to AI companies and receive DBC as rewards. 70% of the DBC will be paid by the system and AI companies only need to pay 30%.
Our token, DBC, is traded via smart contracts based on NEO. We use a hybrid consensus mechanism combining DPOS with POI.

DeepBrain Chain is also a secure data trading platform which, by separating data ownership from data usage, maximizes the value of data while ensuring data privacy

Low Cost – Deepbrains system saves enterprises up to 70% computing power costs.
Security – Insulated data transaction environment secured by encryption algorithms and smart contracts.
Privacy Protection – Separating data ownership from data usage right using smart contracts.
Flexible Computing – Dynamic provision of computing power based on demands.

“DeepBrain Chain is the world’s first AI computing platform powered by blockchain, standing at the intersection between AI and blockchain, two of the most revolutionary technologies in the 21st century.”

Exchanges

Positives

The AI industry is only going to get bigger at this point. There are still few applications that integrate with day to day life for the average person that involve Artificial Intelligence but companies such as Microsoft and Samsung are already deep into development with this technology. Speaking of Microsoft and Samsung – They’re already working with parent company , DeepBrain, along with over 100 other corporate clients and 200,000 users. A huge industry with crazy growth potential for the future.
DeepBrain recently teamed up with SingularityNET. These two projects were going to be competing with each other but due to the recent partnership, they’ll be working together. What the team lacks in marketing skill, they obviously make up for in business strategy and development. Taking potential competition and finding a way to work with each other shows great networking abilities. Why would you compete if you don’t need to? Great to see a partnership between these two.
Running on the NEO blockchain, Deepbrain Chain will enjoy all the technological advantages that the blockchain provides over other DAPP platforms such as Ethereum or Qtum. NEO based projects have done quite well from an investors standpoint due to the blockchain not being completely saturated and having a higher access barrier for developers. We’ve typically only seen established projects/companies hold ICO’s on NEOs platform, not concepts that may or may not happen (see hundreds of Ethereum tokens)
Very strong team here. He Yong (CEO) He Yong is among the first batch of entrepreneurs in the field of artificial intelligence in China. He has presided over the research and development of the first Chinese voice assistant, Smart 360, whose registered users exceeded 17 million, He also led the development of the world’s first artificial intelligence speakers half a year earlier than Amazon Echo. He led the DeepBrain Chain team to win an innovation and creativity award in ZhongGuancun’s Second Blockchain Competition in 2017. Dongyan Wang (Chief Officer) Dr. Wang has almost 20 years of Silicon Valley experience in artificial intelligence, business intelligence and data science, leading world class, industry award winning, global high-tech organizations as senior executive for Global Fortune 500 enterprises (Cisco, NetApp, Midea Group, Samsung) and a successful startup.

Concerns

At the time of writing (June 16th, 2018) the DeepBrain Chain website is a mess from a technical view. Images didn’t seem to load for us on any browsers and plenty of other elements throughout the site just failed to load completely. In addition to a pretty technically broken website, there isn’t a whole lot of information on the DeepBrain platform itself. We recommend investors go straight to the Whitepaper.
We mentioned a technically broken website and usually we see this due to weak marketing teams/resources. DeepBrains marketing was a bit lackluster earlier in the year but has recently improved, perhaps due to others pointing this out. It’s essential that complex platforms like this communicate properly with their audience. Some investors simply won’t have a clue about the technical workings of the DeepBrain platform but as long as they see activity on social media and marketing channels, investors will be kept happy most of the time. It’s also worth mentioning that right now we can’t find a Github for DeepBrain Chain. We sometimes see “first movers” hide their code development as a way to protect from potential code theft. Not a huge issue but investors should keep an eye on this.
Competition here is probably our main concern. DeepBrain has recently partnered up with SingularityNET who was their main competitor prior to the partnership. With AI and decentralized computing being such a new industry, it’s only a matter of time before a competitor comes along and takes advantage of a few of DeepBrains weaknesses. We aren’t saying DeepBrain will be knocked off the ladder, we’re just saying investors need to keep an eye on upcoming competition.