The Artificial Intelligence market is growing at a remarkable rate but has become more inaccessible than ever. The requirement for large annotated datasets and a complex technical infrastructure has driven AI development behind the closed doors of corporations. This blogpost introduces an open, decentralized network called DeepCloud, that provides services in the Artificial Intelligence market.
About DeepCloud
DeepCloud AI is an AI-driven cloud computing platform designed for decentralized applications, namely, IoT and Web 3.0 dApps. The platform will offer a marketplace for computing and storage resources. This marketplace is supposed to enable companies and individuals to share their excess capacity. The solution envisages a Matching Engine that will automatically find suitable resources for application developers.
DeepCloud AI’s goal is to function as both an Infrastructure-as-a-Service (IaaS) and Software-as-a-service (SaaS). They want any party to be able to create and deploy software to the DeepCloud network. DeepCloud AI’s Core Platform controller manages the resources and has the AI Matching engine for matching the Network Resource Providers and the Application developers. DeepCloud AI’s Developer Community providers open source tools for the IoT and DApp application developers. Some of these tools are provided by DeepCloud AI itself, other’s will be contributed by the broader community.
The DeepCloud Network is a peer-to-peer network, which means that it connects users across the network so that they can perform tasks on their computers much more rapidly and that normally take a long time. The faster processing time enables individuals to not only complete what they need to do, but it also gives the opportunity to do even more than usual.
DeepCloud AI Ecosystem
DeepCloud breaks their ecosystem down into 4 costumers:
Network Resource Providers:
They are those who wish to earn DEEP tokens by providing unused computing resources from their hardware devices. In order to run the DeepCloud AI nodes on their devices, they have to lock DEEP tokens as Proof of Stake. DeepCloud AI will optimize its resources by organizing nodes in clusters based on their specifications. Therefore, each device will have its processing power optimized. The main aspects for the AI controller is sharding, and sidechains. As the network is self-organized and based on the AI. The more information one can get from each node; the better the network would be.
Network Users:
The businesses will use DEEP tokens to access database services, software, and processing power. Businesses are incentivized to use Deepcloud AI because of the lower cost and higher security compared to the traditional IaaS & SaaS providers.
Application Marketplace Providers:
Developers can earn DEEP tokens by deploying software on demand in the DeepCloud AI. They are required to stake tokens to ensure their honesty. Network users will pay DEEP tokens to access the software.
Master Nodes:
The command centers are controlled by AI. Master nodes organize regular nodes into proper cluster. They match the requests from the network users with the right clusters in real time. In cases of congestion, side-chains will be utilized. (Sidechains are separate blockchains that can conduct cross-chain transactions with a main chain via a two-way peg.)
DEEP Token
The DEEP token will be launched on the Ethereum blockchain, adhering to the ERC-20 token standard. It will be the medium for payments between workers and requesters on The Network.
DeepCloud’s first goal is going to carry out a ‘transition process’ with the tokens when DeepCloud have integrated with a much faster and scalable blockchain, NEO or ICON for instance.
With the tokens, they want the following actions to always be possible on their platform:
- Access to the deep clouds network system
- Utilize premium features for High-End Users
- Payment means by Network Users and Application Developers
- Payment method to Network Resource Providers and Application Marketplace Providers
Token Sale
In term of ICO, DeepCloud initiated their crowdfunding in 3 sessions:
- Private Sale (with a bonus of up to 25%)
- Pre-Sale
- Public Sale
With a total of 200,000,000 GNT created and 40% of those tokens going to crowdfunding participants. 15% will be distributed to the development team. Maximum of 5% of token supply will be distributed to advisors. 15% will be offered directly for usage of DeepCloud platform as an initial growth mechanism. A portion of 5% has been set aside for influencers, media, events, conferences and other non-crucial as a marketing incentives, the rest 20% will be reserved.
DeepCloud sets an initial hard cap of 15,000,000 USD. The estimated token price is about $0.25. Only ETH will be accepted on the public sale.
DeepCloud AI Team
According to the website, https://www.deepcloudai.com/, DeepCloud AI Team includes 9 professionals with a large variety of background from cloud computing, cyber security and finance. The biographies of key team members are listed below:
Max Rye, CEO. - 15 years of experience in Cloud Computing Industry. Experienced in Enterprise-level Cloud Infrastructure. AI Researcher.
Geeta Chauhan, CTO . - CTO of Fortune 500 companies. 25 years of experience in leading diverse global teams. Silicon Valley Software Group. Experienced in implementation of AI on Blockchain.
Miroslav Sala, Chief Product Officer. - 12 years of experience in business management. INSEAD MBA valued and he has spent 6 years working in Ebay as a Business Performance Manager.
Joseph Vargas, Principal AI/Cloud Artichect . - 13 years of experience in building corporate cloud and AI systems. Experienced software architect and enterprise-level applications and solutions.
Felix Castro Rodriguez, Head of Development Team. - 18 years of experience in R&D project lead and full stack app dev. Expert streaming engineer and blockchain integration.
Maged Eljazzar, Head of AI/ML Engineering. - 5 years of experience in AI and blockchain development. Experienced in Machine Learning and distributed ledger system.
Derin Karim, Head of Community Management. - Derin is the project director of Alphablockchain Solutions. He is experienced in community management and has supported several ICOs in the past, including THEKEY, Zebi and PChain.
Gerard James, Online Marketing and Growth Manager. - 5 years of experience in digital marketing professional. Previously part of the growth and marketing team at Skyscanner managing emerging growth markets in the APAC region (Vietnam, Indonesia and Philippines). Specialist in Growth hacking, Marketing, Strategic and operational go-to-market, Lean startups & digital ventures.
Kevin De Koning, Head of Digital Content. - A young and ambitious man who values life. A person who wants to innovate and look for new techniques for improving is quality of work.
Conclusion
In terms of technology idea, Deepcloud AI has a good but not new idea about a general purpose solution so it has many competitors like Storj, iXec, Golem, and SONM who did launch the same idea before. Deepcloud AI has a good ICO hardcap of $15 million with a reasonable bonus up to 25% for the private sale. In theory, such a general purpose solution should achieve a higher capitalization compared to specific ones. In terms of partners, there are some partners listed on the website; however, they are not the outstanding ones. We need to wait for others and real MVP in the future before making your own decisions.
More Information About DeepCloud AI:
Website: https://www.deepcloudai.com/
Whitepaper: https://www.deepcloudai.com/paper/Whitepaper_DeepCloud_AI_Version1_00_ENG.pdf
Twitter: https://twitter.com/DeepCloud_AI
Facebook: https://fb.me/DeepCloudOfficial
Telegram: https://t.me/deepcloud_ai
Author: samuraijin
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=905398
ETH Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455
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