What Is DeepBrain Chain (DBC)?
DeepBrain Chain (DBC) is a unique AI platform that uses blockchain technology. AI or artificial intelligence is a branch of computer science that employs machines to do complex operations that only a human brain can perform. The platform aims to develop scalable, high-performance computing infrastructure based on AI technology. DBC is the token offering by DeepBrain Chain, and it works on blockchain technology and uses Polkadot substrate.
According to the foundation statement mentioned on the website, the platform is open-source and decentralized. The statement also invites individuals with a similar mindset to contribute to its development. Adding on to this, the whitepaper claims that the platform's main aim is to help save 70% of hardware costs of the organizations. The whitepaper also seeks to reiterate that with the use of smart contracts, the cost and the risk for the organizations can reduce considerably.
In addition, the whitepaper seeks to list out a set of goals on which the DeepBrain Chain operates, as given below:
Blockchain technology can decentralize AI neural network operations and distribute them to mass nodes.
Use of smart contracts to separate data providers and data training parties to protect data privacy. Establishing trust issues to ensure sharing data for AI training is done without problems.
Use of DBC tokens in the platform as universal currency to help encourage participation from various players.
Moreover, the DeepBrain Chain platform aims to ease the computing power network's usability and commercialization. So far, DeepBrain Chain has delivered AI-based high-performance computing projects to more than 50 manufacturers worldwide. The platform also seeks to serve several more AI developer groups through innovative technology. Furthermore, the platform aims to work on more such projects in the future.
History of DeepBrain Chain (DBC)
DeepBrain Chain came into existence in July 2017 in Singapore and set out initial goals, objectives, and technical architecture. According to the timeline on the website, the DBC network went live in August 2018. The year 2020 saw the launch of the DBChain website and the launch of the mainnet in the following year, 2021. Mainnet is an individual blockchain network and has a set of protocols.
