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ELAMACHAIN
Hyperledger Fabric-based Emotional AI Platform
ELAMACHAIN is an emotional AI platform integrating blockchain technology and AI services to meet the needs of individual users and businesses in connection with existing ecosystem. ELA Coin(ELAC) fuels that ecosystem built on AI designed to answer human emotions, while it provides maximized utility to users of ELAMACHAIN platform.
ELAMACHAIN’s ecosystem and scalability covers the territory of the “real-world” untouched by precedent blockchain projects, ranging from application of AI services and practical – and convenient – usage of cryptocurrency in daily lives and businesses.
Elamachain is Hyperledger Fabric-based Emotional AI Platform. Designed to give you maximum satisfaction by providing user experience optimized to your cognitive, emotional preferences, AI ELA interacts with you and grows as your friend, your family, and more.
Elamachain as a platform overcomes the typical limitations of conventional blockchain services: slow transaction speed, incompatibility to security regulations, and inaccessible usage infrastructure. Elamachain platform’s Hyperledger Fabric structure allows high speed, scalability and security to the system. Also, ELA Eco-system built on AI ELA, which can recognize and respond to user emotions, is linked to already organized infrastructure, capable of effecting every scene of users’ life from customized AI services to online/offline payment systems.
AI ELA is powered by ELA Core-engine, which collects, analyzes, and stores data. While ELA Core-engine utilizes deep-learning network and distributed data storage technology to refine countless data flowing into the system, ELA you talk to grows as a one which knows you better than anyone.
Constant inflow of user data is crucial to growth of AI ELA. In order to secure large amount of quality data, users who voluntarily contributes to constitution and expansion of AI database are rewarded with ELA Coin(ELAC). You can earn ELAC by talking to ELA or completing various ELA missions, which are specifically designed on learned preferences of yours. ELA Coins circulates within ELA Eco-system made of vastly networked merchants and real-time payment system.
Artificial Intelligence(AI) was a concept first introduced by Prof. John McCarthy at the Dartmouth Seminar in 1956. For the past 60 years, AI has geometrically extended its influence and become a core technology of 4th industrial revolution. Now we can easily find AI technology and big-data based informational services aiding personal life at every corner of our daily lives. While it is serving as an essential part of technology industry, public attention on AI and its related technology has never been more vig-orous. Hence, many industries do not hesitate any more when investing in AI, the field which is highly praised for wider potential applications than any other. McKinsey’s most recent report says the world’s top 2 search engine companies Alphabet(a parent company of Goolge) from US and Baidu from China had respectively spent 30 billion and 20 billion dollars in 2017 alone. More-over, the New Yorker stated in its article on May 2018 that the Chinese government is aggressively working on developing AI technology as the utmost factor to take initiative in future technological innovation. A glance at China’s investment in AI technol-ogy leaves us with astonishment. AI start-ups of China in 2017 received almost half of total fund invested to AI related start-ups worldwide. For the field of deep-learning technology, China has applied 6 times more patents than the United States. Likewise, lots of governments and larger corporations of the world have started to pour their resources in developing AI technology. As the quantity of big data is exploding and IoT so rapidly spreading, visual and voice recognition have improved drastically in a short period of time. Such change in the environment is accelerating the AI market day by day. AI technology is building its influence over every field of industry from autonomous vehicles, drones, smart-homes, medicine, and even to asset management.
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on Sep 26, 2018 Modified on Sep 26, 2018
4
5
4
19%
This is a very ambitious project, yet simple in concept. Create a learning bot, that stores data on a secured permissioned blockchain.
The natural question is how does this differ from Google, facebook, Amazon's initiatives to provide AI assistants?
They addressed in the whitepaper by the fact that with the traditional powers the users data is not private.
I am familiar with hyperledger fabric the blockchain upon which the AI will be built. The challenge is that because hyperledger is 'permissioned' meaning that it is a private blockchain, adding additional users to the platform could prove challenging. It seems as though it would be better to fork hyperledger and create their own private blockchain which would resolve this issue. There may also be fault tolerance issues with using hyperledger. These are not fatal flaws within themselves but things that need to be worked out.
The team overall looks very capable, the greatest AI experience comes from the founder which has experience building a platform trading bot. This project is a huge leap from building a trading bot, but if he succeeded with that it is possible that he can figure this out.
Many non core team members linkedin profiles are not present and I was not able to review them. They don't have a working prototype yet, but I understand they are working on it, and will give the benefit of the doubt here and will adjust the product score when I see an MVP or prototype.
The hard cap of 52 million seems high. I would like to see how those funds will be used.
I like the gamafication portion where users can earn rewards by checking into places. This will be key towards mass adoption.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Advisor | Consultant | Pr and Marketing Expert Rated on Sep 13, 2018
5
5
4
17%
Team ★★★★★
Vision ★★★★★
Product ★★★★
This is one of the great project on blockchain.
It's designed to give maximum happiness to the user by providing user experience optimized to your emotional preference.
This project is perfect combination of AI + DPKI + Distributed storage + Blockchain.
On top of that your data is secured in HyperLedger fabric, permissioned blockchain.
This project contains all the elements of humanity plus privacy protection plus financial advantage.
Hope this project will succeed surely as it's trying to make every individual happy in this world :-)
When they have a mvp and some data updated like hardcap/softcap, I will raise the rate to 5
Partner at Blockteam Ventures | Strategic Advisor | Writer at CryptoCoinsNews | Former FBI Analyst Rated on Sep 13, 2018
5
5
5
14%
Strong team operating in a strong market. Would like to see more token information on this page such as the hard cap. There is a lower supply which I am a fan of. Also, the emotional AI component would be fascinating to see in action.
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