Hoon ChoICO team member replied on 17 Sep 2018
About ELAMACHAIN
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.
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