Cortex

by Cortex Labs

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Velas

by Velas

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Cortex

by Cortex Labs

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Velas

by Velas

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What problem does this service solve?

Cortex is bringing AI to blockchain. Their goal is to create an autonomous decentralized AI system that combines the benefits of artificial intelligence algorithms to smart contracts.Velas aims to use artificial intelligence to create a blockchain platform that is more secure, interoperable, and scalable.SingularityNET is a blockchain based marketplace for AI algorithms. Artificial Intelligence systems require a constant flow of new data to improve the algorithms upon which they are run. A decentralzied marketplace fueled by token incentives could make this exchange of data scalable and greatly improve the rate of improvement of AI.

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Company Description

Cortex is an AI compatible blockchain platform. The Cortex Blockchain is an autonomous decentralized AI system that enables AI models to be included in the smart contracts that are run. Users can create their own decentralized artificial intelligence applications (AI DApps). Cortex is powered by the CTXC token, that serve as an incentive mechanism for collective collaboration.
Cortex has released a demo environment called "Silencer" where AI models can be executed and simulated in a blockchain environment.

The Velas cryptocurrency is the native coin of the Velas blockchain. The DPoS network uses artificial intelligence to enable faster, more secure, and more interoperable transactions and smart contracts. It is a self-learning and self-optimizing platform with a consensus mechanism that selects block producers with artificial intuition in order to create a more equitable incentive mechanism for managing the network. The platform is built upon a layer of AI-optimized neural networks. The Velas cryptocurrency can supposedly process up to 30,000 transactions per second. The company has also released an exchange, a wallet, a browser extension, and a merchant ecosystem.

SingularityNET is a decentralized marketplace for AI algorithms. SingularityNET allows their users to monetize artificial intelligence algorithms. This marketplace has the potential for developers and companies to exchange vital AI data that will lead to increased scaling and better overall performance in the entire AI ecosystem. Automation that utilizes AI already plays an important role in manufacturing. A blockchain-based marketplace would make AI data collection more scalable and could bring radical improvements to this sector.

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