Matrix’s Bullish 2020 Q1 Outlook from Dr. Deng of Matrix and Tsinghua University Kurisu Follow Jan 29 · 4 min read

2020 marks a new year and a new decade. This exciting time comes with new opportunities to succeed, challenges to overcome, and improvements to be made. This is especially true for new technologies such as blockchain and artificial intelligence. The cryptocurrency space in 2019 experienced many swings in both price and sentiment, from bullish and bearish market swings to improvements to technology and fundamentals; the cryptocurrency space remains as one of the hottest places to be for innovation.

One project in particularly is set to hit a huge milestone this year, that project is none other than Matrix AI Network.

What is Matrix AI Network?

Matrix AI Network is a platform which incorporates blockchain and AI to enable the realization of the Intelligent Blockchain. The use of AI allows innovations such as natural-language smart contracts (Intelligent Contracts), continual network optimization, formal contract security verification, and much much more.

Matrix’s technology is currently being used by a plethora top tier entities in a variety of fields such as clinical diagnosis, data analytics, image detection, and structural modeling among many other areas of utilization.

Dr. Deng’s vision for Matrix 2020

In a recent video, Matrix’s Chief AI scientist Dr. Steve Deng revealed one of the projects Matrix is set to release and operate in 2020.

Below is an a excerpt from Deng introducing one of their plans for 2020:

“One thing we are doing is building an AI model for wind load forecast. This will see usage in the wind power sector as wind energy is often unstable and unpredictable. Entities such as power plants however must report their expected output to the state grid ahead of time. For example, if a plant reports an expected 100 megawatts for a future time period, it would then be responsible to supply that amount when that time comes. If a plant fails to generate enough power to meet its requirement, it is then required to buy the remaining amount from an alternative energy source such as a thermal or hydro-electric plant to make up the remaining power. If a plant produces more power than its reported quota, it must accept compensation according to its original quota an is paid the same, forgoing any extra compensation. The ability to accurately predict wind load can create a lot of value for traditional wind energy plants.”

Since 2010 China has been crowned the world leader in wind power generation beating out both the U.S and E.U. In 2018, China has installed 21 GW of onshore wind capacity (representing 46% of the world market) and 1,6 GW of offshore wind capacity (representing 40% of the world market) cementing China’s position as the world’s no.1 wind power market within onshore and offshore activities.¹

“In recent years, there has been an increasing demand by flight companies for wind load forecast. This technology helps them optimize flight schedule as well as oil passenger and cargo load. According to NASA’s estimation this market could be worth $100 billion USD globally. The key is to ensure accurate prediction of wind load six to twenty-one hours ahead of time. We are working on using deep neaural networks to make accurate AI prediction based on rough information from weather forecast. The result we get is 30% more accurate than weather forecasts on average and up to 50–60% more accurate in optimal situations.”

Matrix recently announced a partnership with Beijing Theme Tech Inc which is the official service provider of China Air Traffic Management Bureau. In this partnership, “Matrix will work with Theme Tech, to provide accurate weather forecast and data services for the Air Traffic Management Bureau, airports and airlines. Additionally, Matrix will provide cutting-edge AI algorithms to build an AI-powered commercial weather data platform for the whole industry. Currently, Matrix has utilized its AI technology to increase the prediction accuracy of the wind force on the airfield runway by 30%-50%. In the future, Matrix will provide its computing power for weather prognosis to build a more stable commercial weather data platform.”²

2020 marks a new decade and new era of possibilities, while the cryptocurrency, blockchain, and AI spaces continue to grow, so does new highs in innovation. What’s crucial for the tech and cryptocurrency space however is innovation and adoption. Not only does Matrix AI Network have the fundamentals behind its foundation, its innovation and expertise naturally scaffolds adoption. 2020 marks a new era for the crypto space as Matrix will be among the few projects in the space to see real world adoption.