Machine learning is integral to today’s web applications. However, all the computing power needed to run most of these scripts is centralized around the tech giants such as Google, Facebook, and Amazon. Blockchain technology might offer the solution that will democratize artificial intelligence while at the same time respecting much-needed data privacy. In order to merge the blockchain and AI, we need a huge upgrade on the current hardware, specifically only GPUs can handle the processing load of AI. Whereas currently, Ethereum nodes are run on CPUs. An inhouse solution would be a blockchain-powered shared economy of computing power. Luckily, already there are attempts in this space by projects such as Golem and SONM. This can be used to power machine learning models and dapps, unlocking the potential of both blockchain and artificial intelligence.

Current smart contracts run on Ethereum platform are simplistic and have not developed significantly since inception. CortexLabs seeks to augment the power of smart currents by using artificial intelligence. “Smart” smart contracts will herald a new wave of dapps that can be able to respond to variables internally and externally in an intelligent fashion. This ushers in a new wave of next generational applications. Artificial intelligence software requires a blend of both software and hardware development. It is for this reason that CortexLabs has already initiated a partnership with Bitmain, one of the manufacturers of Bitcoin mining rigs.

Cortex Virtual Machine will be the environment for execution of its AI smart contracts. Cortex Virtual Machine will run on GPU and not on CPU, boosting the computing power to meet the programming needs. Users of the platform are rewarded to upload or optimize machine learning models, tasks or dapps. So for example user A can deploy their and optimize their machine learning model while user B can use the optimized model to launch their dapp.

The total amount of Cortex coins is 299, 792, 458 CTXC. 60,000,00 were sold in private sale at a ratio of 1 Eth to 1500CTXC, raising 40,000 Eth. The private sale tokens and airdrop(conducted in February) have been distributed and currently can be traded on Huobi. 150,000,000 will be mined through Proof of Work consensus. Some notable roadmap milestones include the testnet for mining in Q3, testnet for AI smart contracts in 2019 Q1 and main chain in 201 Q2.

https://twitter.com/CTXCBlockchain

http://www.cortexlabs.ai/

https://t.me/CortexBlockchain