In spite of breakthroughs in blockchain technology Ethereum brought to the world, today’s smart contracts are limited to short, crude, and conditional codes that can not react to changing variables. Therefore, current smart contracts will never replace humans, who are able to react dynamically to shifting variables and adjust their conditions accordingly. Here comes Cortex Project.

The Cortex blockchain creates a decentralized economy for AI and machine-learning, permitting independent researchers to create machine learning models in return for Cortex tokens and Endorphins (like Ethereum’s Gas). Users acquiring access to AI models will pay Cortex tokens to use the CVM (Cortex Virtual Machine) to make an inference, which pushes to the full nodes for consensus and in return synchronizes with the entire chain and responds accordingly with an AI model.

The application of AI dapps will be invaluable to nearly any imaginable scenario, including intelligent blockchain scaling solutions (improving PoW mining efficiency), data privacy, simulation environments like autonomous driving, financial services, and information services. In short, AI dapps are capable of not only replacing human output but realizing previously unreachable outcomes with transparency and security!

In the world full of scam projects and ICO, Cortex refused to raise a large sum of money which implicate that they are not in for quick money. Per Cortex Whitepaper, there was only one private placement round and only 40,000 ETH were raised from accredited investors like FBG Capital and Bitmain. It is extremely promising to have large VC funds to back Cortex up. Cortex is definitely a project to keep in the radar.