If modern technology has taught us anything, it is that data is key to everything. Data is the lifeblood that fuels the growth and development of software. It helps give algorithms purpose. This brings me to Artificial Intelligence and the projects that are working in this space. I have been following certain projects like MatrixAI and Effect.ai and am fascinated by how they work. Another great one I’ve recently been studying and which has captivated me has been Personal Artificial Intelligence (PAI). PAI is essentially a person’s Personal Artificial Intelligence, which is a verified intelligent 3D avatar that looks like you, sounds like you, and can perform activities on your behalf. In addition to this, companies and developers can easily create their own token on top of the PAI blockchain to facilitate interaction and transaction in their own unique experiences.

A PAI learns how to model its behavior by training on the personal data provided to it. Your PAI is essentially a representation of you in the digital world. Think of it as a more advanced Second Life avatar, fueled by your data and most importantly not controlled by anyone but you. Since PAI is decentralized the power is entirely in your hands making it safe secure and trustable. PAI will play an important role in a bold new future with many distinct advantages. From our PAIs responding to emails, organizing tasks, teaching and sharing information, and answering questions on our behalf requires robust infrastructure. Many of the advantages and challenges of building this infrastructure involve data.

Project PAI (PAI) was launched on Huobi Pro on June 29, 2018, with deposits available from 16:00, June 29 (GMT+8). Both PAI/BTC and PAI/ETH trading are currently available. At the time of this writing, PAI is currently trading at 0.99 USD with a 24H Trading Volume of $59,546,900 USD and a Total Supply of 1,660,363,531 PAI. Another thing that is important to note is that PChain shares the same ticker as PAI so do keep this in mind when searching, tracking and trading. You can sign up on Huobi Pro to trade PAI.

The AI Economy

The AI Economy is essential a decentralized humanistic information economy where people are rewarded for their efforts and the contributions to the ecosystem. These rewards are determined by the typical supply-and-demand dynamics much like a how a market operates but in a transparent manner, free from the control of any central authority.

PAI’s Vision and It’s Place in the AI Economy

Through PAI tokens which are the native tokens on Project PAI, any user on the platforms can get compensated for their participation on the PAI blockchain for the various efforts and contributions they make. PAI will play an important in the AI economy of the future. These contributions will include and not be limited to activities such as contributing their data or work, authenticating other people’s data and providing their computational resources toward improving the Personal AI algorithms. Users can also build, manage, and monetize their own PAI or utilize the PAI to work for them. Developers launching their applications on the PAI Blockchain can also accept compensation for their work using PAI Coin. Thus, PAIs vision will open up new pathways in the AI economy space.

Use Cases of PAI

Since a user’s PAI will be an extension of themselves in the digital world, it will enable PAI to operate with a high degree of intelligence and as in an independent manner. Freedom will be a key aspect as it won’t be bound by time constraints or geographic location and can develop skills that the user may not possess.

This will help tackle a wide range of issue and problem and achieve numerous purposes - from acting as a personal assistant to manage schedules, making dining plans and shopping to acting as a virtual concierge that can guide the user during their travels. Life in the future will be lived out in PAI. As more and more of our interactions move to the digital space, a PAI can learn and develop enhanced skills including communicating in different languages and thus helping to expand the user’s capabilities. Saving time and effort will be a crucial aspect, too as a wide variety of everyday tasks that take up our time can be relegated to the PAI, giving the user more time to enjoy their favorite activities or to spend with family and friends. I believe that the future will be truly fascinating. Digital life won’t be thought of as a game but, in fact, will actually become the key aspect of life itself. In the future, PAI will act as the facilitator of this life.

Use Cases For Developers:

Another important aspect when it comes to the development of the PAI Blockchain Protocol is that it will be open-sourced! This means that anyone can develop PAI focused experiences on the PAI blockchain. This would help developers to tap into a variety of uses which include allowing users to interact with their doctor’s chatbot to maintain regular health updates and serve as a virtual resource for medical information, or celebrities creating PAI based experiences that allow them to interact with more fans around the world. On the PAI blockchain, users can also voluntarily share data with developers to help enhance and improve the PAI experience. All this means that the future will truly be fascinating for developers and users alike.

Some of the actual use cases could be:

VIRTUAL ASSISTANT - Where A PAI can perform tasks on your behalf, so you can concentrate your attention elsewhere.

HEALTHCARE - PAI comes as a medium to bridge better patient-doctor relationships and represent you in the healthcare space.

SOCIAL NETWORKING - PAI offers more ways to express yourself online and be present in conversations even when you are not.

ENTERTAINMENT - PAI empowers celebrities and branded experiences to exist where they previously could not.

PAI Principles

Project PAI has some interesting principles which I would like to share. They believe that everyone in the world should have the ability to create and access their own PAI on the PAI blockchain. Our avatars will serve as our digital representative, able to learn new skills that supplement our own, and capable of performing a myriad of tasks independently and in our direction. Whether consumer, celebrity, artist, physician, politician - everyone should have ownership of their digital identity. Every PAI serves as the authenticated, realistic digital representative of their unique user. To this end, Project PAI is working with several experienced blockchain engineers, architects and developers working on the project, and will soon be opening up its GitHub for public participation.

But why does AI needs democratization and decentralization?

This is because currently much of the data used in building AI models in controlled by a select few large organizations. PAI principles are based on changing the status quo. They want to ensure that data is generally monetized for corporate gain rather than communal utility. By creating a decentralized platform, the data remains under the control of each individual user, who can then determine how and what data to share.

The Team and People Behind PAI:

Alex Waters is the technical advisor to Project PAI and has been heavily involved in the blockchain technology ecosystem since 2010. He has held roles on the Bitcoin core development open source project and has founded several startups, including Coin.co, a payments company,

Apart from Alex, the development of Project PAI is spearheaded by individuals and enterprises that are helping in turning PAI’s vision and principles into realities.

One of these organizations is a leading Personal AI company ObEN. ObEN is one of several companies adopting Project PAI’s vision and contributing resources to the development of the PAI blockchain protocol. ObEN’s artificial intelligence technology can quickly create a PAI that looks, talks and behaves like its human counterpart. Its full-stack AI creates realistic, intelligent 3D avatars with technology that spans speech, computer vision, AI animation and natural language processing. All of ObEN’s R&D is conducted in-house at its lab in Pasadena, CA. ObEN is backed by top investors including Tencent and Softbank Korea.

With Alex Waters and the backing and inputs from ObEN, the project can make plans to utilize their blockchain to further secure its avatars, utilizing the decentralized and distributed computing power offered by the blockchain to further improve the quality of its AI algorithms. In addition, ObEN will also participate on the Project PAI blockchain as a developer, creating a variety of experiences using its Personal AI technology.

Final Verdict - To Invest Or Not To Invest

To sum up, I believe that the future of AI is very bright and am quite certain that PAI will put its best foot forward toward carving a name for itself in the space. Having said that, I also feel that the idea is quite ahead of its time. As a lay person, AI nowadays is the stuff of movies, TV shows, and games. People are aware of it, but can they really take it as seriously as they do in games and movies like Ready Player One? That question is yet to be answered.

I also feel that if this project does realize it’s vision and will definitely face issues when it comes to adoption etc. If it does manage to achieve its vision then I’m sure it’ll be a game changer in the space.

I think it is also important to mention here that I was invested about 1% of my portfolio in PAI and am a current holder, so my view may be slightly biased. I leave it up to you to take your calls based on the information you’ve received and knowledge you’ve gained from my article. I also advise, and this too is my personal opinion, that if you do choose to invest make sure it’s not more than 1 to 2% of your portfolio. You can make an investment in PAI by signing up on Huobi Pro where it is currently listed and purchasing PAI tokens there. Again, not that Pchain also has the same ticker.

Disclaimer: This is not financial advice. I encourage you to always do your own research and make an educated decision for any investments you may make.

Thanks for reading my article and do leave feedback in the comments section, and upvote and resteem if you liked it or found it helpful.

Cheers!

You can find more information of Project Pai here:

Website: https://projectpai.com/

FAQs: https://projectpai.com/faqs/

Whitepaper: https://projectpai.com/wp-content/uploads/2018/05/ProjectPAI_Whitepaper.pdf

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