What is AiBB?

dikmewe2 (25)in #aibb • 5 years ago

What is AiBB?

AiBB is an Ai assistant wrapped in a decentralised, feature-packed crypto trading application. It’s an all-in-one platform for both experienced and noobie cryptocurrency traders. AiBB provides a solution in a currently saturated cryptocurrency ecosystem where access to information is easy, but working efficiently with thousands of contradictory and time-consuming information sources, wallets, coins, and exchanges is much more difficult. Our Ai Prototype assistant is live on aibb.io, featuring a NLU, NLP, and ML proprietary patent-pending algorithm that operates within all the modules in the application. It looks, listens, and learns contextually -- a robust improvement over bot-like Ai applications, in order to deliver actionable data. Ai powers three AiBB layers: application, exchange, and Ai which all work with thousands of modules to gather and analyze thousands of points of information and centralize them so they are available to users instantaneously, anywhere at anytime.

WE SOLVE PROBLEMS !!!

Price volatility

Price volatility happens in two circumstances: first, when there is a lack of accurate assessment of the underlying value of a security and second: where there is a lack of market depth.

The first problem can be resolved through better information and investor education in the crypto-currency market and the second problem can be resolved via increasing the volume of investors.

This can be achieved by introducing more market players into this space so that no one big investor can dominate the particular cryptocurrency and engage in price manipulation.

Buying Crypto

Prior to even buying crypto, people have a notion that because there is no physical element to it, they can not convert it into hard cash in their bank account.

And they’re partially right! The process to fund crypto is to wire transfer (3-5 business days), e-transfer (instant usually) or use a credit card (limited amounts) to send your money to a 3rd party broker or crypto institute. To withdraw you need to wait a minimum of 5 days for it to hit your bank account.

We fix this by partnering with various exchanges and acquiring an EML (electronic money license) to convert crypto to FIAT on the application easily and faster than ever before.

Poor Valuation Of Markets

It’s difficult to properly value investments in a brand new space. Fear of over valuation must be met with reliable data. Early adopters navigated their way through these markets with limited tools and resources. They were self-educated and their investment transactions were made based on speculation and emotion rather than calculated, informed and educated decisions.

The cryptocurrency industry faces this challenge: investors require the right tools to allow them to build and grow a broad portfolio while ensuring a natural growth rather than risky speculation on over- or undervalued investments.

Token Loss And Transfer Time

Transfering cryptocurrencies remains a stressful with a large margin of error.. Users can check and recheck the address, but one wrong character and assets could be sent to an unknown contact.

It is also a very time-consuming process which can take up hours, where users try to mitigate risk by sending a small amount first and then sending a second round.

Misinformation

The current ICO market often relies on the intelligent evaluation of a future product. Most companies lack a product, the technology, a proper team or a vetted revenue model, and many are raising money based only on a white paper alone.

This model has allowed very astute early adopters to thrive but is not conducive to growing interest and investment in cryptocurrencies. The market should be driven by promise, not fear.

Fragmentation

An unintended ramification of decentralization is fragmentation, where market information is published in multiple places by multiple people at multiple times -- and isn’t always correct or up-to-the-minute.

Decentralized markets must rely on authorities that can assess all the fragments and make that information accessible to all. This transparency is a benefit if the centralized library is trustworthy.

SECURITY

Security is always our highest priority. Retaining some of the best cybersecurity team members on staff as well as partnering with industry leading enterprise-grade IT security and audit firms will ensure that AiBB keeps your data secure. Built using banking best practices, architecture and industry standards including ISO 27001, PCI,SOC1, SOC2 and CCSS(Cryptocurrency Security Standard), we are able to stay ahead of threats and risks that cryptocurrency generally faces.

Our own correlation and prioritization layer filters and gathers data. We store all local data at rest encrypted with AES-256. Detailed and frequently updated logs and whitelists, restricts unnecessary communications to potentially compromised third party systems.

This method also allows us to maintain a database of attacks that can be shared among AiBB applications.

Maintaining our own whitelists also allows us to maintain a database of attacks that can be shared among AiBB applications, while utilizing our Ai Technology, we are able to monitor, identify and quarantine suspicious behaviors.

We contain and modularize every single aspect of our product with persistent encryption to mitigate security threats and prevent loss of assets. All data between exchanges and users are cryptographically signed leveraging unique digital signatures for trustless transactions.