AiBB | BRIDGING FIAT AND CRYPTO

linylinlin (30)in #crypto • 6 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.

Looking (ML Integration)

Based on Naïve-Bayes and Levenshtein Distance equations, our custom algorithm is tuned to automatically extract, classify and categorize similar repetitive information while correlating relevant data metrics.

Learning (AI & supervised ML)

Our AI is trained through supervised ML with most responses generated through machine repetition and understanding of context, category and request vs. the information available. Quickly able to develop its own structured responses and recommendations.

Listening (NLP)

Our NLP algorithm is based on Google’s Slot, Intent and Classification methods (demonstrated by Google Assistant) and Named Entity Recognition models. This allows us to capture a user’s intention with context, classify it properly before processing the request.

AiBB 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.

BRIDGING FIAT AND CRYPTO

One of the main barriers to entering the crypto world is the transfer of FIAT currency to this ecosystem. Exchange and brokerage firms tackle this by having their user wire the funds to the firm and then wait a few business days for the funds to arrive in their account.

AiBB approaches this in a different way. We are in the process of applying for an Electronic Money License (EML) in the EU and with this EML, we are able to offer all our EU customers their own Bank accounts (IBAN). These users can send, receive, spend FIAT and we can convert crypto to FIAT though our exchange layer and depositing it into the user’s IBAN.

For our customers outside the EU, our plans are to partner with various institutions to facilitate these functions.

Send: Users can send money to any contact or bank account around the world.

Spend: For our EU customers, you will be about to spend your funds in the same manner as any bank account.

Receive: Funds can be accepted for goods and services you provide. Great for freelancers who have clients over the world.

Convert: Instantly move your funds from crypto to FIAT and vice versa.