DeepBrain Chain (DBC): The $15m ICO backed by NEO

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TLDR: DeepBrain Chain is an artificial intelligence computing platform driven by blockchain.

DeepBrain Chain (DBC) aims to decentralize the artificial intelligence neural network operation. This means that nodes are distributed through blockchain technology, reducing emissions and idle computing resources wasted in traditional centralized cloud computing platforms.

History and price movements

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• May 2017: DeepBrain Chain project research started - More than 1000 skills on DBC platform, becomes first manufacturer of AI skills platform in China.
• June 2017: $32m CNY angel investment.
• July 2017: HTML5 version of skills store released, consumers could freely add skills for AI hardware.
• August 2017: SMP2017 man-made dialogue evaluation: DBC won first prize in more than 30 domestic top AI teams.
• Q4 2017: Invited to China State Council’s notice of new generation AI and planning, attendance of one global blockchain summit every month goal.
• December 2017: DBC initial listing on KuCoin.
• January 2018: Huobi announces listing for DBC.

Bull signals

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• DBC is backed by 5 prominent investors.
  • James Ding – MD of Jinsha River VC Fund
  • Tangjun Hu – VP of Gobi Investment
  • Zhiwei Yang – Capital Partner of Jinsha River VC
  • Don Jiang – Management Partner of Gobi Investment
  • Highj Tsien – Partner of Chance Investment
• Already 100 clients using marketplace deepbrain.ai, aiming to integrate DBC tokens as currency.
• Use case: 30-70% cost savings for AI developers and firms to use DBC’s decentralized neural network instead. Cost savings is a value proposition such that mainstream companies which create AI programs can just migrate onto DBC and as such, DBC will expand with the overall AI industry growth.
• Previous clients include: Microsoft, Siemens, and Lenovo.

Bear signals

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• Competes at cutting-edge AI field which is contingent on rapid adoption and successful use-cases over mainstream AI developments (Google’s DeepMind and competing AI cryptos).
• Competitiors include Neuromation, Golem, and SingularityNET.

Key catalysts

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• 30-31 January 18: He Yong will talk at Neo DevCon.
• 30 March 18: DeepBrain Chain platform is officially on the NEO blockchain, with all code open sourced and mining software released.
• Q2 2018: Release of Alpha and Beta tests of Community Contribution & Reward System.
• Q2 2018: Co-operation/deal with 1 famous university or organization on blockchain or AI.
• Q3 2018: Launch of community contribution and reward system on the official website.

Stay tuned for more in-depth Cryptovate opinions soon...

Resources

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Official website
DBC Frequently asked questions
Whitepaper
DBC Reddit
Telegram
DBC CoinMarketCap
How to install a NEO wallet

Livestream with the co-founders

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