DeepBrain Chain

DeepBrain Chain is an artificial intelligence computing platform driving by blockchain technology. In the future, every company will have a use case for artificial intelligence.

About DeepBrain Chain

DeepBrainChain is a decentralised neural network that distributes computational requirements to thousands of nodes in order to lower the cost of computing as well as make use of all the benefits of blockchain technology. The neural network computing nodes of DeepBrain Chain can be dynamically adjusted according to the amount of calculation of the users products. Essentially, DBC is both a data computation platform and a data trading platform.

4.5

Curved Score

3.5

Overall Score

Curved ScoreActual Score
DeepBrain Chain
15 Dec10 Jan
$0
$11,800,000
Visit Website
Token Sale Use of Blockchain

Product

3.6
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Product

DBC has a working platform released in April 2017. Currently there are more than 100 manufacturers and 200,000 users have connected to more than 500 models of smart devices, DBC claims in their whitepaper. DeepBrainChain is more focused towards medium to large scale models, but as the AI industry grows exponentionally, so does DBC’s appeal and relevance. There are several competing projects, namely Golem and Neuromation, but DBC is heavily backed by the NEO foundation, and has already established future listings in big exchanges (Kucoin for instance), after the ICO is done.

Product Whitepaper

Use of Blockchain

3.6
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.

Use of Blockchain

DeepBrainChain will release DeepBrain coins based on NEO and it will run issuing algorithms on NEO’s smart contract infrastructure. DBC’s network nodes can be large mining nodes (such as those of a large pool), or medium mining nodes, using Azure and Ali cloud for minind, or a high-performance home computer. AI factories submit docker images that contain neural network computing requirements to DBC clients. The nodes that meet the requirements will compete to deploy the docker image, and eventually successful deployment of mirrored nodes will result in token rewards. Simply put, DBC miners supply computational power to the network, which is used by AI models, large or small, and receive DB coins as reward. Since DBC is both a data computation platform and a data trading platform, the use of blockchain is essential to increave privacy and efficiency throughout the network.

Use of Blockchain Roadmap

Whitepaper

4.6
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.

Whitepaper

At 34 pages long, DBC’s whitepaper is very thorough and comprehensive. It presents a techonlogical viewpoint of DBC’s system architecture and general infrastructure, as well as a business plan model. Despite being somewhat monotone in terms of readability, it is still very readable and easy to understand, even with a lot of technical jargon appearing here and there.

Whitepaper Compliance

Roadmap

3.2
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

DBC already garnered some attention after releasing their platform in August 2017, and after a few high profile investments. (https://www.yicaiglobal.com/news/ai-blockchain-project-deepbrain-secures-usd492-million-its-first-financing-round NEED TO BE ADDED AS LINK) Their vision is optimistic yet feasible, considering the planned rise of NEO’s platform along with the entire AI industry in upcoming years. They are highly dependent on NEO, naturally, and if NEO tanks, so does DBC. Their current position is good – their ICO is reaching its final stretch and as said numerous times, their platform is up and running.

Roadmap Company and Team

Compliance

2.6
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

The token allocation will go as follows: 9% for the token sale public offering, 25% to DBC foundation and ecosystem (Only 10% can be unlocked in the first month, with 10% more unlocked each year for 10 years), 6% for pre-sale, 10% for the DBC team and 50% towards the minind production. In the fisrt 5 years of mining, 500 million DB coins will be produced each year, and the income will be reduced by half every 5 years, according to the team. The DB coin is the incentive for miners to keep mining, and in that sense is intergal to the system. Seeing how DBC already signed with exchanges in regards to future listing once ICO is done, and in conjuction with the incentive system mentioned, the DB coin must act as a security in that sense, yet there is no mentioning of this issue in the whitepaper.

Compliance Token Sale

Company and Team

4.0
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

The DBC team is looking packed. Most if not all lead team members are of Chinese origin, and most if not all have academic degrees. Social media profiles can be found online after a Google search, there aren’t any links in the whitepaper itself, and there isn’t much information about the team in DBC’s website. The team is assmebled and looks to be comitted, with relevant skills sets in each important sector.

Company and Team Product

Token Sale

3.0
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Token Sale

There are currently 900,000,000 DBC circulating out of a total of 10,000,000,000 DBC. The ICO has no minimal raise amounts, and the hard cap is at approximately 10,000 ETH or the equivalent in NEO. Fund allocation is not disclosed. There is quite the media presence and following in regards to DBC.

Product

DBC has a working platform released in April 2017. Currently there are more than 100 manufacturers and 200,000 users have connected to more than 500 models of smart devices, DBC claims in their whitepaper. DeepBrainChain is more focused towards medium to large scale models, but as the AI industry grows exponentionally, so does DBC’s appeal and relevance. There are several competing projects, namely Golem and Neuromation, but DBC is heavily backed by the NEO foundation, and has already established future listings in big exchanges (Kucoin for instance), after the ICO is done.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
Product Score:
3.6

Use of Blockchain

DeepBrainChain will release DeepBrain coins based on NEO and it will run issuing algorithms on NEO’s smart contract infrastructure. DBC’s network nodes can be large mining nodes (such as those of a large pool), or medium mining nodes, using Azure and Ali cloud for minind, or a high-performance home computer. AI factories submit docker images that contain neural network computing requirements to DBC clients. The nodes that meet the requirements will compete to deploy the docker image, and eventually successful deployment of mirrored nodes will result in token rewards. Simply put, DBC miners supply computational power to the network, which is used by AI models, large or small, and receive DB coins as reward. Since DBC is both a data computation platform and a data trading platform, the use of blockchain is essential to increave privacy and efficiency throughout the network.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.
Use of Blockchain Score:
3.6

Whitepaper

At 34 pages long, DBC’s whitepaper is very thorough and comprehensive. It presents a techonlogical viewpoint of DBC’s system architecture and general infrastructure, as well as a business plan model. Despite being somewhat monotone in terms of readability, it is still very readable and easy to understand, even with a lot of technical jargon appearing here and there.

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Whitepaper Score:
4.6

Roadmap

DBC already garnered some attention after releasing their platform in August 2017, and after a few high profile investments. (https://www.yicaiglobal.com/news/ai-blockchain-project-deepbrain-secures-usd492-million-its-first-financing-round NEED TO BE ADDED AS LINK) Their vision is optimistic yet feasible, considering the planned rise of NEO’s platform along with the entire AI industry in upcoming years. They are highly dependent on NEO, naturally, and if NEO tanks, so does DBC. Their current position is good – their ICO is reaching its final stretch and as said numerous times, their platform is up and running.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.2

Compliance

The token allocation will go as follows: 9% for the token sale public offering, 25% to DBC foundation and ecosystem (Only 10% can be unlocked in the first month, with 10% more unlocked each year for 10 years), 6% for pre-sale, 10% for the DBC team and 50% towards the minind production. In the fisrt 5 years of mining, 500 million DB coins will be produced each year, and the income will be reduced by half every 5 years, according to the team. The DB coin is the incentive for miners to keep mining, and in that sense is intergal to the system. Seeing how DBC already signed with exchanges in regards to future listing once ICO is done, and in conjuction with the incentive system mentioned, the DB coin must act as a security in that sense, yet there is no mentioning of this issue in the whitepaper.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
2.6

Company and Team

The DBC team is looking packed. Most if not all lead team members are of Chinese origin, and most if not all have academic degrees. Social media profiles can be found online after a Google search, there aren’t any links in the whitepaper itself, and there isn’t much information about the team in DBC’s website. The team is assmebled and looks to be comitted, with relevant skills sets in each important sector.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
4.0

Token Sale

There are currently 900,000,000 DBC circulating out of a total of 10,000,000,000 DBC. The ICO has no minimal raise amounts, and the hard cap is at approximately 10,000 ETH or the equivalent in NEO. Fund allocation is not disclosed. There is quite the media presence and following in regards to DBC.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.
Token Sale Score:
3.0
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