
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.
Curved Score
Overall Score
Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?
How appealing is the product? How good or necessary is it? Does it have a distinct edge?
Is it mass market or niche?
Are there many other similar solutions or is this one of just a few, or even one of a kind?
How innovative or inventive is the product, either conceptually or technologically?
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.
Is blockchain technology essential? Does it make the solution significantly different and better?
How disruptive is the introduction of blockchain technology into the product's market space?
Is the token essential or could it be done just as well or better with fiat or Bitcoin?
How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?
How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?
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.
Is there a concrete and practical development plan (vs. just a conceptual vision)?
Is it easy enough to understand?
Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?
Does it contain a viable, comprehensive business plan?
Does it present a well thought out technological architecture? Does it address implementational challenges?
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.
Is there a concrete and practical development plan (vs. just a conceptual vision)?
Is the development plan realistic? Is it based on reasonable goals and timelines?
Is there a larger, long-term vision?
How available, operational, or trusted are the other systems or capabilities on which the project relies?
Where is the project now, relative to its vision and plans?
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.
How much use is there for the token itself (regardless of its value as an investment vehicle)?
How valuable is the token as an investment vehicle or financial instrument?
Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?
How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?
What kind of legal documentation (reviews or agreements) and risk assessment are provided?
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.
Is the company already established? Has it raised funds before? Is it mature?
Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?
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?
Does the amount of talent and skill in each area seem to fit the project requirements?
Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?
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.
Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?
Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?
Is fund distribution and allocation reasonable and justified?
Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?
Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?
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.
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.
Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?
4.0How appealing is the product? How good or necessary is it? Does it have a distinct edge?
4.0Is it mass market or niche?
3.0Are there many other similar solutions or is this one of just a few, or even one of a kind?
3.0How innovative or inventive is the product, either conceptually or technologically?
4.0
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.
Is blockchain technology essential? Does it make the solution significantly different and better?
3.0How disruptive is the introduction of blockchain technology into the product's market space?
4.0Is the token essential or could it be done just as well or better with fiat or Bitcoin?
3.0How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?
4.0How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?
4.0
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.
Is there a concrete and practical development plan (vs. just a conceptual vision)?
5.0Is it easy enough to understand?
4.0Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?
5.0Does it contain a viable, comprehensive business plan?
4.0Does it present a well thought out technological architecture? Does it address implementational challenges?
5.0
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.
Is there a concrete and practical development plan (vs. just a conceptual vision)?
3.0Is the development plan realistic? Is it based on reasonable goals and timelines?
3.0Is there a larger, long-term vision?
5.0How available, operational, or trusted are the other systems or capabilities on which the project relies?
3.0Where is the project now, relative to its vision and plans?
2.0
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.
How much use is there for the token itself (regardless of its value as an investment vehicle)?
1.0How valuable is the token as an investment vehicle or financial instrument?
3.0Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?
4.0How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?
2.0What kind of legal documentation (reviews or agreements) and risk assessment are provided?
3.0
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.
Is the company already established? Has it raised funds before? Is it mature?
5.0Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?
3.0Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?
4.0Does the amount of talent and skill in each area seem to fit the project requirements?
4.0Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?
4.0
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.
Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?
4.0Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?
1.0Is fund distribution and allocation reasonable and justified?
2.0Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?
4.0Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?
4.0