https://neureal.net
Neureal is a truly exciting project using AI predictive algorithms to make predictions and reward miners at the same time. The idea is to make the platform available to anyone, anywhere from a large fortune 500 company to a small single person business. The system used by Neureal will allow unused computing power to be put to work and used for analyzing large amounts of data to make predictions. Rewards will be given to the miners for accurate predictions. The Neureal AI will use live streams of data to give it superior predictive capabilities. The use of live data is what helps set Neureal apart from other companies in this field. Neureal has the ability to process huge amounts of data in any kind of format. This is all organized using blockchain to ensure a highly efficient and productive ecosystem. Real world uses for blockchain are in the beginning stages, and this is a great area to put the technology to good use.
The mining software is equipped with a default algorithm for prediction, although other algorithms may be developed and offered for sale in the Neureal marketplace. Other types of algorithms may be useful depending on if specialized data is being used for predictive analysis. The mining software utilizes a stack-able type of architecture. This can be very helpful as it allows the output from one prediction to be used as the input for another predictor. This is one of the superior features that separates Neureal from other prediction ecosystems.
The advantage to using blockchain for distributed supercomputer capabilities is that anyone with computing power can contribute no matter how small or large. A smaller user might only run one predictor, while someone who is providing much more computing power could be running multiple predictors.
There is going to be a public markeplace as part of the Neureal ecosystem. Data feeds may be either private or public. The marketplace is where data can be priced and sold to others. The sharechain is a public record of all the addresses, timestamps, and meta data from the marketplace. Plugins and bots will also be supported by Neureal and available in the marketplace. Plugins can add various functionalities which can be run along with the main client. Bots can also be used to perform useful automated tasks. Blockchain will contain all transactions, predictions, and data. Everything is stored in a secure manner indefinitely.
Neureal will be using both proof of work and proof of stake. Using proof of work, work must be able to be proven not to be fake, and also it must be easily verifiable. Both of these requirements are satisfied with Neureal. By comparing the prediction to what actually occurs, the work can be proven to be not fake. Also, verification will be a quick process using Neureal. Proof of stake can be used for voting purposes, because if a person holds a stake, they will want to vote for what is beneficial to the ecosystem. By using ones tokens in the marketplace for various data feeds, it is shown which ones are trustworthy and valued. When someone spends coins on a data feed, the system tallies the total spent on that particular feed and can then determine the amount for payout to correct predictions.
There are so many useful applications for this type of technology now and in the future. This is really the direction that cutting edge technology is taking. It is a perfect real world use for blockchain. Neureal looks like a great platform and I am excited to see it fully developed. There is a fantastic team behind this venture. Please visit the websites I have listed below to research more about Neureal and its uses and functionality.
Telegram Channel: https://t.me/joinchat/C8JtFkMMkD2O6skOEaFn7Q
Whitepaper: https://drive.google.com/file/d/1foF_O3EBGk6h6tCCx9NPZuUhNUmGLpMv/view
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457
This seems like a great under the radar company. I think this type of AI is going to be very big in the future. Nice article!