Skychain: Blockchain-Based Data Marketplace and AI Marketplace

Dec 09, 2017 at 13:10 // News
Guest Author

Skychain is starting to pre-sale its tokens on December 18, 2017. Skychain is a blockchain-based infrastructure project that will host and train medical neural networks, and allow users to access them.

The research prototypes of neural network-based artificial intelligence systems can already diagnose diseases on par with the best doctors in their field of medicine. The development of the AI-in-medicine market is hindered by a lack of infrastructure that would facilitate transactions between medical data providers and neural network developers. Nowadays, neural network developers have to buy medical data for millions of dollars or form joint ventures with data providers. No wonder high-quality medical neural networks are a rare thing.

​​Skychain’s key idea is to build an infrastructure that will be beneficial for all parties. First of all, it will drastically reduce the medical neural network development cost, which ensures that more and more high-quality medical neural networks will be created in the Skychain system.

How can you achieve that? Skychain will have a closed-loop data marketplace to allow data providers to provide their data sets as a service for third-party neural network training. All the trained neural networks will remain in the closed loop, so their developers will not be able to download them for use outside of the Skychain system. This approach guarantees that data providers will be rewarded for each use of any neural network trained on their data sets.

Skychain can reduce the medical neural network development cost by a factor of 100 by making it unnecessary for neural network developers to buy data sets for training their networks. Both neural network owners and data set providers will make a profit in that ecosystem.

As a result, neural networks will be abundant in Skychain, which will increase its value for the end user and help Skychain gain a leading position in the market. IBM estimates that the medical neural network market can reach $200 billion in several years. It’s quite possible that Skychain will grab a substantial share of that market!

Token Sale

The Skychain project is going to pre-sale its tokens with a 50% discount from December 18, 2017, to January 7, 2018. Prior to the ICO, Skychain representatives will speak at eight or more major crypto conferences all over the world.

Most importantly, the Skychain project is based on existing approaches and technologies, and all the legal and regulatory issues have been worked out. So hopefully all Skychain token buyers will make a nice profit when the project is implemented.

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