Mindsync (MAI) ICO

What is Mindsync

Introduction

Today's artificial intelligence (AI) market is growing rapidly. The use of AI technologies such as computer vision (CV), deep learning (DL), machine learning (ML), natural language processing (NLP) can bring huge competitive advantages in different industries.

Worldwide spending on cognitive and AI systems will reach $19.1 billion in 2018, an increase of 54.2% over the amount spent in 2017. According to IDC, AI expenses will grow up to $52 billion in 2021 and the compound annual growth rate (CAGR) will reach 46% in the 2016-2021 forecast period. But the global AI market is experiencing headaches like any growing market.

The Problem

1. Lack of staff. The demand for applied AI experts, data scientists, machine learning and deep learning developers is growing every day. Today these specialists are rare and expensive. But in spite of it all, highly competitive nature of business requires high skilled personnel to find efficient solutions in the shortest time. The scarcity and costs of these resources are a big problem for organizations using or trying to use AI technologies.

2. High cost of computing power. Data science and machine learning tasks are usually resourceintensive ones and can be efficiently solved using a large number of CPU and/or GPUs. Using cloud services such as Google Cloud, Amazon AWS, Microsoft Azure can solve that problem, though with an unreasonably high price.

3. Despite the AI industry development, in pursuit of ready-made AI solutions applicable for solving real business problems, and in other areas, their integration and adaptation are still a complex question.

4. Security problem. Lack of automated data integrity and version control. These verifications provide replicability and are crucial in applied machine learning algorithms with high security requirements.

Solution

Establish the expert community of Artificial Intelligence, Machine Learning and Data Science to solve customer's tasks, develop ML models, share experience, and improve competence.

Exploitation of crypto mining farms and exchange of computing power among some participants of the community. This significantly reduces computation cost by threefold in comparison with cloud computing.

Creating the marketplace for ready AI solutions (MLmodels and datasets). Placing production-ready solutions at the marketplace in enterprise-ready containers.

Deployment of a blockchain assures security and data integrity. Persistance of ML-models hashes, data, solution quality assessments, solution ratings, and the platform participant metadata are all saved in the embedded blockchain. It allows to verify objects and their dependencies what is crucially important in development of replicable and safe solutions.

Mindsync platform

Mindsync is an AIaaS and ExaaS* platform to solve customer's tasks with AI technologies competitions as well as a marketplace for these solutions and training datasets.

Our mission is to make better AI solutions more available, cheaper, simplier for a wide range of customers and accelerate its development.

Mindsync is the community of professionals in Artificial Intelligence, Data Science, Machine Learning, and a platform for competitively solving real-world problems by its members using mining power and computing power sharing what accumulates solutions as values and assures the solutions, data, and ratings authenticity using blockchain.

Our platform provides teamwork on tasks with ability to bound computational complexity of the solution and its cost. Experts solve customer's problems with modern industrial capabilities.

The platform enables experts to accumulate knowledge, exchange of experience, participate in competitions and earn money. Customers will be able to attract the best specialists for both solving tasks and defining them. Mindsync platform creates fundamental conditions for further development and implementation of innovative ideas and collective creativity on the verge of the most advanced technologies in the field of computing systems.

Why should I buy MindSync tokens?

The price of our tokens will keep rising as reflection of demand for AI services, their solutions, and computing power. The global AI market is steadily growing every year (average annual growth rate is 46%).

MindSync platform will generates AI solutions as well as accumulates computing power what means its capitalization growth during the expansion of the market. Mindsync will buy-back the tokens to generate prize funds for competitors. Quaterly burning of Mindsync tokens reduces the amount of circulating tokens and controls inflation.

All these actions will encourage strong market demand on Mindsync tokens and ensure a higher degree of probability that the token price rises by tenfold.