Nebula AI

Decentralized AI blockchain

[Short general description]: Nebula AI is a decentralized blockchain, integrated with artificial intelligence computing services. It can significantly reduce the traditional electricity usage on mining, by converting GPU mining machines into AI computing units. It allows anyone access AI computing resources from anywhere to anyplace in the world.

 

[Main problems tackled]: Nebula will utilize the decentralization of blockchain technology to rent and distribute the computing power of artificial intelligence machines globally. Blockchain encryption technology efficiently avoids the problem of internal leakage and the maintenance of distributed AI calculation units is handed over to the owners of various AI calculation units, which considerably reduces the workload of maintenance. 

Subgoals: 

1) Shared AI Computing Platform - will address the unbalanced demand between consumers and suppliers of AI devices.

2) AI Physical Computing Units - a large number of GPU computing mining machines can be converted into AI computing units, from simple hash calculation into more meaningful AI task calculation

3) Decentralized AI Applications - requires a corresponding interface for DAI App programmers to invoke conveniently and use the platform’s computing power. It includes the payment API, computing capacity estimation API and work estimation API, etc., in order to speed up the development of AI applications.

4) Integrated IPFS Distributed Storage - IPFS storage system to replace the traditional centralized cloud storage or local file storage, in order to achieve better distributed storage.

5) AI Engineer Training Center - a systematic artificial intelligence training center to provide practical knowledge in the field of artificial intelligence.

 

[Main contribution proposal]: The NBAI ecosystem consists of two major components, the NBAI foundation and the NBAI system. The NBAI foundation supports the development, operation, and management of blockchain development platforms, AI joint labs, and engineer training centers. NBAI system integrates the top-level applications such as DAI App, scientific research and application, university education, and the bottom-level of NBAI blockchain, Artificial Intelligence Mining Machine and Artificial Intelligence Data Center

 

[Innovation]: The first phase of the project will be implemented using an independent ether chain Helix (PoW) after which:  Orion (PoG) - with Proof of Group, Nebula will use consensus systems and NBAI credit mechanisms to ensure efficiency and security.

In PoG, Nebula will use consensus systems and NBAI credit mechanisms to ensure efficiency and security through:

1) Work Node and Ledger - main artificial intelligence computing task execution node; its main role is to perform artificial intelligence computing tasks.

2) Communication Among Groups - the network uses the Byzantine consensus system for joint ledger, which fully guarantee the balance between preventing 51% attacks and ledger efficiency

3) Task Implementation - users submit tasks to solve certain problems, and the users will set the task revenues. Either task comes with a small smart contract system for submitting contracts and calculations. Mining will receive task revenues and ledger revenues at the same time.

3) Cross-Chain Service Usage - components will be decentralized.

4) AI Data Center and Mining Machine -t o guarantee adequate AI power supply before large-scale users join, Nebula will cooperate with large-scale third-party Internet data centers in Quebec. Quebec has a very competitive global electricity bill, a cold climate, abundant resources and 34 data centers.

5) NBAI Optimized Design - which ensures Data Security Encryption; Data will be saved using Homomorphic Encryption

6) Distributed System Optimization - can be speeded up by the equal segmentation of big data processing.

ICO Rating Analysis
Team Evaluation
4.00 / 5.00
Product
4.67 / 5.00
Token Economics
4.00 / 5.00
Business Evaluation
4.00 / 5.00
Hype and media presence
2.00 / 5.00

Analysis

Team - Founders:
Are the founders known? Do they have relevant experience and connections?
4
  • 1. Unknown people. No serious background information available.
  • 2. Partial information available, no relevant experience.
  • 3. Background information available, no relevant experience.
  • 4. Solid, relevant background and connections available.
  • 5. Solid, well known, experienced and well connected founders.
Team - Advisors:
What level of commitment, experience and connections do the advisers bring?
4
  • 1. No reputable advisors with relevant experience.
  • 2. Few advisors with little to no relevant experience.
  • 3. Advisers with relevant experience.
  • 4. Reputable advisors with relevant experience and connections.
  • 5. High profile highly experienced, well connected and committed advisors.
Product - Technology Layer:
Is the product innovative? Does it contribute to the blockchain ecosystem?
5
  • 1. No, the product is just a clone with no contribution.
  • 2. The product is a dapp with minimal interest and little contribution to the ecosystem.
  • 3. The product is a dapp, exchange or protocol addressing a real problem or need.
  • 4. Innovative product offering a solution to a high interest problem.
  • 5. Innovative protocol tackling critical problems of highest interest.
Product - Proof of concept:
Is the proof of concept comprehensive? Does it address a real problem or need?
5
  • 1. No, incoherent concept or no need for it.
  • 2. Difficult concept to understand, hardly any need or problem to solve.
  • 3. Clear concept which addresses a real problem.
  • 4. Clear, well thought concept which addresses a real problem of high interest.
  • 5. Exceptional proof of concept addressing a critical problem.
Product - MVP:
Has the concept been tested? Is there an MVP? How far is the launch?
4
  • 1. Untested concept.
  • 2. Initial tests, no MVP.
  • 3. MVP ready, Alpha launch.
  • 4. MVP ready, Beta launch.
  • 5. Fully working initial product.
Token Economics - Token utility:
Does the token have any utility? Is it a core function to the network?
4
  • 1. No, the token has no utility.
  • 2. Token has a limited, unclear utility.
  • 3. The token has some added, but not inherent value.
  • 4. The token is embedded in the network and has inherent value.
  • 5. The token has both inherent and added value and is embedded at the core of the network.
Token Economics - Network effect:
Are strong network effects built into the system? Are incentives aligned to encourage the growth of the network?
4
  • 1. No network effects built in.
  • 2. Minimal network effects, unclear incentives.
  • 3. Network effects and incentives present.
  • 4. Solid network effects with clear incentives due to inherent utility.
  • 5. Strong network effects, aligned incentives and high utility value.
Business Evaluation - Valuation:
Is the valuation reasonable ? Sufficient but not too high for the scope of the project?
3
  • 1. No, the valuation is ludicrous, the project could do with 1/10 of the sum.
  • 2. Valuation is higher than the project would need. Likely a money grab.
  • 3. Valuation is reasonable for the scope of the project.
  • 4. Valuation is modest for the caliber of the project.
  • 5. Valuation is impressively modest relative to the high caliber of the project.
Business Evaluation - Market potential:
What is the market potential? Does the project look like it could penetrate the market and conquer the world?
5
  • 1. No clear market potential.
  • 2. Limited market potential.
  • 3. Reasonable market and growth potential.
  • 4. Solid market and growth potential.
  • 5. Exceptional market and growth potential.
Business Evaluation - Competition:
Does the project have competition? How strong does it look relative to its competition?
3
  • 1. Awful position competing with many strong players.
  • 2. Weak position facing strong competition.
  • 3. Reasonable position facing strong competition.
  • 4. Solid position facing weak competition.
  • 5. Exceptional position, facing almost no competition.
Business Evaluation - Supply sold:
Does the team distribute a reasonable amount of the tokens so as to encourage create strong incentives and network effects?
4
  • 1. Negligible supply, greedy team.
  • 2. Small supply, poor incentives.
  • 3. Modest supply, weak incentives.
  • 4. Reasonable supply, responsible team.
  • 5. Large supply, solid inventive, committed team.
Business Evaluation - Vesting:
Does the team have a sufficient stake to have aligned incentives? Do they have a vesting schedule implemented?
5
  • 1. Large stake, no vesting.
  • 2. Small stakes, no vesting.
  • 3. Modest stakes, no vesting.
  • 4. Reasonable stakes, modest vesting.
  • 5. Solid stake, healthy vesting.
Hype and media presence:
Is the project present on social media and chats? Is there interest for it?
2
  • 1. No presence, negative image.
  • 2. Modest exposure and no interest.
  • 3. Reasonable exposure and modest interest.
  • 4. Solid exposure and high interest.
  • 5. Exceptional exposure, high interest and considerable hype.
Final Score
4.12

Team

Member
Charles Cao
Co-Founder
Qinhui Lin
CTO
Tengke Xiong
AI Architect
Min Liang
AI Research Engineer
Yanyan Li
CFO
Lu Yao
AI Engineer
Tong Pang
Blockchain Developer
Yan Xu
Web Developer
Sidi Shen
UI Designer
Mengyuan Zhang
Information Security
Zan Wang
AI Research Engineer

Advisors

Louis Cleroux
Blockchain Expert
Dr. Zhenhua Lin
AI Advisor
Xun Shi
Blockchain Advisor
Yu Guan
Blockchain Advisor
Bin Zhu
Cloud Computing Advisor
Adam Allouba
Legal Advisor
Douglas Leahey
Business Development Consultant
Jake Barralet
Advisor of Internship MITAC
Liu Yan
Cloud Computing and Distributed System Expert

Updates

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