TraneAi wants to accelerate innovation in the artificial intelligence industry by creating a decentralized network for AI. Here’s our review.
What Is Trane Ai?
TraneAi, found online at Trane.ai, is a blockchain-based platform that aims to revolutionize the AI industry. The company is creating the world’s first decentralized network for AI and machine learning.
The TraneAi ecosystem is powered by the TPAI token. The pre-sale for that token began in early September, with the crowdsale beginning on September 18.
TraneAi is made by an existing AI company called Epic AI. The overall goal of the platform is to create an ecosystem where AI developers can speed up development of their AI products and services. Meanwhile, laymen can use the platform to get TPAI tokens in exchange for “tagging” AI content. TPAI tokens can also be spent on AI products and services – say, like a chatbot.
How Does Trane Ai Work?
TraneAi’s platform revolves around the Transaction Protocol for Artificial Intelligence, or TPAI, including the TAPI token.
It’s an open source protocol that improves the efficiency of AI training. Here’s how the official website explains it:
“TPAI allows for an ecosystem of people who tag, store and model data to exchange the token as they collaborate together to innovate with AI. The utility of the token is based on a market for data services, and it all happens on the Ethereum blockchain. “
Basically, TPAI creates an ecosystem of users who are incentivized to contribute to the AI industry.
In other words, TraneAi is a platform that accelerates the AI training process through a decentralized marketplace. It incentivizes crowds to tag, store, and model data. The marketplace is built on the Ethereum blockchain and uses Ethereum smart contracts.
The ultimate goal of TraneAi is to become “the new standard for AI training and replace the costly and time-consuming approach of using experts.”
Technically speaking, TPAI functions as a layer on top of an “innovative AI system”. That layer uses machine learning to verify proofs and transactions across the network. This sits on top of a proven, decentralized blockchain-based storage network powered by IPFS storage infrastructure.
Here's the process broken down in a step by step way:
- TraneAi is the platform upon which companies and crowds collaborate
- Companies planning to develop AI-powered products supply their data to TraneAi
- TraneAi disseminates that data to the crowd, where it can be labeled using a simple process anyone – regardless of their tech skills – can use
- The protocol for streamlining the training process is called the Transaction Protocol for Artificial Intelligence, or TPAI; it’s an open source platform that allows anyone in the ecosystem to develop on it and contribute to the enhancement of the ecosystem
- An AI agent audits the data sets created by the crowd, then awards tokens (TPAI tokens) to anyone who is deemed to have provided “highly-qualified, useful data”
- TPAI token holders can then spend their tokens on products and services in the AI ecosystem, including custom chatbots
The Trane Ai Token Sale
TraneAi is seeking to raise $50 million through a token crowdsale. The money will be used to develop the ecosystem. The long-term goal is to create a 1 billion item data set by the end of January 2019.
During the initial crowdsale, one TPAI token will be priced at $0.10.
Before the crowdsale, there will be a pre-sale with a 30% bonus (that pre-sale has been taking place since the start of September; the crowdsale begins on September 18).
There is a total supply of one billion TPAI tokens. 50% of those tokens will be distributed during the ICO. 20% are kept in reserve, 25% and kept by the team, and 5% are kept by advisors.
Of that reserve fund, TraneAi plans to unlock those tokens every year. 25% will be unlocked after the first 12 months, 25% more will be unlocked after 24 months, and so on.
Who’s Behind Trane Ai?
TraneAi is a blockchain technology created by an existing artificial intelligence company named Epic AI.
Epic AI is led by co-founders Tomer Dicturel and Ryan Hickman. Dicturel is described as a “finance guy turned tech entrepreneur”, while Hickman is a “Futurist. Investor. Creator of things.”
The company is supported by a team of engineers and specialists. Full team information is available online at Trane.ai. Other Epic AI companies include AI DB, Brane AI, and Optics AI, among others. The company seeks to introduce the benefits of artificial intelligence technology to multiple industries.
Trane Ai Conclusion
TraneAi is a blockchain-based platform that aims to change the way we create artificial intelligence content. The platform, created by an existing AI company called Epic AI, incentivizes the crowd to support AI development. Anyone – including those with no knowledge of AI and limited computer skills – can use the platform to tag AI content, then earn TPAI tokens in reward.
Meanwhile, AI developers can use the network to engage with a large community of users and speed up the development of their AI products and services.
You can learn more about TraneAi and their upcoming crowdsale by visiting the company online at Trane.ai.