Mind.AI: Ushering In the Third Wave of AI

The cutting-edge AI ecosystem based on blockchain is designed to be as transparent and similar to human thinking as possible.

Artificial intelligence (AI) has always fascinated people with the breath-taking possibilities it offers. It is, therefore, hardly surprising that numerous AI projects are currently in development worldwide, including a number of open-source initiatives. Nevertheless, AI still cannot overcome the “black box system” problem although the transparency of machine deep learning algorithms is essential for creating safe AI.

In order to address this issue and democratize the AI ecosystem, the South Korean team behind Mind.AI has introduced a revolutionary solution. Its blockchain-based approach allows for unrivaled transparency across the entire machine thought process and enables users to view each piece of data or rule factored into it.

By choosing this approach, Mind.AI has left behind intense computational procedures that require powerful computers and massive data sets. Instead, the company aims to build a more efficient AI ecosystem that relies on an engine capable of learning on its own and even generalizing knowledge and performing human-like abstract reasoning using natural language.

This is achieved via an innovative AI “reasoning engine” based on Mind.AI’s internationally patented proprietary data structures. Called “canonicals,” they enable the machine to model the three main kinds of human reasoning - induction, deduction, and abduction.

This revolutionary development represents the dawn of the third AI wave, which pushes computers closer to human intelligence. The mind is not a fixed engine constrained by a set of rules - it’s an autonomously evolving tool that constantly learns in real time, contextualizes every bit of information, updates, and expands its knowledge of the world.

Another feature that makes Mind.AI’s infrastructure different from other AI projects is the source of data, and this is closely connected with blockchain technology. Within the framework of this ecosystem, Mind.AI describes itself as a democratized and open-source project. It relies on data coming from open datasets and willing contributors who become joint owners of the database and members of Mind.AI’s global development community.

Importantly, the company offers a global incentive system, rewarding its contributors with OMAI tokens for adding value to the Mind.AI ontology database. The reward distribution system is based on smart contracts, which makes it transparent, fast, and accurate.

The community members also will have voting rights to help upgrade and develop the ecosystem as well as prevent any possible abuse.

Finally, Mind.AI is keen to create a system friendly to other open-source AI projects. Its developers are building it to be interoperable and compatible with projects which have also embraced the idea of democratizing the benefits of AI.

The company has a working MVP and is moving to live-test its application with a number of partners. The team hopes to launch the Mind ecosystem in 2019 and promises to announce the details of a public token sale as soon as possible.

Visit the official website of the project to get more detailed information or subscribe for updates on Twitter and Telegram.

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