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Press Release

Cortex at CPC Crypto Development Conference – Helping to Make Blockchain-Powered AI Mainstream

About Crypto DevCon 2018

On June 11 & 12, 2018, the CPC, along with Stanford's Distributed Trust Initiative (DTI) and Cryptic Labs, hosted the Crypto Developers Conference (cryptic2018.com). Cortex Labs (www.cortexlabs.ai) was invited to deliver a keynote address at the conference and to serve on two high-level discussion panels that discussed problems, challenges, and innovations in the fields of AI, privacy, decentralization, and blockchain democracy.

Attendees

Cortex's representatives participated in the conference alongside many tech representatives (over 1,000 in all) from other companies such as Google, Facebook, Apple, LinkedIn, Uber, Airbnb, and many more. In addition to speakers from industry, there were many speakers from academia and research as well, One notable example is Professor Whitfield Diffie, winner of the 2015 Turing Award and the inventor of public key cryptography. Professor Diffie serves as Cortex’s academic advisor and has many years' of research under his belt, not to mention numerous publications to his name.


Photo: Cortex’s COO Amy Chen and Professor Diffie

Other notable attendees include professors Jonathan Katz, Victor Shoub, Dawn Song, Ronghui Gu, not to mention technical leaders, business founders, lead developers and C-suite executives from Binance, the Ethereum foundation, NEO, 0x, Nano, Zcash, Andreessen Horowitz, etc.

Keynote addresses and panel discussions

The Cortex team delivered one keynote address and participated in two panel discussions.

The keynote address, which was delivered by Cortex CEO Ziqi Chen, focused on Decentralized AI Autonomous Systems. In his address, Mr. Chen explained how, due to the nature of open source and competitive mechanisms, only the best intelligent agent models will survive and will be used enhance the intelligence level of the blockchain network. He further elaborated how Cortex's ultimate vision is to provide machine learning models on the blockchain which users can use via smart contracts on the Cortex blockchain. His discussion also touched upon one of Cortex's development goals of implementing a machine learning platform that allows users to post tasks on the platform and submit AI DApps.

As for the panel discussions, the first one focused on the democracy of AI. Cortex CEO Ziqi Chen was in attendance and he explained how the Cortex chain can help to engage more people in auditing and monitoring AI. He stressed that Cortex can benefit the development of AI in the future by helping to make AI more balanced and decentralized, leading to a better AI-on-chain ecosystem.


Photo: Cortex’s CEO, Ziqi, introducing Cortex in keynote speech session

The second panel discussion focused on consensus mechanisms and was attended by Cortex CTO Weiyang Wang. In this discussion, Mr. Wang introduced Cortex’s Consensus Mechanism PoW Mining.

At their core, the consensus mechanism and mining approach are designed in such a way to overcome pooling of mining power. This is a difficult task to overcome because of the wide gap between CPU and GPU speeds, but the Cortex solution aims to make spending large amounts of capital on buying specialized mining equipment less advantageous. In other words, it will democratize mining and enable smaller, private entities to participate in the larger Cortex ecosystem more easily. This goal will also be aided by the training of off-chain algorithms that can be used to create a bridge between computing power providers and algorithm providers, thereby allowing for trading and collaboration between participants both big and small in the Cortex ecosystem.


Photo: Cortex’s CTO, Weiyang, in panel discussion

About the project

Cortex is building the next generation of AI apps on the blockchain. Instead of allowing for just smart contracts to be written and executed on a blockchain, Cortex allows people to write advanced AI and machine learning algorithms and allows other users to build those contracts into contracts of their own without having to reinvent the wheel each every time there is a specific functionality that they require.

Applications

The applications of this level of computational technology are limitless. Once an AI library or machine learning algorithm is developed, leveraging it in a new setting or on a new project is as easy as adding that library to your new blockchain project. This can be done for any project, any activity, and any function for which AI and machine learning algorithms are developed.

Problems that are overcome

In this way, Cortex acts as AI on the blockchain and will serve as a decentralized AI autonomous system. Whereas traditional smart contracts face problems in the form of a lack of capacity and a lack of efficiency, Cortex's smart AI contract allows users to write machine-learning programs on the blockchain and submit interactions that are dependent upon other contracts. All of these interactions occur via the Cortex Virtual Machine (CVM) which is fully EVM compatible and has support for inference instructions.

Voting and consensus

Furthermore, by using community votes and general consensus before making decisions regarding which AI algorithm to include, the CVM can ensure that only the best and most accurate machine learning algorithms are used on the Cortex chain. Open source libraries and the efficiency of competition allow Cortex to provide state-of-the-art machine-learning models that users of the platform can leverage to write smart contracts on the Cortex blockchain.

Application and future work

The Cortex blockchain plans to deliver AI DApps for a wide range of industries such as information and financial services, AI assistants, simulations, and more. The ultimate goal of the project is to become a leader in the field of machine learning on the blockchain. For new technologies that may be invented in the future, Cortex Labs will continue to innovate and integrate in key research areas such as data privacy, block size, and TPS improvements.

If blockchain paved the way to trustless, auditable, transparent, decentralized, fair, private, and secure systems, Cortex will pave the way to Blockchain 2.0 in which an added level of autonomous decision-making, efficient AI and machine learning algorithms, and customized smart contract solutions are seamlessly integrated across users, that too in a democratic, fair, and competitive way. Blockchain has been around for years, but the future is happening now.

Media Contact
Company Name: Cortex Labs Pte Ltd.
Contact Person: Amy Chen
Email: Send Email
Phone: +13472242718
Country: Singapore
Website: http://cortexlabs.ai/



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