• Blockchain AI startup NeurochainAI has launched a platform to drive the technology’s development.
• The platform will create an avenue to build and market AI innovations with blockchain capabilities.

NeurochainAI has officially launched its innovative platform aimed at providing a level playing field in Artificial Intelligence (AI) development globally. Notably, the platform will provide developers with the tools needed to drive the rapid growth of AI technology.

According to Odeta Iseviciute, the protocol’s chief operating officer, the platform has been structured to streamline certain processes. These include the creation, launch, and utilization of AI-powered decentralized applications (dApps) by integrating advanced machine learning with blockchain technology.

NeurochainAI: Enhancing AI Development Efficiency

NeurochainAI, renowned for enhancing scalability, transparency, and data security in AI applications, is hoping to leverage its impressive user base of 82,000 registered users and 48,000 connected wallets. The idea is to reduce the development time of AI dApps, by ensuring high accuracy and improved performance. This is intended to speed up time-to-market by up to 24 times compared to traditional methods.

Given the vast opportunities in the global AI market, valued at $500 billion in 2023 and projected to reach $1.8 trillion by 2030, NeurochainAI is prepared to make the investment that will benefit the broader technological space of developers.

Iseviciute says since the sector is driven by technological advancements and substantial sector investments, NeurochainAI will capitalize on this growth. To achieve this, it will provide a comprehensive AI infrastructure which features the first decentralized consumer-grade GPU DePIN for AI computing.

Additionally, the platform will have community-powered data collection and validation, an optimized AI model marketplace, and interoperability tools for seamless integration into both Web2 and Web3 tech stacks.

According to CEO of NeurochainAI, Julius Serenas, the platform will “equip developers with a suite of tools and resources, anchored by our decentralized AI infrastructure and consumer-grade GPU DePIN, to offer invaluable GPU compute resources in the AI era. This, coupled with other essential tools, streamlines the development of AI solutions.”

Future Prospects and Industry Impact

Tech enthusiasts see the platform as a significant step towards providing inclusive and democratic AI development for the broader community and if well utilized, accelerate AI development. 

The NeurochainAI’s multi-layered approach to decentralized AI-as-a-Service (DAIAS) could also reduce entry barriers and enable developers to build and deploy AI applications more efficiently.

As the world continues to adopt AI solutions, the future will be one where Artificial Intelligence become a necessity in all organizational structures. As reported earlier by Crypto News Flash, Vitalik Buterin, Ethereum co-founder envisions a synergy between artificial intelligence and blockchain technology, where these two forces converge to create innovative and transformative applications.

In order to further promote AI technology, the Asia Blockchain Summit 2024 will aggregate a number of key industry stakeholders in Taiwan, in August. The summit will have no less than 15,000 attendees from across the globe deliberating on the future of blockchain, tech, and AI.