NeurochainAI: Restructuring the Way Businesses Interact with AI Systems

It’s no secret that since the launch of OpenAI’s LLM a couple of years ago, the term artificial intelligence (AI) has entered mainstream parlance.

With the launch of OpenAI’s LLM a couple of years ago, the term artificial intelligence (AI) has entered mainstream parlance. And it shows no sign of slowing down.

A report by Big 4 consulting giant McKinsey & Co. shows that interest in AI tech domains (such as generative AI) has increased by a staggering 6300%.

This explosive growth is further backed by a surge in investment pouring into this space, with researchers noting a sharp jump from $4 billion in 2019 to a whopping $36 billion last year.

And not only that—AI-related job postings have also increased by an impressive 111% between 2022 and 2023.

So, as AI continues to permeate various facets of our daily lives — from healthcare and finance to education and entertainment — there is a growing need for decentralized AI systems that are trustworthy, unbiased, and secure.

Enter NeurochainAI, a project that has rapidly gained traction thanks to its Decentralized AI as a Service (DAIAS) framework, designed to help restructure the way in which businesses (of any size) and communities around the world can interact with AI systems.

At the heart of NeurochainAI’s innovative approach lies a unique consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS) — aptly named Proof of Work through Staking (PoWtS).

This hybrid model plays a crucial role in ensuring trust and fairness in AI task validation within the platform’s decentralized infrastructure.

From the outside looking in, NeurochainAI’s infrastructure leverages the power of two main layers: the Layer-1 (L1) NCN Chain and the Layer-3 (L3) NCN AI.

To elaborate, the L1 NCN Chain serves as the project’s foundational basis, helping manage and store validation information on mined and burned coins for activities that occur on its L3.

On the other hand, the L3 NCN AI houses all the project’s AI-related features, including its decentralized GPU network, AI model marketplace, and AI dApp store.

However, the magic happens when NeurochainAI’s two nodes, i.e., L1 Neuron Validator Nodes and L3 AI Mining Nodes, interact with one another.

The Neuron Validator Nodes act as lite validators, confirming and batching the work done on the L3 for transaction execution on the L1, whereas the AI Mining Nodes perform the actual AI computations on the L3.

Moreover, it is during these interactions that the aforementioned PoWtS mechanism comes into play.

When an AI Mining Node receives a task, it processes the message and computes the response — similar to cryptographic calculations on a regular PoW blockchain.

This compute acts as a PoW on the NCN AI L3 and must be validated by Neuron Validator Nodes through PoS on NCN Chain L1.

AI Mining Nodes receive rewards for the AI computations performed on the decentralized physical infrastructure network (DePIN), while Neuron Validator Nodes receive rewards for mining new coins to validate these responses and filter out bad actors.

From the outside looking in, NeurochainAI’s PoWtS mechanism prevents malicious activities and ensures accurate attribution of rewards to deserving participants.

By requiring Neuron Validator Nodes to stake tokens, the system creates a financial incentive for them to act honestly.

Any attempt to validate incorrect computations or collude with malicious AI Mining Nodes puts the participant’s stake at risk.

Such a novel design also maximizes the reliability and accuracy of task validation in several ways.

Firstly, validators with a significant stake are more likely to act in the network’s best interest to protect their investment, ensuring a high degree of security.

Similarly, the PoWtS module ensures that rewards are distributed fairly based on the actual work performed and validated.

Lastly, by involving its community in its native validation process, NeurochainAI leverages collective intelligence to maintain high standards of data accuracy and model performance.

NeurochainAI is on the path to creating this fair validation process through launching its Token Generation Event (TGE) last Friday, August 9th, with its $NCN token becoming available.

This token launch will be immediately followed and supported by the introduction of node staking to foster network decentralization with a fair way to grow a validator network.

While NeurochainAI’s approach is unique, it’s worth noting that other projects in the decentralized artificial intelligence (DE-AI) space are also exploring innovative ways to ensure trust and fairness.

For instance, SingularityNET leverages its AGIX token to purchase AI services, participate in network governance, and stake for network consensus.

Fetch.ai employs a Useful Proof-of-Work (UPoW) consensus mechanism and uses its FET token for transactions, accessing machine learning utilities, and staking for network validation.

Finally, BitTensor uses a Proof of Intelligence (PoI) consensus mechanism