eMARKET RELATIONS: Skychain ICO Review

Tuesday, 19 June 2018

Skychain ICO Review

Skychain is basically a blockchain based project that will be used to train Artificial intelligence especially in the field of health care.

Central ideology of the Skychain

Skychain is made to facilitate transaction between owner of health data, AI developers and consumers. AI developers who will join the Skychain, will get the information to train their neural networks without any charges.

Skychain could be a revolutionary idea in the field of AI development and it will be very helpful to the human society also. All the owner of the health data will also lure towards the Skychain because they can monetize their data. This will be a revolutionary step to make the AI more accurate than ever. With the help of Skychain there will be more trained ecosystem and this will improve the quality of Skychain product and increase its value for doctor and patient.

Skychain Tokens

Initially Skychain is giving 30 million tokens for sale. And if there will be any unsold tokens that will be burned by the company. And here is an interesting thing, 20% of the quantity sold will be distributed among the project team and the partners. The share would be 10-10%. The tokens that project team holds will be blocked for 2 years. Which means there is a advantage for the Investors.

Skychain coins

The Skychain network will create their own block chain technology and will be called Skychain Global Coin(SGC). When the project will be launched all the tokens will be converted into coins. The number of coins will be around 5,000,000,000.

And if the celling is reached, Investors and the project team (which have total 36,000,000 tokens in total) each token will become 5,000,000,000/36,000,000= 138.88 SGC coins.

Short-term listing and perspective

The project team of Skychain has stated that they will list the token in April 2018. The important thing here is the actual use of the currency SGC will start from Summer 2019. The long term prospect of SGC clin will depend on the success rate of Skychain product. There will be a time in future where AI will take many of the position in a company. And in health care sector the possibility of AI is large and it can turn into a huge project.

Prototype system

The code of Skychain was recently uploaded to their GitHub account and a video with demonstrating the code. The video shows the complete cycle of the Skychain and the operation of the ecosystem. Which includes all the key parts.

The video also shows how a breast cancer was detected by analysing mammograms.

ICO

The Skychain ICO will be begin from 26 of February in 2018. Potential token buyers will offered a 5% discount until the soft capitalization is achieved. That is $10Million USD.

Skychain is a product that will be using blockchain in a very effective way and will help human society also.

Team

Gennady Popov- Founder

10 years of experience as a programmer. Automation of medical laboratories, automatic recognition of images with MRI and CT for machine detection of pathologies of organs and joints. Automation of hospital medicine and health insurance funds. Large data analysis – case histories of 6 million patients for machine-based calculation of correlations, efficiency of doctors and hospitals. Founder and CEO of WSS-Consulting company – the market leader in the automation of electronic document management in Russia.

Ivan Svistunov- Chief technology officer

Programmer since 2010, an architect of industrial software products in the field of BigData, Highload and cryptography (WSS Docs) using the “private blockchain” technologies (WSS Docs Storage). Since 2016 Ivan is working on machine learning projects and has implemented several projects in this field.

Alexander Kuzmin- Chief operating officer

Scientific projects in the field of artificial intelligence in multi-agent systems and artificial neural networks. Analytical projects in the field of innovative technologies. 2 year experience as an analyst of high-tech projects in the field of nanotechnology and IT. 3 year experience as a project manager in the field of development and implementation of corporate IT systems. Analytical projects in the field of innovative technologies.

Sergey Verbitskiy-Full-stack Developer

List of programming languages and technologies: C#, C++, SQL, Javascript, HTML, HighLoad, Blockchain, DataMinig, DeepLearning, CUDA, Tensorflow, Theano, Caffe. Experience in the field of programming: more than 12 years. Leading architect of WSS Docs – highload Enterprise Content Management system. WSS Docs is implemented in more than 300 companies all over Russia.

REVIEW CONCLUSION

The team sets high goals. IBM estimates that the artificial intelligence market in the healthcare sector could be 200 billion dollars in just a few years. Skychain’s objective is to control more than 70 percent of that market. Skychain seeks to achieve this goal by creating the best open infrastructure that will accumulate the resources of the majority of participants of this industry to surpass any closed corporate product. Skychain SCH is unique. It is different from other similar blockchain projects such as SONM, Golem, or SINGULARITYnet because it focuses on medical neural networks.