Place/Date: - November 23rd, 2018 at 4:25 pm UTC · 3 min read
Contact: BlockAIp, Source: BlockAIp
A group of independent thinkers working together under the name of BlockAIp declares that they are inventing a new disruptive technology, multi-functional social networking and media platform powered by own blockchain which will work in conjunction with self-taught Artificial Intelligence called Felix.
Will it be old-schoolish or new era of social media websites? We will see. Let’s examine it.
It is a social networking and media platform powered by own blockchain and backed by cryptocurrencies which will function in co-operation with progressive AI.
First of all, it an encrypted messenger with inability for developers to read user messages. Due to high-level privacy and data security users will have an absolute control over their personal information which cannot be shared to third parties (see Facebook’s data breach) or stolen by hackers as a result of blockchain where data is recorded in blocks that are continually updated and kept in sync. This means that only the private keys must be kept safe in order for all of the data on the chain to be secured.
Secondly, the BlockAIp platform will be a true democratic media hub. There will not be an editor deciding what’s fit to print and the decision is made solely by the community. While most social media sites extract this value for the benefit of their shareholders, the BlockAIp platforms will incentivized its users to publish new content by being paid. BlockAIp believes that the users of the platform should receive the benefits and rewards for their attention and the contributions they make to the platform.
Thirdly, the platform will work as a payment gateway with options to store and exchange cryptocurrencies, so that users will be able to pay for various goods and services, exchange money (crypto-fiat and vice versa) and withdraw it to bank accounts or payment cards around the world without limitation. Moreover, BlockAIp will run a fully automatic personal loan service where users can borrow money (fiat) from the platform collateralized with several cryptocurrency assets, without requirement for credit scoring.
And last but not least, despite the fact that the platform is on top of BlockAIp blockchain, incorporation of AI into the platform will not contradict to decentralization nature of the platform for the reason that Felix will not collect or store any information; its algorithm will allow it to work with data while it is still in encrypted state in that cases when a private key-permission for AI was generated by users. Furthermore, the BlockAIp platform is concerned about security, privacy and decentralization. Hence, all private and public keys of other blockchains will be kept in the BlockAIp Blockchain in encrypted state. This means that nobody have any power over users’ data.
In conclusion, with the steady decline of users on social platforms such as Facebook and Twitter, and with most people opting for secure and innovative social media solutions, blockchain-powered platforms are bound for exponential growth. Additionally, Blockchain-based social media offer more than just privacy and security: a cryptocurrency you can use to buy content and pay for other services. Modern cryptocurrencies also merge the benefits of communication and socialization with peer-to-peer commerce and marketing.
The BlockAIp platform is the declaration of virtual independence. Therefore, there is no doubt that BlockAIp will be attractive for all individuals and businesses around the world due to its true democracy, privacy, security and convenience.