With wealth myths, blockchain technology is profoundly changing our understanding of the world. Tokens have created the revolution of trust relationships and decentralized finance has created the revolution of transaction efficiency. Where is the next holy grail of blockchain technology?
Today, the record of fundraising on CoinList is broken by Human Protocol, which may be the clarion call of the collaborative relationship revolution. This cognitive upgrade is not to be missed.
On this track, we have three high-quality protocols at present, all of which are named after Protocol, namely Ocean Protocol, EpiK Protocol and Human Protocol. These three protocols try to optimize the development of the artificial intelligence industry by using blockchain technology to organize human cooperation. We will introduce them one by one.
Ocean Protocol is committed to building a decentralized data trading market. In this market, everyone can publish their own data sets, and each data set will have its own independent data token. To buy this data set, users need to pay using the Ocean token. The system will then automatically resell the Ocean tokens paid by the user as the data token of the data set, and transfer it to the data publisher and the shareholders of the data set. Anyone who holds the token of the data set is a shareholder of the data set and can enjoy the dividends of each transaction.
Ocean Protocol makes the maintenance of each data set community-based and benefit-sharing, with co-constructed data. Moreover, by using blockchain technology, Ocean Protocol reduces the global data transaction cost and creatively optimizes the data collaboration relationship. In order to maximize their own interests, the shareholders of data sets will assist the data publishers to expand the data sets together so that they can sell at a higher price.
Unlike Ocean Protocol, which focuses on data transactions, EpiK Protocol focuses more on data collection and building a decentralized knowledge graph data collaboration platform. With this collaborative platform, people of different roles can participate in it and process human knowledge on different carriers into a data format that AI can understand, that is, the knowledge graph data format proposed by Google in 2012. With this data, AI will be able to enter a new stage of artificial intelligence — cognitive intelligence.
EpiK Protocol turns boring data processing tasks into gamified task applications with Knowledge Mainland where users can answer questions, which reduces the threshold of data processing. Moreover, with blockchain technology, EpiK Protocol reduces the management cost of knowledge graph data annotation around the world as well as the sharing cost of knowledge data by using decentralized storage technology. It is worth mentioning that EpiK Protocol has a huge impact on the Chinese market, and Ocean Protocol has cooperated with EpiK Protocol on Chinese data sets in some fields.
Unlike EpiK Protocol, which focuses on knowledge graph data collection, Human Protocol focuses on general data collection. Human Protocol is committed to building a decentralized human resource market where anyone can publish tasks, which will be distributed in the form of hCaptcha for collection and covers all time zones and all people.
Human Protocol decomposes large tasks into small tasks, and then skillfully distributes small tasks through the CAPTCHA channel. Moreover, with blockchain technology, Human Protocol reduces the cost of global micro-collaboration management. Human Protocol raised a record-breaking $51 million on CoinList and has over 60,000 holding addresses, which shows its influence.
The three projects work toward solving the problem of data collaboration with the help of blockchain technology. EpiK Protocol and Human Protocol focus on data collection and verification, while Ocean Protocol focuses on data transactions. In fact, the cooperation between Ocean Protocol and EpiK Protocol also highlights the upstream and downstream relationship among these three projects. After data collection, verification is first carried out, followed by transactions. On the demand side of data collection and verification, EpiK Protocol and Human Protocol split the task and carry out micro-cooperation in the community. With blockchain technology, both are open to micro-cooperation settlement, which greatly reduces the management cost of data collection and verification. On the side of data transactions, Ocean Protocol has changed the traditional one-time cooperation mode of data transactions, allowing data producers to be community-based and produce data in the way of co-construction and mutual benefit. This is also mentioned in the economic models of EpiK Protocol and Human Protocol, and data contributors can enjoy the continuous benefits brought by data application.
DeFi provides the basis of asset liquidity for the revolution of collaborative relationships and reduces the threshold of collaboration with cryptocurrency. This cutting-edge technology is changing the game.