HONG KONG, 2018-02-05 09:16 CET (GLOBE NEWSWIRE) --
"We make smart contracts accessible to everybody," Steve Deng, Chief AI
Scientist of MATRIX said in a BlockChain conference in Hong Kong on Jan 16,
just one day before MATRIX announced ICO ended with a complete success of
raising 13,227.5 ETHs.
Officially launched in 2016.09, the BlockChain startup is looking at market
value of 360 millions of USD and aims at rank among the top 100 in global
cryptocurrencies. Investors are obviously attracted and gaining confidence.
When Deng won the 1st prize in the world top AI competition Pascal and COCO
together with his team, the Tsinghua professor might not expect that how
artificial intelligence will shape the future of BlockChain as what he is doing
now. His team focuses on deep learning based Bayesian algorithm and he has been
PI for numerous national level research projects. Now he is in charge of
designing machine learning algorithm for MATRIX.
With a fusion of BlockChain and AI Technology, MATRIX has built a revolutionary
BlockChain 3.0 cryptocurrency solution that brings significantly boosted
transaction speed, enables general users with natural language processing (NLP)
technology, enhances security under intelligent contract, and utilizes mining
activity with universal value.
"BitCoin mining consumes 17% of total global computing power, it is wasteful
for mankind for hash calculation." The MATRIX team apparently keens to
challenge the status quo. The team, including industry leading experts like
Bill Li (Chief Network Architect), Ethan Tian (Chief R&D Engineer), Tim Shi
(Chief Chip Scientist), are inventing a new Bayesian mining system that these
mining activities will support medical diagnoses, complex finance modeling,
behavior recognition and any other non-crypto cases which need massive
computing power.
Owen Tao, CEO of MATRIX, with double degree of physics and economics from
Peking University, mentioned during the same conference, that MATRIX is an open
source ecosystem and there is a clear roadmap ahead. "Infrastructure and
private chain will be ready in 2018.9, mining facility and big data
applications will be ready in 2020.3," he said. "Sectors like
credit/medical/energy/intelligent city/finance will be greatly impacted."
MATRIX ICO Facts:
-- MATRIX ICO ended at 3:07:02, Jan 17 (UTC).
-- A total of 13,227.5 ETHs are sold through 212 transactions.
-- MATRIX-ICO Coin Investor: 3888 transactions
-- MATRIX-ICO User Data: Registered User: 69543; Active User: 60924; KYC
User: 22926
About Matrix
Designed to be the new generation blockchain, MATRIX leverages the latest
Artificial Intelligence (AI) techniques to revolutionize the landscape of
cryptocurrency. MATRIX differentiates itself from previous blockchains by
offering breakthrough technologies in building AI-enabled autonomous and
self-optimizing blockchain networks, which feature multi-chain collaboration
and decoupling of data and control blocks.
Media Contact
MATRIX AI Network
public@MATRIX.space
https://www.MATRIX.space
Reference:
-- Telegram: https://t.me/matrixainetwork
-- Official Website: https://www.matrix.space
-- Email address: public@matrix.space
-- Facebook: https://www.facebook.com/MATRIXAINetworks
-- Follow the project on Twitter: @matrixainetwork
-- Discuss on reddit: MATRIXAINETWORK
-- Interview of Chief AI Scientist Steve Deng
https://www.youtube.com/watch?v=5bPcIgrOdgM&feature=youtu.be&a
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/0a8526a2-a6e1-42dc-a5a7-65cfd
40f0345© 2018 GlobeNewswire
