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#FinTech All projects

NeuroChain: Designed to carry collective AI applications

NeuroChain integrates machine learning and AI to drastically improve the performance and capabilities of distributed systems

stage Ended crowdsale

Team

15
man Frédéric Goujon

CEO

- More than 20 years of experience in distributed and high availability application architectures.
- Data specialist, he knows everything about traditional databases as well as Big Data databases.
. Passionate about innovation, change and technology, digitization is Frederic's Leitmotiv.
- He has started several technology companies, and sold a couple. Successful entrepreneur, he has been leading companies and teams for more than 15 years.
- Author of a book on the Blockchain with Billal Chouli (Les Blockchains - De la théorie à la pratique, de l'idée à l'implémentation – Editions ENI, 11 janvier 2017).

man Dr. Billal Chouli

CTO

- PhD in nuclear and particle physics from the Commissariat à l' Energie Atomique (CEA) and the Massachusetts Institute of Technology (MIT), and with the Join European Tokamak (JET) in Oxford.
- Highly skilled in Modeling (R, Matlab, C++ and
C#), Probability and Applied Statistics, Stochastic Mathematics (Stimulation of systems and analysis of their behavior) and Machine Learning.
- In charge of a R&D team (PhDs and engineers) in Machine Learning and quantitative finance, to carry out fundamental
research and achieve innovation projects based on Statistical Learning (advice, Big Data architecture and algorithm deployment).
- Author of a book on Blockchain technology with Frédéric Goujon.

man Dr. Maxim Irshkin

Scientific Manager

Project Manager at Nuclear Cluster at Skolkovo Foundation, Maxim has defended his PhD in nuclear
physics at CEA (France).

man Maurizio Cacace

Technical Specialist

Design Engineer Presso at Hyundai Motorsport GmbH. Maurizio is passionate about new technologies and blockchain.

man Dr. Talib Dbouk

Technical Specialist

Associate professor at IMT Lille (France), Talib is a specialist in fluid mechanics and topology optimization. He is also passionate by blockchain technology

Bruno Delahaye

CMO - Founding Partner

Rogier Van Der Wal

Sales Advisor

Dr. Patrice Guichard

Security Advisor

Guillaume Bailly

CFO


Advisors

3
man Dr. John Rice

Scientific advisor

Dr. of plasma physics at Massachusetts Institute of Technology (MIT).

man Pascal Lauffer

Scientific Advisor

Pascal is an entrepreneur and Technology enthusiast. CEO FIMAT – Blockchain Financing.

man Renaud Roquebert

Founders Advisor – Blockchain Legal & Tax – Global Strategy

Founder & Managing Partner at LightHouse LHLF, a Law Firm based in Paris, France, Renaud is an entrepreneur lawyer who has advised tech start-ups for more than 23 years.


Press




Crowdsale details

Distribution of tokens
  • Elected Bots (70%)
  • Founding Team & Advisors (10%)
  • Investors (15%)
  • Foundation (3%)
  • Seed Funds (2%)
Budget allocation
  • Technical Resources (55%)
  • Bussiness Development (4%)
  • Marketing (5%)
  • External Resources (29%)
  • HR, Legal/ Finance/GA (7%)
Details Indicators
Token Symbol NCC
Full Token Name Neurochain token
Pre-crowdsale Start March 19th, 00:00 GMT+03:00
Pre-crowdsale End March 25th, 00:00 GMT+03:00
Crowdsale Start March 26th, 00:00 GMT+03:00
Crowdsale End Hard cap is reached or April 15th, 00:00 GMT+03:00
Crowdsale Hard Cap Fixed, 30000000 €
Token type utility token
Domain registration date 2017-10-24
Domain owner Frederic GOUJON

Cost of the token

1 token for 0.1 Euro

Price without discounts

Accepted currency

  • Bitcoin
  • Ethereum


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FAQ

PROJECT VISION

What is NeuroChain?

The project is new distributed ecosystem for Machine Learning and AI, based on new consensus Algorithm; It’s an augmented Blockchain technology. It provides a decentralized artificial intelligence (AI) and machine learning (ML) mechanism for any real life and business purpose. The validation mechanism is based on Bots (robots animated by AI algorithms) installed on a decentralized network. They are elected on a scientific protocol called Proof of Involvement and Integrity (PII) so as to validate transactions on NeuroChain network.

Who is the team behind NeuroChain?

The project is a complex initiative composed of scientists, technicians, business and lawyers experts. Fundamentally, the kernel is composed of two people:

Billal CHOULI: a Ph.D. in Nuclear Fusion physics who strive at applying his knowledge on uncharted fields. Billal is the author of the Blockchains, a reference book on blockchain in France.
Frederic GOUJON: an entrepreneur, expert in IT architecture with strong knowledge how to run a business and an IT project. He is also an expert on blockchain and the co-author of Blockchains.
The team is then composed of a well-balanced group of professionals both in skills and characters. Their key characteristics:
Expert in decentralized technologies and Ethereum
Expert in Machine Learning and AI
Experts in Big Data and parallel programming
Expert in IT security
Expert in systems administration
Experts in communication and business partnership
Experts in law

What are the key differences between NeuroChain and Ethereum?

Ethereum is a blockchain where Turing completeness was introduced (Smart contracts). NeuroChain is a blockchain project where Artificial Intelligence was introduced and play a central role (collective artificial intelligence). In other words, except the ledger, inspired from Bitcoin everything else is different:

A new protocol which greatly improved speed and number of transactions, while reducing dramatically energy requirements (Proof of Involvement and Integrity)
A new set of communication protocols
A real ‘Intelligent’ application systems thanks to automatic learning algorithms (in opposition to simple smart contracts)
An ecosystem of Collective Artificial Intelligence
A better use of infrastructure : all is based on CPU
An ecosystem rather than a flock of standalone programs

What is the role of Bots in NeuroChain?

Bots have at least two roles:

Validate a transaction if elected
Improve the ecosystem thanks to its specialization in the algorithm that he runs
Allow other Bots to communicate with each other
Learn from each other
Elaborate an ecosystem of Collective Artificial Intelligence

Why do Bots need to be elected and what is that process to do so?

The election process is simple. Periodically:

They start looking at the ledger and compute the Proof of Involvement and Integrity algorithm (to reach the consensus) of each Bot on the network. This is a score that measures the activity in the network, and the power of this activity, also known as entropy and enthalpy.
The top scored Bots are elected among an arbitrary number of 577 Bots (which evolve according to the network).
They receive the transaction of the community of other Bots.
The elected Bots create Blocks and validate them.
The elected Bot receives a given amount of NCCs, to compensate for the validation work.
The elected Bots send the validated Blocks to the other Bots.
A block received is always controlled: was the Bot who sent the Block was able to validate or not. If so, make a copy of it in your local ledger.

Who will operate these Bots and what are the requirements and incentives to do so?

Anyone can operate a simple Bot. It must at least be installed and connected to the network. The best performers are more likely to be elected as validators. Hence, the network quality, speed and power of the Bot are all incentivized in exchange of NCC (NeuroChain Clausius) forging. It can be installed on a VM, a container or anything alike.

Can the Bot operators alter bot behavior?

Yes, it can. If doing so, their PII score will be altered. If the alteration is positive (e.g., better speed), its PII score will increase, hence the probability to forge NCC. If altering negatively, the probability of being elected shrinks significantly. A bot counterfeiting a program is highly unlikely, thanks to the Proof of Workflow. A program was validated as not behaving as a malware.

What are the elected bots using NeuroChain tokens for?

They can be used, by selling them, as a mean to pay for the operations. It can be used otherwise on other programs or Bots to process a given computation. And they use them to operate the Intelligent applications.

What are some practical use cases for NeuroChain?

Some easy to identify use cases are:

Cross companies data exchange, while hiding part of the knowledge (e.g., insurance contract transfer between companies that significantly lower mailing and legal costs, while hiding the people who won the new contract)
Traceability of goods
Validation of information (e. g., the customer is telling the truth)
Anything that required Artificial Intelligence of Machine Learning (e.g., genomic distribution, plane delays, expected market share, future most required product for a given client group, etc.)
Autonomous cars algorithm transfer
Autonomous car processed data transfer
Automatic contract execution (insurance payments)
Property transfer (shares, micro-bonds)
Regulated professions
IoT
Data banks

What are the key dates on the NeuroChain roadmap?

Some easy to identify use cases are:

2010:First concerns and enlightens on blockchain technologies
2016:First book on Blockchain and angular stones of NeuroChain
june2017:Preparing NeuroChain ICO
October 2016 and 2017:Presentation of the concept at Paris Microsoft event
March 2018:ICO Launch
March 2018:Start of Protocol development
January 2019:First launch of test net
March 2019:First launch of main net
March 2019:First business applications available
September 2019:Release of the meta language based on C++

Can you please elaborate more on how your system calculates transaction fees, both the internal and external factors?

The transaction fees are calculated based on the number of transactions in the pool, the performance of the validation process and integration in the network. At the beginning the fees are very low, (it’s just a security against attacks such as D-DOS), and if necessary the fees will increase and will be estimated according to the transaction itself and also according to the global transactions exchanged in the network. But still very low!

The main goal of NeuroChain’s block size and fees is to prevent direct attacks in the network such as denial of service attacks" what does this mean. How do fees prevent this?

To prevent attacks such as D-DOS the distributed system has to provide limits in the transactions such as a determined size of the blocks and the fees for the transactions. This is to face the flooding from attackers and preserve the integrity of the network. Other strategies to prevent D-Dos will be provided in NeuroChain

Have you tested what the actual costs of fees would be in most scenarios?

Yes, we have an idea on the floor and its evolution during NeuroChain operation. It’s a subtle equilibrium between the integrity of the system and the integrity of its operation. The fee is very low.

Do you have a method for users to speed up transaction confirmations by increasing fees? (similiar to Ethereum’s gas/gwei method? )

Actually, we don’t need to speed up the transaction confirmation, because the system is really performant. However, we are working on transaction validation optimizations. As already mentioned, the selection and election process are very performant.

What is the NeuroChain performance in terms of transactions per second?

We had some discussions on TPS. It is a tricky subject because every blockhain has its own criteria. What is TPS ? transactions added to the ledger? transactions created? transactions validated? The global average speed of internet is 6Mb per second, less than 1MB. If you want ot create a worldwide blockchain with a real distributed system, this technical limit is the first you will reach. Computing transaction is not difficult. If you want to validate a deep calculation on a mathemaical subject, it could be more tricky. And then, the next question is : is there an interest in the real time validation of a transaction ? This technical limit is the same for all the blockchains. So the difference is in the time to process informations. To give you a number, we have tested our consensus (calculation of entropy, entalpy and integrity) and the result is that a medium power laptop can process 60,000,000 transactions within a minute. The performance measurements have to be, always, made in the context of the whole consensus operation. Just to give you some benchmarks, for Visa system, they actually expect 65. 000 tx/s in theory. .
https://usa.visa.com/dam/VCOM/global/about-visa/documents/visa-facts-figures-jan-2017.pdf
Another metric we have to consider is the volume of transaction in a block. In NeuroChain, this parameter is adjustable depending on the sytem evolution. the Block-size is an important parameter for the network operation and for its security Machine Learning will continously improve velocity of NeuroChain.

Quantum Hacking?

Actually no one is ready to face quantum computing. The concerned institutions in the world preconize to upgrade the cryptography standards (despite that the quantum computing is not a real middle term threat).
However, at NeuroChain the architecture of the bots can support upgrades concerning the cryptography. Also, as mentioned, cryptography is an active area of research at NeuroChain. For example, we are actually exploring PoSSo problems for multivariate cryptography.

ICO METRICS

What are the key dates for the ICO?

February 18th, 2018, 00:00:00 UTC Start of private sales
March 12th, 2018, 23:59:59 UTC End of private sales
March 19th, 2018, 00:00:00 UTC Start of public sales (discount sales)
March 26th, 2018, 00:00:00 UTC Start of public sales (attractive sales)
April 9th, 2018, 00:00:00 UTC Start of public sales (haste sales)
April 15th, 2018, 23:59:59 UTC End of ICO

You have a very long roadmap, (a 5 year plan). You will not have V1 NeuroChain ready until 2019, why are you doing an ICO now, When a fully functioning product will not be ready for another year ? Is it not best for investors to contribute close to when

Actually we have an MVP, (minimum valuable product) to test our concepts and theories and also the performances. It’s our scientific approach, before starting production, we first test the theories (we are in opposition of all other projects where testing phase doesn’t exist, or nothing exists). The ICO is to leverage the community and money around the project to build our consolidated blockchain and our ecosystem. I think this approach is safer for the investors because the message is the following: be part of our community and support our tested project to provide an ecosystem of collective artificial intelligence. Again our project is not only a blockchain but a distributed ecosystem. Don’t forget that there is a difference between MVP and getting in production.

V1: The new Blockchain infrastructure based on Proof of involvement and integrity. The time estimation is about 9 months after the ICO consolidation.
V2: Integration of Proof of Workflow allowing intelligent applications based on Machine Learning. This functionality is expected 15 months after the ICO consolidation.
V3:The third phase, 2 years after the ICO consolidation, is the integration of intelligence sharing property by the Bots and initiation of collective artificial intelligence.
V4:Five years after the ICO consolidation, a self-consistent distributed system will be achieved where the Bots experience a form of autonomy.

TOKENS

What is an NCC Token (NeuroChain Clausius)?

NeuroChain is a new blockchain and the NCC is the cryptocurrency circulation in system.

On what exchanges will NCC be traded?

Discussions are ongoing with different exchanges; we are targeting the best exchanges for NCC tokens.

What is the point of the NCC Token?

NCC is a new cryptocurrency based on new blockchain, it has all the characteristics of cryptocurrencies.

How does NeuroChain make a profit?

NeuroChain as a new blockchain, the value will be created in the system as remuneration for block validations. Also, NeuroChain will support all business applications based on Machine Learning and Artificial Intelligence and these applications will create an intrinsic value of the NCC.

What is the total number of NCC?

The total token supply ever (100%) is 4,374,000,000 NCC. The circulating supply after the ICO will be: 395,000,000 NCC.

Can I buy tokens using fiat (USD or another national currency)?

For the Private sale Fiat money is accepted but only EURO, USD is not accepted.

Can I send ETH to the ICO directly from an exchange?

NO.

Is NCC transferable?

Yes.

What will happen with unsold tokens?

There is a reserve to finance the remaining steps of the project since NeuroChain is not only a blockchain but also an ecosystem of distributed Artificial Intelligence.

What risks are involved in the ICO?

All the risks are identified and summarized in the contracts provided by our lawyers.

What’s the development roadmap?

The roadmap is available on our website.

What is the hard cap of the NeuroChain project?

The hard cap for the ICO is EUR 30M.

What will happen to the unsold tokens?

V1: The new Blockchain infrastructure based on Proof of involvement and integrity. The time estimation is about 9 months after the ICO consolidation.
V2:Integration of Proof of Workflow allowing intelligent applications based on Machine Learning. This functionality is expected 15 months after the ICO consolidation.
V3: The third phase, 2 years after the ICO consolidation, is the integration of intelligence sharing property by the Bots and instauration of collective artificial intelligence.
V4: Five years after the ICO consolidation, self-consistent distributed system will be achieved where the Bots experience a form of autonomous.

Is my data kept confidential?

For the collected data, there is a strict procedure with restrictions to ensure a total confidentiality. The data will not be used for business and communication purposes.

Can tokens be issued on NeuroChain?

No. They are forged by the Bots. The first NCC (tokens) are created by the genesis block however.

Can you please explain more about the 70% of tokens allocated as rewards for elected Bots? The team will create 577 bots to start the ecosystem. As they own these Bots the team will get a huge portion of these rewards, right? As well as the 10% already al

The Bots are not owned by the founding team. They are owned by the final users (you investors, the community and all other persons who want to join the network). It’s like in bitcoin, if you join the network, and you are very performant in mining, you will be rewarded if selected. It’s the same for the Bots except that there is no mining. At the beginning of the network, the first Bots are the investors’ Bots, (these bots are eligible for election and therefore for rewarding), it’s kind of an advantage for the early adoptors and investors.


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