EpiK Protocol, the world’s first decentralized storage protocol of AI data

The dilemma of the decentralized storage ecosystem

  • A large amount of physical storage is wasted and the ecosystem lacks valuable data. Providing meaningless data is allowed and even incentivized, which leads to the abundant of useless data in the ecosystem. Lacking effective sensitive data review mechanism results in the storage service not being open to customers. Therefore, the ecosystem service provider can only seek expansion in business client base.
  • In the current ecosystem, the business model of providing archive data storage services has not been verified. Although the costs are reduced, the decentralized storage provider still lacks the ability to compete with similar services from centralized Internet giants; performance and credibility need to be examined over time.
  • Before the advent of decentralized storage, there was very little data that we could credibly share based on Ethereum, and the data was expensive. But with such limited data scale, we have developed a thriving DeFi ecosystem around ledger data.
  • After the emergence of decentralized storage, with the help of IPFS technology, we can theoretically have an infinite amount of dependable shared data. Do other data have such tremendous business value? We believe AI data deserves its name.

The dilemma of the AI data ecosystem

  • Rising labor costs: The demand for data is becoming more and more specialized. From recognizing voices and pictures to labeling data from various industries such as healthcare, finance, and education, there is a tighter requirement on the knowledge base of labelers.
  • Rising management costs: Data-labeling companies are unable to enjoy data ownership or share in the future realization benefits of the delivered data. They can only rely on labor to maintain current cash flow, draining the room for appreciation and expansion. With more competition in the industry, most labeling companies fail to operate at full capacity, increasing the window of no work for employees.

EpiK Protocol, the first “AI Data + decentralized Storage” solution in the world

  • Decentralized storage requires a sustainable and efficient data production mechanism, and the huge market for AI data can fill this vacancy.
  • The AI ​​data market needs a platform to run a sharing economy, the powerful data authentication capability of decentralized storage can resolve this problem.

Why EpiK Protocol is more recommended than Filecoin?

  • EpiK Protocol not only has the storage capacities of Filecoin, but also adds a collaborative network for AI data processing. This change allows the EpiK network to generate a constant stream of valid AI data for continued value creation in upper layer applications even when the community is fully autonomous.
  • EpiK Protocol revolutionizes Filecoin’s business model, from selling storage based on a decentralized network to selling AI data in a decentralized manner. The storage market has been saturated since the Internet era, but the demand in the data market is still huge, and the market growth rate is considerable.
  • Ben Goertzel, a famous AI scientist, founder of SigularityNET, and chief scientist of Sophia the robot citizen, is an expert advisor of EpiK Protocol, assisting EpiK to promote the data market in Europe and the US and helping to build a high-quality AI data ecosystem.
  • In addition, the influx of capital from well-known industry institutions: FBG Capital, JACKDAW, 1475, ChainUp Capital, 7 O’clock Capital, etc. has brought decentralized storage of AI data back into the public eye with new momentum.
  • Open Knowledge Foundation: The world’s largest NGO open-source data organization, which cooperates with EpiK Protocol to label global government open data, promote the open data movement, and explore the direction of open data applications.
  • OpenKG: The world’s largest Chinese knowledge graph repository which cooperates with EpiK Protocol to label Chinese mainstream domain knowledge graphs and explore the frontier topics and applications of knowledge graphs together.
  • Tsinghua University: The Big Data Knowledge Team of Tsinghua National Research Center for Information and EpiK collaborated to develop the “Health Chain” to promote trusted data collaboration in the medical field. The “Health Chain” was presented at Tsinghua’s 110th-anniversary celebration as an outstanding research achievement.
  • SingularityNET: The first decentralized AI service network, creator of Sophia, the world’s first robot citizen, and creator of Grace, an intelligent medical robot, cooperates with EpiK Protocol to focus on labeling AI data needed for universal medical robots, including knowledge graphs and facial expression data.
  • Ocean Protocol: The world’s largest decentralized data exchange protocol, working with EpiK Protocol to advance a global decentralized marketplace for AI voice data.
  • iMerit: One of the world’s 50 fastest growing technology companies. It is a data annotation company based in India that works with EpiK Protocol to promote efficient data annotation, improve data annotation efficiency and incentive for data annotation practitioners.
  • OpenSLR: The world’s largest open Chinese speech data community, working with EpiK Protocol to advance the annotation of Chinese speech data and add more subcategories.

How to participate in EpiK

  • The first way is to participate in AI data annotation and become an EPK bounty hunter. Spending about 1 hour per day to participate in data annotation needed for different AI fields. The more tasks you complete, the more EPK you will earn. You can also have a chance to win a knowledge badge NFT by answering questions, with which you can participate in furthur EPK airdrop activities. Now, invite your friends to participate in AI data annotation and get a 30% rebate on Level 1 and 15% on Level 2. For more details, please go to epikg.com and download the APP.
  • The second way is to participate in storing AI data and become an EPK storage node. You can participate in the storage of valid AI data using idle storage devices. The more data you store, the more EPK you will earn. If you have a public IP, you can get an additional bonus for providing data-downloading services. Now, EpiK main-net is going to launch, configure your machines to participate in the early bird stage of mining, and get a satisfying reward. For more details, please visit the wiki for machine configuration tutorials.

Summary

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