Bytom: Rise of China With Ambition On Blockchain + AI

Bytom recently debuted in Seoul. In the era of the Internet, the Internet giants are changing the world at an incredible rate. Just as apple reshapes its phones, Google beats Lee and Tesla redefines the car. Technology is reshaping the economy, daily life and the world.

The Internet has upended the world, and the emergence of blockchain is to subvert the Internet. "Blockchain + Artificial Intelligence" can be seen as the "Second Revolution" of blockchain. The introduction of Artificial Intelligence to Blockchain is imperative. Artificial Intelligence solves machine learning and blockchain solves trust and coordination between machines.

Bytom founder, Duan Xinxing, commented on the relationship between blockchain and Artificial Intelligence at the just-concluded Bytom Meetup event in Seoul, South Korea.

Bytom has redesigned the PoW consensus mechanism, which is different from Bitcoin, and introduced Matrix mechanism, so that Artificial Intelligence can make full use of Bytom's mining equipment. In this process, Artificial Intelligence has added new hardware, and its algorithm speed has been greatly improved.

At the same time, Bytom can reduce the waste of resources. In this case, the huge economic benefits of the mining market can greatly accelerate the development of Artificial Intelligence ASIC chip and accelerate the research of Artificial Intelligence.

In turn, the rapid development of Artificial Intelligence has produced more demand for ASIC miners. Therefore, it is a positive feedback process of benign development.

It is expected that the size of China's Artificial Intelligence market will reach 100 billion by 2018. By analogy to cloud computing, cloud computing is the infrastructure for cloud computing, and 30 percent of Intel's server business is provided to cloud computing. In the asia-pacific region alone, server sales grew 9.7 percent.

Just as the rapid development of Cloud Computing promotes the server market, it can be expected that the market size of ASIC chip market will reach tens of billions when the market size of AI hit 100 billion. Also, Bytom's AI-friendly PoW algorithm for the Artificial Intelligence ASIC chip is going to make good use of the mines that have been abandoned or eliminated. It is an enormous advance in the field to help environmental protection and reuse the resource for the benefit of the development of Artificial Intelligence.

On this event, Bytom, as the first Chinese blockchain technology development team that has introduced the Artificial Intelligence-friendly algorithm in the field, debuted with the world's largest blockchain and Artificial Intelligence hardware manufacturer Bitmain in South Korea. Two leaders in the area of blockchain and Artificial Intelligence will lead industry innovations and reshape the whole industry pattern.