Bitcoin Global News (BGN)
October 15, 2018 -- ADVFN Crypto News -- Just because an ICO
happened a few months ago, does not necessarily mean that it was
highlighted enough by the big players in Crypto and Blockchain
news. Kambria.io is one of those firms that seems to have
experienced this.
To understand Kambria, you need to first understand a bit about
game theory. More specifically, it is important to understand how
the Nash equilibrium can be used to describe the ideal state of
collaboration.
At its heart, the Nash equilibrium is a game theory concept in
which an economic system is at its ideal state of stability,
because none of the participants in the system can gain an
advantage over each other in any way, as long as everyone keeps the
same strategy moving forward.
In a simple sense, imagine an industry in which all of the players
are incentivized to collaborate or else the further success and
development of the industry will be hamstrung.
This, in a way, is what Kambria is trying to do with the Artificial
Intelligence industry, with the Blockchain underpinning its main
system. Because the Blockchain is the foundation of the main
Kambria network, this means that they do have their own Crypto
coin.
As with any Crypto or Blockchain related project, the central
question then becomes: how is this currency used?
As a sub-question, we could then also ask: is it actually meant to
be a currency or a utility token, instead?
First and foremost, judging by the firm’s white paper, it is a
utility token. Kambria’s KAT token is based on the ERC20
standard, which means that for now, its existence is tied to the
Ethereum Blockchain.
Second, it is used for incentivizing and tracking all participant
work on the system.
Related to this, Kambria’s white paper mentions paying users who
deliver what it deems to be “useful and concrete” work.
With all of this in mind, it can be said to be time to move in to
exactly what Kambria is trying to do with its Blockchain platform.
A Hackernoon piece on the subject actually explains this quite well
in relatively non-technical terms.
Kambria’s team saw the problem that the Artificial Intelligence
space does not seem to be developing any truly impactful
consumer
Kambria is a public Blockchain platform that hopes to incentivize
all interested businesses and developers to come together in one
place to create Artificial Intelligence related products that are
truly useful for consumers.
In terms of how they plan to do this, it all comes down to
Kambria’s codebase.
If you are not yet familiar with this term, think about a codebase
is a completed source code for some kind of specific technological
product like a piece of software, an application, or even a
robot.
With Kambria, the definition relates specifically to the third
example as they hope to provide one easy place for AI development
teams to work on the latest interesting projects in the space. What
is perhaps most interesting is that these projects are not really
targeted towards someone with no prior knowledge of AI, at this
time. Even more specifically, their true targets are manufacturers
who have some kind of need related to full robot systems or just
robotic parts.
Because how this actually plays out in a way that keeps users on
the network seems confusing, some further explanation might be
needed.
Kambria is precisely meant to be an AI “innovation
marketplace.”
In total, it includes not only manufacturers, developers, and
the open Kambria codebase, but also what the team calls “backers.”
In short, backers seem to be people who fund the network and
therefore development teams.
The specific interactions between these factions seem to play out
with the manufacturers or businesses asking developers for a
specific kind of AI project, the developers starting and eventually
delivering on that project, and the backers being rewarded as the
value of the network grows.
On a deeper level, anyone who attempts to do anything fraudulent to
disrupt the flow of the network like submitting a fraudulent
project or even a fraudulent request, can be reportedly be banned
and even prosecuted, to ensure that all network participants are
safe and the processes keep flowing.
Still, it would be reasonable to ask: given that people do not
usually stay on a network unless they are incentivized to do so,
how is Kambria incentivizing its participants?
The easy answer is with coin rewards for doing a specific kind of
work on the network, like any Cryptocurrency project. The longer
answer is that the developers are the only ones who are rewarded in
this fashion, because they are the ones actively working on the
codebase, for real businesses. As a secondary form of reward,
Kambria is also hosting hackathons like many other Crypto networks,
with the aim of improving its network by rewarding enterprising AI
and Blockchain development teams in KAT tokens.
The problem with this form of reward is that at this time, it seems
to completely rely on the KAT token having real value. Because it
does not seem to be listed on any other major website where you can
find all Cryptocurrency projects, two major possibilities are
brought to light.
Either Kambria is struggling in its growth in some capacity, or it
is proving the value of its token in another way, like pegging it
to something more established such as Bitcoin or Ethereum. If the
second case were true, then we would be able to call Kambria’s KAT
a Stablecoin.
Since the ICO appears to have launched this summer, as the project
moves forward, it will be interesting to see whether they can
establish any news worthy accomplishments that truly drive users to
their platform.
At this time, it seems that any such activity is being kept close
to the breast.
By: BGN Editorial Staff