Our vision and mission

Mindsync is an AIaaS (AI-as-a-Service) and ExaaS (Expert-as-a-Service) platform. We seek to help solve business problems of customers through AI-based solutions that are created through rewarding competitions within the community or through choosing from a wide range of production-ready solutions in our repository.

Mindsync is an AIaaS (AI-as-a-Service) and ExaaS (Expert-as-a-Service) platform. We seek to help solve business problems of customers through AI-based solutions that are created through rewarding competitions within the community or through choosing from a wide range of production-ready solutions in our repository.

VMindsync is an AIaaS (AI-as-a-Service) and ExaaS (Expert-as-a-Service) platform. We seek to help solve business problems of customers through AI-based solutions that are created through rewarding competitions within the community or through choosing from a wide range of production-ready solutions in our repository.

The largest share of technology spending in 2019 will go toward services, primarily IT services, as firms seek outside expertise to design and implement their AI projects. Hardware spending will be somewhat larger than software spending in 2019 as firms build out their AI infrastructure, but purchases of AI software and AI software platforms will overtake hardware by the end of the forecast period with software spending seeing a 36.7% CAGR.

The bulk of investments into Cognitive and AI solutions are directed to Software applications and platforms, 50.2% of the US$12 billion in 2017. IDC forecast that this trend will continue into 2022 with Software investments registering a CAGR of 53.7% during the five-year forecast period. This massive expansion represents an enormous potential market for Mindsync which aims to target the software applications and platforms segment of the AI market.

Mindsync project has the potential to capture 15% of this market within five (5) years of operation, which will represent an annual turnover of US$2.77 billion. Such turnover will translate into a massive increase in the demand for the Mindsync (MAI) token which will be the sole medium of transaction on the platform.

No MindsyncAI tokens will be mined (created) after the Token Generation Event (TGE) and therefore no dilution effect/risk. Given the non-minced nature of the coin, increase in the demand for the platform’s service, even if modest, will lead to material increases in the market value of the MAI token.

Competition

The crowdsourced market for Artificial Intelligence and Machine Learning solutions is a quite new market with few market players.

The competition study conducted on this market reveals three (3) companies offering a similar product to that of Mindsync:

1. Kaggle: Kaggle is a data science platform for predictive modeling and analytics competitions. The company was acquired by Google in March 2017 for an undisclosed amount.

Founded: April 2010.

• Location: San Francisco, USA.

• Estimated revenue: US$5.8 million

• Number of Employees: 21

2. Crowdanalytix: CrowdANALYTIX is a crowdsourcing platform that enable businesses to build customized AI-based analytics solutions to automate business processes.

Founded: 2012

• Location: California, USA and Bangalore, India.

• Estimated revenue: US$2.9 million

• Number of employees: 75 In January 2019,

Сrowdanalytix anrowdanalytix announced that it has raised US$40 million investment from Macnica group.

3. Analytics Vidhya: Analytics Vidhya is an online platform that allows users to post business analytics, big data and data visualizations tools related queries.

• Founded: 2014

• Location: Haryana, India

• Estimated revenue: US$1 million

• Number of employees: 10

Mindsync advantages

Mindsync is an all-in-one place to perform machine learning and data science tasks. Key advantages of Mindsync is:

Tokenization and smart-contracts guarantee the fulfillment of obligations by participants.

• Multi-GPU Deep Learning Machine at the lowest price on the market (up to 30x cheaper than Google Cloud).

• Scalability and Uberisation[5]. Unlike competitors, the resources required to fulfill customer orders are taken from the platform community. Mindsync can easily increase production capacity by increasing the platform community by attracting specialists in competitions and new interesting and complex tasks in the AI domain.

• Marketplace for ready-made AI solutions. Ready-made machine learning models and data sets can be sold or rented.

• Platform experts and clients can create competitions with any reward independently without participation of Mindsync staff.

• Data verification and integrity: All the data verified, hashed and stored in blockchain and IPFS

• API : Mindsync AIaaS (AI as a Service) platform allows to run production-ready solutions on itself and make requests to it using RESTful API without deploying it on external servers, i.e. on the customer side. This makes possible to create lightweight and scalable applications using AI technology with theoretically unlimited computing power for any device.

• Mining and resource sharing. Miners or any Mindsync platform member who owns computing resources can provide them to other members for a fee.

• Cheap AutoML

GPU pricing, NVIDIA Tesla P100 for 24 hours

Miner’s revenue per one NVIDIA GeForce GTX 1080Ti*, 24 hours

Miner’s GPU resources are more than 60 times cheaper than Google Cloud. The profitability of GPU mining on the same GPU model has been declining over time due to the growing complexity of the Ethereum network. This significantly reduces the cost of these resources over time, while forcing miners to buy new GPUs. Mindsync will provide cryptocurrency miners with Mindsync mining software that automatically switches between Ethereum mining and machine learning tasks. Miners can benefit from the Mindsync Miner, which will perform machine learning tasks for an increased fee. Performing these tasks will be more profitable for the miner than mining of the main currency more than 5 times (up to 20x).