Providing cost-effective and diversified translation support through a unified database and machine learning

With over 7,100 spoken languages today, translation services continue to grow as demand for multi-language support in various industries can be a critical catalyst for inducing growth. This has led to the rise of several translation platforms such as the popular Google Translate, which provides services for over 100 languages.

Despite the current offerings, there remain some key shortcomings in the translation service sector related to cost, quality, or lack of widespread access and support. In order to tackle these key issues, a company called TranslateMe has turned to blockchain technology to provide an impressive hybrid, decentralized translation platform powered by neural networks and a carefully-crafted translation contributor ecosystem.

Data accumulation for 99.9% accuracy

TranslateMe was originally created as a translation solution service aimed at assisting premium hotels and tourism-related businesses in general. Where TranslateMe differs and expects to become a major presence is through its focus on the relatively untapped gold mine that is data.

They will accomplish this through by funneling all decentralized, collaborative data collection and computing power into a single resource pool for enhanced distribution.

The unique hybrid algorithm that is incorporated into the platform will utilize machine data and through machine learning, this will enable it to provide ultra-accurate translations as it will also be fine-tuned with contributor information from around the world. Real-time translation can be accomplished with the use of a highly efficient neural machine translation as TranslateMe’s neural networks boast a 90% increase in efficiency in regards to correction-related output.

By establishing a data bank through contributors and translators incentivized by the TMN token, this translation army will feed continual feedback and corrections which can be crosschecked by the machine’s existing database for unrivaled accuracy in global language support.

Multiple roles for system maintenance

The primary roles in the TranslateMe network include node users who are the main contributors and master nodes who are responsible for the majority of translations and also serve as GPU mining rigs for enhanced machine learning. Other important functions include micro master nodes which will handle translation tasks on portable devices such as laptops and phones.

A revolutionary proof of translation mining algorithm will ensure equal and fair compensation for all node services. The TMN token will be used to compensate users who contribute translation work, make corrections to the existing machine data, or provide computing resources to the network. Service providers will use TMN to pay for the various translation services that they require.

The low costs in the early-adoption stage will ensure that users begin to endorse the services featured on the platform. Increased usage will enhance the value of the system and the token as the platform’s capabilities evolve through the potent synergy established between machine learning and human contributions.

Expansion based on successful use case

TranslateMe also has an Android MVP app which utilizes the API of popular messaging platform Telegram that is primarily used for blockchain-based projects. This allows users to communicate with people around the globe as the app provides instant translations for 10 languages. Not only that, but app users can also earn TMN for reviewing translated messages and providing feedback.

The company also provides translation services for various documents such as hotel menus. Users can simply utilize a QR code to scan a variety of menus and access them in their preferred language.

Read this article in 5 languages here: http://translateme.market/external/viewdoc/8/en

With the incentivized rewards system as well as subsidizing early on costs for mass early adoption, it’s only a matter of time before TranslateMe starts becoming a familiar brand in various industries such as tourism, education, and business.

Don’t miss out on the chance to fuel in early investments into the very first AI Decentralized Translation service for safe, private, and real-time usage come May 22: https://www.probit.com/en-us/ieo/tmn-round1/0