Topic: [2015-10-28] Russian Developers Create a Platform for Management of DAC (Read 247 times)

Bitfork Develop developers have presented their new Ethereum-based project dubbed AIRA DAO. AIRA manages a decentralized autonomous company by adding agents, creating contracts and values, and, generally, automatizing business processes of a company.
The platform employs Ethereum-based cryptotechnologies, which allows creating any values within DAO: it could be coins (like bitcoin) or digital property tokens with extended description of any object all the way to IoT.

AIRA developers pay much attention to the future of artificial intelligence (AI). According to the project’s manifesto, AI also should be a decentralized network of machines, which allows reducing maintenance costs and mitigate risks related to centralized systems.
According to the developers, the platform introduces an important amendment to a usual cryptocurrency platform: a decentralized environment of n-dimensional blockchain (a sidechain). Sidechains allow one to avoid inflating the basic blockchain and storing data that have lost their value or applicability. Thus, if an AIRA-based project loses support, it will exist as long as it remains interesting for at least one person in the world.
The model implies storage of blockchain on a hard drive as long as it is necessary. The issue of information value is automatically covered. Say, someone compiles a collection of 1960’s British poetry – the project will be available for users of the network as long as someone is interested in British literature of the sixties.

There are four fundamental essences within AIRA environment:
1. values;
2. smart contracts;
3. rules;
4. taught machine specimens.

Read more