ELAMACHAIN project is a comprehensive emotional AI platform based on Hyperledger architecture.
ELAMACHAIN platform integrates blockchain technology and AI services to meet the needs of individual users and businesses in connection with existing ecosystem, including real-time cryptocurrency payment system and crypto-payable installments in retail area.
ELA Coin(ELAMA) sustains Elamachain’s ecosystem by continuously connecting needs of customers, who are rewarded for data contribution to AI system and enjoy various embedded service network with ELAMA, merchants, who can greatly benefit from business promotion and cryptocurrency payments, and business partners who can improve their competiveness via AI solutions provided by ELAMACHAIN platform.
Since ELAMACHAIN platform is based on Hyperledger blockchain, it surpasses existing AI services in numerous areas. Existing blockchain AI projects suffer from slow transaction speed and low data collection rate due to its immobile blockchain structure. ELAMACHAIN platform’s Hyperledger blockchain enables the foundation of building functional blockchain AI from its private blockchain-like property. Modularized structure also provides greater scalability to swiftly adopt newly updated consensus, attach dApp with little effort, and aggresively expand service areas.
ELAMACHAIN platform’s AI system, AI ELA’s competitiveness against exising centralized AI services is obvious. With increasing public attention and regulatory actions, information privacy has risen to be a major concern for heavily centralized database of IT giants. Privacy protection and data security that can be ensured through blockchain network’s distributed storage are clear advantage for an AI in a era of data flood.
Even in its earlier AI maturement, ELAMACHAIN platform is capable of offering attractive ecosystem to parties of interest by being linked to solid “real-world” usage infrastructure. As ELAMACHAIN Foundation is already operating working payment infrastructure in pre-paid card services and POS installments, crypto-payment mainly by means of ELAMA can be easily implemented for daily use. Also, ELAMACHAIN has built strategic partnership with Korean plastic surgery hospitals and duty-free shops, which target Chinese visitors with high purchase power, that can maximize the utility of ELAMA-use environment.
The vision of Elamachain project is to mark AI ELA as another official open-source project of Hyperledger. Elamachain has built, over time, development basis, business connections, and supporting community to fulfill that goal. ELAMACHAIN platform would be a spearhead of devloping open-source AI in Hyperledger project for all individuals and business to freely share and enjoy the ideas and fruits of the project.
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