Chainbase's Chris Feng on constructing an open knowledge layer for AGI

Within the unstable world of cryptocurrencies, on-chain knowledge is king. However harnessing the huge quantity of knowledge generated on numerous blockchains isn’t any small feat. Chainbase, the world's largest omnichain knowledge community, goals to handle and resolve this identical downside.

Based in late 2021, Chainbase is dedicated to making a unified ecosystem for blockchain knowledge utilizing AI to empower builders and initiatives. With greater than 15,000 builders and eight,000 challenge companions already on board, the platform is experiencing fast progress and is backed by main traders together with Tencent Funding Group and Matrix Companions.

We sat down with Chris Feng, Co-Founder and COO of Chainbase, to discover the platform's mission, its progressive mannequin of the crypto world, and the way forward for AI within the crypto house.

1: May you describe the principle mission of Chainbase to construct an omnichain knowledge community and the significance of constructing a mannequin of the crypto world? How do these elements contribute to the broader crypto ecosystem?

Chainbase, which we launched on the finish of 2021, is about unlocking the large worth hidden in on-chain knowledge. We see it as one large, interconnected world community. Our Chainbase knowledge community offers individuals the instruments they should work together and course of this knowledge on chain. In simply two years, we've constructed a thriving group of 15,000 builders, 8,000 challenge companions, and processed almost 500 billion knowledge calls.

Our knowledge community is constructed on 4 key layers:

• Knowledge Availability: An open door for knowledge entry on and off the chain.
• Consensus and Execution: This ensures that knowledge processing is environment friendly and everybody can see what’s going on.
• Handwriting interface: Permits knowledge to work collectively throughout completely different chains, trains AI fashions, and lets you retrieve knowledge in real-time.

We’re additionally engaged on one thing actually thrilling: the Crypto World Mannequin. Consider it as an excellent sensible AI, form of like GPT, however particularly for cryptocurrencies. It takes high-quality knowledge within the chain and turns it into insights you may truly use. They may even plug immediately into sensible contracts, making them a lot smarter and higher at making selections.

I really consider we’re solely scratching the floor of what knowledge can do. It's not nearly having; it's about utilizing it to drive actual progress. Simply as Transformers modified the sport for AI, our cryptoworld mannequin will change the way in which we take into consideration on-chain knowledge. It will occur by itself, one thing you may simply plug into sensible contracts. The Chainbase knowledge community and this mannequin of the world are effectively on their approach to turning into important instruments for everybody within the decentralized world of synthetic intelligence. It's the subsequent large step in how we use knowledge.

2: How does Chainbase successfully combine AI into its knowledge community to achieve significant insights and enhance consumer expertise?

The crypto world is constructed on a mountain of blockchain knowledge that grows each second. It’s loaded with data and hidden alternatives. At Chainbase, we're always drilling down, organizing, and summarizing this knowledge to make it simpler for individuals to grasp. However there's an enormous hurdle: How can we make sense of all this hidden data with the instruments we now have now?

That is the place our Crypto World Mannequin comes into play. We construct it immediately into our knowledge community. It’s designed to take lots of data within the chain and switch it into clear and dependable intelligence. We use superior algorithms and leverage the ability of our group to make sure that knowledge stays personal, strong and clear. Principally, we scale back all this data about cryptocurrencies right into a particular matrix that can be utilized by any Web3 challenge.

Our AI mannequin offers you outcomes you may belief by cryptographic patterns and determining why issues occur. It combines a strong language mannequin with a particular cryptocurrency-focused mannequin. And with one thing known as Retrieval-Augmented Technology (RAG), it connects to real-time knowledge from all chains and AI that reads the web, so that you at all times get the newest and most dependable data. Customers may even construct their very own AI fashions for particular duties utilizing our framework.

We consider that our AI capabilities would be the way forward for on-chain intelligence. We're speaking about clear and trusted data for everybody at Web3. Chainbase is right here to maneuver the crypto world ahead by bringing AI and blockchain collectively.

3: What units Chainbase other than different knowledge platforms within the crypto house?

Chainbase is completely different as a result of we actually deal with the individuals who work with knowledge: scientists, engineers, and purposes that depend on knowledge. We give them the important instruments they should course of knowledge and make it simple for anybody working with AI and knowledge to make use of our platform.

We've additionally constructed our system to work throughout a number of blockchains, permitting you to course of knowledge in versatile methods. We're even working to set requirements for processing cryptographic knowledge to unlock much more worth from it.

4: How do you tackle the problems of accuracy, reliability and availability of information in such a dynamic and sophisticated market?

In a market as quick as cryptocurrencies, making certain that knowledge is correct, dependable and simply accessible is an enormous problem. Right here's how Chainbase addresses these challenges:

• Knowledge Accuracy: We use a two-part consensus mechanism. Eigenlayer retains our processing nodes protected whereas Cosmos CometBFT ensures that the information popping out is appropriate so there isn’t a room for any humorous stuff. We additionally use token rewards to incentivize builders to supply us with top-notch knowledge processing applications and hold bettering them.
• Knowledge reliability: Our knowledge accessibility layer is kind of progressive. It permits us to mix on-chain and off-chain knowledge into one decentralized knowledge lake that anybody can entry. We use fancy applied sciences like zero-knowledge proofs and a particular consensus mannequin to ensure knowledge integrity and trustworthiness.
• Knowledge Availability: Chainbase aggregates knowledge from many various chains so you may entry all the things in a single place. This makes it a lot simpler to seek out and analyze knowledge throughout completely different blockchains. We additionally assist open requirements and supply sturdy APIs, so Chainbase works effectively with different platforms and instruments. And our execution and consensus layers are constructed for velocity, so that you get the information you want shortly, even for real-time purposes.

5: How does Chainbase tailor crypto knowledge to successfully tackle the distinctive question sorts and data necessities of builders?

In massive crypto purposes similar to DeFi, SocialFi, and Gaming, knowledge might be saved, making it tough to question and extract helpful data.

Chainbase solves this with a modular system that grows along with crypto purposes. Builders can decide and select completely different modules to create their very own knowledge processing workflows.

We additionally reward contributors for developing with distinctive question requests and constructing a community-driven data base. By connecting knowledge throughout chains, providing a single entry level, and utilizing a versatile incentive-based mannequin, Chainbase makes it a lot simpler for builders within the crypto world to question and course of knowledge.

6: What’s Chainbase's imaginative and prescient for the long run? How do you see the platform evolving by way of knowledge capabilities, AI integration and market growth?

Our large objective is to change into an open knowledge layer for the age of Synthetic Common Intelligence (AGI). To attain this, we’re specializing in a couple of key issues: making knowledge obtainable on-chain, getting extra individuals within the crypto world to make use of it, and seamlessly integrating AI options.

First, we have to attain a consensus that places knowledge on the focus. High quality, standardized knowledge is vital. We’re working onerous to outline knowledge requirements within the chain and guarantee transparency and trustworthiness of information processing.

Moreover, we wish to speed up the adoption of cryptocurrencies by simplifying the usage of knowledge. Chainbase is about making knowledge worthwhile and accessible to everybody. We do that utilizing standardized schemas, pure language indexing, multidimensional markup and AI integration.

Lastly, the principle objective for us is the combination of synthetic intelligence. Knowledge is the gasoline for highly effective AI. Simply as we've at all times supported the trade with core knowledge instruments, we're now constructing AI options particularly for cryptocurrencies. We develop particular basis fashions and combine them immediately into our knowledge community. It will likely be like a public Wi-Fi for synthetic intelligence, permitting builders, initiatives and customers to simply harness its energy. We wish to remodel on-chain knowledge from mere data into actionable intelligence, connecting AI and blockchain knowledge collectively.