Company attributes
CiferAI is a developer of a blockchain-based artificial intelligence (AI) development platform. The platform uses decentralized federated learning to allow AI developers and data providers to collaborate in a secure and transparent manner that does not centralize or compromise the data, including methods for deploying, training, and profiting from AI models. CiferAI works to support the development of ethical AI, with the founders—Miranda Son and Dr. Krikamol Muandet—having worked in research in ethical AI since 2017. The company also emphasizes the potential of its platform in the face of GDPR constraints, with the platform's focus on data privacy.
CiferAI's platform offers users a decentralized federated platform for training artificial intelligence with off-chain data. A major part of the platform's technology is the federated learning consensus mechanism, which offers decentralized intelligence, allowing AI models to learn from data sources without centralizing the data and to preserve the privacy of the data. The platform also employs localized training to ensure data privacy to allow for AI training and model improvement without compromising the security of individual or organizational data. Further, the blockchain-based build allows the AI to be scaled through different infrastructures while remaining resilient.
The platform is also underpinned by Byzantine Fault Tolerance (BFT) consensus mechanism, which is used to ensure high levels of security with swift consensus and offer resilience against adversarial attacks. It also offers modular design to simplify integrations and help CiferAI keep the platform abreast of other technological advancements. As well, CiferAI has a commitment to open-source ethos, embracing collective progress, and keeping their codebase open-source to invite developers to contribute. CiferAI launched the platform's testnet for its AI-focused blockchain in November 2023, with the network fortified by a Byzantine-Robust Federated learning mechanism, and to help users develop their AI.
The company's token for its blockchain network, CIF, went through its first token sale to angel investors on December 4, 2023, with the intent to engage in another token sale in 2024 to raise more money. The token is used for ownership of the blockchain network and to help finance the dual development of the blockchain and artificial intelligence. The CIF token is developed to facilitate transactions, incentivize contributions, and enable the paradigm of decentralized and ethical AI operations while giving interested parties a chance to partake in the blockchain.
