Progress Report #11

Marketing & Collaboration

(1) VisionX recently reached multiple General agent agreements with several industrial sectors such as Steel, LED and Solar Panel, and regions such as Jiangsu, Jianxi. VNX will penetrate each Chinese market through the targeted sectors.

(2) The VisionX team was invited to participate in the Sino-US investment summit at University of San Jose, USA. During the meeting, Dr. Gu presented the VNX Industry AI development Platform and AI training platform to investors from both China and the US.

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(3) U.S. Patent and Trademark Office (USPTO) issued NOA for DataonomySM

VisionX received the Notice of Allowance (NOA) from the U.S. Patent and Trademark Office (USPTO), which shows that DataonomySM has survived the opposition period following publication in the Official Gazette.

  1. VisionX received the invitation to compete in the finals of the 2019 International Talent Innovation and Entrepreneurship Projects Competition. The competition is hosted by The China Association for Science and Technology (CAST) and is the largest event for overseas innovation and entrepreneurship. This year, the organizing committee received 452 valid projects from 28 countries around the world. After the preliminary blind review, members of the online video judging panel selected top 70 projects approved by the organizing committee of the competition to enter into the finals. We are proud to say that the VisionX project was invited to participate in the final project defense and awards ceremony held in Harbin on June 27–30, 2019.

  2. Gorgeous Beauty Salon, located in Silicon Valley, is the first salon to accept cryptocurrency. As of May 30th, 2019, the salon started to accept VNX and DBC tokens for its services. The owner shared three key reasons for accepting our currencies:

  • Given Silicon Valley is the world center of AI technology and business, it is paramount for the salon to keep up with innovation and accept AI related coins.

  • In the past three months, the price of VNX has increased more than 10 times. Accepting VisionX as payment will be a good investment long term.

  • Salon service fees are relatively small, so from the business owner’s perspective, it is better for the salon to accept cheaper tokens in comparison to Bitcoin.

VisionX is located in Silicon Valley and as it continues to provide more AI and data solutions, there will be more individuals who earn VNX tokens through community and data contribution. This announcement is exciting news as it introduces an alternative use for VNX, especially as we seek to expand to other commercial and retail outlets.

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Community Development

(1) We have cooperated with Nanjing University Entrepreneurship Club to set up a technical community team: Nanjing Flawless Technology. The team specializes in marketing AI visual inspection solutions and creating a market environment for building AI industrial intelligent manufacturing collaboration platform ecology. The Vision X-based “Flawless Technology” project won second place in the 2019 Columbia University Model Entrepreneur Competition (National Region) among 12 entries and has been promoted to the national competition.


The Columbia Simulator Entrepreneurship Competition is a global simulation entrepreneur competition created by Columbia Ventures’ The Venture For All (VFA) to stimulate ambitions of students around the world and support their pursuit of potential business passion. VisionX not only helps the technological enhancement of “Flawless Technology”, but also promotes VisionX’s visual inspection technology.

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(2) Usage of Twitter for updates and news releases

(3) Putting together the foundations of a marketing team. The team has put together a new Facebook page & Steemit

(4) Working with website Developers to fast track the release of the new VisionX website, making significant headway on the VisionX website

(5) VisionX has created a Reddit account

(6) On May 26, the strategic advisor for the Chinese community: Mr. Nie introduced the commercial value of the VNX project to the Nanjing Blockchain Alliance (BCCN) and discussed the opening ceremony of the VNX community.

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(7) The construction of the Chinese community team began with the university students in Nanjing. The management team is in the process of hiring.

Tech Development

Distributed AI Framework:

  • Based on the comments of reviewers, we enhanced the ICIAR2019 with the generalization of FL framework and additional experiment results and created the camera-ready 12 pages full paper for the publication of Computer Science in Springer.

  • VisionX has completed the first version of a distributed AI framework consisting of Federated learning, Parallelism (Data and Model) and Transfer learning, on the decentralized DBC AI cloud. The special repository in Github has been created for source codes of a distributed AI framework. This has also been uploaded into Github for review. Once finishing the review, VNX will be open to the community for participation.

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Defect Detection (DataonomySM):

  • The technology of defect cause analysis has been developed. There have been only a few research work related to root cause analysis of image defects. This technology can be used to automatically find the cause of systemic defects in product lines. As the basic technology of image analysis, it can also extract and classify image logo and watermarking. The following results show the applications of image watermarking extraction and removal:

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  • In order to accelerate the edge device deployment of Visual inspection, VisionX acquired the latest cross-platform deployment Toolkits: OpenVINO provided by Intel. With OpenVINO, VNX will be able to seamlessly deploy inference models into any type of operating systems with GPU/CPU or other computing devices.

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Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Lowe’s Invites VisionX to Enterprise Strategic Sourcing Program

On May 31st, Lowe’s Home Improvement invited VisionX to their Enterprise Strategic Sourcing Program. The program includes sourcing, which is the purchase of product and services for internal use. Lowe’s reviews agreements as expiration dates approach on their two-three year contacts, incorporating categories such as: information technology, supplies, logistics, energy and utilities.

As a Lowe’s supplier, VisionX will have access to and support the Lowe’s network of manufacturers. VisionX will offer the following services:

  1. AI solution to enable Cross-industry defect dataset & Dataonomy Technology

  2. Generate Base Model & Transfer Learning

  3. Federated Learning which generated the best detection model

The VisionX Profit composition within the Lowe’s Home Improvement Program will target equipment, software and data.

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A) Equipment (Short-term profit)- AI imaging system equipment, warning devices, GPU computing & storage devices

B) Software (Mid-Term Profit)- VisionX- SaaS-Lease, System operation & maintenance, management System

C) Data (Long- Term Profit)- Defect database, product category database, Security database

About Lowe’s Companies, Inc.

Lowe’s Companies, Inc. (Lowe’s), incorporated on August 1, 1952, is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens. The Company also supports the communities that focus on K-12 public education and community improvement projects. The Company serves its customers in the United States, Canada and Mexico.

The Company’s home improvement stores carry a selection of national brand-name merchandise, such as Whirlpool appliances and water heaters, GE, LG and Samsung appliances, Stainmaster carpets, Valspar paints and stains, Pella windows and doors, Sylvania light bulbs, Dewalt power tools, Owens Corning roofing, Johns Manville insulation, James Hardie fiber cement siding, Husqvarna outdoor power equipment and Werner ladders. Its merchandise selection provides the retail and Pro customer a range of national brand-name merchandise needed to complete home improvement, repair, maintenance or construction projects.

The Company sells private brands in various product categories, including Kobalt tools, allen+roth home decor products, Blue Hawk home improvement products, Project Source basic value products, Portfolio lighting products, Garden Treasures lawn and patio products, Utilitech electrical and utility products, Reliabilt doors and windows, Aquasource faucets, sinks and toilets, Harbor Breeze ceiling fans, Top Choice lumber products, and Iris home automation and management products. The Company sources its products from over 7,500 vendors across the world.

The Company offers installation services through independent contractors in a range of its product categories, such as Appliances, Flooring, Kitchens, Lumber and Building Materials, and Millwork. Lowe’s Protection Plans provide customers with product protection that extends coverage previously offered by the manufacturer’s warranty. The Company provides in-warranty and out-of-warranty repair services for appliances, outdoor power equipment, tools, grills, fireplaces and water heaters through its stores or in the home through its Authorized Service Repair Network. The Company operates approximately three contact centers.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Partnership with Top Three GPU Provider in Focus as VisionX’s Proprietary Distributed AI Framework Gains Ground

VisionX recently designed and released a novel distributed AI framework consisting of Federated learning, Parallelism (Data and Model) and Transfer learning, on a decentralized DBC AI cloud. This technological breakthrough in the AI industrial field has been highly recognized from both of academia and industry, as our research paper was accepted by the 2019 International Conference on Image Analysis & Recognition (refer to the the details in the biweekly report).

Our work will be considered as an efficient and scalable AI framework by one of top three GPU providers in the world, as we are working out steps towards a monumental partnership. Distributed AI (DAI) incorporates swarm intelligence to various classes of technologies which address specific markets and problem solve by providing a distributed solution.

According to Global Market Insights, Inc. “The pharmaceutical end-use segment in the AI in manufacturing market accounted for over 8% of the industry share. The companies are using AI technology to improve efficiencies in biotech manufacturing and process development to improve their gross margins.”

According to Global Market Insights, Inc. “The pharmaceutical end-use segment in the AI in manufacturing market accounted for over 8% of the industry share. The companies are using AI technology to improve efficiencies in biotech manufacturing and process development to improve their gross margins.”

Practical applications of DAI include electronic commerce for trading strategies, routing in transport networks, scheduling, electronic power systems and networks in telecommunications. For example, in electronic commerce, the intuitive DAI system acquires knowledge from a large pool of financial data, digests the analysis and produces an output of financial trading rules.

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AI in the manufacturing market is projected to reach $16 BN by 2025 according to a 2019 Global Market Insights, Inc. Report, driven by the swift and ever evolving impact and appropriation of Industry 4.0.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

VisionX Secures Direct Investment & Signs Strategic Partnership with Delshad Development Group

The management of VisionX is proud to announce that we have signed and secured a Direct Investment & Strategic Partnership with Delshad Development Group on May 24th, 2019. Managing Partner, Andrew Delshad, runs a Real Estate Portfolio worth $50 million dollars comprised of both Commercial and Residential properties New York City metro area.

The VisionX Team is allocating 100% of the direct investment towards building out our AI solution algorithm. As part of the partnership agreement, we have agreed to deploy our meta dataset to assist Delshad Development Group in detecting visual abnormalities in the material components (steel, wood and metal) the company is using for construction, as our AI solution is highly useful for Property Management Companies.

This collaboration brings us new opportunities in the fields connecting AI and streamlining Real Estate Development. We look forward to providing our visual inspection solutions to Delshad Development Group.

About Delshad Development Group

Delshad Development Group is a multifaceted construction and investment firm that handles all aspects of Residential and Commercial Real Estate. The group maintains a symbiotic partnership with their sister companies Lorenzo Construction and EFD Management to simplify logistics, improve quality and drive down costs. Delshad Development group has access to individual and institutional private equity, and works closely with financiers who provide debt sourcing in the form of construction loans, bridge loans and mezzanine loans.

Their specialties include:

Construction Management

General Contracting

Commercial Construction

Multi-Unit Construction

Design-Build Services

Commercial Real Estate Acquisition

Facility Management Solutions

Delshad Development Group.png

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Open Letter to the Community

On behalf of VisionX, I am writing an open letter to the community as I vowed to be completely transparent about our process and share exactly what we are doing strategically. Spending my entire career enveloped in the financial realm, I am predominately concerned with the usage and allocation of funding, calculating runway and forecasting revenue projections against our cash burn.

I released the framework of the 4 waves, which has now turned into 5, in a methodical and structured way. The waves have been planned for the last two months with the VisionX Board and a couple members from DeepBrainChain’s management. As you know, today our buy-back and burn program was officially released. It was a significant dollar commitment. To be clear, the majority of our funding is currently absorbed and committed to developing our proprietary AI tech.

This is why the second wave was planned and released in this order. I had previously mentioned the use case for a buy-back on twitter to provide transparency to the community. To further clarify, we never previously mentioned or released a buyback program. We had a burner program listed in our white paper, which will be used in conjunction with our newly instated buy-back to maximize reducing the supply. Let me repeat it here, a buy-back is an extremely powerful tool. Here is the excerpt from Twitter:

“Buying back 30% of the circulation exudes the utmost confidence in our business model.”

“Return on Equity- deploying the buyback is an investment in our company. We believe our cash and the projected returns buying back VNX far outweighs other investment opportunities in conjunction with our tech and revenue sourcing”

Additionally, I shared an image about one of the potential partners we are trying to onboard and form a partnership with: JC Penny. To make it clear to the community, this is only one major partnership that I am trying to solidify, and it’s a relatively new development. I provided one thread of communication to instill trust in the community. I wanted to exemplify a small piece of dialogue exchanged and share the marketing efforts we are making behind the scenes. To make it clear, we are in talks with a multitude of Fortune 500 Companies.

Please let me know if you have any questions. I hope this provides some of the answers our community is looking for.

All my best,

David

VisionX Announces VNX Buy-Back Program

Token Buy-Back Program

  • The management of VisionX has approved a repurchase agreement with the option to buy-back and burn up to 30% of the circulating supply of the VNX token over a 24 month period, effectively immediately. In years 3 and 4, VisionX has the option to buy-back and burn up to 30% of additional coins released into circulation, in accordance with the terms listed in our white paper.

  • The buy-back and burn program has been approved, effectively immediately.

  • This buy-back has no implications impacting our burner program stated in our white paper.

  • All repurchases of VNX token will be performed on Secondary Markets.

  • The buy-back and burn repurchase agreement sets forth the option to remove up to 30% of VNX token from current circulating supply in years 1 & 2, starting May 23rd, 2019 and ending May 22nd, 2021.

  • In years 3 and 4, VisionX has the option to buy-back and burn 30% of any additional VNX token released into circulation, starting May 23rd, 2021 and ending May 22nd, 2023.

  • The decision to purchase VNX on the secondary markets could be accelerated or decelerated at anytime.

To Our Community

As we have seen through various and unwavering market conditions, the price volatility in digital market places are much higher than in traditional asset classes. The buy-back and burn program will inherently support the underlying growth and price stability of our token, VNX. Through the buy-back and burn mechanism, we are increasing the liquidity of VNX token by decreasing the overall supply, yielding lower price volatility.

Since the initial release of VNX token on the secondary market, the price had fallen precipitously from November of 2018 until March of 2019. Even after current prices, we view the market capitalization to be substantially undervalued based on fast-tracking progress we have made through our product pipeline, technology and marketing fronts. As previously stated, this is the second of five strategic announcements that will be released in the short term. The VisionX ecosystem continues to be grounded by the unwavering support and trust from our community. This buy-back cements our firm belief in our company’s vision and the continuity shared with the VisionX family.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Progress Report #10

Marketing & Collaboration

  • As one of the founding members, the VisionX team helped to form the AI and Blockchain Technology Special Committee in Jiangsu Province of China. The committee belongs to Jiangsu Association for Science & Technology Innovation (JASTI), which serves more than 2,000 local companies and research institutes. As president of this committee, Dr. Harry Gu will utilize AI development resources, technologies, and solutions from VNX and DBC to support local companies with product innovation and business transformation.

  • The VisionX team won second place in the China Overseas Talent Innovation and Entrepreneurship Competition among more than 30 teams in the US west coast region. VisionX demonstrated a large and viable potential market, innovative technology/product pipeline, and a solid core team. VisionX was also selected to participate in the final competition in China.

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  • With the request from a system integrating company, VisionX is utilizing its global data collection network to start a large-scale and challenging facial image collection project. In this project, the VNX token will be used to reward the image providers (data miners).

  • VisionX hired David Mass join the team as CFO. David started his career at Fidelity Investments working with high net worth and prime brokerage clients. He has been working in Investment Management since transitioning to Big 4 Accounting. Currently at PricewaterhouseCoopers LLP, he has also been working in Blockchain innovation relating to trade execution, layering in Blockchain technology into the workplace and taking part in accretive cryptocurrency deals. David earned his Bachelor’s Degree from the University of Delaware, double majoring in Accounting and Finance. He will focus on forming strategic partnerships, developing financial synergies, and driving marketing efforts for VisionX.

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  • The paper submitted to ICIAR 2019 was accepted as an oral presentation and will be published by Springer in the Lecture Notes in Computer Science. The novel Federated Learning AI framework was considered an important technology for AI applications in the industry.

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Tech Development

Distributed AI Framework:

  • VNX has designed the first version of a distributed AI framework consisting of Federated learning, Parallelism (Data and Model) and Transfer learning, on a decentralized DBC AI cloud.

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  • The model training algorithms in client and server sides have been developed for Federated Learning (FL) framework, mainly for visual inspection. VNX will release the source codes to the following VNX developer communication in the near future.

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Defect Detection (DataonomySM):

  • Based on End-to-End modeling, VNX has started to develop the third version of Visual Inspection software product (VNX-III). Compared to the prior two, this version will have better accuracy, faster speed, and can easily be integrated into Windows-based systems.

  • With Nvidia TensorRT, VNX has been able to accelerate the deployment process from AI training platforms into real working environments.

  • Supermicro (SMC) invited VisionX as a partner to participate in the Supermicro Innovate event. As the top GPU server provider, SMC introduced standard and advanced GPU edge servers, which will be a good option for high-end client servers.

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Visual Anomaly Inspection:

  • Cooperating with CCTEG, VNX created a product proposal for coal mining users to use in safety monitoring and regulation enforcement. The AI safety solution has the following features:

  • Real-time monitoring and intelligent analysis (AI) of underground workers in illegal operations with helmets, helping to reduce human operation and personnel costs

  • Low-cost RF real-time precise positioning of underground workers

  • Smartphone based automatic image recognition of violations, information push and escalation

  • General coal mine risk pre-control and accident management platform with extension of various intelligent safety detection functions

  • Optimized the accuracy and speed in OCR for product series number recognition.

AI-based prediction and preventive maintenance:

  • Environment Surveillance and Warning, Applied DeepAir: Deep Learning model to the prediction of the gas index and explored association with other features.

  • Smart AI Finance prediction: Acquired S&P 500 historical data up to 2019 and retrained the AI model for S&P 500. Begun to develop live demo system for AI based stock price prediction of S&P 500 index.

  • Bio-health Big Data: Combined Attention Mechanism in Deep Learning with the Multi-Task Deep Neural-Network (MT-DNN); proposed a novel method for multiple labeling task in order to improve individualized breast cancer patient’s treatment plan.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Updates to Strategic Vision and Appointment of CFO

Hi VisionX Community,

I am David Mass, the newly appointed CFO of VisionX. I wanted to take this time to formally introduce myself and share our Strategic Vision going forward. I started my career at Fidelity Investments after graduating with a double major in Accounting & Finance from the University of Delaware. I’ve been in Investment Management for 8 years, supporting the Alternative Investment space including high profile Banks, Hedge Funds and Private Equity Firms. I have also been heavily involved in the robust and ever-evolving Blockchain industry for the past several years.

My role as CFO will be a hybrid of responsibilities, as we have a lot to tackle and high ambitions. We are currently in the midst of a classified search to onboard a highly skilled and experienced advisor to take VisionX mainstream, as the pre-eminent leader of AI Solutions. We have noticed, especially from a macro perspective, that developments in the trade industry and the evolving economy have had a profound impact on the Visual Inspection industry. Trade wars have started to compress margins, as tariffs are now attached to imports and exports globally. Developing our footprint in the inspection industry will help mitigate eroding margins for many manufacturers, which gives us a competitive edge within our space. While ramping up industry awareness, I’ve started a unique campaign to target and foster a relationship with a host of Fortune 500 companies to form partnerships with. I will also focus on driving marketing efforts, creating and evaluating strategic deals or synergies.

The VisionX Team is currently revamping the Roadmap, WhitePaper and website. We are in advanced talks with listing on a consortium of quality, top 10 exchanges by trading volume. Liquidity and availability of the VisionX token will help drive adoption, so we need to make a prudent decision which exchanges we are listed on. As we work through these developments, we ask for patience from the community, as the general process can take awhile to finalize. It is within everyone’s best interest that the VisionX Team take prudent steps to formulate and engineer our strategic pipeline, as it is our Fiduciary Responsibility to make wise decisions for the company.

Your voice is being heard; we have listened to our community amongst our various social media platforms. We believe it is prudent to provide increased awareness and transparency to our investors. I have made it a point to shore up our communication through the company’s social media channels. We will also be featured on Podcasts.

On behalf of the management team, our resolve is stronger than ever as we continue to bolster and grow the foundation of our business. I look forward to upcoming discussions and collaborations with members of the community and the team. Thank you for everyones continued support.

Best Regards,

David Mass, CFO VisionX

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Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Progress Report #9

Marketing & Collaboration

  1. The VisionX team is working to update the VNX white paper and the road map in collaboration. The updated version will enhance the blockchain technology and VNX based token economy.

  2.  VisionX launched the DAPP development team and has begun to design and develop a distributed AI training framework in cooperation with DBC and Asus research team. The innovative AI training framework is primarily based on VNX federated learning framework for visual inspection. VNX will extend to a distributed AI solution framework for general tasks. VNX will also open the source codes to the VNX community and invite users and developers to use and enhance the framework.

Tech Development 

Distributed AI Framework:

  • VNX created a new team to design and develop a novel AI training framework, based on decentralized DBC AI cloud.

  • The initial prototype design has been finished, mainly based on the Federated Learning (FL) framework for visual inspection.

Defect Detection (Dataonomy):

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  • In order to protect raw data of customers (especially for enterprise users) and encourage data contribution, the visual inspection team has successfully developed feature extraction and distributed training technology in the Federated Learning (FL) framework. The useful features from the raw data will be extracted in the client side before contributing to the cloud server. The base models trained from the features can reach the same performance as from raw data.

The above figure shows raw images of the texture defect samples (shown in the 1st column of the plot) and its extracted features from 4 different feature channels of the third convolutional layer of the pre-trained Inception V3 model.

  • VNX has developed the initial version of AI module to integrate into Hubrain’s Hu-Dra visual inspection system and confirmed the detection performance. Hu-Dra is a general-purpose visual inspection system.

  • With the request of the LED light chip vendor, VNX has developed the defect detection AI model with more than 99.9% accuracy and less than 5ms for each detection.

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Visual Anomaly Inspection:

  • With the certified pieces of equipment from CCTEG, VNX issues the first AI solution for safety monitoring and regulation enforcement in coal mining sites.

  • Continued to improve the product auto-sorting system for a medical implant supplier and enhanced multiple object-identifying software via a new AI model.

  • Optimized the accuracy and speed in OCR for product series number recognition.

AI-based prediction and preventive maintenance:

  • Environment surveillance and warning: obtained and cleaned 4 years of gas and gas associated data from more than 100 underground coal mining sites; started to develop the prediction model of the gas index and explore the association with other features.

  • Smart AI finance prediction: developed stock price prediction AI model, which can predict the closing price of the PS500 index with an accuracy of 97%. The AI model is using long and short-term memory (LSTM) of finance timeline and Deep Learning framework, which will provide smart financial investment advice in the near future.

  • Bio-health big data: designed the Multi-Task Deep Neutral-Network (MT-DNN) for multiple labeling task in order to improve individualized breast cancer patient’s treatment plan.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Progress Report #8

Marketing & Collaboration

Based on a newly established data collection network in Japan, VisionX has recently finished AI data collection project, ordered by a global giant in the space of office automation. VNX was able to collect high-quality image samples based on the client’s requirements within a very short time period, demonstrating the efficiency of VNX’s de-centralized data crowdsourcing approach. In the future, the VNX token will be used as a reward for AI data miners and circulated globally.

DeepBrain Chain has signed a partnership agreement with TaoBase. TaoBase is an innovative social network platform that fosters cross-border thinking. Through user scenario requirements, the platform precisely connects enterprises, people, service, and resources. With the goal of helping entrepreneurs and SMBS grow, TaoBase taps into the billion dollar industry of talent, entrepreneurs, and SMB markets by integrating AI-powered international directory with online and offline high-quality product and service resources. TaoBase will use its platform to bring VNX enterprises customers who are seeking AI solutions globally.

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VisionX has entered a partnership with Silicon Valley Innovation and Entrepreneurship Forum (SVIEF) to provide a full-packaged AI training camp. SVIEF is the largest China-US forum in Silicon Valley. VisionX will use AI projects currently being developed by the team to provide hands-on, challenging AI development experience for students.

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VNX is working with an equipment partner that has created the prototype of imaging defects on high-end, commercialized medical implant products.

Defect Image 1

Defect Image 1

Defect Image 2

Defect Image 2

VisionX has partnered with K12 organizations to promote K12 AI education. VisionX will use its AI development platform and resources to design and launch K12 AI summer camp in Silicon Valley. This camp will aim to provide AI training, promote STEM learning among students and promote the DBC and VNX community globally.

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Tech Development 

Defect Detection (Dataonomy):

  • The visual inspection team has successfully deployed the Federated Learning (FL) framework on DBC network and conducted the distributed training task for visual inspection model.

  • The framework can be used in a wide array of AI applications in the future.

  • VNX has started to design and develop the AI module to integrate into Hubrain’s Hu-Dra visual inspection system. Hu-Dra is a general-purpose visual inspection system, consisting of the following hardware and software features:

  • This product has been designed as a multi-functional image inspection system. It offers different combinations of features, which allow for meeting the inspection requirements for various kinds of workpieces.

  • A variety of convenient features such as rotational position tracking and polygonal windows is available to enable flexible inspection settings.

  • All of the professional experience and know-how of a specialized manufacturer for image inspection have been incorporated in this product to ensure that fast and accurate inspections can be made.

  • A monochrome two-dimensional camera can be connected as standard. Multiple cameras including one-dimensional cameras, color cameras, and high-precision cameras can also be connected as additional options.

  • A detected defect can be highlighted with a frame and can also be zoomed in.

  • A number of defect images can be stored in the image log, which allows you to continue the inspection while keeping a defect image displayed on the screen.

  • The Windows operating system ensures easy file management and allows the communication capability to be utilized.

  • The workpiece registration capability allows various kinds of workpieces to be inspected by easily selecting them.

  • After finishing the integration, Hu-Dra will have the AI based defect detection function and VNX can expect to reach the high-volume sale for licensing.

Visual Anomaly Inspection:

  • Continuously prototyping and developing the product auto-sorting system for medical implant supplier, improved multiple object-identifying software via a new AI model.

  • Using the latest Deep Learning model to optimize the accuracy and speed in OCR for product series number recognition.

AI-based preventive detection: 

Based on the client’s needs, the AI prediction team is currently researching the following topics:

  • Environment surveillance and warning: coal, gas outlook prediction- Smart AI finance prediction: using long and short-term memory (LSTM) of finance timeline and Deep Learning framework to provide smart financial investment advice.

  • Bio-health big data: based on data discovery technology to develop individualized breast cancer patient’s treatment plan- ECG heart attack AI diagnosis.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA