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

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

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

VisionX ‐ Industry AI Chain to Ignite Industry 4.0

Building An Industry AI Trading Market Powered by Blockchain

The invention of the steam engine and electricity marked the beginning of the industrial era. The emergence of the internet led to another technological revolution. Today, with the explosive development of computing capabilities and the gathering of big data, artificial intelligence is primed for leapfrog development; ready to usher in a new era of unprecedented industrial revolution. VisionX, the industry smart chain, appears with opportune timing. Boasting tailored solutions for the nuanced requirements of different industries as they prepare for the new era, VisionX will lead the development of a new paradigm powered by blockchain and optimal, customized Artificial Intelligence solutions.

Leading the Path to Industry 4.0

Industrial civilization is fueled by the gathering and applications of big data, and in particular, industry data. We sit atop a gold mine of global industry data whose value has yet to be tapped. According to data from KPMG, by 2020, the global AI market will be worth $4 trillion. Statista forecasts that the value of industry data at the end of 2018 will be $42 billion. For a fitting example of this explosive development, consider the visual inspection industry. China has over 60 million surface inspectors and spends $350 billion every year in this industry. Another example is robotic pick and place, estimated to be worth $47.3 billion by 2020.

The trend of industrial development is rather clear; constantly increasing product quality, on‐demand production and faster delivery time. As a consequence of these demands, labor costs keep rising and reports of human errors are frequently noted. One challenge is the lack of cross‐ industry AI solutions. Using current industry practices, in order to receive AI solutions, companies are required to first provide data. Additionally, it’s difficult for a single company to generate enough valid data to be provided with an AI solution. This is where VisionX comes in.

In the era of Industry 4.0, VisionX combines blockchain with AI to provide industry solutions starting with product surface defects detection and eventually expanding to offer thousands of tailored AI solutions to all manner of industries.

Smart Industry Starts with Vision

Making intelligent machines be able to “see” product surface defects has become a difficult roadblock worldwide. Consider the following examples: small scratches, dents and holes can affect the quality and integrity of steel products; the tiny defects on textiles or zippers may deter customers from making a purchase; the flaws on aeronautical parts or safety belts may have public safety consequences; and surface defects on LED, LCD or solar panels will cause them to operate less efficiently.

VisionX’s goal is to build the world’s largest surface defects detection images recognition database. It has the largest and highest‐quality image dataset that includes more than 130,000 images and over 1 million meta data sets. It uses a Dataonomy algorithm to analyze relevant data with the goal of creating both general purpose and tailored AI solutions. It offers simple and efficient deployment and promises an accuracy rate of more than 95%. VisionX will allow savings of up to 30% as compared to competitors that utilize more traditional methods.

VisionX can be applied to consumer electronics, textiles, furniture, steel, mining, automobile and display industries. In the future, it can be extended to predictive maintenance, robotic pick and place and cross industry exhibition planning.

Dataonomy Smart Algorithms

VisionX has multiple patents, including one for automated AI ‐based surface inspection systems and methods and one for AI ‐based object recognition and manipulation systems and methods. Furthermore, VisionX has a patent pending for Dataonomy, a data classification algorithm which is its core IP.
Dataonomy is a self ‐developed taxonomy algorithm and provides an innovative way to categorize data, discovering the internal relations between large‐scale public data and more specific cross‐ industry defect data.
At the moment, the Dataonomy algorithm has successfully helped with yielding results from visual inspection exercises, including successfully challenging the international industry surface defect inspection image data set (DAGM 2007). Compared to currently employed traditional methods and deep ‐learning methods, it shows a clear advantage in the accuracy of its inspection capabilities.

VisionX Smart Industry Trading Market

No matter how smart an algorithm is, it can never sustain a complete ecosystem, because of the scattered data and high ‐costs for a single company to conduct research, as well as a general lack of necessary data among industries. VisionX’s solution is an ecosystem built on blockchain to incentivize cross‐industry participation. People can offer their datasets and VisionX will verify and test that contribution. VisionX will organize, clean and annotate the data in order to build an Industry X basic dataset and an Industry X basic AI solution, as well as providing customized AI solutions for special clients. Through the collection of data, the accuracy of such solutions can be as high as 99.97%; meanwhile, a decentralized cloud AI computing structure will support large‐ scale cloud deep‐learning network training to provide clients with quick and frequent upgrades and iterations.

Based on the data contribution recorded on the blockchain, users will receive token rewards and a percentage of the profit. VNX token rewards will encourage people to offer data, solutions and services; 15% of the profit from AI solution’s sales will be distributed to data contributors, 65% will be given to solution providers and dataset builders and 20% will go to the VisionX Foundation. VisionX Foundation will use the 20% to buy back and burn VNX tokens, and they will continue to buyback and burn as much as 50% of the tokens in circulation.

VisionX has built a bridge for industries and enterprises to realize cross‐industry collaboration with the goal of creating high‐quality AI solutions and leading the way into Industry 4.0. In the future it will be able to serve thousands of industries and offer millions of AI solutions with a vast and ever‐expanding dataset. Starting at defect detection, VisionX will expand into robot pick and place, predictive maintenance, smart voice interaction, supply chain and much more.

Their potential partners include the world’s top 500 companies, tech giants, steel manufacturers, largescale printing machine providers, image quality inspection in traditional enterprises, automation, robotic device developers and more.