VNX

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

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

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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 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