ZUG, SWITZERLAND / ACCESSWIRE / August 26, 2021 / A new and revolutionary infrastructure with AI cloud computing and distributed storage, SP4C3, is launched. The goal of this new software is to expand Ethereum ecosystem and support both financial and non-financial applications.
The idea has originated from the fact that currently, there is a high demand for a storage supply that can solve application needs together with AI cloud computing. This happened due to the fact, that nowadays, a large number of resources and computing power are being wasted when blindly pursuing the price of the computing power in the secondary market, as well as, frantically competing for the reserve of hardware equipment.
These issues make building financial and non-financial applications like decentralized social media, person identification and authentication, public safety much more difficult. The members of the Ethereum Network are in the need of a solution.
‘From the COVID-19 global outbreak to today, the pandemic has changed the way many companies and organizations do business. Many employees still do their work from home and a lot of businesses have gradually changed from offline to online. People already used to solve various things through the network, it changed the way we live. In the near future, we will see more blockchain projects that combine AI projects such as SP4C3. It will also enable users to use advanced blockchain technology at a lower cost and help more blockchain AI-related projects find more reliable ways to land quickly.” – says Eimantas Tomkevicius, the CEO of SP4C3.
Mr Tomkevicius points out that SP4C3 is using Ethereum as the underlying information data transmission protocol and combines the hardware cluster of distributed storage with AI cloud computing power. This allows to deploy different algorithms according to different application types and to form algorithm libraries to support different industry needs.
A great example of how SP4C3 can be used is specific financial authorisations and authentications. In pre-pandemic times many financial institution employees were unable to perform some of the special authorizations from their home workplace. They had to obtain customer information and data through PC or mobile device video collection, and customers had to complete the process with their own mobile banking application which wasn’t possible and secure to do from home. With AI algorithms this can be solved by collecting full video data analysis, including face and voiceprint recognition, intelligent dialogue system and others. Then, this data is checked and cross-referenced.
“All of this requires a lot of data storage and AI cloud computing power to process highly encrypted data. We, at SP4C3, are providing a private cloud solution in the distributed storage of the financial system,” says Eimantas Tomkevicius.
Another example of SP4C3 application is the facial recognition systems in airports combined with behavioural algorithms to solve the primary problem of anti-terrorism activities or “Child Alert” and “Amber Alert” missing person systems.
Currently, the number of cameras in the world is increasing every day, yet many countries still use a lot of manpower to process video materials by constantly rewatching them. The combination of AI algorithms and computing power can greatly improve the efficiency of this. Through structured video processing and cloud data information, it can automatically detect, identify and analyze the personal information of specific objects. Corresponding algorithms, when adopted in scientific research projects, greatly reduce the use of supercomputing costs and entry conditions.
“As a result, the collection of the computing power of public and AI clouds, provided by us, can provide storage and AI computing power support for the system, whether it is a node of clustered management and computing power, or a single computing power unit,” states Eimantas Tomkevicius. “This is a very interesting and reliable case. I believe we can see more application scenarios in the future that combine AI cloud service systems, to better drive the development of the global AI industry and related industry applications.”
SP4C3 is a Swiss-based company, specializing in distributed storage and AI cloud computing systems on Ethereum Network.
For further media queries, please contact:
CEO of SP4C3
+41 765 288 034
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