XAIN: IOTA-founder Dominik Schiener invested in Porsche-Partner

Dominik Schiener, founder of IOTA, invested in XAIN. His investment is to promote the Federated Machine-Learning technology of the company.

By Phillip Horch
24. July 2019BTC$9.883,00 -1.21%part Facebook Twitter LinkedIn xing mail

Xain has developed a decentralized approach for Machine Learning (ML). As the company has teamed up with Porsche, notify, should provide its approach for more privacy, security and efficiency when Training ML models. According to the press release, this approach has convinced the founders of IOTA. So he made a "strategic investment":

We are delighted that we have received his support. With IOTA Dominik has created a remarkable Open-Source Ecosystem. Also for our technology to the Open Source approach is very relevant and that is why we are happy to be able to his Expertise. [...]

the press release goes on to say that it is at Schieners investment "the first big stake in the company [ ... ] that was made in a crypto-currency,". This suggests that Schiener made its investment in IOTA. This Information can be the message however, as well as the amount of the investment open.

XAIN wants regulatory hurdles are lower

Due to their decentralized solution XAIN is hoping for anyway, to overcome regulatory and administrative barriers in the area of Machine learning:

FedML [Federated Machine Learning] is calculated continuously as a global "knowledge-model", which can be integrated in local description the AI-applications or decision-making processes. Different parties can work across the system on the Basis of the AI-models of the [...]. So you no longer need to anonymize the data at a lower level or in a Central database. This simplifies the process of KI-training, without compromising the privacy of the local records.

in other words: A distributed System is the communication between machines easier. In addition, the decentralization provides for facilitating the anonymization of the data.

investment to IOTA-sector

Dominik Schiener drive sees the XAIN technology, however, as a great breakthrough:

With this investment, I see a great opportunity to bring IOTA further in the direction of the market, the DLT and KI-sector to bring more data protection, security, and efficiency, and the DLT - and KI-sector privacy, security, and efficiency.

The IOTA technology is still at the beginning of their development. So you just recently published the Roadmap for the Plan, your most centered Element is to be abolished and to go a step in the direction of decentralisation.

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