Chainbase previously completed a Series A financing round led by Tencent with 15 million US dollars. After carefully reviewing its documentation, there are some analyses worth sharing:
What is Chainbase?
Chainbase is a 'data network' dedicated to integrating all blockchain data. In addition to the regular DA layer, consensus layer, and execution layer, there is also a collaborative processing layer.
The goal of this collaborative processing layer is to create a unified ecosystem that consolidates data from different blockchains (such as Bitcoin, Ethereum, etc.). This way, both developers and ordinary users can easily access, query, and utilize this data.
So what problem did they solve?
Overall, it is still geared towards developers, including blockchain and AI developers.
Currently, blockchain data is very fragmented, and the data formats and acquisition methods of each chain are different. This makes cross-chain data querying or analysis complicated and time-consuming.
Chainbase has created a concept called 'manuscript'. The manuscript is a new data stream framework that seamlessly integrates on-chain and off-chain data into a target data storage, forming a network of data, then collects and organizes all on-chain data in real-time, providing a simple and easy-to-use interface for developers.
What are the characteristics of its network?
1. Full-chain data integration: Chainbase collects all data from multiple mainstream blockchains and provides a unified access method.
2. Real-time and high quality: Their data update speed is very fast, ensuring that users can obtain the latest information.
http://3.AI support: Chainbase has developed an AI large language model called Theia, specifically for analyzing and understanding on-chain data. This model can help users query and analyze data more intelligently, providing in-depth insights.
To give a simple example
Suppose you are a developer wanting to build an application that displays user assets across different blockchains. Using Chainbase, you can obtain all the necessary data from one platform without having to connect to each blockchain separately. This significantly saves time and effort.
Alternatively, if you are an ordinary user wanting to understand current trends in the cryptocurrency market, you can use Theia AI to ask questions in natural language and receive intelligent, real-time analysis results.
To summarize
High-quality, standardized, and stable data supply has always been one of the main lines of AI development. Chainbase simplifies data formats and standardization through specifications like 'manuscript', allowing it to be better utilized by AI.
The existence of this network is to meet the needs of data-intensive AI projects, enabling them to leverage a large amount of high-quality datasets to drive AI innovation, becoming a new model of AI empowered by Crypto.
