According to a recent research study, the robotics economy is projected to see an explosive growth, increasing from a total market value of 40 Billion USD in 2016 to a potential market valuation of 135 Billion USD in 2019. According to the market statistics, the robotics market has some great prospects in terms of compounded annual growth in the coming years.
The term Robotics was first introduced by I, Robot (1950) science fiction author, Isaac Asimov. Robotics is the branch of technology that handles the design, operation, construction and application of robots. In the book Mr. Asimov described the three laws of Robotics: ➡️ A robot may not injure a human being or, through inaction, allow a human being to come to harm. ➡️ A robot must obey orders given by human beings except where such orders would conflict with the First Law. ➡️ A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.
The Articficial Intelligence (AI) and robotics economy consists of various branches ranging from human-friendly companion robots that accompany elderly citizens to fully autonomous vehicles and anything in between. One of the projects that aims to disrupt the robotics industry by making the development process faster, cheaper and easier is Kambria.
Kambria is building an open blockchain platform where businesses and developers can come together to collaborate on creating new innovative projects that will enable the launch of consumer-based applications.
✅ OhmniLabs, which is the company behind the initiation of the Kambria project, has already been very active in the robotics business, manufacturing personal robots. Kambria is based in the worlds’ tech capital, Silicon Valley, USA.
By building their own open source blockchain platform, Kambria aims to accelerate the development of AI and robotics. The project centers around the Kambria codebase in which everything and everyone comes together. The codebase is similar to Android and Linux, as it specializes in having all the items needed to build a robot or robotics parts. The Kambria DNA (KDNA) is the modular language that enables different parts in the database to be combined and made into a specific robot or robotics part. The KDNA can contain both hardware and software.
When developers re-submit their developments back into the Kambria codebase, they can get rewarded for their accomplishments by the incentives given to them in Kambria’s nativate KAT tokens.
The Kambria alliance enables manufacturers to interact with the Kambria codebase to ask for robots or robotic parts to be made while incentivizing the platform’s developers.
The Kambria innovation marketplace can make a big difference in the acceleration of the robotics development as the marketplace will hold development competitions with significant token rewards.
Free-riders and violators will be penalized by the Kambria community and in some cases legal actions will be made against malicious actors, keeping the network safe from frauds.
All the technology that will be developed on the Kambria platform will be made available free of charge for personal and Research and Development (R&D) purposes. An option for a licensing fee on commercial and enterprise usage will be made available.
✅ In their Initial Coin Offering (ICO), Kambria intends to raise a total capital of 19,000,000 USD, in exchange for 50% of the total token supply. While the presale phase has recently been finalized, we are waiting for the Token Generation Event (TGE), or public sale to commence. More details will be announced shortly. According to their Telegram channel, a total of 5,000,000,000 KAT tokens will be minted. KAT will be launched as a native ERC-20 token. Several ICO rating platforms were very positive about the Kambria project potential.
✅ Having a team that is comprised of highly qualified team members and top-notch investors will definitely add confidence to the project to make it a success. Besides having field experts and people with blockchain experience on their team, Kambria has also been endorsed by one of the most respected Venture Capital firms in this industry, called #HASHED. Partner and CEO of #HASHED, Simon Seojoon Kim is also one of the project advisors, and is joined by other industry giants, like Kyber Network’s CEO Loi Luu, NEO Capital founding partner, Roger Lim and WeTrust CEO and Co-founder George Li.
✅ As I see it, the AI and robotics economy is gaining ground and it is gaining it fast. Do I believe robots will take over jobs of ‘regular’ employees, of course I do, it would be naïve to think they won’t. I do however think there are opportunities for people that are adapting to these new technological innovations. Sometimes you need to break out of your bubble and educate yourself about new innovations that potentially will be a part of our everyday lives. You don’t want to be left behind.
Kambria is elaborating on the development of AI and Robotics and is trying to establish a decent market share in this niche. Doing the research on this project has made me realize its full potential. I will be following this project closely.
✅ If you would like to know more about the Kambria project you can check out their official channels: Website: https://kambria.io/ Whitepaper: https://kambria.io/Kambria_White_Paper_v2.pdf Telegram (ENG): https://t.me/kambriaofficial Telegram Announcement Channel: https://t.me/kambria Twitter: https://twitter.com/KambriaNetwork Facebook: https://facebook.com/KambriaNetwork Reddit: https://www.reddit.com/r/KambriaOfficial/ Email: info@kambria.io
Full disclosure: I do not own Kambria tokens and I have not yet participated in Kambria ICO. This article is not intended as investment advice. It is just my personal opinion about the Kambria project. You should always do your own research. This article was created in exchange for a potential token reward from Bounty0x and it is written by LindaCrypto.
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LindaCrypto