Invacio ICO Interview

in #invacio7 years ago

With the dust of the initial cryptocurrency bubble beginning to settle, one particular ICO has triggered a wave
of excitement as it continues to push the boundaries of artificial intelligence and blockchain capabilities and
as a result, has even grasped the attention of the United Nations.
Invacio have created a self-learning artificial intelligence system, called Jean, that has been built to host a
huge number of core capabilities and applications which began with the aim to disrupt the financial market by
utilising real-time and historic data, across a number of platforms, in order to predict the direction of certain
stocks. To date, Invacio have over 10 products that utilise Jean, including:
————————
Network is an AI powered web desktop
which identifies and delivers
real-time information based on
your online activity by
anticipating the answers and/or
services you need, often before
you knew you needed them.

Aquila
is a Hedge Fund led by former
senior executives from Wall
Street, Canary Wharf, and the
private wealth management
sector and utilises proprietary
algorithms and AI that rethink
investment strategies.
Agnes
calculates data of over 1.5m
companies and almost 3000
stock symbols and provides up
to date sentiment score, End of
Day target price, the next day’s
expected High and Low,
probability factor, and other
metrics.
Invacio’s ICO is being held as a strategic approach in order to scale out the key products and identify the
true potential of the Jean AI system. The ICO strategy consists of three pillars:
I. Invacio will initiate their IVC
cryptocurrency as a means
of driving revenues by
immediately releasing the
much sought after Invacio AI
applications, in turn
increasing the value of the
IVC coin.
II. The rise of the IVC coin and
the data collected by pairing
the coin with traditional,
government funded
currencies will enable
Invacio to offer traditional
bank services, such as bank
accounts and debit cards.
III. Once the IVC coin has built
its reputation as a reliable
and trustworthy currency,
Invacio will enable its
products and services to be
purchased directly with IVC.
We sat down with Daniel Brace, the Operations Director at Invacio, with an aim to understand more about
the origins and direction that Invacio are taking.
How did you decide on the name, Invacio?
Invacio is both a play on the word ‘innovation’, given the disruptive nature of our tech, and the latin word
‘vaco’, meaning empty or vacant, in order to reference our Zero-Knowledge communications.
a play both on 'innovation', invasio also, given the disruptive nature of the tech., and on the Latin root, vaco,
meaning empty or vacant — the latter has to do with our Zero-Knowledge communications. We hold nothing,
there is nothing essentially, merely a chaos, if hacked.
Another interesting fact is that the name for the ‘Archimedes’ experiment begins with a lambda (λ), which
was inspired by Archimedes’ fulcrum, and acts as a homage to the lambda calculus.
Another cool fact is that the live experiment 'Archimedes' has a lambda for an 'A' — which represents
Archimedes' fulcrum, and is also a kind of homage to the Lambda Calculus, a signal metalanguage.
There are loads of small things of that kind: the Alise system, for example, is from : aˈlise, a verb meaning
to fame. To report, name by report, allege by rumour or report. ...Which is just what Alise studies.
We understand some of you are based in Thailand, Austria, and your HQ in Hong Kong, why the
London office?
Our London office aims to satisfy our bureaucratic structure. Because of the range of products within the
business, including our zero-knowledge technology and our hedge fund, we’re obliged to shape business to
suit the legal demands that we are required to adhere to. Our CEO, William West, is British so there’s also
an office in his hometown of Whitstable, as well as London.
The London office is to satisfy our bureaucratic structure. because of the variety of the business — including
the zero-knowledge tech, and the hedge fund esp. — we're obligated to shape ourselves to suit the legal and
taxational demands. this question in fact is addressed by the white paper directly, in the section with the
addresses. The CEO comes from Whitstable and is British, incidentally. there's also a Whitstable address,
the London office is one of several.
What was the inspiration or light bulb moment that led to the initial thought process that what would
become Invacio, and who is responsible for that?
Invacio as it stands today was less a lightbulb moment and more of a project that has taken shape over the
last several years. IT began as an idea that our CEO, William, had for a social media plugin that could track
stocks and predict the direction in which they were heading. We realised that the technology had potential
and worked on building the ability to cross reference the real-time data with historic trends. The experiment
snowballed and soon we were implementing social media trends, news articles and reports to aid our
predictions.
The predictions were improving and it became apparent that we were onto something with a huge range of
potential applications. And so what began as a small plugin steadily grew into what is now our sophisticated
distributed AI system, Jean, the backbone of our current product offerings.
It actually began as an idea that CEO William had for a social media plugin that could track stocks and make
some predictions as to where they were headed. We realised it had potential and worked on building into it
the ability to cross reference current data with historic trends etc.. That experimentation snowballed and
soon we were throwing social media buzz into the mix, news articles and reports, tweets, all in real time. The
predictions were getting better and better and it became apparent that we were onto something with a huge
range of applications. The same data analysis could be applied to anything. And so what was a lowly plugin
grew, over years of development into a sophisticated distributed AI system, that we call Jean. Jean is the
backbone of our product offering today, and in fact most of them are iterations of her endless applicability.
What is the first case study in which you can see Invacio improving quality of life within society?
At Invacio, we see ourselves as a driver for good, which is apparent when we have taken on a charitable
operational advisor to help us do just that. We are advocates of effective altruism and although we aim to be
profitable, we wish to feel worthy of our profits through how we conduct ourselves as an organisation.
To reinforce this, our first planned product release is InvMail, a zero-knowledge end-to-end encrypted mail
system that guarantees a user’s complete privacy. These days, hackers, ID thieves and snooping
governments, Invacio aims to act as the final bastion of privacy for our users.
Invacio see themselves as a force for good and you may have noticed we have even taken on a charitable
operational advisor to help us to do just that. We are advocates of effective altruism and do not simply wish
to be profitable, although of course that is a priority, but also to be worthy of those profits through the means
by which we conduct ourselves as an organization. Our first planned product release is InvMail which is a
zero knowledge E 2 E encrypted email system that guarantees the user complete privacy. In these days of
hackers, ID thieves and not to mention snooping governments Invacio will provide a last bastion of privacy to
our users.
How integral do you do deem AI to be to the future of the financial industries?
AI is already making inroads into our daily lives and the pace of integration continues to increase. Market
traders are already using particular forms of AI on a daily basis. I think it is inevitable that AI and its
tremendous potential to revolutionise everything that it touches will ensure it’s necessity in the financial
industries. The ability to pick out hidden trends and identify indicators will mean that crises such as the 2008
market crash will be able to be identified and possibly adverted, or at least limit the scope of their damage
and consequences. This is potentially game changing.
AI is already making inroads into our daily lives and the pace of this will only quicken. Market traders are
already using certain forms of AI on a daily basis. I think it is inevitable that AI and its tremendous potential to
revolutionize everything that it touches will make it indispensable in banking and financial industries. The
ability to pick out hidden trends and identify indicators far in advance of current methods will mean that crises
such as the crash of 2008 will be able to be addressed and possibly averted, in the leased limited in the
scope of their damage and consequences. This is potentially game changing.
[he doesn’t answer the question] Do you believe there any any dangers with the advancement of AI
within the fintech department?
I doubt it. Even AI gets things wrong sometimes, so they key to successful AI trading is careful equity
management. If this is carried out properly, then risks and losses can be minimised whilst the potential to
make large gains can be retained.
Minimise risk, maximise gains.
Invacio implement our trading using a human element in order to achieve this. Jean picks the stocks, we
manage the equity. As these technologies begin to proliferate, I would be surprised to see anybody deviate
from this approach any time soon.
I doubt it. Even AI gets things wrong sometimes and so the key to successful AI trading is in fact careful
equity management. If this is carried out properly then risks are minimized, losses can be kept very small
whilst at the same time the potential to make large gains can be retained. Minimize risk maximize gains. This
side of things is better managed by a human element and that is how we at Invacio carry out our trading.
Jean picks the stocks, we manage the equity. As these technologies begin to proliferate I would be surprised
to see anybody deviate from this approach any time soon.
Can you provide a step-based example of how using Tamius would work in a beneficial situation:
Our Tamius debit card offering will allow you to use your cryptocurrency as payment in physical POS
environments in exactly the same way as you would use your traditional credit/debit card. We are looking
beyond simply using INV as a token to purchase our services and instead, using intermediary currency
which would facilitate POS crypto transactions in real time by bridging the void between blockchain and
traditional currency.
Our Tamius debit card offering will allow you to use your crypto as payment in physical POS environments in
just the same way as you would use any traditional credit/debit card. We are looking beyond simply using
INV as a token to exchange for use with our services and instead using it as what would be effectively an
intermediary currency which would facilitate POS crypto transactions in real time by for want of a better way
of putting it, bridging the void between blockchain and fiat. Sorry that's not step based but its so simple that it
doesn't need to be. But for the sake of properly answering the question.
1 Arrive at point of sale
2 Pay with Tamius debit card
3 Go about your day
For more information on Invacio and their ICO, head to invacio.com

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I love the stuff you post on here, but this one was just way too long in my opinion. Also the interview part was difficult to read with that formatting.

holy crap, this could be huge. Are there any major exchanges for this coin yet?

It's still too early for it to be on any exchanges.

Very interesting project. Seems to be promising. I am probably going to invest some of my $$$ if it will let us to invest. Thanks a lot for the info

This is amazing and scary at the same time. Eventually AI will become so advance that they will trade and buy stocks for us. But for now Invacio can be used to pick up hidden trends that even the experts couldn't pick up, which could predict crashes or bull runs in the financial world. As time goes on Invacio will learn more and will be perfected. The applications are endless, from predicting cryptocurrency booms and bust . To further securing our privacy when making transactions.

/Side Note/ Zach or your co-workers, could you guys please reformat this article? It is a difficult read and the odd spacing distracts the audience. Also adding a few pictures or creating a podcast of this would ease the headaches.

AI scares the crap out of me and anyone else who grew up watching the original Terminator.

There is some good information here for this exciting project. I agree with babajoe, however, that it was a bit difficult to get through due to the formatting. Thank you for the great info that you consistently provide.