The Use Case Scenario of Knowledge Graph Technology
Word of mouth, markings, bamboo slips, papers, and eventually the Internet have all been used to transmit down human knowledge down the years. Text, images, and videos, which are common forms of human information, are challenging for robots to grasp.
The time it takes to translate all knowledge into suitable forms, the enormous effort required to accomplish activities, and the risk of data manipulation under centralized control are all hurdles to creating a certified KG that can be successfully utilised by AI.
EpiK Protocol’s trustworthy financial capabilities are based on Decentralized Financial Technology (DeFi). The bulk of cryptocurrency users currently own popular cryptos such as BTC and ETH.
On EpiK Protocol, a decentralized lending service will be made available (see below) to enable these consumers to participate in EpiK’s decentralized knowledge graph economy.
To commence, the user uses the EpiK Protocol’s cross-chain gateway to convert BTC to eBTC. They will then use EpiK’s lending mechanism to borrow EPK tokens by staking eBTC. They can use the EPK tokens they got to participate in EpiK’s ecosystem in the following ways:
Stake EPK to become a node
Become a Domain Expert: Vote for yourself or others to be Domain Experts, and you’ll get EPK rewards eternally.
Simple data retrieval:
To obtain any knowledge graph data you want, stake EPK.
While exiting the EpiK ecosystem, unstake any staked EPKs and return them to EpiK’s lending service, as well as recover any already staked eBTC and change it back to BTC using the cross-chain gateway. The eBTC will be burnt when you return.
EpiK Protocol’s dependable governance is built on Decentralized Autonomous Organization Technology (DAO), which employs blockchain technology to operate a decentralized organization, enforcing rules using codes and ensuring data immutability to avoid data tampering.
Any internal problems that demand governance may be addressed via the DAO, and it allows competent people to vote on the results.
As a result, if DAO technology is utilized for governance, discrepancies will not be rectified immediately. DAO, on the other hand, decreases the cost of deciding the outcome under normal circumstances by removing the need for manual counting, surveillance, arbitration, and implementation.
The EpiK Protocol is based on two basic tenets:
1. Only those who are directly affected are eligible to vote on the governance issue.
2. The vote power is weighted differently depending on how much the involved parties are affected.
Based on this, the EpiK Protocol divides the major actors into three groups:
• The Global Group
• Storage Group
• And Knowledge Group.
The Global Group is in charge of enforcing global parameters that protect all EPK token holders' interests.
The Storage Group is responsible for figuring out what controls the miners' interest.
The Knowledge Group establishes the parameters that the Domain Experts must follow. As the number of Domain Experts and Bounty Hunters grows, reward allocations will need to be modified to match market demand for various domains.
About EpiK Protocol
The EpiK Protocol is the world’s first decentralized AI data storage protocol. It creates a global open autonomous community with four core capabilities of trusted storage, trusted incentives, trusted governance, and trusted finance through the integration of IPFS storage technology, Token incentive mechanism, and DAO governance model, which organizes global community users to work together at a very low management cost and continuously produce high-quality AI data. EpiK Protocol thinks that by broadening AI’s horizons and ushering in the era of cognitive intelligence, they may usher in a new era of AI.