Computable Labs develops blockchain and distributed systems technology to build a decentralized data marketplace for artificial intelligence applications. Data has become the most precious resource of our time, and we believe creating a new Internet substrate for structuring and sharing data will unlock not only unprecedented enterprise value, but also scientific progress and social equity.
Attention. There is a risk that unverified members are not actually members of the team
Strength and Opportunities:Computable counts with an incredibly strong investor base. Among the investors are well known blockchain venture capital firms such as Pantera and Blockchain Capital. In addition the team is strong in terms of educational and professional background. Using the blockchain technology for the purpose of Computable Labs makes a lot of sense. First the blockchain helps to build a data market place without the need of a trusted third party. Second, the tokens provide a strong incentive for entities to contribute data resources.Weaknesses and Threats:Computable Labs is not the first blockchain project that is working on making large data sets available to a broader audience so that machine learning and other data analytics operations can be performed. It is unclear which approach and blockchain platform will dominate this field in the future. Several of the founders have a VC background, which helped them raise capital from top tier cryptocurrency investors. However, it seems that on other aspects, such as community building and white paper development, Computational Labs is behind other blockchain projects. The Telegram Group seems not to be very active nor are there other channels that point towards an engaged community.Verdict:Computable Labs has raised money from private investors which will give the team the resources to hire qualified engineers to further specify and develop the platform. The previous experience and the network of the team hint that the execution of the project will be effective despite the early stage the project is currently in. Success will depend on adoption amongst developers and the quality of the data that will be contributed to the network. Computable Labs is definitely one of the projects early stage ICO investors should follow closely.
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