The smart blockchain ecosystem TEAL is the alternative to Google, Amazon and Co. Our established, associative AI linked with the decentralized infrastructure of the blockchain gives users control back over their data and brings them together with brands, and companies without a middleman. Each of our investors shares in the earnings on our platform every day. The community is a key idea of the smart blockchain ecosystem. The first product from the house of TEAL will be the TEAL Marketplace.
The TEAL AI creates neural networks like a brain. In this way our AI takes the data and profiles that a user provides us with to develop requirements profiles and find the best products and services for that individual. The associative AI is already used successfully in practice as a technology for searches, recommendations and data science.
We work on Ethereum, the blockchain that aims to provide the operating system for the industry. Its special strength is its adaptability to various requirements. This is why it is such a good match for TEAL.
Even in a very innovative project, we believe that it is not necessary to reinvent everything and we rely primarily on alliances in order to achieve our milestones and target within the timetable.
To some extent we are of course dependent upon how Ethereum evolves. Admittedly, proof of stake is not yet a standard on the Ethereum infrastructure but it is necessary as a key factor for the scalability of applications and hence very realistic. However, we do of course have a Plan B if Ethereum should fail to pave the way.
The TEAL Marketplace is founding the new generation of e-commerce. There are above all three distinguishing features: artificial intelligence that functions like a brain, protection of the users’ personality rights and collaborative buying.
Security and data protection are basic principles of TEAL. TEAL respects every individual’s personality rights and gives users control back over their data. In the TEAL blockchain, they can store the data in a decentralized and protected form. They decide whom they can supply with which information. In this way, they regain ownership of their data.
The community is a key idea of the smart blockchain ecosystem. Friends can also create joint searches in the TEAL Marketplace. Our AI combines their personality profiles and gives them proposals with precisely the products and services that match their needs. We call this collaborative buying.
We are not looking to make a fast buck. Our vision of a new secure community-led ecosystem is a tremendous driver for TEAL. This is why our business concept is directed towards the Gartner benchmarks. Consequently, the TEAL team unites entrepreneurs, scientists and digital natives to create an even balance of experience, know-how, innovative spirit and enthusiasm. This is why TEAL is being developed in Germany. We patented the associative AI that will play a key role in the smart blockchain ecosystem and in the TEAL Marketplace and are successfully deploying it. A think tank will also enable us to promote scientific research projects in the technology and economics of blockchain as well as AI.
The company was founded in Zug, in Switzerland, because the administrative obstacles in Germany are too high at the present. Switzerland has a good reputation in matters of financial business and Zug is a hub for young enterprises from the blockchain scene. However, TEAL is developed entirely in Germany in North-Rhine/Westphalia.
We are building a smart blockchain ecosystem so it makes sense to opt for funding via an ICO as well. What’s more, the community idea is of key importance for us and this also favours decentralized funding via the community instead of a more centralized institution such as a bank or a VC enterprise.
Firstly, we need money for developing the TEAL products. Admittedly, the associative AI and the Ethereum blockchain already exist, but both of them only provide the foundation. A lot of development is still necessary for applications such as the TEAL Marketplace. As we do not wish to keep reinventing the wheel and aim to keep the time to market as short as possible, we are also planning to enter into strategic partnerships. We shall of course align TEAL’s application strongly to the needs of the community and will therefore use part of the money for the dialogue as well as for scientific research.