Use cases of KlugDossier

KlugDossier is the first-ever AI-integrated, cross-chain data refinery platform and blockchain built on the substrate for Polkadot, Cosmos, Ethereum, and Solana

It is a platform containing a different sets of tools to deliver unique data in a secured way to consumers after proper validation done by paid validators.

It strives to solves the BigData problems in every industry, let’s look into a few examples AI, Finance, NFT and Insurance to understand how Klugdossier will be used in these industries.

Use case of KlugDossier in the crypto artificial intelligence

KlugDossier use case in Artificial Intelligence

• Consumer reaches out with a request to predict cryptocurrency portfolio values in a year and if in option chooses which model to predict the data or leave the option to Validators and Nominators of KlugDossier.
• Based on consumer requests the Nominators identifies the requirements and collects data related to cryptocurrency prices, news, online media data, and so on.
• The price of such data is collected from the consumer.
• A Predicted AI model (Neural Network) is developed based on the consumer option.
• Input data gathered from the Data Producer is converted thereafter to Train and Test Data.
• Train and Test Data is passed to selected Neural Network and the predicted data with accuracy point is then passed to the consumer.
• If the consumer is satisfied with the prediction accuracy then the workflow ends at this stage. If however, the consumer is not satisfied he/she can raise their points to the validator and data whereby the AI models are tweaked accordingly to the consumer comments and again the whole process of execution of model in Oracle platform is re-performed.

Use case of KlugDossier in the financial world.

KlugDossier use case in the Financial World

• Consumers request Equity Analyst to enter the requirements using KlugDossier Web UI.
• Based on the requirement of the consumers, Web app requests data from the data providers.
• KlugDossier Oracle node fetches the trading data and validates it using Validators Appointed based on Proof of stake.
• AI models based on Consumer requirement has been selected to apply on top of the data for validation.
• Strict confidentiality terms applicable to the communication from Data Owners to Data Consumers using Zero-Knowledge Protocol.
• Smart contracts can be used to filter data of the Data owners and then given to AI models.
• Predicted Accuracy generated from AI models is passed on to the equity Analyst. In the event that they are satisfied it is then passed on to stakeholder and/or Validator and then Validators, who then checks the models used and requests any changes to the KlugDossier team (if required).

Use case of KlugDossier in the NFT space

One of the use-cases of KlugDossier is in the NFT Space.

KlugDossier use case in the NFT space

• Consumers input the details of the images they need e.g. Sports stars, Game characters, male, female, with/without etc.
• Consumer inputs are given to the validators to verify and clarify with the consumer (if needed).
• Validator (if all the inputs are good enough) then NFT data will be forwarded to KlugDossier Oracle Node which contains Crypto Punk image generation based on the consumer inputs.
• Crypto images generated will be given back to the consumer.
• If the consumer is satisfied then the necessary fees will be paid, otherwise, it will be passed again to validators.
• Validators after making necessary changes in a model generation will be added again to the KlugDossier Oracle node and then the same loop will get continued.

Use case of KlugDossier in the insurance industry

KlugDossier use case in the insurance industry

• Reinsurance consumers which are insurance providers/sellers can approach KlugDossier to insure their policies sold to the consumer base. In the event of large claims, they can also benefit from Reinsurance, using KlugDossier Oracle insurance whereby the sellers can collect sufficient documents from different data sources in a time-efficient manner.
• On-Demand Insurance Providers can sell the insurance on-demand and keep track of policies through KlugDossier Smart Contracts and can predict the risks based on data collected and made available from multiple sources.
• Microinsurance Providers can sell in very small policies for a large community and also predict risks within that community based on data collected by KlugDossier.
• When a consumer approaches Insurance Provider with a claim any type of Insurance Provider can collect Satellite Images, Weather data, Drone Images, other Insurance Dependent Data from social networks and can verify the validity of the claim, making the process much faster and transparent.

The above are just 4 examples of where KlugDossier can be used, in summary, KlugDossier has a use case in every single industry.

We will be illustrating other use cases in the coming days, stay tuned…