BP-FLAC

About BP-FLAC

BP-FLAC, standing for Blockchain Powered Federated Learning Artificial Intelligence Computing, is a company operating at the intersection of artificial intelligence and blockchain technology. The firm is developing what it describes as a generative AI EVM Layer-1 public chain, with the goal of creating a decentralized and democratically accessible AI training environment. The company was legally registered in 2023 and quickly moved to secure significant financial backing.

A major milestone was achieved in late 2023 when BP-FLAC raised $10 million in a funding round supported by notable investors including Amazon, NVIDIA, Eureka Partners, and Westlabs. This capital is intended to fuel the company's global expansion and the rollout of its key technological initiatives. Under the leadership of its CEO, Alexandrine, the company has articulated a vision to serve the AI needs of up to 200 million users.

The company's business model is centered on creating a shared, decentralized pool of computational resources for training AI models. It aims to solve the problem of access to high-performance GPUs, which are often concentrated within large corporations, by allowing individuals and smaller organizations to contribute their computing power. In return for their contributions, participants are rewarded with WOD tokens, the platform's native utility token. This token serves as an incentive mechanism and is used for transactional activities within the ecosystem. The business generates revenue by providing this infrastructure and plans to list its tokens on centralized exchanges.

BP-FLAC’s core product is a low-code, decentralized platform designed for AI training and the creation of AI-powered decentralized applications (DApps). A key feature is the use of federated learning and zero-knowledge proof algorithms to enhance data privacy and security during model training. The platform also launched a side-chain called Eon, which operates on a Proof-of-Work (PoW) consensus mechanism and is designed to aggregate computing power from consumer-grade hardware like RTX 3080 and 3090 graphics cards. For users, the platform offers a testnet called Forgenet where they can claim and use test WOD tokens, and a future marketplace on the Eon chain will allow for the rental and sale of computing power.