BalanceAI — Weekly Report

BalanceAI Network
5 min readJul 7, 2024



Welcome to our weekly update, a summary of the most recent progress and achievements in our project. To access the previous update, please click on the following link: Weekly Report — June 30, 2024

1. Bridge functionality tests and audit

We are currently actively testing the bridge functionality.

As bridge security is crucial we are closely working with auditors on the bridge audit.

Bridge Pallet Audit has been completed — we have worked on the auditors fixes for found issues.

We have handed over the fixes to the auditors and they are working on verification before providing the final report.

2. V1 Works continue — AI Nodes & BAI SDK Wrapper

We are testing the first version of the Balance AI SDK Wrapper.

BalanceAI Wrapper enables connection of AI models (API endpoints to AI models) to the BalanceAI blockchain. Wrapper is a Python utility (command-line tools and libraries) that wraps API calls from locally run model APIs, exposing them to BalanceAI users. It provides security by validating requests from authenticated users, checking authorization, and storing information about requests/responses on-chain and in the InterPlanetary File System (IPFS).

Below you can find a screen showing BalanceAI Wrapper SDK serving a Hugginface model. We have added that funcitonality to the SDK and currently testing it.

3. Audit Completed

The company responsible for the audit has finished its assessment.

We have completed the fixes for the auditors found issues and handed over the code for the auditors to re-verify.

They are going to re-run the following test cases:

A. BAI v0: Network Genesis and Chainspec

B. BAI v0: Network Runtime Configuration

C. BAI v0: Governance Configuration

4. Remember, the first version of our new documentation is now available!

This marks a significant milestone in our journey to enhance user experience and provide comprehensive support for our blockchain.

We are actively developing and expanding our documentation. Future updates will bring more guides, tutorials, and examples, improved accessibility, and integration of user feedback.

Documentation is available at the link:

5. BalanceAI Dashboard

BalanceAI Dashboard completed, we are working on testing staking functionality right now.

6. Product Testing channel

We are excited to invite you to join our Community Testing Group. Participate in the improvements and proposals for our project, helping us test, identify bugs, and propose enhancements.

◽️ Why Join?

- Provide valuable feedback to enhance the project.

- Connect with like-minded individuals and contribute to a collaborative effort.

- Be the first to experience our latest features.

◽️ How to Participate:

1️⃣ Join our Telegram channel

2️⃣ Stay updated about detailed instructions on new components.

3️⃣ Share your insights, report bugs, and suggest improvements.

Your feedback is crucial, and we appreciate your time and effort in helping us build something amazing.

Thank you for your support!

7. New Website

First draft of new website design has been completed. We are working on finalizing the website HTML code to publish it.

8. V1 Design process has started

We have started working on the design documents for the V1.

  • On-Chain Access: The ability for users and/or applications to interact with AI models in a controlled (by Balance AI blockchain data) environment.
  • AI Models Wrapped : A wrapper framework serves as a software development kit (SDK) designed to expose AI models via API, streamlining the process of integrating these models into Balance AI Marketplace. This framework automates several crucial aspects related to on-chain access, payments, security, and validation, enhancing the accessibility and usability of AI models in on-chain environment.

9. We have started the migration process to a new domain

We are currently in the process of migrating our website to our new official BalanceAI Network domain. The site will be under construction for a brief period. Coming soon, we will begin publishing updated project information documents.

10. Our V0 Testnet is fully operational

Beta Testnet V0 can be found at:


11. Monitoring infrasctructure

We are working on preparing solid monitoring infrastructure for the V0 Testnet and V0 Mainnet.

The monitoring hub in action with our latest V0 Testnet with 3 validators:

To stay updated with our latest news and developments, be sure to follow us on our official channels.

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BalanceAI Network

BalanceAI is an open-source protocol that powers a decentralized, blockchain-based AI Models Marketplace.