BalanceAI — Weekly Report

Balance AI
3 min readMar 3, 2024

Weekly Report — March 3, 2024

Introduction

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 — February 25, 2024

Let’s examine the main highlights from the previous week:

1. We are working on documentation

At present, we’re deeply engaged in the meticulous process of documentation. Our focus lies in organizing, detailing, and clarifying vital information that underpins our project. With a keen eye for accuracy and clarity, we strive to ensure that our documentation serves as a reliable reference point for our team members and stakeholders alike. Through this concerted effort, we aim to streamline workflows, enhance communication, and fortify the foundation upon which our endeavors rest.

Balance AI Documentation Hub (Work in Progress)

2. Audit

We are currently in discussions with an auditing company regarding the assessment and audit of the source code for version 0. These discussions aim to establish a collaborative partnership wherein the auditing company will thoroughly scrutinize our codebase, ensuring its integrity, security, and compliance with industry standards and best practices.

3. Continuing tests of staking and validation on v0 AlphaBalance Testnet

Tests underway on AlphaBalance Testnet v0. Upgrading the codebase to latest stable release of Substrate (https://github.com/paritytech/polkadot-sdk/releases/tag/polkadot-v1.7.2).

4. We’ve released an article detailing our ZKML POC

The complexity of ML deployments is growing with expanding technologies. Many adopt “ML-as-a-service,” posing challenges in comprehension and audibility. To address this, cryptographic protocols like ZK-SNARKs are essential.

https://medium.com/@balancedao/using-zkml-for-creating-ml-ai-models-execution-proofs-balance-ai-poc-1230dc359a4a

5. The deadline for submitting proposals to the Our First AI Model Grant Program is running out

You can submit proposals for our grant program only until Tuesday. Details are in the article below.

https://medium.com/@balancedao/announcing-our-first-ai-model-grant-programme-13f513a86361

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

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Balance AI

We created BALANCE DAO to build and develop a safe crypto space.