iOlite (iLT) ICO review
iOlite is an open-source, blockchain and machine learning platform, that will allow anyone to write smart contracts, using any language, natural or programming. The platform is developed with the purpose of bringing more mainstream users, commercial and non-commercial, to start using blockchain technology. iOlite tokens will be used to compensate contributors in the iOlite network that help with the machine-learning process: each text parsing suggestion that is accepted by the iOlite Fast Adaptation Engine (FAE), will be compensated with iLT tokens. In addition, authors will be able to share their smart contracts with other iOlite ecosystem members, for fees in iLT tokens.
iOlite — Create Smart Contracts With Natural Language
iOlite is a product which focuses on the mass adoption of smart contract technology by providing an easy to use engine which is capable of understanding natural language to be compiled to smart contract code. iOlite is the ideal solution if you don’t want to spend time learning, instead just start creating smart contracts.
iOlite is based on the research done at Stanford University. They invented the FAE (Fast Adaptation Engine), which is capable of converting natural language or any other desired programming language into smart contract code. The FAE is not just straightaway translating your input to code. The FAE depends on contributors (smart contract experts) that are able to define structures containing language expressions. Furthermore, these structures are tied to smart contract code they write. This allows the engine to browse the structures to find the right expression so it can compile the desired smart contract. Whenever a structure is used, a contributor gets iOlite tokens rewarded.
iOlite relies on the community to make the FAE successful. The FAE helps them by applying Machine Training techniques to help it learn and adopt new structures more easily.
iOlite Labs is currently focusing on Ethereum smart contracts with Solidity as there is a massive need.