Programmable 'Future Services' Futures:
Computing Power Futures: A gaming company expects to need 10,000 hours of A100 GPU computing power for rendering a new version in 6 months. It can now purchase a 'Computing Power Futures Contract' for delivery in 6 months on KITE. This locks in the cost and mitigates the risk of future price increases in computing power. Node operators gain deterministic income and funds for hardware upgrades through the pre-sale of future computing power.
AI Model Training Options: A medical research institution may need to train a specific diagnostic model in the future (when data collection meets standards). It can now purchase a 'Training Option,' paying a small premium to secure the right to access KITE network training services at an agreed price in the future.
Data Stream Subscription Rights: Tokenizing real-time data streams from satellites and urban sensor networks. Users can purchase data 'Subscription Right NFTs' for a future time period (such as the next quarter), ensuring stable access to data during that period for their AI applications.
The far-reaching transformation brought by time value:
Providing 'Productive Financing' for node operators: No longer relying on mortgaging hardware for borrowing, but obtaining development funds through the sale of future services, leading to a healthier model.
Providing 'Certainty' and risk management for demand sides: The costs and resource availability of AI projects become predictable, facilitating long-term planning.
Creating new financial derivatives and investment targets: Investors can directly invest in indices of 'Future Computing Power' or 'Future AI Capabilities,' sharing in the dividends of growth in real productivity without directly operating hardware.
Enhancing overall network utilization and stability: The futures market reveals future supply and demand expectations, helping the network to plan resources in advance and smooth out cyclical demand fluctuations.
Key to technical implementation:
Reliable Oracles: A trustworthy mechanism is needed to determine whether 'Future Services' are delivered as promised at expiration (proof of performance).
Complex clearing and collateral mechanisms: Ensure the integrity of both buyers and sellers during the contract period.
Standardized contract templates: Lower the barriers to creation and use of such complex financial products.
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