Modules
Anonymizer
The Anonymizer- Keep your secrets
- Comply with regulations
- Increase leverage
- Available as stand-alone module
The goals?
- To ensure confidentiality and comply with regulations (GDPR)
- To increase content recycling, reduce polish/enhancement efforts, and avoid embarrassing or unintentionally funny machine translations
Unlike approaches taken by Computer Assisted Translation vendors, the Anonymizer not only increases matching, but also provides confidentiality and compliance by using only the anonymized and normalized texts in the translation workflow.
After Enhancement and Proof of Trust, the translated text returns to the Anonymizer to be de-normalized and de-anonymized before final delivery.
The original, confidential data, and the translated version are stored on a separate server, isolated from the rest of the platform, and destroyed immediately on delivery. Any data stored in the Exfluency Refinery will remain anonymized and normalized.
The Exfluency Anonymizer will be available as a standalone module for companies wishing to use API technology to plug in to current workflows. Contact us for further details at hello@exfluency.com.
Enhancement
The Enhancement Editor- Uniquely designed to match the new business model:
NMT + Content Recycling + Human Revision - Intuitive and fun to use
- Facilitates the communication of meaning and value
- Empowers linguist and subject-matter experts
- New linguistic assets created on-the-fly
- Human parity validation
- Token economy for all new linguistic data
- Available as stand-alone module
The game changer in the language industry is machine translation’s rapid and relentless march towards human parity. And remember! Human parity does not mean free from error, but rather the level of mistakes you would find in a human translation.
Why push a text through poorly maintained translation memories when a combination of content recycling and machine translation can generate a preliminary text that is better?
The Exfluency™ Enhancement Editor allows you to concentrate, not on segments of bilingual texts, but on communicating meaning and value.
The Enhancement Editor also empowers subject-matter experts. Intuitive and quick to learn, the enhancement workflow allows you to do what you are good at: communicating meaning in your subject and language. Everything else is not important and as such our aim is not to bore you with 1,001 smart functions.
The Exfluency Enhancement Editor will be available as a standalone module for companies wishing to use API technology to plug in to current workflows. Contact us for further details at hello@exfluency.com.
Proof of Trust
Proof of Trust and Trust Chain- Trusted pairing with best linguists
- Blockchain technology
- Irrefutable reputation
- New career opportunity as Trust Miner
- Available as stand-alone module
Proof of Work and Proof of Stake are two already well-established blockchain concepts that have helped cement this truth gene. Exfluency™ wishes to introduce a third: Proof of Trust.
For buyers of translation wishing to purchase peer-to-peer language services from the best linguists available, Exfluency Proof of Trust is a means of quality control that provides an immutable ledger of linguistic excellence.
Unlike other attempts to measure skill and reputation, our approach provides transparent, intangible proof of trust by linking the power of the Exfluency Community and peer approval to blockchain technology and a token economy.
Trust mining also represents a new, exciting job opportunity for linguists.
Linked to thousands of Trust Chains, a language buyer’s algorithm will be offering the right projects to the right linguist. Every time. The information will always be up-to-date and always reliable. Link this to the new content recycling + MT workflow and you have a business model for the 2020s.
Exfluency Proof of Trust will be available as a standalone module for companies wishing to use API technology to plug in to current workflows. Contact us for further details at hello@exfluency.com.
The Refinery
Proof of Trust and Trust Chain- Content Recycling
- Qualified and anonymized multilingual documentation
- Storage of all new and human parity data
- Easy to search and leverage
During the enhancement workflow our retrieval technology locates large segments of previously translated text and combines them with the best available neural machine translation (NMT) engines.
Leveraging large segments of previously translated text produces the highest level of consistency and the best quality at the lowest price in the final translation.
At the same time, newly created linguistic data is stored for later use in training new NMT engines. Training data that has been validated by humans, rather than trawled from the Internet is a valuable source and, of course, all linguistic data at Exfluency is checked by its members, who earn additional XFL every time a new linguistic asset (be it a sentence or a term) is created.
All data is anonymized and normalized, and fully compliant with GDPR legislation.
Profiles
Language Buyers
Language Buyers are individuals, companies, international corporations, intergovernmental organizations, NGOs, etc., that need to buy translation to communicate in a world with 6,900 wonderful languages!
Language Miners
- Put your linguistic assets to work
- Join a community to create critical mass
- Share ownership
For linguists, subject-matter experts, language companies and global organizations wishing to leverage their terminology, translation memories and bilingual documents, the Exfluency™ Language Ledger collects and leverages a critical mass of anonymized linguistic assets while sharing the benefits with its Community.
Unlike other attempts to collect language resources our unique cryptocurrency approach rewards their participation in the value creation by paying XFL and using 75% of profits to buy & burn tokens, thus appreciating their value.
Language Polishers
- Put your know-how to work
- Unique role in language industry
- Enjoy shared ownership
For linguists and subject-matter experts who want to earn XFL from a steady flow of language validation assignments, the Exfluency™ Language Ledger collects and leverages a critical mass of anonymized linguistic assets while sharing the benefits with its Community.
Unlike other attempts to collect language resources, our unique approach applies hands-on linguistic know-how to improving machine translation training data and rewards their work contribution in the value creation by paying XFL and using 75% of profits to buy & burn tokens, thus appreciating their value.
Language Enhancers
- Leverage your language skills for professional, hourly rates
- Be recognised as an expert in your field
- Drop word rates and CAT discounts
For linguists and subject-matter experts looking to generate revenue from a steady flow of work, the xfluency™ Language Ledger features an innovative Enhancement Editor. Unlike other platforms, Exfluency not only pays a fair hourly rate for text enhancement, but rewards participation in the value creation by 1) additional payments in XFL, the Language Coin and 2) providing Enhancers with a blockchain-assured reputation.
Trust Miners
- Become a recognised leader in the language community
- Help build cast-iron reputations for you and your colleagues
- New career opportunity as Trust Miner
Unlike other attempts to measure skill and reputation, our approach provides transparent, intangible proof of trust by linking the power of the Exfluency Community and peer approval to blockchain technology and a token economy.
Trust mining also represents a new, exciting job opportunity for linguists. Selected by the Community, Trust Miners are individuals working with the quality assessment of completed enhancement assignments, providing Enhancers with feedback and rating their work.
Investor Zone
Why and how
| The Market Problem | ||||
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| The current market for translation services is worth USD 50 billion a year and drives sales of USD 11 trillion worth of global manufactured goods. | There will be 8 billion IoT devices by 2020, and 40% of the share of value of these devices is enabled by cross-border interoperability. | People are twice as likely to press the buy button if it is in their own language, and yet still more than 99.99% of all data on the Internet is only available in one language. | ||
| Why? | ||||
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The Market Solution
#Scalable #Sustainable #Multilingual
The Exfluency Language Ledger is a marketplace that facilitates the buying and selling of multilingual communication.
The overview below shows how the XFL works at the core of the transactional process. In brief, every creation or improvement of the Community’s linguistic data is rewarded with tokens; every request for professional services by clients is paid in fiat.
What makes Exfluency unique for sellers of language (i.e. Miners, Polishers and
Enhancers) is that they are
paid in language tokens (XFL) for all the language assets uploaded, validated
or improved on the platform.
The benefits for Buyers are many:
| • | Data is secure | |
| • | Translation will be significantly cheaper and delivered faster | |
| • | The Buyer is awarded a share of the token value generated by new linguistic assets created in the text enhancement phase and thus also becomes a member of the Community | |
| • | Language ceases to be perceived as a cost centre | |
| • | More and better multilingual communication will drive growth for your organization | |
| • | The self-regulating Community will standardise quality at a high level | |
| • | The social impact will be immense – people will communicate better; endangered languages might even be revived | |
| • | Personal data remains the property of the individual | |
| • | Full respect for GDPR and the anonymisation of data | |
| • | Linguistic data remains the property of the Community | |
| • | Companies or groups of members can create confidential Gated Communities, e.g. to enable supply chain collaboration on confidential projects |
The platform is founded on Blockchain Technology. Decentralised, complete traceability, and the tracking of usage is backed by a matchless level of security to guarantee safe, simple and fast transactions.
Exfluency’s experienced team of blockchain architects and programmers partner up with a similarly strong team on the language side to link blockchain to the very latest Language Technology to best leverage the Community’s linguistic intellectual property. Powerful API allows other platforms to plug-in and similarly exploit Exfluency language assets.
The Neural Problem
Neural Machine Translation (NMT) continues to improve in leaps and bounds, but there’s a problem – a very human problem. Just like the real thing (your brain), NMT tends to remember funny little details from its data set. Huge amounts of data can be undermined by a handful of fake news and, suddenly, expletives appear out of nowhere – or the world is adjudged to be flat.
In short: No amount of big data can make up for bad data.
Gatekeeper NMT solutions owned by some of the world’s largest corporations trawl the Internet for linguistic data and, as we know, not all of it is good. They then add your data to the stack, just for good measure, and serve up a cocktail of brilliant and awful.
Conclusion: if NMT is to help us communicate better and faster in a multilingual world, the training data has to be of a high standard. Nor do we want language to belong to one or two businesses. Language belongs to the peoples of the world.
The Neural Solution
To create the best NMT, you need the best training data for your engines – and a means of leveraging the results produced by the engines to operate with a process of continual improvement.
By actively encouraging Language Miners to have their data validated by Polishers, Exfluency rewards the Community for tolerating only the best. Nor are the results left to the computers: Enhancers, working with the Language Communicators, take the results up to an even higher level by either issuing Human Parity Certificates, to computer-generated texts or by correcting the document before feeding this validated data back to the Linguistic Data Repository to further improve the quality of the NMT.
Human parity is not possible without human involvement.
Last, but not least, all the linguistic assets belong to the Community – to the thousands of people who have invested their linguistic talent in the data set. Real wealth is hard-earned knowledge reaped over extensive time and, rather than letting corporate gatekeepers reap the monetary benefits, Exfluency aims to reward linguaphiles for enabling communication gateways and highways to global commerce and dialogue.
The Token
THE ICO
PROJECT DESCRIPTION: Marketplace for multilingual communication
COUNTRY: Switzerland
INDUSTRY: NMT + Human Translation, Artificial Intelligence, Machine Learning
PRODUCT STATUS: Initialised
RESTRICTIONS:
Please note that Exfluency GmbH will neither offer nor sell to you, and you are not eligible to purchase any XFL in the Token Sale (as defined herein) if such Token Sale is prohibited, restricted or unauthorized in any form or manner whether in full or in part under the laws, regulatory requirements or rules in the jurisdiction in which you are located, at the time of your intended purchase or purchase of the tokens pursuant to this agreement.
The Token
Symbol: XLF
TOKEN UNIT: Exfluency Token
ROLE OF TOKEN: Payment
BLOCKCHAIN PLATFORM: Ethereum
TOKEN STANDARD: ERC20
EMISSION RATE: Fixed supply. No issuance after the ICO. Unsold tokens will be burned after the crowdsale (more details below).
Token sale: the Details
SOFT CAP: USD 7,000,000
HARD CAP: USD 30,000,000
ICO START DATE: 1 August 2019
ICO END DATE: 31 December 2019
TOTAL TOKENS MINTED: 3,000,000,000 (3,000 million)
TOKENS ON SALE (private + crowdsale): 1,500,000,000 (1,500 million)
TOKEN BASE PRICE: XFL 1,500 = ETH 1
TOKEN SALE METHOD: First come, first served
ACCEPTED CURRENCIES: BTC, ETH, CHF, EUR, USD
MINIMUM CONTRIBUTION: ETH 0.1
MAXIMUM CONTRIBUTION: ETH 15,000
The token sale will be divided into three main stages:
1. Private sale
2. Presale (crowd sale)
3. Main sale (crowd sale)
Additional rules:
| 1. | Any unsold XFL from a current sale stage will be carried over to subsequent rounds. | |
| 2. | Unsold tokens at the end of the sale will be burnt. Similarly, a proportional number of tokens will be burnt from the remaining supply to keep the ratio between tokens held by the crowd and the rest of the participants. |
Private Sale:
START DATE: 1 February 2019
END DATE: 31 July 2019
TOKEN BASE PRICE: Negotiable
TOKEN DISTRIBUTION DATE: 1 month after private sale end date
Crowd Sale:
| 1. | Presale | |
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END DATE: 30 September 2019 TIME-BASED BONUS: TBD TOKEN DISTRIBUTION DATE: 1 month after presale end date | ||
| 2. | Main Sale
| |
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END DATE: 31 December 2019 BONUS: no bonus TOKEN DISTRIBUTION DATE: 1 month after main sale end date |
Tokens: the Distribution
Tokens: the Spending Distribution
Participation in the Token Sale
We have prepared a step-by-step guide to help you through the process of buying tokens.
Please refer to: http://exfluency.com for details on how to participate in Exfluency ICO.
If you need further assistance, we’re glad to help in via our Telegram group – or send us an email at support@exfluency.com or tweet @exfluencyINT.
The Token Economy
To have value, it must be valueless. George Gilder
Ultimately, the question for modern businesses will become: Are you about value extraction or value generation? Blockchain is all about values, and in these turbulent times where populations feel disenfranchised by national populism and corporate digital dictatorships alike, tomorrow’s winners will be standard bearers for precisely that: Values.
Token economies are a means by which we can generate value for all.
Exfluency™ stands far from alone with this point of view. Large corporations the world over are looking at how to best introduce token economies. Be it Facebook or Google or Amazon – or Land Rover Jaguar! In the near future, Jaguar drivers will be rewarded with IOTA coins for enabling their vehicles to automatically report useful data. The price of the IOTA coin rose by 20% when this news broke in early May.
IOTA had no value when it was first released; neither did bitcoin.
Exfluency™ will issue a new currency: XFL, the Language Coin.
Members of the community will be rewarded in XFL for mining and polishing linguistic assets.
Who can mine? Well, huge organizations such as the EU; or an NGO, or an LSP, or a freelancer. How about a law student sat in Singapore uploading English-Tagalog legal terminology? Or the state government in Kerala that wants to create more commerce with Mumbai and therefore uploads a wealth of Malayalam-Guajarati sentences? Or a Syrian doctor stuck in a European asylum centre? Add your own examples.
Who would polish and provide proof of trust? The best members of the community voted in by their peers.
What will XFL be worth? As with any other currency, its worth will be dependent on the value its users ascribe to it.
Buy ‘n’ burn
However, Exfluency™ will give it a little push … every quarter 75% of company profits will be used to buy back XFL – and destroy them, i.e. a buy ‘n’ burn strategy.
What does this mean for the linguist? Well, a huge aspect of XFL is that it addresses the current disillusionment among those doing the work: the linguists. Ignored, vilified, and commoditised, blockchain will facilitate the revenge of the language nerd!
As any other highly educated specialist working in a liberal profession, not only can they work for a fair hourly fee, but as members of this new ecosystem, they will benefit directly from the rising value of the Language Coin.
FINMA Certification
The Exfluency™ Language Coin, XFL, was awarded payment token status by the Swiss Financial Market Supervisory Authority (FINMA) on 3 May 2019.This means that, on completion of version 1 of the platform, Exfluency is cleared to launch its Initial Coin Offering (ICO).
Exfluency deliberately chose Switzerland as our base because the Swiss authorities are internationally recognized as being meticulous in their vetting of ICO projects. It was fundamental to our way of thinking that Exfluency not only is but is also seen to be a bone fide blockchain project.
XFL is a genuine payment token linked solely to the creation and validation of linguistic assets, and to rewarding community members for quality assessment and providing professional assistance to colleagues.
Exfluency has identified a genuine market problem and its combination of language technology and blockchain is a natural solution to that problem.
Swissqoute Partnership
Exfluency™ has entered into an agreement with Swissquote to run our ICO. We are proud to be working with a bank that combines years of know-how in traditional banking with a dynamic approach to the emerging commercial benefits offered by cryptocurrencies and blockchain.A Swissquote account already empowers account holders to trade in exactly the same way, no matter you are working with Swiss Francs, Euro, US dollars … or five different cryptocurrencies!
Whitepaper
Exfluency™ has a 60+ page whitepaper ready for publication as soon as we are ready to go to ICO. Swiss legislation does not permit that we make it available on our website until we are ready to release version 1 of the platform.Newsletter
About us
EXFLUENCY
The Business Team
ROBERT ETCHES
CEO
A dynamic actor in the language industry
for 30 years, achieving particular success as CIO
at TextMinded (2012-2017). Always active in the community, Robert was co-founder of
the Word Management Group (1996-2006), the TextMinded Group (2007-2013), and the
Nordic CAT Group (2011-2013). He served four years (2013-2016) on the Board of GALA
(two as Chairman), and four on the Board of LT-Innovate (2015-2018). A known industry
speaker on the need to embrace innovation and change.
CEO
A dynamic actor in the language industry for 30 years, achieving particular success as CIO at TextMinded (2012-2017). Always active in the community, Robert was co-founder of the Word Management Group (1996-2006), the TextMinded Group (2007-2013), and the Nordic CAT Group (2011-2013). He served four years (2013-2016) on the Board of GALA (two as Chairman), and four on the Board of LT-Innovate (2015-2018). A known industry speaker on the need to embrace innovation and change.
ANNA PIETRUSZKA
CSO
Anna is a Change Maker with extensive experience in business model design, transformation and shaping. A Transformation Leader with wide-range experience in designing and managing complex change processes. Business model creator, developing and implementing strategies around company growth and mergers and acquisitions.
JAROMIR DZIALO
CSA
Proven, seasoned (20 years) CTO and
Software Engineering Manager. Built and
successfully exited a semantic text processing start-up in Silicon Valley. Designed
and implemented software solutions for Swiss banking domain, risk scoring analysis
software, lending solutions, social network with 330 million userbase (1,000+ servers),
and digital content distribution network for 95% of cinemas in Switzerland. Technical
and product advisor to funds, helped investing in 50+ projects (up to >25x ROI).
Jaromir
has been a judge, mentor, and speaker at 50+ start-up events.
CSA
Proven, seasoned (20 years) CTO and Software Engineering Manager. Built and successfully exited a semantic text processing start-up in Silicon Valley. Designed and implemented software solutions for Swiss banking domain, risk scoring analysis software, lending solutions, social network with 330 million userbase (1,000+ servers), and digital content distribution network for 95% of cinemas in Switzerland. Technical and product advisor to funds, helped investing in 50+ projects (up to >25x ROI). Jaromir has been a judge, mentor, and speaker at 50+ start-up events.
KRZYSZTOF ZDANOWSKI
CHAIRMAN OF THE BOARD
Krzysztof is dedicated to developing new ways of doing business by following his life values: flexibility and transparency. He established his first translation brand, Spectraling in 2009, which soon became part of the Summa Linguae Group. As CEO of Summa Linguae, Krzysztof has developed a unique business model based on a mix of organic growth and mergers and acquisitions. He took the company public after six years and, to-date, has successfully closed eight acquisitions..
JOCHEN HUMMEL
EXECUTIVE ADVISOR
Jochen is co-founder and CEO of Coreon, the most advanced SaaS solution for multilingual knowledge systems. He is CEO of ESTeam AB, a provider of language technology and semantic solutions to EU organizations and corporations. He is also the current chairman of LT-Innovate, the Forum for Europe’s Language Technology Industry. Jochen has a software development background and grew his first company, TRADOS, to the world leader in translation memory and terminology software. Founded in Stuttgart, TRADOS had offices on three continents and was headquartered in Silicon Valley, when the company was sold in 2005 for USD 60 million. In 2006 Jochen founded Metaversum, the inventor of the virtual online world Twinity and was its CEO until 2010. A well-known, internationally respected software executive and serial entrepreneur, Jochen serves on boards and is mentor/angel for several start-ups in Berlin.
AGATA KOWALSKA
ATTORNEY-AT-LAW
Her key clients range from
technological startups, mobile application and computer games creators
to AI developers. She negotiates investment agreements with VC/PE funds and
helps early stage companies to develop their businesses.
She offers legal advice and support with various forms of business
financing from issue of shares and debt instruments (bonds),
through mezzanine financing, as well as prepare IPO and introduce them to
stock exchange (including NewConnect).
Recently, she has extended her business experience in the field of
crowdfunding and ICO advisory.
ATTORNEY-AT-LAW
Her key clients range from technological startups, mobile application and computer games creators to AI developers. She negotiates investment agreements with VC/PE funds and helps early stage companies to develop their businesses. She offers legal advice and support with various forms of business financing from issue of shares and debt instruments (bonds), through mezzanine financing, as well as prepare IPO and introduce them to stock exchange (including NewConnect). Recently, she has extended her business experience in the field of crowdfunding and ICO advisory.
GERT VAN ASSCHE
DATA ENHANCEMENT EXPERT
Gert is a veteran innovator in the language services industry, helping companies to invent, build and implement scalable translation solutions for more than 20 years. He is co-founder of Symbyonics, a company focused on improving the efficiency of machine-mediated labour markets while embedding Fair Trade principles at the boundary between humans and machines. Gert is also the Managing Director of Datamundi, a company specialized in measuring the intelligence of neural networks and creating productivity technology on demand.
MADHURI HEGDE
DIRECTOR FOR MULTILINGUAL RIGHTS
Founder and CEO of Mayflower Language Services, India, and with almost 20 years of experience with translation, cross-cultural communication, marketing, software localization and entrepreneurship, in different countries. Madhuri has an excellent perspective of the challenges faced by businesses worldwide – and valuable insights into how they can be overcome. Madhuri works with localization automation, e-learning, entrepreneurship, Artificial intelligence, machine learning, and IoT..
BARTOSZ OSTAFINSKI
CFO at Exfluecy
Bartosz has many years of experience in the realization of comprehensive projects in the field of investment banking, mergers and acquisitions, non-public and public issue of shares and bonds, business valuation, management buyouts and leveraged buyouts, transactions with strategic investors, financial institutions, funds, PE/VC funds and business angels.From the CEO
On blockchain and language“The limits of my language are the limits of my world”
Ludwig Wittgenstein
Why, then, are we not questioning the current way we go about things? At Exfluency™, we believe that the central tenets of blockchain technology – decentralised, transparent, secure and peer-to-peer – make it the perfect platform for tomorrow's language industry. A platform that distributes wealth throughout the value chain; a system that gives control back to those who should have it – those that write and speak the world’s approximately 6,900 languages. x- Wittgenstein’s words ring no less true today, and yet the language industry remains as impotent as ever, managing to convert only the smallest amount of digital content into multilingual content.
On middlemen
The days of passively extracting value for the privilege of sitting in the middle of an exchange between two parties are numbered.
On Shakespeare and Proof of Trust
Shakespeare’s Iago famously said:
Reputation, reputation, reputation: Oft got without merit and lost without deserving!
So true! But, if your reputation is confirmed again and again by your peers and then stored in an immutable ledger, the level of trust that can be placed in you by future clients will be second-to-none.
On iPhones and cryptocurrencies
Twelve years ago, in June 2007, Apple released the first iPhone. In twelve years’ time, working with and for a combination of fiat and cryptocurrencies is going to be as normal as smartphones are today.
On business models
- Ask not what you can do for the business model, but what the business model can do for you.
- If we’re going to replace the commoditisation of translation during the CAT Age, we need to
find a business model that is better in every way:
- Safer
- Faster
- Capable of producing much more content for the same money
- Generating meaningful jobs for professional linguists
- Sharing value along the entire value chain
Business as usual in the 2020s is simply unsustainable. Ask therefore not whether change will come, but when!
On owning the data
We are learning the hard way, but now we know that those who own the data own the future. So, of course, we should all have a share of that data! If translation has an intrinsic value, then that value belongs equally to those that generate it and those that fund it.
