Language Information Communication Chain (LIC) held its first workshop on 31 Aug 2018. Dr Peggy Peng, the founder of LIC, shared her motivations for the invention of LIC. The LIC is created to break down the barriers of language so that information and knowledge could flow fluently to everyone.
“The value of language is created through information transmission and communications,” said Dr Peng.
Currently, the industry of translation is dominated by centralise agency who takes up to 70% of commission out of the amount earned by the translators that do the actual work. Moreover, at times translators who are employed as freelancers do not get paid for their work. Dr Peng find that the value of money has undermined their knowledge and beauty of language. Therefore, LIC aims to incentivise the community of translators through tokens and smart contract to ensure that all translators are paid. The first public communication chain also incorporates the use of machine learning in the system; when the translator translates an article, the machine would learn the words and style used by the writer and create an artificial imprint of him on the chain. The translator would then be ranked by their knowledge and depth of translation to boost healthy competition within the community.
During the interview, Dr Peng assured that the creation of artificial intelligence (AI) would not take away the jobs of the translators. AI will assist the translators in translating similar articles and promoting productivity. As a result, the translators would be able to take on more assignments.
There are many translation platforms on the market, but what sets LIC apart from the competition is in its precision. LIC hires writers from different industries who are well-versed in the jargons of the trade to ensure that the information is transferred accurately.
Doctor Peng ended the workshop with a closing speech about her views on the value of knowledge hidden by language barriers:
“As a Chinese immigrant myself, I saw many immigrants from India and China who have abundant knowledge in various trades but could not freely express themselves due to langauge barrier. Thus, they took on jobs that do not showcase their true ability. The main goal of LIC is to help this community to rise and reveal their talent to the world. I strongly believe that to succeed in anything there are two criteria: one is to build a product in accordance to the current trend and second is to serve the community.”