What is speech recognition?

Speech recognition is the process of enabling a computer to identify and respond to the sounds produced in human speech.
You talk to you computer or smartphone or smart device, and the machine uses your input to trigger an action. Siri is uses speech recognition, as does Microsoft's Cortana and Google Assistant.

Speech recognition Systems use powerful statistical methods in order to train their AI engine. Most known are neural networks and hidden Markov Model.

Hidden Markov Models provide a simple and effective framework for modelling time-varying spectral vector sequences.

Application of Speech Recognition

Control and Freedom:

You can control various devices like your smartphone or car with your voice. For example "start bluetooth" or "call mon" or if you have a smart car you can ask for directions like "go to the office" and it will calculate the most efficient route to work.
Here is a funny example(Audi A4 2016 Model):

Voice transcription:

Are many areas where people have to type a lot; like business meetings or courts, here Speech recognition would be of great help. Also imagine you are busy or driving and you need to write an E-Mail ASAP. You could use your phone to dictate an email and send it.

ANRYZE

Anryze aims to bring to market the first speech recognition platform on blockchain. They already have the beta product and their aim is to help people and companies to transcribe sound without the need of a 3rd party like google and amazon(2 of the biggest player in this industry). They are using neural network to train their Speech Recognition Engine.

Here is a snapshot of their idea:

source - whitepaper

They already have 5 important clients. Few ICO's have clients already and a tested beta with positive feedback from the industry:

Market

Market is huge. Evaluated at 51 Billions in 2015 with a expect grow of around 10% yearly

Anryze has the chance to become one of the leaders being one of the first Speech Recognition Platforms on Blockchain.

Team:

ICO

The ICO will take part in 15 hours and the toke price will be 0.02 USD, which is a steal. Token is based on waves platform.
Minimum funding target is 1.6 million USD and maximum is 6 million USD. In case the minimum target won't be achieved money will be refunded.
More to the ICO https://tokensale.anryze.com/