Artificial intelligence is developing at an unprecedented pace, with the global AI market projected to surpass $1.8 trillion by 2030. Advancements in machine learning, natural language processing and other AI technologies are projected to result in a compound annual growth rate of 19.1% for the sector in the 2024-2034 period.
These innovations all require vast amounts of diverse, high-quality training data. However, valuable data is often locked in centralized systems or scattered across multiple isolated platforms, creating one of the greatest barriers to AI development. Concerns over data privacy, ownership and security further exacerbate these issues and deter individuals and organizations from opening up their data sets.
Source: Precedence Research
Itheum aims to solve these challenges by acting as a decentralized data brokerage platform. Its core mission is to turn data into an asset that can be securely controlled, shared, traded and monetized, and its infrastructure for data ownership is decentralized and built on blockchain technology.
Source: Itheum
Itheum also aims to incorporate privacy-preserving technologies such as zero-knowledge proofs and homomorphic encryption. These technologies allow data to be validated and used without being revealed, ensuring sensitive information remains confidential while still accessible for AI training or analysis.
Itheum’s technology is a “horizontal platform,” which enables any industry to leverage it as a Web3-powered AI data platform. However, it’s actively focused on a few high-growth sectors: music, the AI creator economy and video game personalization via AI. Itheum sees these data-rich verticals as having high growth potential.
Source: Itheum
How Itheum works: Technical breakdown and new innovations
One of Itheum’s key innovations is the use of data NFTs, which represent data ownership and licensing rights on the blockchain. These tokens make it possible to bundle, package and trade data on decentralized marketplaces. They provide an immutable record of data…
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