KIP and Privasea Align to Strengthen AI Data Ownership, Connectivity, and Monetization
We are pleased to announce our partnership with Privasea, a protocol that provides fully homomorphic encryption (FHE) specifically for machine learning (ML), catering to both Web2 and Web3 users.
Privacy over AI data is crucial in Web3 because it ensures user data remains secure and confidential, preventing unauthorized access and misuse. This fosters trust, encourages data sharing, and supports decentralized applications by protecting sensitive information while enabling transparent and fair data monetization.
Elevating AI Data with Privacy
The Privasea AI Network prioritizes data privacy and security during AI computation by using FHE. This technology allows computations to be performed on encrypted data, ensuring that sensitive information is processed without exposure or leakage. This approach aligns perfectly with our mission to convert knowledge and data into economic assets.
This partnership aims to redefine data ownership and privacy in Web3 and AI. By combining KIP Protocol's transparent accounting and revenue-sharing infrastructure with Privasea's privacy-focused data control and marketplace features, we are creating a secure, privacy-preserving environment for all stakeholders.
Optimizing Privasea's Monetization with KIP
As the Web3 base layer for AI, KIP Protocol enhances Privasea's capabilities in ownership, connectivity, and monetization. With KIP’s on-chain micropayment infrastructure, Privasea’s users can seamlessly trade inference and data with AI components owned by other ecosystem participants, settling those trades in a permissionless manner. KIP's transparent accounting and revenue-sharing mechanisms ensure fair compensation for all data contributors
KIP’s gas-optimized token-gating also enables full connectivity and functionality of AI assets on-chain through trustless NFT and SFT-powered selective access, all while minimizing on-chain fees.
A Shared Vision for Decentralized AI Innovation
This partnership reflects our vision for a future where decentralized AI and Web3 technologies thrive with strong privacy protections and fair monetization strategies.
Julian Peh, Co-Founder and CEO of KIP Protocol, stated: "We're committed to dismantling monopolistic barriers in AI data monetization. Partnering with Privasea allows us to pioneer a transparent, secure, and equitable environment that will revolutionize AI development and deployment while preserving privacy for all contributors."
David Jiao, CEO of Privasea, expressed: "Our alliance with KIP Protocol is a significant stride towards democratizing data access and ensuring fair rewards for contributors. Together, we are expanding both our ecosystems where quality AI data is accessible, private, and fairly compensated."
As we embark on this collaborative journey, we invite the community to join us in shaping a more secure, transparent, and innovative future for AI and Web3. Stay tuned for more updates and developments as we continue to explore the vast potential of decentralized AI.