Startups Use Blockchain to Democratize Artificial Intelligence
To that end, “several startups are setting up blockchain-based marketplaces, where people can buy and sell data,” and the Berlin-based Ocean Protocol is “building the infrastructure so that anyone can set up a marketplace for any kind of data, with the users of data paying the sources with digital tokens.” These marketplaces will not have the data — unlike Facebook and Google — but “will just be places for people with data to meet, ensuring that no central player can access or exploit the data.”
“Blockchains are incentive machines,” said an Ocean Protocol founder Trent McConaghy, who noted that the goal is to “decentralize access to data before it’s too late.”
Personal data privacy is one of the biggest worries around Facebook, Google and their ilk’s data collection. In the Oasis blockchain network, which Song is working on, “all data moving through the system will be locked into encrypted bundles.”
See the full story here: http://www.etcentric.org/startups-use-blockchain-to-democratize-artificial-intelligence/