Discover how the convergence of AI and blockchain technology revolutionizes data privacy, ushering in a new era of secure and transparent data management.
During the past several years, Web2 users have posted billions of pieces of content on social media platforms and similar services. They have almost no say in what happens to their data after it is incorporated into AI systems.
Due to a lack of control over AI-driven automated processes, most users and companies remain oblivious to their data’s destination after processing.
However, the blockchain’s merge with AI may be a unique method that gives users better control of their data and identities. This can probably be a solution to revitalize data privacy and ownership.
On August 28, Matchain released its decentralized AI-based blockchain. It aims to solve the issues of privacy and self-ownership of AI by integrating decentralized identifiers (DIDs) and verifiable credentials into its design.
This strengthens security and enables users to control their identifiers fully. They are core to MatchID, Matchain’s data aggregator that solves identity issues on multiple blockchains.
According to Petrix Barbosa, CEO of Matchain, it is a new chapter for the whole blockchain industry. He claims that while AI is one of the most significant inventions of this century, the combination of the two is revolutionary.
Blockchain provides great security and data immutability, eliminating middlemen, while AI increases scalability and privacy safeguards.
Barbosa underlines that blockchain is user-centric. It allows people to save private data in self-owned accounts and gain control of their digital lives.
Matchain is not the only firm looking to use AI and blockchain to transform the world. Other self-publishing companies like Warden and Booksie are pursuing similar goals.
