Itheum’s Role in Addressing Data Needs of the AI Era
Introduction
The world is witnessing an unprecedented pace in the development of artificial intelligence (AI). According to recent projections, the global AI market is expected to surpass $1.8 trillion by 2030, with a compound annual growth rate (CAGR) of 19.1% for the sector from 2024 to 2034. These innovations 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.
The Challenges of Data Sharing
Concerns over data privacy, ownership, and security further exacerbate these issues and deter individuals and organizations from opening up their data sets. This has significant implications for the growth and adoption of AI technologies.
Itheum: A Decentralized Solution
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. Itheum’s infrastructure for data ownership is decentralized and built on blockchain technology.
Addressing Data Privacy Concerns
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.
A Horizontal Platform for AI Development
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.
How Itheum Works: Technical Breakdown
Itheum’s key innovation 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 provenance, ownership, and transaction history.
Aggregating Data through Coalition DAOs
Itheum’s Coalition DAOs allow users to contribute their data sets and earn rewards in the form of Itheum tokens. These tokens can be used to purchase additional data sets or participate in data sharing agreements with other users.
Encouraging User Engagement
Itheum aims to attract diverse users, from individual data creators such as gamers, musicians, and AI content creators to large enterprises and AI developers. These users will be incentivized to provide data sets through Itheum’s system of BiTz XP points and its native ITHEUM tokens.
Ecosystem and Market Strategy
Itheum’s ecosystem is designed to facilitate the creation of more valuable data NFTs by encouraging user engagement and participation. The platform will utilize an omnichain structure, leveraging the unique features and capabilities of different blockchain networks to drive innovation and growth in the gaming and AI sectors.
Conclusion
Looking ahead, Itheum intends to continue building and strengthening partnerships with industry leaders such as Sony and the Astar Web3 incubation program to create innovative use cases in AI and gaming. The upcoming launch of its Gamer Pass portal alongside additional data NFT drops will help onboard more users and strengthen Itheum’s position in the gaming sector.
Risk Disclaimer
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
