Partnership Announcement – DataUnion
Openfabric has officially agreed to partner with DataUnion Foundation, the data sharing platform that is developing an innovative data and AI insights ecosystem.
This partnership will make it easier for innovators and consumers to easily access and use data in their products using the Openfabric platform.
About DataUnion
DataUnion is developing an expansive ecosystem of data collaborators with the aim of creating a new data economy and improved collaborative AI insights. A DataUnion is a community of data creators, curators, and users that co-develop, co-own, and co-govern datasets and algorithms. This network is enriched by employing a joint governance model, which will be enhanced in the future by the DataUnion Ecosystem Token.
DataUnion Foundation launched its ecosystem with the aim of connecting data partners with its DataUnion-as-a-Service platform. This means that data can be traded for value via a range of applications including image anonymisation and analytics, robotic computer vision, predictions, health record sharing, and blockchain analytics.
The platform is creating a network of DataUnions around the world that allow individuals, organisations and companies to work together to upload, annotate and verify data, creating enriched data, that in turn, is used to create, train, and improve more sophisticated Artificial Intelligence models.
DataUnion Foundation’s long-term vision is to become a complete chain-agnostic hub where users across multiple chains can access data sharing and ownership opportunities. It aims to extend its unions to play-to-earn, micro-tasking, and many other Web3 earning possibilities.
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What Does This Partnership Entail?
We both share the same vision. Big tech companies are harvesting data from the world and getting all the value from the AI created. We want to turn this around.
With a decentralized blockchain, large amounts of encrypted data can be securely harvested, and AI-based algorithmic processing is logged on the blockchain itself. This simultaneously solves data storage, processing, and provenance needs for unleashing the potential of AI. Instead of the constraints of an isolated, rigid, and centralized AI system, decentralized AI provides:
- Robust governance
- Scalable storage
- Lower-cost and efficient execution
- Data provenance, privacy, and ownership
- A trustless ecosystem
Partnering with DataUnion ensures that the vast amount of data required for training and testing AI algorithms is distributed. Data is the necessary first step to achieving innovation and growth and pairing DataUnion with Openfabric provides customers with a powerful platform to work their magic with AI.
If you have access to the data, the possibilities for growth are tremendous. With its power, you can help shape a better future. The DataUnion – Openfabric partnership helps you in this direction by fulfilling the necessary requirements for producing impactful AI products.
Message from the Leadership
DataUnion Foundation CEO, Robin Lehman commented on the partnership:
“We are working on DataUnions-as-a-Service to enable DataUnions in all data verticals. But we also understand that data itself is only the first step to maximize the value we want to share with the contributors and unions – joining a decentralized AI platform like Openfabric allows all insights that are created from DataUnions to be used for AI applications. This is an exciting step for us and for our Unions!”
On this occasion, Andrei Tara, CEO of Openfabric, expressed the following:
“Openfabric is focused on helping people create a better future powered by data and utilizing AI technology. An open, transparent marketplace is the best way to access these tools. We look forward to working together with the DataUnion team in building decentralized AI platforms.”
More About Openfabric
Openfabric provides AI as a service, it leverages blockchain technologies to ensure execution scalability and eliminates vendor lockup. It is not just a platform for developers or techies but the beauty of the system is that it brings the power of AI to the hands of anyone who desires to use it. Openfabric enables you to benefit from the data economy by providing you with AI tools to understand your audience in a far better way than was possible before.
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