Privasea AI Network presents a pioneering remedy to the issues linked with data privacy in the artificial intelligence domain. The testnet introduces a cutting-edge structure that effortlessly merges Fully Homomorphic Encryption (FHE) with blockchain-driven incentives, tackling the increasing worries surrounding data privacy and meeting the escalating need for cooperative AI computations.
Backed by Binance Labs, this inventive startup is committed to building a decentralized privacy computing infrastructure. These solutions are customized for users operating in both web2 and web3 settings, with a particular focus on tackling machine learning (ML) scenarios.
Core Features
- Data Value Circulation: Instead of sharing the raw data, Privasea system facilitates data value circulation. Fully Homomorphic Encryption (FHE) enables the secure sharing of encrypted data calculation results within the network while ensuring data ownership remains with the users.
- Easy Deployment: Their solution can be seamlessly integrated into various Layer 1 (L1) and Layer 2 (L2) blockchains or infrastructure ecosystems like Chainlink, Greenfield or Filecoin. The incentive tokenomics aspect can be adapted to different chains for smooth deployment.
- Lower Gas Fees through Decentralized Computation Power: By leveraging decentralized computation power, Privasea significantly reduce gas fees for users when they submit FHE machine learning assignments to our network. Miners are incentivized through long-term value on the token aspect rather than direct GPU cycle cost calculations.
Traction
- Privasea embarked on the path of open-sourcing our FHE library, making it accessible to a wider community. Notably, their efforts garnered recognition from the OpenFHE team, leading to their invitation for them to merge and contribute their innovations to their open-source repository.
- Privasea AI Network builds on BNB Greenfield as a SP, merging privacy-preserving tech with innovative blockchain storage. Experience unparalleled data security, control, and Web3 evolution.
- For TON Eco-System Privasea offers a privacy protection infrastructure for TON based on Fully Homomorphic Encryption (FHE). In specific, it incorporates a built-in biometrics-based FHE authentication model to assist Telegram users in verifying their identities securely, granting access to specific services.
Token Utility
Tokenomics