Blockchain
Aizel joins the peaq ecosystem to make AI secure and verifiable
peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as Aizel Network joins to transform the AI industry with Web3. Aizel is building a DePIN for running secure, private, and verifiable machine learning models leveraging a variety of technologies to give people more insight into what’s happening under the hood of various AI-powered apps and services. In the longer run, the integration may pave the way for more AI use in critical industries which need utmost transparency and verifiability for their models.
As the AI industry continues to bask in the public spotlight, some of its key flaws prompt uncertainty about just how far the boom could go. The sector’s appetite for electricity is gargantuan, estimated to match that of entire countries like Argentina or Sweden in the years to come. On top of that, security researchers are already exploring various ways of tampering with models and their outputs, which may lead to dramatic consequences in real-world scenarios, from a self-driving car causing an accident to an institutional-grade trading bot crashing an entire economy.
Aizel is building a DePIN for making AI computations trustless and verifiable. It makes every inference — the processing of a specific input by a trained model — more transparent by combining it with a cryptographically-secured set of metadata. The metadata can include the specific model used to produce the output and any other variables, such as the amount of electricity the process had consumed. Aizel taps multi-party computation and trusted execution environments (secure CPU and memory areas) to protect the outputs from tampering. As a result, the user always knows what model produced the output to a desired query, making for more secure and transparent AI applications — without the kind of scaling constraints that comes with using zero knowledge computation for trustless AI.
Tapping the home of DePIN as its layer-1 backbone, Aizel will leverage the peaq SDK to make its network compatible with peaq. As part of the integration, it will deploy the smart contracts powering its core logic, including uploading AI models and user inputs, on peaq. Finally, it will set up a cross-chain module, further connecting its network with peaq, and issue a certain percentage of its token supply natively on the home of DePIN.
“Most of today’s AIs run as closed-off black boxes offering the users little to no insight into what model they are actually interacting with, and how this model produces its insights,” says Jeremy, co-founder of Aizel Network. “This naturally limits their applications in business and beyond. Aizel unlocks verifiable AI for everyone — and peaq’s powerful fundamentals, Modular DePIN Functions, and a vibrant DePIN ecosystem make it the perfect home for that.”
“To call AI a promising industry would be an understatement of how world-changing it is,” says Till Wendler, co-founder of peaq. “But to live up to its full potential and unlock new use cases, it needs transparency and verifiability. Aizel taps the Web3 stack to make that happen, and we’re excited to see it tap peaq as its layer-1 backbone for this important mission.”
The post Aizel joins the peaq ecosystem to make AI secure and verifiable appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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