Introducing Open Mined: decentralised AI

Abstract

The article discusses a new project called Open Mined that proposes to decentralize artificial intelligence by leveraging blockchain technology. Its goal is to enable individuals to sell their data securely, in an encrypted manner, without compromising their privacy. The data is used to train AI models, and compensation is automatically determined based on the contribution of the data to the model’s accuracy. This novel approach addresses the challenge of data scarcity for smaller entities and raises concerns about the lack of privacy and control over data in current centralized AI systems. – AI-generated abstract.