Blockchain-based Platform Aims to Democratize Data Management with AI and Crypto Incentives
A Chinese-based blockchain-based platform is hoping that its business model will end the control that major companies have over data management.
In our age of digital evolution, data has become a precious commodity. However, it appears that major companies like Facebook have unprecedented access to it. CNBC reports that a platform based in China wants to change this and drastically loosen the iron grip that these corporations have on data.
Leveling the Data Management Playing Field
While China’s relationship with the crypto industry can be described as tenuous at best, it hasn’t stopped innovators in from embracing disruptive technology. One such person is Xin Song, the CEO of Bottos. The blockchain-based platform is using AI technology to allow it to create a digital marketplace for data trading. People or entities sharing their data will be rewarded in cryptocurrency.
Xin states that Bottos is “… trying to break the data monopoly situation currently”. He explained:
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