Block the Web3 device to restore privacy

Digital creators on Web2 platforms have spent years producing massive amounts of content. Now, with the advent of accessible artificial intelligence, these same individuals and companies have new tools to drive business and productivity.

But what goes in must come out – so what happens to all the data these users are feeding into the AI?

But the truth is, most users and companies don't know or have a choice about how and where their data goes once they've logged into an artificial intelligence system.

However, a decentralized AI blockchain can solve this problem, putting data and identity sovereignty in the spotlight. Industry insiders call it “accurate data at scale” for AI and point to blockchain as a solution.

AI-based blockchain

Matchain announced on August 28 that it is pursuing this goal by launching a decentralized AI-based blockchain mainnet.

The platform seeks to bridge the gaps created by AI in data privacy and user autonomy by using decentralized identities (DIDs) and verified credentials – technologies that improve security and privacy.

DIDs allow users to manage their digital identities independently of centralized authorities, while verified credentials are a secure mechanism that allows users to share their data only with express permission.

These innovations are a core component of MatchID, the Matchchain data aggregator that simplifies digital identity management and facilitates seamless interoperability between multiple blockchains.

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Matchain CEO Patrick Barbosa called it a “new chapter” for the broader blockchain community.

Barbosa explained to Cointelegraph that while AI is “undeniably one of the most important technological developments of this century, blockchain will also be transformative.”

“The combination of AI and blockchain is particularly powerful. Blockchain removes intermediaries, provides a secure and immutable environment for users and decentralized applications (DApps), while AI enhances our ability to control and protect data, privacy and security at scale.

Data by users for users

Matchchain's AI-driven approach to data interaction has enabled it to create an AI layer-2 package on BNB Chain, creating a cross-chain and cross-platform solution. This allows users to merge their identities and manage their data with greater sovereignty.

Barbosa says blockchain is a priority aspect for the user.

“Blockchain puts users, customers and communities first, ensuring a frictionless experience. Using blockchain, individuals can store personal data in self-storage accounts, allowing AI models to generate accurate user profiles and define their digital footprint and economic value.

He pointed out that this would shift control from data companies to individuals, allowing them to “take control of their digital lives and be compensated for it.”

“This is the future of the Internet – where people get the power.”

Matchchain is not alone in combining AI's head with blockchain's brain, a duo that is emerging as a sustainable pairing for users and developers.

Sovereign AI enforcement network Warden recently unveiled its AI product Artificial Intelligence Blockchain Interface. This new interface is designed to provide developers with seamless solutions for integrating AI into their applications.

Companies like Bookcy say blockchain and AI will revolutionize the self-publishing industry, allowing indie authors to regain control of their work and access valuable information.

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