Innovating with Open Ledger: Redefining Decentralized AI

A brief introduction to Open Ledger, led by Polychain: a blockchain revolution

The Open Ledger project, led by Polychain, is a groundbreaking initiative in the blockchain industry that combines AI technology with decentralized networks. The project aims to create a decentralized AI ecosystem where individuals can contribute data, develop AI models, and earn money.

Project Overview

In the dedicated language model track, blockchain technology is utilized to address key issues such as AI data capture, rights confirmation, and incentives. The project has secured a seed round of financing amounting to US$8 million, with Polychain and other institutions leading the investment.

Key Features

Open Ledger distinguishes itself by focusing on dedicated data contributors, dedicated AI model developers, the Open Ledger platform, and dedicated AI applications. Unlike traditional AI models, Open Ledger builds dedicated AI language models (SLM) using exclusive data sources.

One of the core concepts of Open Ledger is "Payable AI," where AI models automatically share profits with data providers and model developers based on their contributions. This incentivizes active participation and ensures a fair distribution of earnings within the ecosystem.

How It Works

The operation of Open Ledger can be divided into several key components:

1. Data source: Datanets: Datanets serve as specialized data markets where individuals and entities can upload data for AI training. The blockchain ensures transparency and accountability by recording data sources and usage.
2. Proof of Attribution: This technology tracks the contributions of data sources and ensures fair distribution of earnings to contributors. Smart contracts facilitate automatic revenue sharing based on the records.
3. Payable AI: Open Ledger aims to turn AI models into profitable assets by enabling automatic fee distribution to data contributors and model developers. The blockchain guarantees transaction transparency and fair profit sharing.
4. OpenLedger decentralized network: Instead of centralizing data and computing power, Open Ledger utilizes a decentralized blockchain network to ensure data security and prevent monopolization.

Challenges Addressed

Open Ledger tackles several key challenges in the AI industry by leveraging blockchain technology:

1. Data transparency: By recording data usage on the blockchain, contributors can be fairly compensated for their data contributions.
2. Decentralization Risk: Open Ledger prevents monopolization of AI data and models by empowering users to participate in the network.
3. Reward Distribution: The Payable AI model ensures that all contributors receive a share of the profits, motivating active participation.
4. Diverse AI Models: Open Ledger's focus on specialized language models allows for the creation of niche AI solutions that cater to specific needs.

Conclusion

The combination of AI and blockchain technology in the Open Ledger project presents a novel approach to developing dedicated AI models. By promoting transparency, fair compensation, and decentralization, Open Ledger paves the way for a more inclusive and collaborative AI ecosystem.

For those interested in participating in the Open Ledger testnet mining, the link is available here. Take the opportunity to explore this innovative platform and contribute to the future of AI development.