Decentralized Web3 information service Area and Time has tapped into zero-knowledge proof (ZK-proof) know-how to cryptographically confirm info queries inside its ecosystem.
The corporate’s proprietary Proof of SQL permits the platform to generate a SNARK cryptographic proof of a question inside its decentralized information community, permitting customers to belief {that a} information question is correct and has not been manipulated.
Area and Time intends for the service to offer tamper-proof on-chain and off-chain information to blockchain providers, superior computing, artificial-intelligence and enormous language fashions. Area and Time co-founder Jay White informed Cointelegraph that the innovation might show helpful throughout a spread of blockchain-based options together with monetary providers, retail, healthcare and gaming:
“We consider that information will improve the interoperability between the on-chain and off-chain ecosystems, fostering better collaboration between decentralized and conventional techniques.”
Proof of SQL will allow decentralized functions (DApps) to run a question to Area and Time’s information warehouse and create a roll-up of the outcome to a sensible contract. The Proof of SQL ensures trustless, however verified, proofs of knowledge which might be environment friendly and privacy-preserving.
The agency notes that the service might present vital worth to industries the place financial worth is instantly linked to information, with monetary providers a first-rate instance.
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The corporate additionally sees potential within the know-how to confirm that enormous language fashions have been skilled on correct, tamper-proof information. This might grow to be an vital facet as instruments like OpenAI’s ChatGPT grow to be built-in in enterprise processes.
Area and Time’s service features a blockchain information indexing service that options pre-built Web3 APIs that enable DApps to entry real-time information from Ethereum, Polygon, BNB Chain, Sui and Avalanche’s blockchains. The platform additionally integrates with Chainlink oracles and decentralized storage platforms.
Area and Time’s Proof of SQL is at the moment being utilized by credit-scoring blockchain protocol Lendvest. The service calculates an on-chain credit score rating primarily based on a person’s on-chain and off-chain monetary information.
In keeping with Lendvest founder Joshua Gottlieb, Proof of SQL is getting used to show that credit score scores are verified, calculated accurately and related to an accurate pockets deal with.
The system is meant to permit Decentralized Finance (DeFi) lending platforms to algorithmically set up the danger profile of a person, which is aimed toward enhancing returns for each customers and DeFi protocols.
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