AI-Blockchain Platform Creates Digital Assets From Personal Data

Published at: July 17, 2020

Artificial Intelligence (AI) specialist Kneron announced the launch of its KNEO platform on July 16, combining edge AI devices with blockchain technology to create secure and private personal networks.

The Kneron Neural-network Edge-AI Open platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them.

Blockchain-connected sensors create private network

KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones and thermal sensors.

The term “edge AI” refers to systems which process algorithms locally, rather than sending data for remote processing. This means that KNEO does not require an internet connection, and all data collected is encrypted and secured on an individual private network.

Stems can be controlled by a central app and connect to enhance each other’s capabilities as they work together and share data.

Marketplace to sell custom apps and collected data

Kneron has also introduced an edge AI marketplace on Google Play and iOS to encourage the open-source community to develop applications which update, alter or combine edge AI devices to perform specific tasks.

Potential use cases include monitoring home energy usage, health and preventative care, car maintenance, home security and many more.

The marketplace will also connect consumers to corporations who want to buy or use their blockchain-enabled data in digital asset form. Driving data collected over a year may be exchanged for discounted automobile insurance, or shopping, lifestyle and consumption data may be sold to advertisers, brands or market researchers.

Education is key

KNEO will also form a core part of AI education in universities. Major universities in the United States, Taiwan and Hong Kong already use Kneron’s technology in courses on AI development.

Developers and hobbyists can start building apps with just a KNEO stem and a Raspberry Pi.

Artificial intelligence has been around as a concept for a hundred years, although recent developments in networking, processing performance and storage have seen a slew of practical improvements.

The combination of AI and blockchain to create secure private consumer AI networks marks  a convergence of two of the most touted technologies for the future.

Tags
Technology
Blockchain
Business
Ai
Related Posts
How Blockchain Tech Is Revolutionizing Traditional Lotteries
In today’s evolving business world, industry leaders across the globe are turning to blockchain technology to revolutionize their respective industries. Although blockchain is still a relatively new concept, a growing number of companies are now investing in it. Blockchain has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency and low costs. One niche area that could be poised to benefit greatly from it is lotteries. Problems with traditional lotteries Although many global economies were soaring prior to the COVID-19 pandemic, the inefficiencies of mature industries can still be addressed by implementing blockchain technology. The …
Technology / May 28, 2020
Meet the blockchain that could save the global trade sector billions
A decentralized communication hub is delivering DeFi for digital supply chains — eliminating the time consuming and complex processes that are associated with keeping businesses running smoothly and safely. Obortech is creating infrastructure known as the Smart Hub, allowing key players at every point of a supply chain to share information and collaborate through easy-to-use mobile and web interfaces. All of this can help deliver efficiencies that are crucial for companies running on razor-thin profit margins, and deliver verifiable product traceability from end to end. This cutting-edge approach means that documents can be exchanged through a tamperproof, joined-up system. Smart …
Decentralization / May 4, 2021
Yes, robots will take our jobs — But that’s okay
Across numerous industries throughout the decades, there has always been a pervasive fear that robots are going to take our jobs. While there has been plenty of evidence that automation ultimately moves human workers off production lines, automation often needs human interaction in order to operate within acceptable margins. When we think of these robots taking our jobs and get angry, we’re holding on to an antiquated task view of the world that, with or without us, is going to change. When we think about robots taking our jobs, we layer on a vision of humanoid androids literally doing the …
Technology / Nov. 14, 2020
Tech transformation: Don Tapscott’s ‘Platform Revolution’ book review
Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply chain management. It was also during 2016 that author Don Tapscott wrote and published Blockchain Revolution, a book that examines the way that blockchain will transform a number of industries. Following the release of Blockchain Revolution, Tapscott — who is also co-founder of the Blockchain Research Institute — published Supply Chain Revolution in August 2020. Given the timing of the book’s publication, Supply Chain Revolution detailed the way the COVID-19 pandemic exposed glitches throughout supply chains across the world, …
Adoption / Nov. 28, 2021
AI will help realize the true vision the Metaverse hopes to achieve
The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out? We’re a long way from seeing a true metaverse Many of the metaverse projects that have been launched are in the world of gaming. However, more often than not, these projects simply consist of standard gaming features combined with virtual reality …
Adoption / July 10, 2022