Privasea, a newcomer in the DePin + AI track, is jointly led by Europe and Italy and Binance, and has become the first Proof of Human application on Solana.
What is Privasea?
Privasea is a decentralized artificial intelligence network that enables the circulation of data value through FHEML. The Privasea network uses FHE technology to provide data privacy and security, and uses AI and distributed network architecture to allow complex data processing and analysis while keeping the data fully encrypted. This means that users can perform machine learning and other advanced calculations without exposing the original data, which is impossible in traditional cloud computing and subverts privacy computing.
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The Privasea platform uses several advanced FHE schemes, such as TFHE and CKKS, which provide high data privacy protection while ensuring computational accuracy and efficiency. Among them, the TFHE scheme supports fast bit operations within a single instruction cycle, while the CKKS scheme optimizes the ability to handle floating-point numbers, allowing Privasea to effectively support a variety of complex scientific research and commercial applications, such as financial analysis, medical data processing, and machine learning tasks.
In addition, Privasea has implemented a highly scalable distributed computing network, Privanetix. This network consists of multiple computing nodes, each of which can perform FHE operations and provide the necessary computing resources. This distributed architecture not only enhances the processing power of the platform, but also improves the redundancy and fault tolerance of the system, ensuring high availability and reliability of services. This integration of AI and distributed networks allows Privasea to handle advanced AI tasks such as deep learning, pattern recognition, and machine learning, which usually require huge computing power and high data protection. For example, users in the healthcare industry can use Privasea to securely analyze patients' sensitive data, predict diseases, and optimize treatment plans without worrying about violating data protection regulations.
Privasea AI Network Advantages
1. Confidential Machine Learning Inference:
Revolutionizing the machine learning inference process.
Perform reasoning in ciphertext space using secret datasets.
Enhancing privacy and security of AI computing.
2. Cutting-edge architecture:
Seamlessly integrate FHE with blockchain-based incentives.
Address issues related to data privacy.
Meeting the growing demands for collaborative AI computing.
3. Data value sharing:
Allow users to share data value and insights rather than raw data.
Mitigate privacy risks associated with traditional data sharing methods.
Promote collaboration and knowledge exchange.
4. Token incentives through smart contracts:
Incorporates token incentives managed by smart contracts.
Standardize miners' gas fee model and staking.
It adopts a hybrid proof-of-work (POW) and proof-of-stake (POS) mechanism.
Ensure a safe and efficient processing environment.
5. Privacy and Security Commitment:
Provide users with powerful tools to exploit distributed computing power.
Maintain full control and confidentiality of your data and models.
Provides a secure and private AI computing experience.
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Project Team and Financing
David Jiao is the founder and CEO of Privasea. Previously, he was the co-founder and CEO of NuLink and a system designer at Volvo Car Group. He holds a bachelor’s degree in computer science from Beijing University of Posts and Telecommunications.
Zhuan Cheng is the co-founder and CTO of Privasea and CTO of NuLink. He was previously the CTO of MAP Protocol. He holds a bachelor's degree in mathematics from the University of Science and Technology of China and a doctorate in applied mathematics from the Illinois Institute of Technology.
Privasea has completed two rounds of financing:
1. On March 4, 2023, it completed a seed round of financing of US$5 million at an unknown valuation;
2. On April 3, 2023, strategic financing was completed, and the financing information was not disclosed.
The main investment institutions include:
Binance Labs, OKX Ventures, Gate Labs, MH Ventures, NxGen, etc.
Privasea Token Status:
Project name: Privasea
Token Name: PRVA
Total number of tokens: 1 billion (initial circulation 7.5%)
Launch time: Expected to be in the third quarter of 2024 Expected listing: Binance or OKX
Project official website: https://www.privasea.ai/
Official Twitter: @Privasea_ai
AI + web3 has become an investment target that cannot be missed in 2024 in the eyes of many people. As an emerging technology, FHE has the advantage of performing complex calculations in an encrypted state and has received more and more attention and investment. Therefore, Privasea has received both Binance and OK Investment, as the demand for privacy protection in AI models increases, FHE will become the dominant technology in the field of privacy protection in the future, so the potential of depin+AI's Privasea is still huge.
