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Fetch.ai, a machine learning-based blockchain platform, has rolled out an end-to-end encrypted file-sharing platform dubbed DabbaFlow, facilitating and accelerating the potential of data sharing securely.
Per the announcement:
“Advanced data-sharing and privacy-preserving technologies are ushering in a new era of data monetization. Fetch.ai’s first addition to its CoLearn ecosystem, DabbaFlow, empowers individuals and companies to take more control over their data and turn them into real business outcomes while keeping their data private and secure.”
Therefore, Fetch.ai sees DabbaFlow as a stepping stone towards making data auditable, verifiable, and secure because it is powered by blockchain technology.
Since data is the new oil, Humayun Sheikh believes refineries and rigs that keep up with the times are needed.
The founder and CEO of Fetch.ai added:
“People are beginning to understand how valuable their data is, and with the paradigm shifting towards more secure and decentralized solutions, new business models are emerging. DabbaFlow is here to provide the data management tools to create powerful AI models that are relevant to a distributed web.”
Data transfers are primary for running a business in the new digital era. As a result, the amount of data shared online has increased exponentially.
Nevertheless, data breaches have become widespread, causing privacy and security threats that have tarnished business reputations.
Therefore, DabbaFlow seeks to bridge the gap through encryption and decentralization for enhanced data management and monetization. The report noted:
“People are beginning to understand how valuable their data is, and with the paradigm shifting towards more secure and decentralized solutions, new business models are emerging. DabbaFlow is here to provide the data management tools to create powerful AI models relevant to a distributed web.”
Fetch.ai has been revamping different ecosystems using blockchain technology and artificial intelligence. For instance, it partnered with Resonate to offer its users a personal AI-powered, decentralized and trusted social media experience, Blockchain.News reported.
Image source: Shutterstock
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