Prove AI transitions to Hedera to improve AI governance through secure, tamper-proof training data management.
Prove AI AG, a provider of AI governance solutions, has announced a strategic transition to develop its flagship product on the Hedera network exclusively. This transition aims to enhance the governance of AI by ensuring the unquestionable, secure management of AI’s training data. The decision is made as the use of AI increases, resulting in a greater emphasis on compliance and governance.
The platform will equip organizations with the tools to automate compliance, administer multi-party access to AI training data, and maintain an auditable, tamper-proof data store.
Prove AI is launching on Hedera to provide secure AI training data
Confirm that AI developed the platform on the Casper blockchain network, previously known as Casper Labs. The company, however, elected to relocate to Hedera because of its enterprise-grade blockchain solution and decentralized governance.
A council of up to 39 prominent institutions, including Fortune 500 corporations, universities, and non-profits, governs the Hedera network.
Mrinal Manohar, Prove AI’s CEO, stated that organizations require increased visibility and control over the data fed into their AI systems.
“Manohar stated that Hedera’s demonstrated commitment to establishing a dependable, blockchain-based network for enterprises is consistent with our vision at Prove AI. He also mentioned that Prove AI can now utilize Hedera’s capabilities to automate compliance for AI solutions and issue tamper-proof credentials…”
Guaranteeing Adherence to Artificial Intelligence Regulations
Businesses are actively pursuing solutions that guarantee adherence to emerging standards, including the EU AI Act and ISO 42-1, in response to artificial intelligence’s growing global regulatory scrutiny. Demonstrate that the AI platform will automate critical compliance checks, including monitoring whether artificial intelligence systems expose users to high or impermissible levels of risk.
Prove AI offers transparent governance of AI datasets and real-time data auditing by utilizing Hedera’s public-permissioned blockchain model.
Additionally, organizations implementing Prove AI will be capable of securely managing and revoking access to AI training data while maintaining an immutable record of all modifications. This guarantees regulators’ accountability and fosters trust among end users.
The tamper-proof nature of the platform, which is facilitated by Hedera’s technology, will assist businesses in avoiding potential compliance risks and enable them to scale their AI operations responsibly.
Hedera’s Contribution to the Governance of Artificial Intelligence
Hedera’s governance has been decentralized, and this, in conjunction with its low transaction fees, suggests that it may be a viable option for the governance of enterprise-level AI solutions. Prove AI was warmly welcomed into the Hedera ecosystem by Charles Adkins, President of Hedera, who underscored the importance of risk management in light of the growing adoption of AI.
“Prove AI brings a level of trust to artificial intelligence systems through its immutable database, which aligns with our mission to provide a secure foundation for enterprises,” Adkins said.
In the future, Prove AI intends to assist companies by providing traceability of AI training data to encourage the appropriate use of AI in business operations as it advances with its AI governance platform on Hedera.
Hedera’s native token, HBAR, experienced a minor decline of 2.14% following Prove AI’s announcement. The token was trading at $0.052193 and had a 24-hour trading volume of $47 million.
In the meantime, Canary Capital initiated the first HBAR trust in the United States earlier this month, which sparked speculation regarding the potential for a Hedera ETF. This action is anticipated to further solidify Hedera’s market position by attracting institutional investors.
