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But what is it? And specifically, how does it help all the zillion new AI models training for use right now? DeCC has an important use case for AI protocols. And today, we will find out what it is. Let’s check out the link between Secret’s DeCC and AI in this altcoin.
Why We Need DeCC?
Secret Network is a pioneer in privacy. You already know that. And you also know we need some type of privacy for crypto to get to mass adoption. Pseudonymous just isn’t enough. The ability of someone using a block explorer to see all our transactions is not going to cut it.
And previous solutions were all or nothing. So, of course, governments around the world said we want nothing because they can’t tax your transactions if they can’t find them. In most cases, real 100% privacy is not possible or realistic. So what’s the next best thing? How about you get to decide when, what, and who your data is private for and public for?
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When Altcoin Buzz pays me my salary in crypto, I don’t want that info public. But say I lost a bet to a friend for $50 and I have to pay him in USDT. That doesn’t matter quite as much. And as a bonus, regulators are much more open to the idea that some transactions can be private and others public.
This is Secret Network’s innovation. DeCC. You decide how private your data should be. You decide who sees it. And isn’t that what we want? That we keep the control instead of having it taken away from us. There are some serious implications to innovation like this. Especially for AI. So let’s look into that.
AI & DeCC Together
AI is changing everything. A little bit at a time but it’s happening. And with all these changes, there is one huge red flag presenting itself. Is Microsoft through OpenAI going to use all of our data without permission to train its models? Will we lose control of our data AGAIN? In the same way, we did to Facebook, Google, and Amazon last time?
Sadly, the answer looks like it will be Yes. Decentralized AI becomes successful. One big influence on decentralized AI is the access to the data. As you can see in these examples, a few projects are trying to prevent the huge centralized silos of data we have in Web2.
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And they need ways to let you decide if, how, when, and for how much you will monetize your data. That’s where DeCC comes in. Entire systems around storage, access, and incentives need to come together to prevent the OpenAI protocols of the world from misusing your data for their benefit.
DeCC works so well because Secret is not building out its own AI network. If they were, they might keep this privacy-preserving tech to themselves as a differentiator. Instead, many of the decentralized AI projects like Ora, KIP, Singularity/ASI, and others that you see here commenting about its importance can ALL use DeCC in the ways that work best for their altcoin.
We can see the warning signs everywhere. In Web2 and the Internet, business models just changed one day from offering pay-for access to “free” access in return for your data. This time, we can see it coming and make sure it doesn’t happen. And Secret Network’s #DeCC is at the forefront of the decentralized AI movement. Do you use any AI apps right now either for your work or fun? Let us know your favorites in the comments below even if it’s a Web2 brand.
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AI Needs DeCC
global AI market is about $200 billion. That’s up $60 billion or about 40% from 2022. Its growth will continue without question. And like with the explosive growth of the Internet, for every Linux or Slack, there will be many Pets.com too.
AI crypto market is much smaller but also growing fast. CoinGecko lists it at $31 billion. But AI and crypto need each other. They are made for each other. AI does the task, but then crypto and blockchain can do 2 important things after:
- Digital native payment method.
- Proof of truth. Or verification or provenance. Whatever word you want to use to compare human activity to AI activity.
It doesn’t seem realistic to employ AI agents, especially those doing automation work, and then not find a digitally native way to pay them. I mean what are they going to do? Ping JPMorgan Chase or Barclays Bank for a payment? That won’t go well. We see daily all over the world how banks are not processing payments or withdrawals for people when it’s YOUR money. They certainly won’t pay an AI Autonomous Agent just because they ask.
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You can see these examples on your screen just from Russia, Cuba, India, and Australia. But it’s global. DeCC allows for AI training models to be private. So both individuals & large institutions and enterprises can create proprietary models for business uses. And both can keep sensitive details private. This privacy allows the use of cloud-based computing services or local devices while gaining all of the benefits of AI and large language models.
More About AI & DeCC
Users can employ AI models while protecting their data, controlling what is used, or monetizing that data by sharing it. And even create personal models for private use. And this is only scratching the surface.
A truly decentralized AI ecosystem must employ Confidential Computing to make full-scale adoption possible. AI needs crypto and honestly, crypto needs AI too. Crypto payments for AI services give more credibility to crypto as a payment system outside the USD.
Once you see how crypto and AI help each other, it’s clear how programs like this altcoin can help us get there. Give Secret Network’s DeCC a try today. Some of your favorite apps are already using it so check it out.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by the Secret Network. Copyright Altcoin Buzz Pte Ltd.
