The Good Tech Companies - Blockchain Security Meets AI: OpenLedger Secures $6B Infrastructure Deal for AI Development

Episode Date: December 17, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/blockchain-security-meets-ai-openledger-secures-$6b-infrastructure-deal-for-ai-development. OpenLedger has partnered with [Ether.fi] to strengthen its network security through a $6 billion infrastructure agreement. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #openledger-news, #openledger-announcement, #openledger, #blockchain, #dlt, #cryptocurrency, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. OpenLedger has partnered with [Ether.fi] to strengthen its network security through a $6 billion infrastructure agreement. The partnership connects OpenLedger's AI development platform with [ Ether.Fi)'s restaking system, bringing enterprise-level security to decentralized AI development. The integration allows developers to work with AI models and data sets in a secure, decentralized environment.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Blockchain Security Meets AI. OpenLedger Secures $6 Billion Infrastructure Deal for AI Development by Ashan Pandey. OpenLedger, a blockchain platform focused on AI development, has partnered with Ether.fi to strengthen its network security through a $6 billion infrastructure agreement. The partnership connects OpenLedger's AI development platform with EtherFi's restaking system, bringing enterprise-level security to decentralized AI development. This collaboration comes at a key moment in OpenLedger's growth as the company prepares to launch its testnet for AI model development. The timing ISP articularly relevant following OpenLedger's recent $8

million funding round, which saw participation from Polychain Capital and Borderless. The partnership addresses a fundamental challenge in AI development. How to maintain security while processing large amounts of data across distributed networks. Ether. PHY's restaking infrastructure provides a solution by allowing the reuse of staked ETH as security collateral, creating a robust foundation for AI model development without requiring additional capital investment. The technical implementation focuses on creating secure environments for AI training and development. When developers use OpenLedger's platform to create and train AI models, their work will be protected by Ether. FI's security infrastructure. This means that sensitive data train AI models, their work will be protected by Ether, PHY's security infrastructure.

This means that sensitive data and AI models remain secure during the development process, a crucial requirement for enterprise-level AI development. Mike Silagadze, CEO of Ether.fi, explains that the infrastructure will specifically support developers who need specialized models and secure environments for AI training. This practical approach shows how blockchain technology can solve real problems in AI development, particularly in areas where data security is crucial. The partnership also demonstrates a shift in how blockchain projects approach security. Rather than adding security measures after scaling, OpenLedger has chosen to establish strong security infrastructure before expanding its operations. This approach could influence how future blockchain AI projects develop their platforms. The integration of Ether.Fi's restaking system

with OpenLedger's platform show blockchain technology can support AI development in practical ways. Developers can now access secure environments for training AI models while maintaining data integrity throughout the development process. Looking at the broader implications, this partnership suggests a maturing approach to blockchain AI integration. The focus on security and practical utility indicates that the field is moving beyond theoretical applications toward real-world solutions. The emphasis on verifiable environments for AI model development could become standard practice in the industry. OpenLedger's testnet launch with this enhanced security infrastructure provides developers with a practical environment

for experimenting with decentralized AI development. This testing ground could speed up the development of specialized AI models while maintaining high security standards. From a technical standpoint, the integration allows developers to work with AI models and datasets in a secure, decentralized environment. This capability addresses growing concerns about data privacy and security in AI development, particularly as AI models become more sophisticated and require larger amounts of training data. The collaboration between OpenLedger and Ether.fi represents a significant step forward in creating secure infrastructure for AI development. As more organizations look to develop specialized AI models, the need for secure,

decentralized development environments will likely increase. This partnership provides a blueprint for how such environments can be created and maintained. This development could influence how future projects approach the integration of blockchain technology with artificial intelligence applications, particularly in terms of security infrastructure and development environments. Don't forget to like and share the story. Tip Vested Interest Disclosure This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R.

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