⛓️Why Blockchain

Blockchain and Web3 technology is increasingly being used in business for its transparency, security, and operational efficiency. Distributed ledgers provide a tamper-proof record of transactions, reducing the likelihood of fraud and errors. In addition to enhancing data security, blockchain can lower operational costs by cutting out middlemen or intermediaries, and automating complex processes by executing smart contracts. We believe that blockchain technology is a natural fit for what Fair AI Data aims to achieve for 2 reasons:

• Immutable Data Integrity: Utilizing blockchain's immutable records, Fair AI guarantees the accreditation of data. This is crucial for building trust in AI datasets and ensuring that creators' rights and contributions are permanently recognized.

• Revenue Sharing Models: Blockchain is also best suitable for creating a trustless revenue-sharing mechanism, based on a transparent payment distribution system, which ensures compensation of creators and proper digital licensing.

This dual approach not only secures data but also ensures that creators don’t have to trust the platform or anyone with safekeeping their life’s work and distributing payments fairly.