Verida announces a strategic partnership with Marlin Protocol to empower individuals to have full control over their data. Additionally, both Fintech firms are collaborating to power the future of artificial intelligence (AI) in the form of Private AI.
Verida, the decentralized data protection platform, breaks this news through the X platform. By collaborating with Marlin Protocol, Verida is broadening its vision to develop a decentralized ecosystem where users can manage and process their data safely and securely using AI. Through this collaboration, both firms will reshape the future of AI.
Verida Aims to Develop Purpose-Built Infrastructure for Private AI
This collaboration is aimed at enabling the users to develop the Private AI Assistants for their own sake. Just like ChatGPT, a dedicated AI platform working exclusively for a specific customer according to the user’s needs. To bring this idea to life, Verida has developed a robust and reliable infrastructure.
Verida’s infrastructure includes private compute, confidential compute and the private data bridge. Verida Private Data Bridge makes it possible to transfer data from the different platforms to the Verdia vault of users. Then confidential compute of the infrastructure employs Trusted Execution Environments to develop a network of isolated and secure nodes to process data.
Confidential compute-based private compute offers control over data usage, data access and the deployment of the applications. Based on the vision and infrastructure of Verida, the Marlin Protocol is developing private AI where AI models can be trained and utilized to ensure the safety of personal data.
CEOs’ Remarks on the Mutual and Share Vision of Partnership
Chris Were, the Chief Executive Officer (CEO) of Verida, shared his remarks on this strategic collaboration. He was of the view that this partnership is of great significance as both FinTech firms are determined to make the user community confident about their data security. Moreover, he said that there has not been much in the community regarding data privacy so this collaboration will be unique of its kind.
On the other hand, Esli, the head of the Marlin Foundation, seems optimistic about this collaboration as combining their expertise and private AI will ensure the safety and security of the users’ data. This partnership makes it possible that user’s personal information will remain confidential to that person.
