The Kneron Neural-network Edge-AI Open (KNEO) platform has combined edge Artificial Intelligence (AI) devices with blockchain technology to create secure and private personal networks.
It has been reported that the KNEO platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them.
However, KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones, and thermal sensors, as the term “edge AI” means systems that process algorithms locally, rather than sending data for remote processing. This means that KNEO does not require an Internet connection, and all data collected is encrypted and secured on an individual private network.
It has been analyzed that stems can be controlled by a central app and connects to enhance each other’s capabilities as they work together and share data.
The Kneron Neural-network Edge-AI Open platform allows users to create digital assets out of personal data https://t.co/Jt524f7Kw1 — Cointelegraph (@Cointelegraph) July 17, 2020
Likewise, Kneron has also introduced an edge AI marketplace on Google Play and iOS to encourage the open-source community to develop applications that update, alter, or combine edge AI devices to perform specific tasks.
Its use-cases include:
monitoring home energy usage
health and preventative care
Also, the marketplace will connect consumers to corporations who want to buy or use their blockchain-enabled data in digital asset form, as driving data collected over a year may be exchanged for discounted automobile insurance, or shopping, lifestyle and consumption data may be sold to advertisers, brands or market researchers.
As per the report, KNEO will also form a core part of AI education in universities. Major universities in the United States, Taiwan, and Hong Kong already use Kneron’s technology in courses on AI development. Developers and hobbyists can start building apps with just a KNEO stem and a Raspberry Pi.
AI has been around as a concept for a hundred years, although recent developments in networking, processing performance, and storage have seen a slew of practical improvements.
Thus, the combination of AI and blockchain to create secure private consumer AI networks marks a convergence of two of the most touted technologies for the future.