Streamr, an open-source platform for the free and fair exchange of real-time data, today announced it partnered with Japan-based Daisy AI, the AI platform using blockchain for deep learning. Daisy AI confirmed it will use Streamr (DATA) as its official data provider to exclusively purchase data from the Streamr Marketplace.
Recognizing the benefits of a decentralized marketplace model for transparent and secure information, Daisy AI will be purchasing data for a wide range of purposes including forecasting stock and cryptocurrency prices, economic insights, footfall and traffic.
A project from leading AI research institution University of Tokyo, Daisy AI aims to tackle the issue of low accuracy in the field of prediction-making through the application of blockchain technology. Through its collaboration with Daisy, Streamr’s comprehensive data set will help Daisy grow and develop an AI network of increased precision. In addition, through the use of cryptocurrency, data between Daisy AI platform and the Streamr Marketplace can be seamlessly transferred.
“Our partnership with Streamr represents a major step forward for our platform in improving the accuracy of AI. By leveraging data offered by the Streamr Marketplace, Daisy AI will be able to offer our users valuable information and make AI more accurate on major metrics like price and economic data. Our collaboration with Streamr, a company whose vision aligns perfectly with our mission to build a decentralized AI platform, marks a major milestone in using decentralized technology to enhance the forecasting of important and widely-used data.”
Further announced today, CRYPTICS has become a vendor on the Streamr Data Marketplace, selling its data to enhance global cryptocurrency market predictions. Based on artificial intelligence, CRYPTICS’ Marketplace feed will equip novice to expert investors with relevant information for decision making around mining and trading cryptocurrencies. Real-time sentiment data via the Marketplace, in tandem with news portals, will be integrated with the AI algorithm, updated every hour, to provide a four-hour forecast of cryptocurrency pairs. The service offering will include both free and paid-for options for investors.
“Our partnerships with innovative projects such as Daisy AI and CRYPTICS are a great example of how AI technologies are being enhanced through new open data Marketplaces. We laid out a vision well-over a year ago describing how we thought the new data economy would operate – not just decentralized but also fostering data innovation, especially within AI. It’s amazing to see this vision starting to be realized.”