Seneca, a next-generation blockchain, has announced the unveiling of their platform for full-scale application development within a decentralized environment. Seneca’s July 4th token presale gives the community an opportunity to participate in the most comprehensive blockchain-based innovation in AI and forever change how applications are built and deployed.
Everything from advertising to search, financial to medical apps can be deployed with much more data and also much more trust with Seneca. Seneca makes centralized infrastructure obsolete by addressing the fundamental architectural flaw that for parties to transact they must share and lose control of data. This is the paradox of centralized infrastructure - since sharing is required, the most valuable data for trusted transactions is the least likely to be used.
As AI technology proliferates, the demand for personal data has grown exponentially. However, challenges like stringent data regulations, costly data storage, and escalating cybersecurity risks present challenges to achieving the potential of AI which is why companies like Samsung and apple have banned employee use of 3rd party AI. Seneca addresses these issues by providing an environment where the data of both the user and the application are protected.
Seneca’s core promise is simple: utilize unlimited volumes of sensitive data to deliver the most hyper-personal and certain transactions without giving up control or sharing data.
Zero Knowledge Environments (ZKE) are a key invention of the Seneca team that makes the promise reality. ZKEs are data containers that support all of the functions of current cloud services but allow users and applications to have complete control over their data. Thus, seneca paves the way for a transformative environment that promotes uncompromising application development, with a focus on users, their autonomy, security, and identity control.
This technology represents a generational shift from traditional cloud infrastructure by enabling users to transact digitally with privacy and control assurance.
The superiority of building AI applications on Seneca versus centralized infrastructure is exemplified in their low code AI dApp builder. This tool empowers enterprises to develop generative AI apps in a zero-knowledge, trustless environment. For example, a healthcare provider can offer medical advice based on an individual’s specific conditions and symptoms without accessing regulated health records. Similarly, a financial institution can make loan decisions based on an array of data points, with zero data transfer. In both cases, the user data is never shared or compromised and the organization’s algorithms or business logic remain in their control - there is no need to trust a 3rd party. The token presale demonstrates Seneca's community-driven approach. Alongside attracting prominent Web3 investors.
Seneca offers early adopters the opportunity to participate in the token presale, which will go live on July 4, 2023. The Seneca token powers storage, access, data validation, and computation and will be the fuel driving the infrastructure.
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