According to PANews, David Attermann, senior portfolio manager at M31 Capital, pointed out that centralized data networks have long-standing vulnerabilities due to single point failure problems, and global losses due to data leaks may reach $10 trillion in 2024.
The development of generative AI has exacerbated data security issues. Traditional cloud computing cannot effectively guarantee data privacy, security, and transparency. Blockchain Coordination Confidential Cloud (BOCC) has become a potential solution.
BOCC combines blockchain smart contracts and a trusted execution environment to achieve transparent verification of data transmission, auditability of workloads, and elimination of single points of failure. It is suitable for fields such as AI cloud computing, power grids, digital voting, and military IT.
