OORT DateHub
·Market analysis
How OORT Datahub revolutionizes the data annotation industry
Global Engagement
·Open and transparent
·Data Security
Instant payment
Community collaboration tool development
·QC
Through blockchain technology and cryptocurrency, AI data labeling becomes safer and more convenient on a global scale.
Source: OORT
Imagine a world where computers can learn and adapt like humans. They can make decisions, recognize patterns, and continuously improve the efficiency of tasks. All of this is powered by artificial intelligence, which is revolutionizing every industry, improving efficiency, innovation, and growth.
But here’s the thing: AI isn’t magic. It requires a lot of data to learn, and raw data itself isn’t very valuable. Data must be organized, categorized, and interpreted before it can be meaningful to machines. This process is called AI data annotation.
AI data annotation is similar to teaching machines how to see, hear, and understand things. For example, if you want a self-driving car to stop when it encounters a pedestrian or a red light, during the AI training process, you need to annotate these objects in the pictures and videos used for training. This requires manually identifying and labeling pedestrians and red lights in images and videos. By providing this annotated data for AI model training, the car can learn to recognize and respond to pedestrians and red lights in the real world.
Figure 1. This image shows an example of data annotation, with pedestrians marked in blue and vehicles marked in orange, used to train AI models for object recognition.
Market analysis
AI data annotation is critical to creating new products and services in various industries including healthcare, retail, automotive, and banking. As demand increases, industry revenue has increased significantly and is expected to continue to grow in the future. As more companies adopt AI and develop new learning methods, the need for data annotation continues to rise.
The global data annotation solutions and services market is expected to grow from $11.6 billion in 2022 to $46.9 billion in 2030, with a compound annual growth rate (CAGR) of 19.5%.
Figure 2. Data annotation market size
How OORT Datahub revolutionizes the data annotation industry
Figure 3. How the OORT Datahub works.
Notes: a. OORT Storage: Enterprise-level decentralized storage solution.
b. Olympus Blockchain: OORT’s Layer-1 blockchain, used to record and verify the data collection and annotation process.
The traditional data annotation industry is highly dependent on manual labor and lacks transparency, resulting in extremely low remuneration for workers. Leveraging blockchain and cryptocurrencies can significantly improve these issues. Through blockchain technology and cryptocurrency, AI data annotation becomes safer and more convenient globally. OORT Datahub pioneered this new approach, which it calls decentralized data annotation. Figure 4 provides a detailed comparison between OORT Datahub and the traditional data annotation industry.
Figure 4. Comparison between OORT Datahub and traditional data annotation products
Global Engagement
Decentralized data annotation allows people around the world to participate and earn cryptocurrency for their work. This approach breaks the limitations of traditional platforms, such as Toloka only recruiting data collection and annotation personnel in specific countries and making cross-border payments to these personnel difficult. Similar to individuals making borderless transactions through Bitcoin, OORT Datahub contributors can easily earn extra income anywhere in the world.
Open and transparent
Blockchain enhances the transparency of the AI data annotation process. Every step from task completion to payment is recorded and verified on the blockchain. This transparency effectively reduces errors and disputes in data labeling, and increases trust between AI projects and users involved in data annotation. In OORT Datahub, OORT uses its high-performance Layer-1 blockchain, Olympus Protocol, to ensure transparency in the data pre-processing process.
Data Security
All AI data on DataHub will be stored in OORT Storage. OORT Storage is OORT's enterprise-level decentralized storage solution. Both raw data and annotated data will be encrypted and stored in different locations in pieces to ensure that they will not be tampered with or accessed without authorization. In contrast, data managed by centralized cloud platforms is more vulnerable to hacker attacks due to vulnerabilities.
Instant Payment
Using cryptocurrency payments speeds up the payment process, making cross-border payments faster and less expensive. Smart contracts ensure efficient assignment of tasks, and once a task is completed, payments to contributors are made within minutes. In contrast, traditional methods are slow and complex, often taking weeks or months. More importantly, OORT Datahub introduces a new reward mechanism where Datahub participants will receive NFTs as additional rewards. These NFTs entitle the holder to share in future data sales revenue, providing users with higher income potential.
Community Collaboration Tool Development
OORT DataHub encourages community members to jointly develop small tools for AI data collection and annotation. With the participation of developers, data experts, and AI projects, these small tools will be more efficient and practical.
QC
The quality of collected and labeled data has always been a pain point in the data labeling industry. Low-quality data will seriously affect the training effect of AI. The feature of OORT DataHub lies in its Proof of Honesty (PoH) consensus algorithm, which is a semi-automated quality control mechanism with human participation. The algorithm can quickly verify the accuracy of submitted data labels, unlike traditional companies that rely on manual verification, which is prone to omissions and human errors.
In short, OORT DataHub improves efficiency by simplifying and accelerating the data collection and annotation process. With the help of blockchain technology and decentralized storage services, it also enhances the security and privacy of data preprocessing, thereby encouraging the participation and contribution of global users.
About OORT
OORT has built one of the world's largest decentralized cloud infrastructures, with network nodes covering more than 100 countries and achieving millions of dollars in revenue. OORT's core technology has been published in top academic journals and has been patented in the United States. Its world-renowned customers and partners include many industry giants such as Lenovo Image, Dell, Tencent Cloud, and BNB Chain. OORT has an experienced and strong executive team and a top advisory committee composed of global experts. In this way, OORT has established and consolidated its global leading position in the field of DePin in artificial intelligence.
OORT is a decentralized data cloud platform that aims to integrate global computing and storage resources, maximize privacy and cost-effectiveness, and provide an enterprise-grade, decentralized solution for generative artificial intelligence and data-driven businesses.
In short, OORT is a one-stop decentralized AI solution that integrates data collection, data storage, data preprocessing, data computing, AI model design/training/fine-tuning and deployment. The project aims to combine AI and DePIN. On the one hand, it encourages a wider range of users to participate in contributions in a decentralized manner through a perfect incentive model, and on the other hand, it brings low-threshold, low-cost, privacy-protected AI services to each user, thereby creating a global AI ecosystem based on trust.
Moreover, OORT's core technology is backed by U.S. patents and academic publications, and has established solid partnerships or customer relationships with more than 40 projects/companies and more than 20 prestigious American universities (such as Harvard, MIT, University of Chicago, Columbia University, Duke University, University of Michigan, Northwestern University, New York University, etc.).
Investors: Taisu Ventures (formerly Emurgo - Cardano Venture Arm-ADA public chain), Aves Lair, Microsoft, Google, Red Beard Ventures (a fund invested by A16Z and Animoca Brands), Angelist, Trinity Venture Capital, Redline DAO, Sanctor Capital, Waterdrip Capital, LinkVC and individual investors from JP Morgan, Columbia University, Cornell University, Ausum Ventures and ISKER Group.
40+ channels, ecosystems, and customers:
BNB Chain-BNB Greenfield (Binance), DEII (Dell), Lenovo Image, Tencent, Alibaba Cloud, Seagate, Akamai, Neo, IoTeX, Mind Network, Storj, Space and Time, Poolz Finance, OORT SWAP, iPolloverse, Grown, Crust, Sinso, PoP Planet, Parallell, Revolution NFT, Coresky NFT, Mises, Appsco, NumenCyber, SPEARHEAD, Layerr, Uverse, Y0 NFT, ThreeFold, IOV Labs, blue world, Crypto Legacy, Supermoon Camp, Walken, Clocr, Midas, iCrypto World, Verida, 404DAO, Midasreless, Supermoon Camp, 1024bank, etc, FilSwan, AFRICA2.0, Ivy League (Ivy League), Together Labs, Finstreet, etc.
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