While focusing on the vision, we want to discuss the problems within the prevailing centralized ecosystem.
- 1.Addressing the Content Access Challenge: In the digital sphere, powerful organizations like Facebook, Amazon, Google, and Yahoo have established themselves as reliable information gatekeepers and changed the way we access material. These platforms command a lot of user attention and data because they hold a lot of data. Companies make payments to these platforms to guarantee their material is featured, changing the paradigm from direct website visitors to curated content. An extensive percentage of US adults and teens now base their content consuming habits on Facebook, according to a Pew Research Centre survey.
- 2.Loss of Data Control: Some online businesses keep user data in centralized data centers, which raises serious security and privacy issues.
These dangers were made clear by the 2017 Equifax data breach, which allowed hackers to access the personal information of 143 million US consumers, including private data like social security numbers and addresses. Hackers were able to use credit cards without authorization and file tax returns as a result of this attack.
- 3.Single Point of Failure: A system's single point of failure (SPOF) can render the system inoperable as a whole. On February 28, 2017, for instance, a number of websites had problems that resulted in broken links, failed images, and total unavailability. This shows how centralised systems are vulnerable since a single failure may bring down the entire network.
How Decentralization can solve these Problems
Our objective is to enhance every aspect of Web3 Dapp building, starting from generating ideas, securing funds, and extending to widespread online distribution. A decentralized artificial intelligence (DAI) system is a form of artificial intelligence (AI) solution that employs blockchain technology to distribute, process, and store data across a network of nodes. Decentralized AI systems enable users to utilize pre-trained AI models within their existing applications, thereby gaining AI-generated insights without surrendering their data to a centralized authority.
Create Protocol is constructing an ecosystem where, as part of a decentralized approach, users can employ a prebuilt AI model to process data stored on their devices and transmit the outcomes to a third party without revealing their underlying personal data.