Concordium Partners With 2021.ai To Enhance Trust In AI And Machine Learning Applications

21 Jul 2023

Concordium has collaborated with 2021.ai to strengthen confidence in the use of AI and machine learning programs.

Benzinga - Concordium, the blockchain platform rooted in scientific principles aimed at establishing a more secure digital domain, unveiled a collaboration with 2021.ai, a forward-thinking firm dedicated to AI and machine learning advancements.

The partnership seeks to enhance confidence in AI and machine learning programs by incorporating Concordium's blockchain technology into the GRACE platform of 2021.ai.

Incorporating Concordium's blockchain technology into GRACE will strengthen the process of verifying data and tracking audits for AI models. This will establish a reliable and clear structure, ensuring the development of AI systems that can be trusted in terms of security and transparency.

This collaboration emerges during a period of accelerated growth in the AI industry and increasing strictness in regulatory norms.

The partnership will allow developers to simplify the process of validating datasets and auditing AI across different scenarios, such as verifying ESG data, complying with MiCA regulations, and adhering to the EU-AI-Act.

2021.ai, renowned for its involvement in various initiatives spanning from cancer investigation to overseeing supply chains, serves as a worldwide accelerator for the artificial intelligence sector.

The company harnesses the power of data analysis and advanced technology to enhance information systems and facilitate the use of machine learning programs.

As regulations for AI continue to develop, it becomes increasingly important to have reliable and transparent data validation tools.

The company announced that Concordium's Governance Layer Service can be customized to fit particular legal frameworks like the soon-to-be-implemented Markets in Crypto Assets (MiCA) Regulation in the European Union.

Kåre Kjelstrøm, the head honcho of technology at Concordium, shared his excitement about the collaboration, saying, "We are dedicated to making sure the digital world is safe, which is why we are absolutely thrilled to join forces with 2021.ai in order to boost confidence in machine learning programs."

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Kjelstrøm highlighted the significance of incorporating Concordium's blockchain, as it will empower AI developers to create governance frameworks that are both transparent and precise. This will greatly broaden the scope of possible applications for machine learning.

Rasmus Hauch, the CTO at 2021.AI, emphasized the importance of the partnership, stating, "The collaboration we have with Concordium sets the stage for a protected and unalterable atmosphere for incorporating ESG validation, guaranteeing comprehensive AI adherence, and uncovering fresh possibilities."

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Check out the original blog post on Benzinga.