AI x Blockchain: Reinventing Data for Corporates with Maja Vujinovic & Scott Dykstra

Hi, it’s Marc. ✌️

"Data is the new oil" - but did you know that 80% of companies are not even using it?

This is a massive opportunity for businesses & VCs to invest in technologies that turn this untapped resource into actionable insights.

By tapping into unused data, companies can: 

* create new revenue streams

* enhance customer experiences

* and drive smarter decision-making.

Here’s the catch: Data manipulation is becoming a big problem. 

“Everybody that touches data is going to have to question where that data came from, why it is there, and what we're trying to achieve,”

says Maja Vujinovic, investor and builder.

And synthetic data might not be the answer. 

The convergence of blockchain and AI enables data to be more secure, efficient, and trustworthy.

In the latest episode of our podcast with two industry heavyweights Scott Dykstra, CTO and Co-Founder of Space and Time and Maja Vujinovic, Founder & CEO of OGroup.

 We talked about:

* AI and blockchain are a power couple

* Quality data beats quantity

* Ethical implications of synthetic data

* AI agents are coming

* Blockchain as the key to data trust

* ZK-Proofs as a tool to prevent political misinformation campaigns

* AI as the key to unlocking data's potential

Space and Time: It is the first verifiable compute layer for AI x blockchain. Space and Time lets you run complex calculations and AI tasks, but with a twist: it provides undeniable proof that these tasks were done correctly and haven't been tampered with. They recently raised $20M in a Series A funding round, bringing its total funding to $50M. 

OGroup LLC: OGroup LLC is an investment firm and operating partner for crypto & AI founders. They work with funds and entrepreneurs helping them scale, accelerate their growth and position them globally. For corporates, family offices, and government they specialize in monetizing untapped data to unlock next-generation growth capabilities.

6 Actionable Take-Aways for Corporate Leaders:

* AI x blockchain: AI and blockchain are complementary technologies. Blockchain offers a secure, transparent, and tamper-proof system, while AI provides advanced computational and predictive capabilities. The combination is particularly valuable for handling large-scale, high-value data transactions and ensuring data integrity.

* Quality above quantity: "Data is the new oil" has regained relevance with the rise of AI, particularly for scaling large language models (LLMs). While data remains crucial, the focus is shifting towards high-quality data, not just quantity. Blockchain is considered a nearly perfect technology for ensuring data quality. 

* Not enough data: As LLMs require immense amounts of training data, and internet-sourced data becomes increasingly expensive or inaccessible, synthetic data could play a significant role in AI development (with ethical & regulatory challenges).

* The rise of AI agents: AI agents will increasingly transact and make decisions based on on-chain data. This will be essential for automating processes and maintaining trust in data-driven operations.

* The blockchain opportunity: Blockchain could become a key technology for managing data quality with cryptographic signatures, creating a verifiable chain of custody for transactions. This prevents data manipulation and ensures data provenance. ZK (zero-knowledge) proofs are emerging as a tool to verify data integrity and authenticity without revealing the data itself, i.e. prevent misinformation and manipulation in political campaigns.

* The AI opportunity: AI can significantly enhance productivity by automating mundane tasks, but it requires a cultural shift within organizations to integrate AI and blockchain into their existing processes.

That’s it for now.

Talk soon,

– Marc

Find our other podcasts here:

* Spotify

* Apple Podcasts

* Youtube

⚡️ Amplify Your Growth

Building a Web3 business OR looking to innovate with Web3 tools? FiftyOne Labs  , powered by 51 Insights is your unfair advantage. We combine what and who we know to help you win:

* Capturing market & mind share with our 50k+ b2b audience

* Shape your narrative & create qualified opportunities

* Developing a go-to-market and growth strategy

* Increase outbound conversion rates

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.51insights.xyz/subscribe