OpenLedger is a blockchain and cryptocurrency project that is designed to solve a specific problem in the world of Artificial Intelligence (AI). While many AI systems are controlled by large, centralized companies that often don't properly credit or compensate the people who provide data, OpenLedger takes a different approach.
Think of it as a decentralized, transparent platform for building and monetizing AI.
Here's how it works:
* Decentralizing AI Development: Instead of a single company owning all the data and models, OpenLedger allows a community of users to contribute. People can provide specialized datasets or build AI models, and all of these contributions are recorded on the blockchain. This creates a transparent record of who contributed what.
* Fair Compensation: A key feature is called "Proof of Attribution." This system tracks how a specific piece of data or a particular model is used. If your contribution improves an AI model and makes it more valuable, you are fairly rewarded. This creates a new economic model where creators and data providers can earn ongoing income from their work.
* The OPEN Token: The native cryptocurrency of the network is called OPEN. This token is used to pay for transactions, to participate in the network's governance (meaning you can vote on important decisions), and to reward contributors for their work.
In short, OpenLedger's goal is to make AI development more open, fair, and collaborative by using blockchain technology to ensure everyone is credited and compensated for their contributions.
