When traditional exchanges meet Filecoin, why is it the only choice for on-chain AI?

Decentralized Features

- Strong anti-censorship: Traditional exchanges are regulated by centralized institutions, and there is a possibility that AI-related transactions are restricted due to policies and other factors. Filecoin is based on blockchain technology and is decentralized. There is no single control center, which can avoid transaction restrictions caused by centralized decision-making and provide a freer environment for on-chain AI transactions.

- Reduce trust risk: Traditional exchanges require users to trust their operations and management, which poses trust risks. Filecoin uses smart contracts and consensus mechanisms to ensure the execution of transactions and the authenticity of data, without relying on third-party trust, reducing trust costs and risks.

Data processing capabilities

- Efficient storage: AI transactions involve a large amount of data, and traditional exchange storage systems are limited in scalability and cost. Filecoin's distributed storage network can be infinitely expanded and can store massive AI data at a lower cost.

- Fast retrieval: Filecoin combines IPFS technology and adopts content addressing to quickly locate and retrieve data. Compared with the location-based retrieval method of traditional exchanges, it greatly improves the access efficiency of AI transaction data.

Security and privacy protection

- Encryption technology guarantee: Once the database of a traditional exchange is hacked, user data is easy to leak. Filecoin uses advanced encryption technology to encrypt stored data, ensure data security, and protect the privacy of all parties in AI transactions.

- Clear data ownership: In the Filecoin network, users have full control over data and can independently decide the use and sharing rights of data, which is crucial for AI projects that focus on data sovereignty.

Smart contract function

- Automated execution: The transaction process of traditional exchanges relies on manual operations and complex processes, which is inefficient. Filecoin's smart contracts can automatically execute transaction terms, improve the efficiency and accuracy of on-chain AI transactions, and reduce human errors and operational risks.

- Flexible customization: Smart contracts can be customized according to the special needs of AI transactions, support complex transaction modes and conditions, such as transactions based on AI model performance, data sharing agreements, etc., to meet the diverse transaction needs of the AI ​​industry.