rove AI Chooses Hedera for Enterprise AI Governance: Secure Data and Automated Compliance

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Prove AI AG, known for its AI governance solutions, has recently announced the launch of its artificial intelligence product on the Hedera blockchain network. The integration will enable businesses to securely manage their AI training data and ensure compliance through Hedera’s secure and scalable infrastructure.

Moreover, Hedera's blockchain infrastructure will also aid Prove AI in offering governance solutions for enterprises engaging with AI developments and regulations. Previously operating on the Casper blockchain, Prove AI (formerly Casper Labs) launched its network with a focus on transparent governance and tamper-proof auditing of its AI models.

However, the firm later decided to completely shift to the Hedera blockchain to provide enterprise-grade and decentralized governance solutions for businesses. Speaking on the development, Prove AI CEO Mrinal Manohar, said:

"Hedera's proven commitment to delivering a truly enterprise-grade blockchain environment mirrors our own, which makes them a natural partner as we introduce Prove AI to the broader marketplace."

One of the leading networks in the blockchain space, Hedera Hashgraph is known for its high throughput, decentralized governance, and low-cost fixed transactions, making it ideal for global enterprises. These features are crucial for industries requiring unmatched accountability and transparency.

With the consensus mechanism ensuring data immutability, companies utilizing Prove AI can confidently rely on the accuracy and trustworthiness of their AI training data. Interesting talks of Hedera striking a partnership with Microsoft have also been covered by CNF.

A Win-Win for Prove AI and Hedera NetworkThis strategic collaboration between the two players is a win-win for both – Prove AI and the Hedera blockchain. While the former expands its reach in the Web3 and AI domain, the latter increases HBAR's stronghold in the crypto space, making it a go-to blockchain for developing scalable, trusted AI governance.

Hedera's streamlined blockchain, combined with Prove AI's robust governance tools, aims to address key AI challenges like compliance, transparency, and security. Commenting on this Prove AI alliance, Hedera President Charles Adkins said:

"Prove AI, as an immutable, tamper-proof database, brings a level of trust to risk management in AI systems, which aligns perfectly with our mission to provide a secure, scalable foundation for builders and enterprises alike."

He also said that one of the appealing factors about Hedera for businesses is the network’s speed, security, and energy efficiency. For the very same reason, players like Karate Combat chose the Hedera blockchain for its Web3 sports adventures, as reported by CNF.

HBAR declined by 2% in the last 24 hours, trading at $0.05169. This performance aligns with the broader market trend, as bears have taken control following Bitcoin’s inability to reclaim the $70,000 mark during its recent rally.

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