TL;DR
- Prove AI AG has announced its migration to the Hedera network to enhance artificial intelligence governance through the secure management of training data.
- The new platform will enable companies to automate regulatory compliance and manage data access, ensuring auditable and secure records.
- Mrinal Manohar, CEO of Prove AI, emphasized the need for greater visibility and control over AI data in an evolving regulatory environment.
Prove AI AG has announced its transition to the Hedera network, a strategy aimed at improving artificial intelligence (AI) governance through secure and tamper-proof management of training data.
This change responds to the growing need for organizations to comply with regulatory standards in a context where the use of AI has become increasingly prevalent. Prove AI’s new platform will provide companies with the necessary tools to automate compliance, manage multi-party access to training data, and maintain a data record that is auditable and secure.
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Initially, Prove AI had developed its platform on the Casper network but chose to relocate to Hedera due to its decentralized governance features and enterprise-level blockchain solution. The Hedera network is governed by a council that includes prominent institutions such as Fortune 500 corporations, universities, and non-profit organizations. This structure allows for more transparent and reliable management, aligning with the platform’s objectives.
Prove AI: Excellence, Transparency, and Adequate Control
Mrinal Manohar, CEO of Prove AI, highlighted the importance of organizations having greater visibility and control over the data that feeds their AI systems. The executive emphasized that the decision to migrate to Hedera reflects their commitment to creating a reliable blockchain-based network for enterprise use. They will utilize Hedera’s capabilities to facilitate regulatory compliance for AI solutions and to issue tamper-proof credentials.
In light of the growing global regulatory scrutiny of AI, companies are actively seeking solutions that ensure compliance with emerging standards such as the EU AI Act and ISO 42-1. Prove AI aims to automate compliance checks, ensuring that AI systems do not expose users to unacceptable risks. The goal is to create transparent governance of AI datasets and real-time auditing
