Decentralized Web3 information service faucets ZK-proofs for tamper-proof SQL queries

Decentralized Web3 information service Area and Time has tapped into zero-knowledge proof (ZK-proof) know-how to cryptographically confirm info queries inside its ecosystem.

The corporate’s proprietary Proof of SQL permits the platform to generate a SNARK cryptographic proof of a question inside its decentralized information community, permitting customers to belief {that a} information question is correct and has not been manipulated.

Area and Time intends for the service to supply tamper-proof on-chain and off-chain information to blockchain companies, superior computing, artificial-intelligence and huge language fashions. Area and Time co-founder Jay White advised Cointelegraph that the innovation might show helpful throughout a spread of blockchain-based options together with monetary companies, retail, healthcare and gaming:

“We imagine that information will improve the interoperability between the on-chain and off-chain ecosystems, fostering higher collaboration between decentralized and conventional programs.”

Proof of SQL will allow decentralized purposes (DApps) to run a question to Area and Time’s information warehouse and create a roll-up of the end result to a sensible contract. The Proof of SQL ensures trustless, however verified, proofs of information which might be environment friendly and privacy-preserving.

The agency notes that the service might present important worth to industries the place financial worth is instantly linked to information, with monetary companies a main instance.

Related: Are ZK-proofs the answer to Bitcoin’s Ordinal and BRC-20 problem?

The corporate additionally sees potential within the know-how to confirm that enormous language fashions had been educated on correct, tamper-proof information. This might change into an essential side as instruments like OpenAI’s ChatGPT change into built-in in enterprise processes.

Area and Time’s service features a blockchain information indexing service that options pre-built Web3 APIs that permit DApps to entry real-time information from Ethereum, Polygon, BNB Chain, Sui and Avalanche’s blockchains. The platform additionally integrates with Chainlink oracles and decentralized storage platforms.

Area and Time’s Proof of SQL is presently being utilized by credit-scoring blockchain protocol Lendvest. The service calculates an on-chain credit score rating primarily based on a consumer’s on-chain and off-chain monetary information.

In accordance with Lendvest founder Joshua Gottlieb, Proof of SQL is getting used to show that credit score scores are verified, calculated accurately and related to an accurate pockets tackle.

The system is meant to permit Decentralized Finance (DeFi) lending platforms to algorithmically set up the danger profile of a consumer, which is aimed toward enhancing returns for each customers and DeFi protocols.

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