Blockchain and Data Marketplace

To develop AI applications, companies need access to massive datasets.

Consider how Facebook's facial recognition algorithm auto-tags new photos, or how Google uses deep learning to tweak its ranking algorithm.  Making these predictive models requires enormous datasets.  This is why tech giants with a significant amount of data like Facebook, Amazon, Microsoft, and Apple (FAMGA) and China's Baidu, Alibaba, and Tencent (BAT) are leaders in the field of AI.

But for many other companies, obtaining a lot of quality data can be challending.  As a result, emerging blockchain startups are proposing "data marketplaces" that widen access to AI training data.  These data marketplaces might align supply -- users or companies with lots of data -- with demand, or projects in need of big datasets.

Importantly, blockchain technology enabling such data marketplace could ensure that shared data remains secure.  An open, distributed ledger would remove middlemen, thereby stremming data leakage and keeping data private.

In the not-too-distant future, new ways to control and share data could flip existing business models on their heads.  Users could share data with advertisers on an as-needed basis.  Enomics companies could give contributors “royalties” for sharing their genomes.  

Data marketplaces also could lead to more data-sharing between companies. Presently, the process of data partnerships takes months of back-and-forth, legal teams, and often presents issues around data leakage. With encryption, transparent pricing and usage, blockchain-based marketplaces could automate away the frictions of corporate partnerships.

First Genesis CEO Motivates Students to Continue Education

"Five Ways Ed Pays"

FIRST GENESIS' Chief Executive Officer Pascal Watty recently participated in the recent "Five Ways Ed Pays" campaign and rally to educate middle and high school students and their families about the value of a college education.  The Nov. 16 rally gave students an opportunity to hear about the personal and professional benefits of education and meet with college representatives from across the country.

First Genesis CMO, Joe Chirco, Presents at Federal Health Architecture Learning Series

"Blockchain Enabled Interoperability"

Joe Chirco and Rees Morgan of First Genesis gives synopsis on the futre of interoperable exchange of patient health information is a blockchain enabled eHx.  The presentation will explain the technologies now available that meet the standards for interoperable exchange of patient health information.  The Gateway of Gateways technology compbined with Blockchain network provides security, data integrity and privacy.  The presentation will explain the functionality and architecture of the Blockchain enabled interoperabilty.  This new solution provides a safe zone for applications interface to patient health information.  
O n behalf of FHA, i just wanted to say thank you for an outstanding Learning Series.  We have already received messages from people who would like a copy of the recording, as well with more questions.O
Thank you again!
Andy
From left to right; Joe Chirco, Reece Morgan, and Tom Deloney

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