Polkadot-backed OriginTrail wins top honor at MIT AI Summit

Polkadot-powered decentralized knowledge graph platform, OriginTrail, was named the best project at the MIT Decentralized AI Summit, an event that brought together researchers and industry leaders to discuss decentralized AI technologies.

The summit was held at the MIT Media Lab and featured contributions from major tech companies including Dell (NYSE:DELL ), Intel (NASDAQ:INTC ), and NVIDIA (NASDAQ:NVDA ). OriginTrail was recognized for its decentralized knowledge graph, which addresses issues such as misinformation and unreliable AI systems.

Backed by Polkadot parachains, OriginTrail helps industries, including Fortune 500 companies, with secure data exchange. The platform handles billions of assets for Web3 to make it easier to discover and verify everything from physical and digital assets to NFTs, DeFi, and more.

OriginTrail founder Branimir Rakic outlined how the platform can be used to create trust in AI systems. It connects physical and digital assets through decentralized technology, helping industries manage data transparency.

Rakic also announced plans to release the DKG Edge node, a new feature to improve resource efficiency and privacy in AI solutions. The release is scheduled for October 24 at the DKGcon event in Amsterdam.

The Verifiable Internet for AI is tackling AI's challenges by decentralizing the knowledge that AI systems rely on. One of the first examples of this is Polkabot.AI, a decentralized AI education hub on Polkadot, which is set to fully launch in the coming months after securing support from the Polkadot Treasury.

Polkadot spent $27.3 million on various projects during the third quarter, which is almost half of what the Ethereum rival spent in the previous three months. Software development made up the largest chunk of the budget, with nearly $12 million allocated to different projects.

Polkabot.ai secured support through an OpenGov treasury proposal approved on April 23, 2024. As an AI-driven educational platform that personalizes learning for each user, Polkabot.AI helps users engage with Polkadot’s vast content, both within its ecosystem and in external communications. 

Source: Investing.com