Zhao Changpeng, the founder of Binance, has introduced a groundbreaking concept that has the potential to revolutionize AI data labeling and processing through the utilization of blockchain technology. In his latest proposal, Zhao envisions a system where AI labeling is conducted on the blockchain. This system leverages BNB Chain’s Greenfield initiative to enable low-cost and instant cryptocurrency payments. The primary objective of this approach is to overcome geographical barriers and tap into a global talent pool for AI data processing. Additionally, it aims to enhance the efficiency and fairness of the entire process.
In a recent tweet, Zhao Changpeng emphasized that AI tagging, or AI data in general, is well suited to be performed on the blockchain. This approach allows for the global utilization of low-cost labor without any geographic bias, with instant payments made in cryptocurrency through BNB Chain’s Greenfield initiative. However, further development of tools is still required to support this endeavor.
Zhao Changpeng firmly believes that blockchain is an ideal platform for AI labeling due to its ability to facilitate fast payments and reward high-quality work. By leveraging BNB Chain, AI data labelers from around the world can receive instant cryptocurrency payments, eliminating the complexities and costs associated with traditional payment methods. This decentralized system has the potential to create a more equitable environment for AI labelers, ensuring that only the highest-quality submissions are rewarded.
Zhao’s vision for on-chain AI labeling heavily relies on the storage capacity and scalability provided by BNB Chain’s Greenfield initiative. He acknowledges that additional tools and infrastructure need to be developed to turn this vision into a reality. The ultimate goal is to streamline AI data processing by establishing a more transparent system that enables instant global payments and ensures fairness for labelers worldwide.
As the worlds of blockchain and AI continue to merge, Zhao Changpeng’s forward-thinking vision is poised to redefine the future of data processing. His vision opens up endless possibilities for a decentralized and fairer digital economy.
