Zhao Changpeng, founder of Binance, has unveiled a groundbreaking concept that can revolutionize AI data labeling and processing by leveraging blockchain technology. In his latest proposal, Zhao envisions a system where AI labeling is conducted on-chain. It utilizes BNB Chain’s Greenfield initiative to facilitate low-cost, instant cryptocurrency payments. This approach aims to break down geographical barriers and harness a global pool of talent for AI data processing. It further aims to make the entire process more efficient and fairer.
AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low cost labor globally without geographic bias, (micro) pay them in crypto instantly. @BNBCHAIN Greenfield provides the storage capacity. More tooling still needs to be built. Let’s build them.
— CZ
BNB (@cz_binance) November 27, 2024
Zhao Changpeng’s Approach to AI Labeling
Zhao Changpeng believes that blockchain is perfectly suited for AI tagging. It is because of its ability to facilitate fast payments and reward high-quality work. AI data labelers from across the world, by using BNB Chain, can be paid instantly in cryptocurrency. The process will avoid the complexities and costs of traditional payment methods. This decentralized system could create a more equitable environment for AI labelers. Furthermore, it ensures that only the best-quality submissions are rewarded.
A New Era for AI Data Tagging with BNB Chain
Zhao’s vision for AI labeling on-chain is heavily reliant on the storage and scalability offered by BNB Chain’s Greenfield. Zhao further notes that additional tools and infrastructure need to be developed to make this vision a reality. The ultimate goal is to streamline AI data processing by creating a more transparent system. It enables instant global payments while ensuring fairness for labelers worldwide.
As the blockchain and AI worlds continue to merge, Zhao Changpeng’s forward-thinking vision is set to redefine the future of data processing. His vision further creates endless possibilities for a decentralized, fairer digital economy.
