Fetch.ai Announces DabbaFlow, A File Sharing and Data Management Platform
28 Junio 2022 - 11:22AM
NEWSBTC
Fetch.ai, the development team building an open-source, machine
learning-powered network for smart infrastructure and customizable
dApps, has launched DabbaFlow. In a press release, Fetch.ai said
the ready-made and end-to-end encrypted file-sharing system is the
first of its kind and would empower businesses and entities to take
control of their data privately and securely. Notably, DabbaFlow
leverages the benefits of the Fetch.ai blockchain to ensure privacy
preservation of all sensitive data transmitted on its rails. All
data piped through the product will be auditable and secure, a
guarantee vital for maintaining and protecting business reputation.
The solution is borne out of necessity, considering the exponential
expansion of data online accelerated by the COVID-19 pandemic of
early 2020. With more businesses coming online and uploading data,
there is also an increased risk of hacks and unauthorized access by
third parties. These breaches can be consequential to victims and
businesses, mainly if they are engaged in data-sensitive sectors
like healthcare and finance. The resulting loss of business and
reputational damage can adversely affect the entity’s ability to
expand, partner, or even do business. Accordingly, the demand for a
secure file-sharing platform is paramount. Fetch.ai is, therefore,
timely providing a solution to cater to businesses desirous of
using a superior product in the digital age to shield data against
unapproved access while being a conduit for further processing.
DabbaFlow, according to Humayun Sheikh, Founder, and CEO of
Fetch.ai, offers a file transfer system and is also a data
management tool for creating “powerful AI models”. “If data is the
new oil, we need rigs and refineries that keep up with the times.
People are beginning to understand how valuable their data is. With
the paradigm-shifting towards more secure and decentralized
solutions, new business models are emerging. DabbaFlow is here to
provide the data management tools to create powerful AI models that
are relevant to a distributed web.” DabbaFlow provides multiple
layers of encryption, high performance, and end-user control while
remaining private and secure. Fetch.ai creators have said the
product is their first push in their overarching mission of linking
artificial intelligence with web3. Besides offering a file transfer
system, the tool will provide Fetch.ai’s CoLearn with a reliable
and auditable data layer with robust controls. With this provision,
it becomes easier for clients to use data and interact with machine
learning models for deeper, more thorough analysis
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