Space and Time Debuts “Proof of SQL” for Verified Query Results
Leading decentralized data entity, Space and Time, has unveiled its newest offering: Proof of SQL. This innovative zero-knowledge proof is designed to guarantee the authenticity of queries. As a result, users of Space and Time’s decentralized data network can be assured of the accuracy and integrity of their query results due to the system’s zk-proof which yields a SNARK cryptographic proof of any query performed.
Jay White, Co-Founder and Head of Research at Space and Time, emphasized the potential of this convergence of secure data, enhanced computing, and informed decision-making. He noted that its implications span across multiple sectors from financial services to healthcare and gaming, especially as blockchain technology gets incorporated.
Businesses can benefit from the assurance that the underlying data driving their operations remains unaltered, providing a much-needed transparency to SQL-based business processes. This is particularly vital in sectors where data directly correlates with monetary value, such as in financial services.
Further, the Proof of SQL paves the way for large language models (LLMs) to verify their training on genuine, unaltered data. As businesses increasingly integrate AI into their operations, such verification becomes crucial to its responsible application. Hence, with Proof of SQL, Space and Time are taking a decisive step towards a future where AI operations can be fully verified.
Another significant aspect of the Proof of SQL is its ability to maintain the blockchain’s zero-trust model. It does so by allowing applications to execute a query within the Space and Time data warehouse and condense the result to a smart contract, while ensuring the data remains genuine.
A noteworthy implementation of this system is seen with Lendvest. Joshua Gottlieb, its founder, shared his enthusiasm for being among the initial protocols to utilize Proof of SQL. He highlighted its efficiency in verifying unaltered credit scores directly on the chain. Lendvest, which computes on-chain credit scores based on both on-chain and off-chain financial behavior, employs Proof of SQL to ensure that each score is both verifiable and accurately linked to the appropriate wallet address.
About Space and Time
Space and Time is the world’s first AI-powered decentralised data warehouse, bringing together tamper-proof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has created a novel cryptography known as Proof of SQLSM, which allows developers to connect analytics directly to smart contracts, enabling a plethora of powerful new use cases and business logic on blockchain technology. Space and Time is designed from the ground up to be a multichain data platform for developers working in financial services, gaming, DeFi, or any other project that requires verifiable data across enterprise, blockchain, and AI.
About Lendvest
Lendvest is collecting on-chain lending data in order to generate a verifiable credit score for DeFi protocols. Lendvest, powered by Chainlink, is quickly becoming the most decentralised credit scoring protocol. This credit system would enable decentralised lending platforms to algorithmically assess an individual user’s risk profile, resulting in higher risk-adjusted returns for the platform and better terms for the user.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
