Prove AI Selects Hedera for Enterprise AI Governance

The move to Hedera, known for its decentralized governance and low-cost transactions, strengthens Prove AI’s focus on transparency and tamper-proof auditing.
The collaboration is seen as mutually beneficial, improving Hedera’s position in the blockchain space and enabling Prove AI to offer enterprise-grade solutions.

Prove AI AG, popular for its AI governance solutions, recently announced the launch of its artificial intelligence product on the Hedera blockchain network. The Prove AI platform enables companies to securely manage their AI training data and ensure compliance using Hedera’s secure and scalable infrastructure.

Thus, Hedera’s blockchain infrastructure will also help Prove AI offer governance solutions to companies interacting with AI developments and regulations. Formerly Casper Labs, Prove AI launched its network on the Casper blockchain while focusing on transparent governance and tamper-proof auditing of its AI models.

However, the company later decided to completely migrate to the Hedera blockchain to provide companies with decentralized, enterprise-grade governance solutions. Speaking about the development, Prove AI CEO Mrinal Manohar said:

Hedera’s proven commitment to providing a truly enterprise blockchain environment mirrors ours, which makes it a natural partner as we introduce Prove AI to the broader market.

Hedera Hashgraph is one of the leading networks in the blockchain space, known for its high throughput, decentralized governance, and low-cost fixed transactions, making it ideal for global enterprises. These characteristics are crucial for industries that demand unparalleled accountability and transparency.

With the consensus mechanism ensuring data immutability, companies using Prove AI can trust the accuracy and reliability of their AI training data. Additionally, there were also talks about Hedera entering into a partnership with Microsoft, CNF reported.

A win-win situation for Prove AI and Hedera Network

This strategic collaboration between the two players is a win-win for both – Prove AI and the Hedera blockchain. Furthermore, this development will increase HBAR’s stronghold in the crypto space while making it an essential blockchain for developing scalable and trustworthy AI governance.

Hedera’s simplified blockchain, combined with Prove AI’s robust governance tools, aims to address key AI challenges such as compliance, transparency and security. Commenting on this Prove AI alliance, Hedera President Charles Adkins said:

Prove AI, as an immutable, tamper-proof database, brings a level of trust to risk management in AI systems, which perfectly aligns with our mission to provide a secure and scalable foundation for builders and enterprises.

He also said that one of Hedera’s attractive factors for companies is the network’s speed, security and energy efficiency. For the same reason, players like Karate Combat have chosen the Hedera blockchain for their Web3 sporting adventures, CNF reported.

HBAR is down 2% in the last 24 hours, trading at $0.05169. This performance is in line with the broader market trend as bears have taken control following Bitcoin’s inability to reclaim the $70,000 mark during its recent rally.