Blockchain Technology

• Ethereum Blockchain: MakerAI operates on the Ethereum blockchain, utilizing its smart contract capabilities to manage transactions, data encryption, and user authentication securely. This choice ensures high security and interoperability with other blockchain-based applications and services.

• Smart Contracts: Smart contracts automate many of the platform’s operations, including AI training permissions, data usage agreements, and token transactions. These self-executing contracts with the terms of the agreement directly written into code increase transparency and reduce the likelihood of disputes.

• Data Security and Privacy: Blockchain technology ensures that all user data is encrypted and stored securely. Users have complete control over their data, with the ability to grant or revoke data access explicitly. This setup not only protects personal information but also supports compliance with global data privacy regulations like GDPR.