DAVE Alliance Launched To Redefine How Big Data And Blockchain Companies Collaborate

Blockchain, Group | November 17, 2020 By:

Big data and technology company CyberVein has announced a new alliance aimed at connecting big data, cloud storage, blockchain and Artificial Intelligence (AI) companies, associations, universities and outspoken data activists.

Founded in Singapore, CyberVein is focusing on the enterprise-level blockchain and big-data customized services. CyberVein is building a new smart city based on ubiquitous connection, digital platform, and omnipresent intelligence to promote the integrated linkage effect of learning, research, finance, industry, and politics.

The new alliance, called the Data Analytics and Valuation Engine (DAVE), adheres to the principle of co-creation, especially when it comes to cybersecurity and intercommunications. Its objective is to unlock the true value of data by creating a new standard and monetizing it, allowing both businesses and individuals to reap the benefits of big data analytics. Each member of the Alliance serves as a thought-leader, a subject matter expert and a service provider for its respective area of expertise, such as onsite or cloud storage, AI/ML algorithms, (cloud) computing, distributed hardware, and big data collection and processing.

The DAVE Alliance building blocks are as follows:

– Business needs, there are a large number of emerging companies, big data research institutes, and consulting firms that all have need of digitalization, streamlining and blockchain integration, thus the DAVE Alliance came into being.

– Data collection, after voting to join the DAVE Alliance, data is stored locally to ensure data privacy and security, and metadata is shared, opened and exchanged with other members of the alliance so that big-data as a collective can be fully and effectively used.

– Asset management, members who join the DAVE Alliance need to integrate the PISR database, and access to the database requires other alliance nodes to vote and to ensure that the database operation is recorded on chain to prevent destructive operations from happening.

– AI modeling, if computing power is required for calculation and model building in business requirements to improve work efficiency and reduce working time, one can choose to pay for a large amount of transparent, high-quality GPU power (Cytrix, Golem, SONM), and support multiple scenarios AI training.

– Data analysis, “Ensure data security and open metadata to build a community together” is the basic principle of DAVE Alliance. If the business needs include model building, one can pay to use the online model building environment in the alliance to achieve interactive online model building, plug-n-play components, offline model training and deployment through federated learning.

CyberVein encouraged crypto companies to join the DAVE Alliance and unite, instead of being a single service provider. CyberVein said that being a part of the DAVE Alliance means integrating into a complete big-data collective, which will result in new business opportunities. The alliance is set to monetize the data transactions, it will also distribute 20% of its annual profits to the alliance members.

“Imagine the DAVE Alliance as an open archive of metadata, similar to an open library,” Stated Jack Ge, CyberVein Global Ambassador. He continued: “Alliance members would be able to run analytical models without accessing the actual data.”