Newsletter

• Space and Time Have launched Space and Time Enterprise. This is a platform that allows enterprises to prove the correctness of calculations performed on private data without exposing the underlying records.
• The first batch of partners includes Maple Finance, Indomobil, Trenez, and The Data Foundation; companies can also run the software on their own servers without needing to operate a blockchain.
• Space and Time Developer MakeInfinite Labs Chief Executive Officer Nate Holiday Tell Decrypt , AI An agent "does not need to have unrestricted access to the records behind each calculation".

Space and Time is a blockchain data project that has received support from Microsoft. The company announced on Monday that it has launched a platform designed to allow enterprises to use private data within AI tools without having to hand over the underlying records.

Space and Time Enterprise Allows companies to prove that the calculations based on their private data are correct; therefore, AI applications, auditors, and other stakeholders can verify the results without accessing the database itself. The first batch of partners includes on-chain asset management company Maple Finance, Indonesian automobile manufacturer and distributor Indomobil, Oracle software consulting firm, Trenez, as well as AI data network The Data Foundation.

"Companies hope that AI agents can use this information to execute workflows, but these agents do not need to have unrestricted access to the records behind each calculation," Space and Time, the original developer, MakeInfinite Labs, the CEO, told Decrypt.

Holiday believes that the stakes involved are significant. "For a company, the potential cost is the value of the entire enterprise," says Holiday. "Allowing AI tools unrestricted access to data creates another potential point of exposure."

Holiday indicates that the company is collaborating with clients in industries such as construction, engineering, and manufacturing. These clients wish to rebuild their systems around AI, enabling agents, reporting tools, and compliance teams to work based on the same set of business records and to verify the calculations they rely on.

Proof of SQL and SXT tokens

The platform is built on Proof, of, and SQL. This is a patented technology of Space, and, and Time, which is used to verify whether database queries are calculated correctly. The company claims that this technology can now be used in conjunction with Google Cloud's BigQuery. Moreover, enterprises can now run it on their own servers without the need to operate a blockchain, purchase specialized hardware, or rely on external verification services.

Holiday stated that with the acceleration provided by GPU, queries that can run on millions of rows of data can be completed within a second, although the actual performance depends on the query, hardware, and dataset.

This technology can prove whether a certain calculation was correctly performed based on the given records, but it cannot determine whether those records were accurate in the first place. "Incorrect entries still need to be discovered through the enterprise's data controls," says Holiday, "but verification will provide a stronger foundation for these controls: which data was used, and evidence of whether it was properly processed."

In 2022, Space and Time raised $20 million in a round of strategic financing led by Microsoft's venture capital fund M12. Last year, Grayscale launched a trust product that allowed investors to access SXT – the token that powers the blockchain for Space and Time. Earlier this year, the company introduced Dreamspace, a AI tool built using Microsoft's Azure AI services, which enables users to create and deploy blockchain applications without writing code.

Space and Time are still operating SXT Chain, which is a decentralized network that provides verifiable data for DeFi, tokenized assets, and stablecoins. When asked whether corporate clients would create demand for SXT, Holiday stated that companies can deploy this product in their own environments, and when their applications "need to connect to on-chain markets," the network will come into play. These workloads will be paid for through Space and Time.

The company's cryptography technology is also used in other areas. Holiday states that Microsoft's Nova project includes cryptography acceleration libraries for Blitzar —– Space and Time; and the team's work on a commitment plan named Dory has also contributed to the a16z crypto Jolt proof-of-concept systems.

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