Space and Time, a firm that describes itself as an AI-powered data warehouse, announced the launch of its Proof-of-SQL product on Aug. 2.
Proof-of-SQL is capable of proving that the data returned in applicable queries is accurate and has not been tampered with. This verification is accomplished through zero-knowledge (ZK) proofs, which generate a SNARK cryptographic proof-of-query execution within Space and Time’s decentralized data network.
Jay White, Co-Founder and Head of Research at Space and Time, said:
“We believe that data will enhance the interoperability between the on-chain and off-chain ecosystems, fostering greater collaboration between decentralized and traditional systems.”
White added that Proof-of-SQL can “unlock new levels of innovation, efficiency and user satisfaction” across many different industries including finance, retail, healthcare, gaming, and any area that makes use of blockchain.
The product can be used with both on-chain and off-chain data.
Proof-of-SQL relevant in many areas
Space and Time noted that Proof-of-SQL is particularly useful in the financial industry, where monetary value has a direct relationship with data.
The company also described how Proof of SQL can be used in relation to artificial intelligence (AI). It said that the product can be used to verify that large language models (LLMs) are trained on accurate and tamperproof data. It said that this capability can ensure that AI is applied responsibly as it becomes more commonplace in business.
The firm additionally noted that, in the blockchain industry, developers can use Proof-of-SQL to create smart contracts and decentralized apps (dApps) which verify data without compromising the trustless security model of blockchain.
The company said that Lendvest, a Chainlink-powered protocol that uses on-chain credit scores, is one of the first projects to make use of Proof-of-SQL.
Space and Time was founded in 2022. It raised $10 million and $20 million in two separate funding rounds that year. As blockchain and AI technologies continue to evolve, Proof-of-SQL’s ability to provide data accuracy and integrity could play a significant role in the development of these sectors
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