Pundi AI has been integrated with MWX, which will create the first ever decentralized AI marketplace for small and medium enterprises (SMBs). This unprecedented collaboration will help connect the traditional ways of business with the evolving decentralized form of artificial intelligence (AI).
By leveraging the reliability of Pundi AI’s verifiable data infrastructure, this joint effort will be able to create on-chain value products from historically unused or lost aggregated business information silos. This will provide valuable business-related insights that can be used as a tool for OpenAI.
Strengthening the backbone of the global economy
More than 90% of the world’s companies are classified as small and medium enterprises. However, the adoption of advanced AI technologies by these organizations has become a near-impossible challenge due to the high implementation costs and limited skills available. As a result, MWX was created specifically for this underserved sector. It is supported by the Indonesian Ministry of SMEs and Industry and major technology companies such as Google and Amazon Web Services.
By forming this partnership, MWX has created a vast network of more than twenty pre-configured AI applications available on its marketplace that integrate with Pundi AI’s decentralized data network. This allows small to medium-sized businesses to use AI for marketing, operations and finance, while securely monetizing their data through a verifiable process.
Verifiable data – Solving the AI provenance crisis
A significant limitation in the advancement of AI today stems from the reliance on unverified/stable data, which causes ‘hallucinations’; instead, Pundi AI provides a “verifiable data infrastructure” to combat this limitation. This ecosystem allows users to upload their own data, where it is verified, formatted, and then stored on-chain.
The plan is to train AI models using real community-curated data that has an auditable trail for use as a ‘layer of truth’ by AI agents, enabling a more transparent and accountable digital economy. Data integrity will become the norm across the industry, as evidenced by Pundi AI’s recent collaboration with InitVerse to eliminate all centralized dependencies within data pipelines.
Scaling up the AI economy in the chain
This joint effort represents a larger onboarding initiative, as opposed to a simple technical integration. The premise of the alliance is to attract and onboard 100,000 SMEs from Indonesia alone. This partnership will provide the key impetus for both the Tag-to-Earn and Data-to-Earn models. As SMEs move up the chain, they will move from passive bystanders to an active role in AI, as they will own the data and AI intelligence they helped create.
According to data collected by Stanford University, AI use in business has grown by 55% over the past twelve months. The need for decentralized options is clear; If not developed quickly, centralized “Big Tech” companies will continue to dominate the benefits of this technology industry.
Conclusion
The partnership is a huge milestone towards a truly decentralized and inclusive digital economy. The two companies also provide tools to 400 million small and medium-sized businesses (SMBs) to help them connect, verify, and monetize their on-chain data. This will help develop AIs that are “for everyone, everywhere” as we move into the future, and as these data sets evolve into the foundation for future AI agents, the line between physical things and blockchain will continue to blur.