Fetch.ai has launched DabbaFlow, an open-source and machine-learning-powered network that enables smart infrastructure to be built.
Fetch.ai stated in a press release that its ready-made encrypted file-sharing software is unique and empowers businesses and organizations to secure their data. DabbaFlow utilizes Fetch.ai’s blockchain benefits to preserve privacy of sensitive data that is transmitted over its railroads. Every data sent through this product will be auditable, secure and traceable. This is a vital guarantee for protecting and maintaining business reputation.
Given the rapid growth of online data, accelerated by COVID-19’s pandemic in early 2020, the solution was born out of necessity. There is an increase in hacking and unauthorized access to data online as more companies go online. Businesses and victims can suffer from these breaches, especially if the businesses are involved in sensitive sectors such as finance and healthcare. The resulting loss of business and reputational damage can adversely affect the entity’s ability to expand, partner, or even do business.
A secure file-sharing platform has become a necessity. Fetch.ai has therefore stepped in to provide a service to help businesses that are looking for a better product to protect their data and allow them to process it further. DabbaFlow, according to Humayun Sheikh, Founder, and CEO of Fetch.ai, offers a file transfer system and is also a data management tool for creating “powerful AI models”.
“If data is the new oil, we need rigs and refineries that keep up with the times. It is now becoming clear to all that data can be valuable. As the world shifts to more secure, decentralized solutions, there are new business models emerging. DabbaFlow is here to provide the data management tools to create powerful AI models that are relevant to a distributed web.”
DabbaFlow offers multiple layers of encryption and high-performance, as well as end-user control, while being private and secure. The creators of Fetch.ai say the product represents their first step in their overall mission to link artificial intelligence and web3. Besides offering a file transfer system, the tool will provide Fetch.ai’s CoLearn with a reliable and auditable data layer with robust controls. This provision makes it easier for clients and machine learning models to communicate with data.