Space and Time Announces Launch of Its Proof of SQL to Enhance Its Decentralized Data Network

Key highlights

• Space and Time’s Proof of SQL launch is set to introduce a zero-knowledge proof for queries to its ecosystem.
• With the Proof of SQL debuted on Space and Time, enterprises can guarantee the integrity of their business data, ensuring transparency in processes built on SQL.

Leading decentralized data company, Space and Time has announced today the launch of a novel zero-knowledge proof for queries dubbed “Proof of SQL,” marking a significant milestone in the decentralized data network’s space.

The Proof of SQL mechanism will allow customers to create data-driven decentralized applications (dApps) and business processes with verified data and computations. By generating a SNARK cryptographic proof of query execution, Space and Time ensures that the query results are precise and free from any tampering or manipulation.

Notably, Space and Time’s AI-powered decentralized data warehouse is bridging the gap between tamperproof on-chain and off-chain data. Their Proof of SQL technology directly connects analytics to smart contracts, unlocking numerous powerful use cases and business logic within the blockchain ecosystem.

Proof of SQL to Enable Transparency in AI Verifications

The company believes that Proof of SQL provides a robust framework for addressing the growing need for transparency in AI applications. As large language models (LLMs) become increasingly integrated into business processes, the verifiability of data becomes critical to ensure responsible AI usage.

Hence, the release of the Proof of SQL technology is laying the foundation for a future where AI applications can be transparently verified. The cryptographic verification of data integrity allows applications to run queries in the Space and Time data warehouse and transfer the results to smart contracts without compromising the blockchain’s zero-trust model.

Proof of SQL to Facilitate Transparent and Verifiable Data in Smart Contracts and Enterprises

It is interesting to note that the development unlocks loads of new opportunities for transparent and verifiable on-chain and off-chain data in diverse industries. One of the notable benefits of Proof of SQL is its ability to enable enterprises to safeguard the integrity of their business data, thereby ensuring transparency in business processes built on SQL. This feature is particularly crucial in industries where the accuracy of data directly influences financial services.

Jay White, Co-Founder and Head of Research at Space and Time, expressed his excitement about the potential of combining tamperproof data, advanced computing capabilities, and data-driven decision-making. He envisions a future of unprecedented innovation and efficiency across industries like financial services, retail, healthcare, gaming, and more, as decentralized and traditional systems seamlessly collaborate.

Lendvest Becomes Early Adopter of Proof of SQL to Verify On-Chain Credit Scores

The implications of Proof of SQL extend to the development of sophisticated data-driven dapps. This includes the implementation of a credit-scoring protocol that leverages tamperproof data to generate on-chain credit scores.

Lendvest, a ChainLink-powered decentralized credit scoring protocol, revealed that it has adopted the use of Proof of SQL on its protocol. Hence it is already employing this gas-efficient verification method to calculate on-chain credit scores based on users’ on-chain and off-chain financial activities. This ensures that each credit score is accurate, verifiable, and tied to the correct wallet address.

Lendvest is known for calculating on-chain credit score based on a user’s on-chain and off-chain financial activity. Expressing their excitement on the early adoption of Space and Time’s Proof of SQL, Joshua Gottlieb, the Founder of Lendvest said:“We’re excited to be one of the first protocols using Proof of SQL as a gas-efficient way to verify tamperproof credit scores on-chain.”

“Lendvest leverages Proof of SQL to prove that each credit score is verifiable, was calculated correctly, and is tied to the right wallet address,” Joshua added.