Computable Labs is a San-Francisco based technology company developing a decentralized market protocol for data in artificial intelligence applications. The company is building upon the Ethereum blockchain and artificial intelligence to provide records of ownership and control the access of data. The company aims to provide users universal control of their data flow with smart contracts verifiable with unique digital signatures. When combined with regulatory data privacy standards like CCPA and GDPR, this powerfully makes data ownership enforceable.
Computable Labs is developing a set of protocols that govern the right of data to their owners using the blockchain technology. The company claims that the absence of an open and transparent market for data leads directly to negligence and misappropriation by the powerful. The protocol, Computable Labs is working on allows ubiquitous ownership of the data in a transparent, decentralized market.
The application developers can build upon the protocol to implement data affinity. The data shared through these applications will have a provable relationship with the owner, thereby allowing users to track the use of their data, permissions, and usage of data by another party. Users and companies can pool their data, then choose to sell their data in a marketplace. The company published its Whitepaper on Jun 10, 2019.
Computable Labs is exploring a new method of obtaining tokens called Proof of Purchase (PoP), wherein, a reward is provided to the purchaser of data verified by the blockchain. The protocol will implement market sizes in which broader markets will carry more weight for their purchase to prevent fraudulent users from exploiting the system.
Computable Labs | Lux Capital
June 10, 2019
Computable.io Company Profile: Valuation & Investors | PitchBook