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Changpeng Zhao (CZ), the founder and former CEO of Binance, announced that tasks such as artificial intelligence data labeling can be carried out more effectively using blockchain technology. He stated that this approach would eliminate geographical restrictions and leverage low-cost labor. CZ also pointed out that instant payments using cryptocurrency would become possible.
Efficient Data Labeling with Blockchain and Cryptocurrency
In a statement made on his personal X account, CZ emphasized that blockchain-based systems provide access to low-cost labor on a global scale. This method allows users to work without geographical limitations and receive immediate cryptocurrency payments. Particularly for high-demand tasks like artificial intelligence data labeling, this infrastructure can reach a broader participant base.
CZ expressed that the BNB Chain’s Greenfield project provides storage capacity within this ecosystem. However, he noted that additional tools are needed to make the process more efficient.
Experts suggest that the system pointed out by the founder of Binance could offer a more transparent and faster solution compared to traditional methods. Conducting business processes on the blockchain can enhance security and reduce costs. CZ stated that this innovation would create new opportunities by increasing global participation, especially with the ability to make instant payments for micro-tasks, making blockchain an ideal solution.
CZ Calls on Developers: Let’s Build Tools Together
CZ indicated that there is a need for more tools to develop the blockchain-based artificial intelligence ecosystem. He called on developers, stating, “Let’s build these tools together.” He emphasized that collaboration among actors in the ecosystem is necessary for the advancement of existing projects.
CZ also highlighted that the principle of decentralization in blockchain would empower users. He underscored that a foundation could be established wherein everyone can participate under equal conditions. By combining blockchain with artificial intelligence, CZ aims to provide more effective and inclusive solutions.
