1. Data Supply Side: C-end Individual Users

As we all know, the large-scale leakage of personal data has become a social problem that has plagued people for a long time. In recent years, with the development of the IoT and the popularization of smart devices, this problem has become more and more serious. Privacy cannot be guaranteed, which restricts the willingness of people to share their Data. In the Web2 era, people's data are owned by various institutions and Internet monopoly platforms, and are abused everywhere without the user's authorization. People cannot own their data, nor can they benefit from their data. After the advent of the Web3 era, people's awareness of data sovereignty began to awaken, and the global data democratization movement is in full swing. People began to demand to own their data, monetize their data with privacy preserved, and make money for themselves through data transactions. At the same time, people hope to use their data to enjoy personalized services with the help of AI, and have a personalized AI assistant.

BitDance can help users achieve trusted collection of personal data at the source in real time and ensure its integrity and traceability by the integration of blockchain and AIoT. At the same time, BitDance can help users realize data ownership confirmation through asymmetric encryption and digital signatures. Furthermore BitDance can also help users conveniently manage and authorize data through digital wallets, realize data monetization through smart contracts and cryptocurrencies, and continue to obtain economic benefits and rewards from data transactions. Through privacy computing and AI LLMs, BitDance can provide personalized AI assistants to users with privacy preserved.

2. Data Demand Side: B-end Enterprise Customers

AI companies are the largest buyers of personal data. The training and inference of AI large language models require a large number of high-quality data sets, while the collection of data lacks credibility and traceability until now. Driven by interests, data fraud and adulteration are common. Currently, the training data of AI models mainly comes from the public Internet. With the rapid development of AI, these public data will be exhausted. In the future, if AI wants to make further progress, it must expand new data sources by shifting from public data on the Internet to private data, and realize the evolution from general AI to personalized AI. Given the high sensitivity of personal data, the challenges faced by AI companies in this revolution will be even more arduous.

BitDance builds a Decentralized Physical Infrastructure Network (DePIN) of private data for AI, which enables trusted data collection with AIoT devices, and builds a decentralized data market through privacy computing chips in TEE. In this way, sustainable data services will be provided by individuals for the training and inference of AI LLMs (Large Language Models). AI companies can purchase personal data in the market according to their own needs, and provide personalized AI services for individuals.

3. Data Regulator: Governments

At present, governments around the world attach great importance to the security of personal data and have successively introduced various strict regulatory policies (including but not limited to Europe's GDPR, the United States' CCPA, and China's Personal Information Protection Law). Under the strict supervision of the governments, traditional Web2 data markets are struggling. These centralized data markets are easily hacked to cause large-scale data leaks. It can be said that it is only a matter of time before something goes wrong. Under the pressure of the government's increasingly stringent regulatory policies, the market prospects of those companies are worrying.

BitDance adopts the decentralized architecture design of Web3, uses blockchain and privacy computing in TEE to help users realize data ownership confirmation and privacy preserved, and helps governments realize effective supervision of personal data security. At the same time, it breaks the data silos, realizes data monetization, and promotes the circulation of personal data, so that everyone can enjoy the dividends of the digital age. Therefore, the governments are the partners and strong backers of BitDance. The strict personal data regulatory policies are beneficial and the biggest traction for BitDance to develop the market.