New technologies impose new requirements for money. One case in point is the evolving AI systems; they need a new data service infrastructure that enables efficient data and infrastructure markets so that AI models can access the right data on demand without human intervention. Membrane Finance’s EUROe is a core component in enabling the emergence of efficient & compliant data markets.
On 30 May 2023, deltaDAO AG, a Gaia-X member, announced they had settled the first Gaia-X AI & Data Market transaction powered by Ocean Protocol and Polygon Labs. Using EUROe, a MiCA-compliant euro-stablecoin issued by Membrane Finance, for transaction settlement, deltaDAO facilitated the simultaneous sale & purchase of an example electronic vehicle battery pack production data set along with the subscription to an AI analysis service and infrastructure services for computation of the carbon footprint and digital product passport. An optional fee has been added to show that the transaction and computation can be voluntarily CO2 offset by simultaneously purchasing a CO2 compensation product.
deltaDAO presented the achievement to the German Federal Ministry for Economics and Climate Action (BMWK) on 26 May, marking the first production transaction of the system, including the necessary real-time (micro-)payments. deltaDAO’s AI, data and infrastructure market supports IP-preserving data, AI, and infrastructure monetisation in a compliant and sustainable way. It promotes new & existing business models and incentives for all open AI & data economy participants while protecting IP and company secrets where necessary.
By utilising EUROe on the Polygon blockchain, the total costs of the transaction were approximately 0.21 euros. Additionally, the transaction was settled atomically & automatically on-chain without delays as opposed to the high operational & banking costs that would have been realised using legacy systems. Using EUROe for transaction settlement, deltaDAO ensured compliance with financial regulations and best practices in documentation, taxation, and invoicing. EUROe enables use cases previously impossible, thanks to its compatibility with automated micro-payments on several blockchains.
This transaction showcases the potential of combining data, AI, carbon offsetting, and blockchain technology to achieve a fairer, faster, and technologically more advanced tomorrow. Membrane Finance and the EUROe team are extremely delighted to support innovative and emerging actors in the European federated and secure data infrastructure space.
Looking ahead, Membrane Finance is making decisive strides in enabling new data-driven business models. If you are ready to monetise your data, software, or infrastructure services in a secure, compliant, and sustainable way, we invite you to join us on this pioneering journey. Together, we can redefine the future of digital finance and foster a more inclusive, open, and vibrant data economy.
Thank you to deltaDAO, Ocean Protocol, Polygon Labs, and Gaia-X for building important technology for tomorrow.