The Convergence of AI and Blockchain: Ta-da’s Revolutionary Approach to Data Collection and Training
Artificial intelligence (AI) and blockchain represent two rapidly growing technological innovations with the potential to radically transform society through a range of applications and uses.
While these fields initially had different objectives, they demonstrate a significant potential for fusion, offering revolutionary approaches to solving concrete challenges.
An excellent example of this synergy is embodied by Ta-da, a bold project aiming to redefine data collection for AI model training.
This article is brought to you in collaboration with Ta-da (learn more)
The Problem Ta-Da Solves
An AI model is trained on specific data sets to develop. The quality of an AI model (such as ChatGPT or Alexa) directly depends on the quality of the data provided for model training.
In this context, Ta-da stands out as a pioneer in a new market, aiming to revolutionize the way data is collected, processed, and used for AI training.
By offering a decentralized and secure platform thanks to blockchain technology, Ta-da addresses a crucial need for transparency and efficiency, while ensuring fair compensation for those who contribute to the data ecosystem.
Data Production on Ta-da
Let’s take the example of a company that wants to develop a new voice assistant. To train this AI, they are looking for English voice recordings to train their system.
The company posts an advertisement on Ta-da, detailing their specific needs, the desired criteria for the recordings, and a budget allocated to compensate contributing users.
Ta-da takes care of this request, breaking it down into a series of micro-tasks distributed to users (the producers) who meet the established criteria, in this case, English speakers.
After ensuring the quality of their recording, the user submits it to Ta-da. At this stage, the validity of the recording is not yet confirmed: it is possible that a malicious user has submitted a non-compliant or empty recording.
To authenticate the recording, it is sent to other Ta-da community members who act as verifiers. They receive the recording along with a voting form that asks several questions, such as the presence of background noise or verification of the spoken sentence. Each verifier listens to the recording and fills out the form accordingly.
Once the verifier is confident in their answers, they submit them to Ta-da. Based on the verifiers’ votes, Ta-da can determine the validity of the data.
Ta-da serves a dual purpose: the platform enables both data production and verification on a single interface, creating significant economies of scale for client companies.
The Role of Blockchain in Ta-Da
The use of blockchain in Ta-da brings undeniable added value, particularly in terms of traceability and transparency of the data generated by the community.
It also ensures that Ta-da does not validate its own contributions, a crucial precaution to maintain the platform’s integrity.
This complete tracking functionality is essential for companies investing in this data.
Furthermore, the blockchain allows data producers on the platform to benefit from the transparency of the technology: each participant can examine the reasons for a potential reduction in their earnings, verify the absence of fraud in the validation process, and confirm the legitimacy of the validated data.
The blockchain also ensures secure fund management for users who produce and verify data in order to generate an income.
The principle of “not your keys, not your coins” is fully applicable here, giving users complete control over their funds. By eliminating centralization and intermediaries, Ta-da enables companies to achieve economies of scale and offer more attractive compensation to users.
Gamification: Motivating Ta-da Usage through Competition Among Participants
To enhance user engagement, Ta-da introduces a league system, turning the application into a competition! Within this system, participants compete against opponents of similar skill levels, creating a productive emulation within the community.
Each week marks the end of a cycle, after which the top 20% of performers advance to a higher league, where new challenges await them.
Conversely, the bottom 20% are encouraged to redouble their efforts by being demoted to a lower league, while the remaining 60% maintain their position, giving them the opportunity to refine their skills before attempting to climb again.
In parallel, Ta-da enhances the user experience with specific gamification elements, such as the “Battery” system, directly linked to each user’s energy level. This system allows users to recharge their energy bar, providing them with a defined number of energy points (e.g., 10, 20, or 50 points) based on the chosen battery size.
The more powerful the battery, the higher its cost. This mechanic not only encourages users to stay active on the platform but also affects their potential earnings, directly linking gameplay performance to compensation.
Utilities of the Ta-da Token (TADA)
At the heart of the Ta-da ecosystem, the TADA token plays a fundamental role, acting as the main financial and incentive vector of the platform.
This native cryptocurrency not only facilitates transactions within Ta-da but is also at the center of the staking mechanism designed to reward active participation and user engagement.
TADA token holders have the option to “stake” them, temporarily immobilizing them on the platform to earn a share of the profits generated by the application.
Furthermore, the TADA token is essential for the task validation process on the platform. Users must lock a certain amount of tokens to participate in the data verification process, ensuring a high level of accountability.
Tokenomics of TADA
The TADA token sits at the core of the ecosystem, serving as the financial means for both data providers and clients who purchase the data.
Distribution of Ta-da Tokens (TADA)
The total supply of TADA tokens amounts to 1 billion units. In its introduction in February 2024, only 4.89% of these tokens, or 48.9 million, are accessible. Afterward, new tokens become available every 10th day of each month; for example, on August 10, 2024, 21.4% of the tokens, equivalent to 214 million units, will be released, according to information provided by CryptoRank.
- Funding Rounds (27.6%): This category encompasses the pre-seed, seed, and private sale phases to bootstrap the company’s activity.
- Ecosystem and Community (26.4%): Stimulates innovation and growth by encouraging ecosystem actors to create products and services that enrich Ta-da, and rewards early contributors (beta testers, moderators).
- Team and Advisors (23%): Rewards and motivates current and future members of the Ta-da team, encouraging continuous improvement and innovation.
- Treasury (20%): Establishes a reserve for future needs and unforeseen circumstances, ensuring the availability of tokens required for the project.
- Growth (4%): Used in collaboration with MultiversX to reward users of the ecosystem and community.
In addition, each category follows a specific vesting scheme described in the image, gradually releasing tokens into the market and preventing a few actors from manipulating the price.
Conclusion
Ta-da perfectly illustrates the convergence between AI and blockchain, offering a solution that not only improves data collection but also establishes the foundation for a more open, fair, and transparent data market.
As the world continues to witness the rapid evolution of AI and blockchain technologies, Ta-da and similar projects demonstrate the immense potential of these technologies when combined in creative and strategic ways.
Want to learn more about Ta-da? Check out our exclusive interview with Ta-da’s President, William Simonin, below.
