Decentralized Platform for AI Assets using Blockchain and NFT’s

Abstract

Abstract - The paper referenced proposes a decentralized marketplace model for trading, verifying, and managing the ownership of AI models by means of blockchain and NFTs. Given the need for trusted exchange and provenance in the management of AI assets, the authors propose a system wherein AI models and datasets are represented as NFTs on a public blockchain, providing transparent, traceable, and secure transactions. Smart contracts automate auctions, royalty distributions, and ownership transfers. Further security and privacy are provided by TEEs, proxy re-encryption, and decentralized storage (IPFS). Collaboration is enabled through the architecture, which allows contributors to improve and resell models, while royalty schemes guarantee fair compensation for creators. Details of the implementation include smart contracts in Solidity and cost analyses for transaction efficiency. Evaluation in terms of security is resilient against Sybil and Eclipse threats. It is also set up as broadly adaptable to both public and private AI assets and easily generalizable to other situations of digital assets to ensure robust provenance, fair remuneration, and trustless exchange. Key Words: Blockchain, Non-Fungible Tokens(NFTs), Decentralized AI marketplace, Smart Contracts, Digital Ownership