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Home » Space and Time Partners with Matter Labs to Propel Web3 Data Integrity

Space and Time Partners with Matter Labs to Propel Web3 Data Integrity

Forging a New Standard in Web3 Data Integrity

Kelly Cromley by Kelly Cromley
Mar 15, 2024
in Market News, News
Reading Time: 2 mins read
0
Space and Time

Space and Time, renowned for its integration of artificial intelligence with blockchain technology, has announced a strategic partnership with Matter Labs, the brains behind zkSync. This collaboration heralds the launch of Space and Time’s network on a zkSync hyperchain, introducing a groundbreaking Verifiable Compute Layer powered by zero-knowledge proofs. This advancement promises to revolutionize data handling in smart contracts, Large Language Models (LLMs), and enterprise applications, ensuring trustworthy and immutable outcomes.

Empowering Web3 Developers with Transparent Data

In response to the growing demand for transparent data in the decentralized Web3 landscape, Space and Time is committed to providing crucial infrastructure to support developers. By facilitating the integration of blockchain-indexed data with off-chain datasets, Space and Time ensures the accuracy and security of data returned to smart contracts, thereby fostering trust in decentralized applications.

Decentralized Data Warehousing Redefined

At the core of Space and Time’s innovation lies its decentralized data warehouse—a fusion of transactional and analytical databases. Utilizing Zero-Knowledge (ZK) proofs, this warehouse guarantees data integrity, essential for training advanced AI models and ensuring reliable insights.

Catalyzing Innovation in Blockchain

The collaboration between Space and Time and zkSync signifies a leap forward in blockchain innovation. By leveraging zkSync’s cutting-edge ZK technologies, this partnership opens avenues for new protocols and applications that can benefit from enhanced data verifiability and security.

Pioneering Infrastructure for Web3

Space and Time’s initiative to launch a ZK Stack hyperchain demonstrates its commitment to decentralization. This hyperchain will serve as a settlement layer and a hub for the network’s Total Value Locked (TVL), while maintaining a tamper-proof audit trail for stored data.

Empowering Developers and Communities

Beyond infrastructure development, Space and Time aims to enrich the zkSync ecosystem by providing verifiably indexed data to developers and delivering sub-second ZK proofs to smart contracts. This initiative fosters the creation of data-driven decentralized applications and underscores Space and Time’s dedication to innovation and community support.

Enabling SQL Compatibility for Smart Contracts

The partnership explores integrating SQL capabilities into the zkEVM stack, potentially making zkSync the first SQL-compatible smart contract platform. This integration unlocks possibilities for sophisticated DeFi applications that leverage off-chain data from traditional financial markets.

Visionary Outlook on Web3

Vassilis Tziokas, Head of Enterprise Business Development at Matter Labs, highlights the innovative concepts introduced by Space and Time, emphasizing the foundational role of the Verifiable Compute Layer for Web3. The collaboration aims to ensure data integrity and empower developers with sophisticated, cross-chain smart contracts.

Leading the Charge in ZK Space

Space and Time’s recent release of Blitzar, a GPU acceleration framework for Proof of SQL, underscores its leadership in the ZK space. This breakthrough technology enables sub-second ZK proofs on-chain, showcasing Space and Time’s potential to redefine blockchain and AI integration.

A New Era of Trustless Transactions

As the partnership progresses, Space and Time and zkSync promise to usher in an era of trustless, efficient, and cost-effective transactions. This collaboration not only demonstrates a commitment to scaling Ethereum and enhancing Layer 2 solutions but also signifies a significant step towards realizing blockchain’s full potential for developers and users alike.

 

 

 

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