We are excited to announce the early release of Acentrik Version 3.0, now live as SaaS with a whole multitude of cutting-edge features for organizations worldwide.

Acentrik stands as a privacy-preserving, whitelabel data exchange platform, tailored for enterprises and government institutions worldwide. Our commitment to innovation is recognized by industry awards and innovation challenges worldwide.

What are the new features of Acentrik V3.0?

1. Computation at source across data in silos

Acentrik’s privacy-preserving approach, Compute-to-Data performs computation at source across data in silos. This enables the platform to connect directly to the data source, perform the necessary computations, and only the insights – not the data itself – travel back to the consumer. This ensures that the data remains secure and private, while the user receives the crucial insights they need, hassle-free.

Extending from C2D, Federated Compute is our key feature in V3.0 that disrupts the landscape of data and AI by enabling computation across multiple datasets in parallel while keeping data at source. Siloed datasets are no longer an issue with Federated Compute as it enables privacy-preserving computations around the world.

Federated Compute can be extensively applied in AI training, predictive modeling, and data analysis, particularly in collaborative projects. For example, in the automotive industry, diverse datasets from different geographical regions, including supply-chain partners, research scientists, and OEM collaborators, can be leveraged for developing accurate machine learning models.

Also, by aggregating varied data, this feature allows organizations to analyze decentralized datasets and generate predictive insights. The highlight is that this in-depth analysis is done without exposing sensitive information, thereby ensuring data privacy and regulatory compliance.

2. Simplified user experience

Leveraging the full potential of Web3’s capabilities while offering a Web2 experience, Acentrik’s data exchange platform empowers organizations to harness the full potential of the technology, minus the complexities of Web3 wallets and tokens.

How it works:

• Simple user onboarding: Acentrik simplifies the onboarding process with an email-based OTP login system, effectively removing the reliance on Web3 wallets. This ensures a secure and hassle-free authentication process, providing a smooth experience for users unfamiliar with Web3 technology.
• Organizational wallet: To streamline asset management, Acentrik introduces a single, non-custodial wallet shared within the organization. This allows for seamless access to decentralized data solutions and enhances the user experience by consolidating multiple wallets into one organizational wallet.
• Gas-free transactions: To optimize cost-efficiency and user convenience, Acentrik now offers gas-free transactions. This feature removes one of the major barriers to entry for using Web3 platforms, eliminating wallet or token requirements.

3. Data monetization opportunities

The new post-payment billing option in Acentrik V3.0 simplifies data monetization for organizations. This feature allows organizations to charge based on usage and choose their preferred currency for transactions.

How it works:

This flexible billing option integrates with organizations’ requirements, enabling data owners to set pricing based on the data consumption or computational requirements, with pay-per-order and pay-per-byte. This ensures fair compensation and cost-effective access for data users. Based on the charging requirements, organizations can reconcile the costs and align to their enterprise billing process.