- VAIOT has integrated zk-SNARKs into its AI Legal Assistant, a privacy-preserving technology allowing users to verify information without revealing the underlying data.
- This integration will allow VAIOT’s AI Legal Assistant to securely verify the identity of users, protect sensitive data, and automate legal processes.
- According to a report by Allied Market Research, the global privacy-preserving computation market is expected to reach $4.7 billion by 2028.
VAIOT, a provider of AI-driven digital solutions, has incorporated zk-SNARKs into its AI Legal Assistant, which leverages its proprietary machine learning algorithms, Microsoft CLU, and OpenAI’s GPT-4. By utilizing zk-SNARKs, the AI Legal Assistant allows users to validate information legal contracts without divulging sensitive particulars, offering secure legal support for individuals and organizations.
In light of recent data breaches, such as the MOVEit tool breach that affected more than 15.5 million individuals, safeguarding data privacy has gained paramount importance. zk-SNARKs, a promising privacy-preserving technology, enables one party to verify confidential information without exposing the data.
VAIOT’s AI Legal Assistant, underpinned by its ML algorithms, has harnessed zk-SNARKs to confirm contract details while safeguarding sensitive data. Additionally, it leverages GPT-4’s text fluency. This feature is also available in VAIOT’s AI Assistant for citizen services and the automation of public administration processes.
In scenarios like loan applications, which often necessitate income verification, concerns about ransomware and data breaches have made borrowers reluctant to share their complete employment contracts. Enabling data verification without unnecessary data exposure, as demonstrated by VAIOT’s integration of zk-SNARKs, streamlines processes while upholding confidentiality.
How Does the AI Legal Assistant Utilize zk-SNARKs?
zk-SNARKs powers new features in AI Legal Assistant, which include the following:
- Proof of Income
VAIOT’s AI Legal Assistant can generate proof of income based on the agreements it has created or the legal documents users provide. This proof is verified without revealing sensitive details.
- Confidentiality, Non-competition, and Penalty Clauses
When drafting documents containing confidentiality, non-competition, or penalty clauses, zk-SNARKs can be utilized to demonstrate the presence and correct formatting of these clauses while keeping other document details confidential.
- Proof of Compliance
In cases where legal documents must adhere to specific regulations, zk-SNARKs can provide evidence of compliance without disclosing the specific compliance methods employed.
What Are the Practical Applications of zk-SNARKs for Everyday Individuals?
The zk-SNARKs improve security and accessibility for regular people in a variety of situations, such as:
- Proof of Identity
zk-SNARKs allow individuals to confirm their identity without disclosing additional personal details. This technology can be valuable for age verification, proving residence, or other scenarios requiring identity validation.
VAIOT’s solutions enable users to verify their identity within integrated public administration systems.
- Purchase Proofs
In cases where individuals make purchases from businesses accepting blockchain transactions, zk-SNARKs can confirm that the payment was made accurately without revealing specific transaction details, such as the items bought.
VAIOT AI Legal Assistant empowers users to demonstrate proof of purchase for goods or services without disclosing all the underlying agreement data.
- Anonymous Dispute Resolution
Following the privacy-preserving identity verification process, zk-SNARKs can guarantee that only verified users can participate and vote in dispute scenarios within a decentralized network, such as a DAO (Decentralized Autonomous Organization). This prevents users from creating multiple wallets to manipulate DAO decisions.
Szymon Reddig, Lead Blockchain Developer at VAIOT, described zk-SNARKs as a paradigm-shifting innovation. They provide a remarkable capacity to produce proofs for arbitrary computations while disclosing no information to the verifier other than that required to determine whether the statement is true.
Since 2020, the Maltese Financial Services Authority (MFSA) has completely regulated VAIOT’s $VAI token.
Conclusion
VAIOT’s use of zk-SNARKs in its AI Legal Assistant marks a big advancement in legal and administrative support. Their focus on privacy and security puts them ahead in AI and blockchain technology.
This benefits current users and could reshape industries. VAIOT sets a great example for AI and blockchain blending.
