Io.Net And FLock.io Introduce Proof Of AI Consensus Mechanism

According to Cointelegraph, io.net, a decentralized physical infrastructure network (DePIN), has partnered with FLock.io, a decentralized artificial intelligence training platform, to introduce a new consensus mechanism called “Proof of AI” (PoAI). This mechanism aims to enhance the integrity of decentralized networks. In a written Q&A with Milan Amin, chief marketing officer at io.net, Amin stated that PoAI will enable decentralized networks to become more trusted and scalable solutions for AI applications. He emphasized that this development aligns with io.net’s broader vision of meeting the growing demands of AI through decentralized networks that offer superior performance, scalability, and cost efficiency compared to traditional cloud providers. The PoAI mechanism is designed to ensure that participants within DePINs genuinely contribute compute resources rather than simulating participation to collect rewards. Amin explained that the mechanism ensures honest contributors are fairly compensated and deters those looking to benefit without real contribution. This alignment of incentives is expected to enhance profitability for genuine contributors and ensure the long-term sustainability of the network. Amin also highlighted that PoAI represents a significant leap forward for developing decentralized AI systems. By introducing a reliable mechanism for verifying the integrity and performance of compute resources, PoAI will enable decentralized networks to become more trusted and scalable solutions for AI applications. The press release noted that implementing the new consensus will substantiate DePIN node integrity in a decentralized and AI-native way while compiling io.net node judgments. In related news, on June 10, Ahmad Shadid, co-founder of io.net, stepped down from his position as CEO, effective immediately, and was replaced by Tory Green, fellow founder and former chief operating officer. This development occurred just two days before the project’s token launch and was in response to allegations regarding Shadid’s past. Shadid explained that the decision was made to allow io.net to move forward without distraction and to focus on its growth and success.