# What is CloudAI?

<figure><img src="https://3479405956-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMDbMiDAGxF8ybEv4DE4i%2Fuploads%2FIJaijHk4BXEvTyBFKf1B%2FCloudAI%20Banner.png?alt=media&#x26;token=16c76d00-147c-4bb4-8e99-82ffb0556570" alt=""><figcaption><p>CloudAI (ERC)</p></figcaption></figure>

**CloudAI** is a revolutionary platform that leverages the power of blockchain technology, specifically the Ethereum network, to create a decentralized marketplace for AI training. The platform aims to address the challenges associated with centralized AI training, including data privacy concerns, high costs, and limited accessibility. By utilizing smart contracts and a decentralized network of computing resources, **CloudAI** democratizes AI training, making it accessible to a global community while ensuring the security and privacy of data.

#### Background

Artificial Intelligence (AI) has emerged as a transformative technology with applications spanning various industries. However, the centralized nature of AI training poses significant challenges, such as data privacy concerns, high infrastructure costs, and limited accessibility for small-scale developers.

#### Objectives

CloudAI aims to:

* Democratize AI training by providing an open and decentralized marketplace.
* Ensure data privacy through blockchain-based encryption and secure multiparty computation.
* Reduce costs by leveraging the Ethereum network for smart contract execution.
* Foster a global community of AI developers and data scientists.
