Pundi AI and MWX Form Strategic Alliance to Onboard 400 Million SMEs into the On-chain AI Economy

Pundi AI has integrated with MWX, which will create the first ever decentralized AI marketplace for small and medium enterprises (SMEs). This unprecedented cooperation will help connect the traditional operating methods of the business world with the developing decentralized form of artificial intelligence (AI).

Leveraging the trustworthiness of Pundi AI’s verifiable data infrastructure, this joint effort will be able to create on-chain value products from historically unused or lost collected business information silos. This will generate valuable business derived insights that can be used as a resource for OpenAI.

Empowering the Backbone of the Global Economy

More than 90% of the world’s companies are classified as small and medium enterprises. However, adoption of advanced AI technologies by these organizations has become an almost impossible challenge due to high implementation costs and limited available skills. As a result, MWX has been created specifically for this underserved sector. It is supported by the Government of Indonesia’s Ministry of SMEs & Industry and major technology companies such as Google and Amazon Web Services.

By forming this partnership, MWX has created an extensive network of more than twenty pre-configured AI applications available on its marketplace that can be integrated with Pundi AI’s decentralized data network. This enables small to medium sized enterprises to use AI across marketing, operations, and finance while securely monetizing their data through a verifiable process.

Verifiable Data – Solving the AI Provenance Crisis

A significant limitation in the progression of AI today stems from its dependency on non-verified/stable data, which produces “hallucinations”; instead, Pundi AI offers a “verifiable data infrastructure” to counter this limitation. This ecosystem allows users to upload their own data, where it will be verified, formatted and then stored on-chain.

The plan is to train AI models using true community-curated data that have an auditable trail for use as a “truth-layer” by AI Agents, allowing for a more transparent and accountable digital economy. Data integrity will become de rigueur throughout the industry, as evidenced by Pundi AI’s recent partnership with InitVerse to eliminate all centralized dependencies within data pipelines.

Scaling the On-chain AI Economy

This collaborative effort represents a larger onboarding initiative, as opposed to a simple technical integration. The starting goal of the alliance is to attract and onboard 100,000 SMEs just from Indonesia. This partnership will provide the primary impetus for both the “Tag-to-Earn” and “Data-to-Earn” models. As SMEs move on-chain, they move from being passive bystanders to an active role in AI as they will have ownership over the data and AI intelligence they assisted in creating.

As per data collected by Stanford University, there has been a 55% growth in AI use in the business sector within the last 12 months. The need for decentralized options is apparent; if they are not developed soon, centralized “Big Tech” firms will continue to dominate this technology industry’s benefits.

Conclusion

The partnership is a huge milestone towards achieving a truly decentralized and inclusive digital economy. The two companies are also providing tools for 400 million small and medium-sized enterprises (SMEs) to be able to link to, verify their data, and monetize their on-chain data using those tools. This will help develop AIs that are “for everyone, everywhere” as we move into the future, and as these datasets evolve into being the foundation for future AI agents, the line between physical business and blockchain will continue to blur.