What is OpenLedger (OPEN)?

Deep Dive

1. Purpose & Value Proposition

OpenLedger addresses the lack of transparency and compensation in centralized AI systems. By using blockchain, it creates an auditable trail for AI development, ensuring data contributors, model trainers, and developers receive fair rewards. For example, its OpenChat platform logs every user input (messages, datasets) on-chain, with fees distributed to top contributors (Cryptonews). This tackles the $500B “siloed data” problem by monetizing underutilized datasets.

2. Technology & Architecture

The protocol uses a Proof of Attribution system, which cryptographically links AI outputs (e.g., model predictions) to their training data and contributors. This allows users to audit AI decisions and ensures contributors are paid proportionally. Built as a dedicated Layer 1 blockchain, OpenLedger supports high-frequency AI tasks like model inference, unlike general-purpose chains limited to DeFi.

3. Tokenomics & Governance

The OPEN token serves four roles:
- Gas fees for AI model deployment and usage.
- Rewards for data contributors and model developers.
- Payment for AI services (e.g., per-inference costs).
- Governance votes on protocol upgrades.
Tokenomics emphasize community ownership: 61.7% of supply is allocated to ecosystem growth, with vesting schedules preventing immediate sell pressure (X post).

Conclusion

OpenLedger reimagines AI development as a decentralized, attribution-driven economy powered by blockchain transparency. Its success hinges on adoption by developers and enterprises—can it balance scalability with the auditability demands of high-stakes AI applications?