Bitgrit, a pioneering AI startup originally founded in Japan, has launched the BGR Network—the world’s first blockchain-based platform for AI assets—under the regulatory framework of the Abu Dhabi Global Market (ADGM). This initiative aims to democratize AI ownership, monetization, and innovation by leveraging blockchain technology.
Empowering a Global AI Community
Bitgrit has cultivated a vibrant community of over 37,000 AI developers spanning 62 countries. The platform facilitates AI competitions and offers a marketplace for licensing AI models, enabling organizations to crowdsource tailored AI solutions efficiently. Notably, Bitgrit has collaborated with esteemed entities such as NASA, SoftBank, and the Tokyo Government to address complex challenges using AI.
Central to Bitgrit’s offering is its patented GritBox technology, which allows developers to train AI models on private datasets without accessing the underlying data, thereby ensuring data privacy and security. The integration of GritBox with the BGR Network brings AI assets fully on-chain, enhancing transparency and enabling secure, decentralized collaboration.
Strategic Expansion into Abu Dhabi
In 2021, Bitgrit expanded its operations to the United Arab Emirates after being selected for Hub71, Abu Dhabi’s premier startup acceleration program. The establishment of the Bitgrit Distributed Ledger Technology (DLT) Foundation within ADGM provides the company with a robust regulatory framework to scale its blockchain-powered AI ecosystem. This move positions Bitgrit to create a decentralized AI economy, allowing developers, enterprises, and institutions to securely build, license, and stake AI models on-chain.
Launch of the BGR Token
The BGR token serves as the native utility token within the Bitgrit ecosystem, facilitating transactions and value exchange. Bitgrit has partnered with BTSE, a leading global cryptocurrency exchange, to list the BGR token, thereby enhancing its accessibility to a broader audience. Additionally, the BGR Network is supported by Avalanche, a high-performance blockchain known for its scalability and low transaction costs, further bolstering the network’s efficiency and adoption.
Vision for a Decentralized AI Future
Kazuya Saginawa, CEO of Bitgrit, envisions a future where AI innovation benefits everyone—not just a select few. He describes the BGR Network as a transformative initiative that digitizes ownership rights, enhances transparency, and fosters global collaboration. Ultimately, Bitgrit aims to develop an ecosystem where AI models can autonomously communicate and evolve, contributing to the advancement of Artificial Super Intelligence.
Saksham Kukreja, COO of Bitgrit, expressed enthusiasm about being part of Abu Dhabi’s dynamic Web3 ecosystem. He emphasized the importance of launching their blockchain network under a trusted regulatory environment like ADGM, highlighting this step as a significant advancement in bridging AI and blockchain on a global scale.
Hamad Sayah Al Mazrouei, CEO of the Registration Authority (RA) of ADGM said, “By establishing its DLT Foundation within ADGM, Bitgrit joins a growing ecosystem that is shaping the future of blockchain and AI innovation. This move underscores the strength of our regulatory framework and reinforces Abu Dhabi’s position as a global hub for blockchain advancement. By fostering an environment where emerging technologies can scale responsibly, ADGM is proud to support pioneers like Bitgrit in unlocking new frontiers in decentralised AI ownership and collaboration.” The launch of the BGR Network under ADGM’s regulatory framework signifies a pivotal moment in the convergence of AI and blockchain technologies. By fostering a secure and innovative environment, Bitgrit is poised to redefine how artificial intelligence is developed, shared, and valued, creating new opportunities for innovation and empowering developers and enterprises to unlock AI’s full potential in an equitable digital landscape.
