Space and Time, a Microsoft-backed blockchain data project, announced a platform that lets businesses prove calculations on private records without exposing the underlying database to AI applications, auditors or other stakeholders, according to Decrypt’s November 9, 2026 report.
The product, Space and Time Enterprise, separates access to business records from verification of calculations performed on them. That distinction matters for financial applications: proving that records were processed correctly is not the same as proving that those records accurately describe assets or obligations.
Launch partners include onchain asset manager Maple Finance, Indonesian vehicle maker and distributor Indomobil, Oracle software consultancy Trenez and AI data network The Data Foundation.
What the platform verifies—and what it does not
Enterprise uses Proof of SQL, Space and Time’s patented technology for proving that database queries were computed correctly. According to the company, the technology already works with Google Cloud’s BigQuery, and businesses can now run it on their own servers without operating a blockchain, buying specialized hardware or using an outside proving service.
“Businesses want AI agents to execute workflows using that information, but those agents don’t need unrestricted access to the records behind every calculation,” Nate Holiday, CEO of MakeInfinite Labs, Space and Time’s original developer, told Decrypt.
Holiday said customers in construction, engineering and manufacturing want AI agents, reporting tools and compliance teams to work from the same business records and verify the calculations they use. He described unrestricted AI access to business data as another avenue of exposure, arguing that the potential cost could be “the overall value of the business.”
With GPU acceleration, supported queries over millions of rows can be executed and proven in under a second, Holiday said. Actual performance depends on the query, hardware and dataset.
The central limitation is the quality of the input. Proof of SQL can establish that a calculation was performed correctly on a given set of records; it cannot establish that those records were accurate in the first place.
“An incorrect entry still needs to be caught through the business’s data controls,” Holiday said, “but verification gives those controls a much stronger foundation: evidence of which data was used and whether it was processed correctly.”
For a finance-interface reader, the boundary is important: the described capability should not be read as independent confirmation of custody, legal ownership, complete liabilities or solvency. It verifies processing of supplied records, not those broader claims.
Enterprise deployment does not automatically mean SXT demand
Space and Time also operates SXT Chain, a decentralized network supplying verifiable data to DeFi, tokenized assets and stablecoins. SXT is the token that powers that blockchain.
Asked whether enterprise customers would generate demand for SXT, Holiday said businesses could deploy the product in their own environments. The network would become relevant as their applications “need to connect to onchain markets,” with those workloads paid for through Space and Time.
That account distinguishes private enterprise use from workloads connected to the blockchain network; it does not establish that every enterprise deployment requires SXT.
Funding and development context
Space and Time raised $20 million in a 2022 strategic funding round led by M12, Microsoft’s venture fund. Decrypt reported that Grayscale launched a trust offering exposure to SXT in 2025.
Earlier in 2026, Space and Time launched Dreamspace, an AI-powered tool built with Microsoft’s Azure AI services that lets users create and deploy onchain applications without writing code.
Holiday also said Microsoft’s Nova project includes Blitzar, Space and Time’s cryptographic acceleration library, and that the team’s work on the Dory commitment scheme contributed to a16z crypto’s Jolt proof system.
Original source: Decrypt, published November 9, 2026, at 21:01:02 UTC+08:00.