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Building a machine network based on blockchain to create a new IoT era

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4 years ago

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Mankind is entering the era of “connection of all things”

Recently, the Ministry of industry and information technology released the key industries and application scenarios of “5G + industrial Internet”, marking that China’s 5G application has shifted from exploration to promotion. 5G has three characteristics: high speed, low delay and wide connection, which will promote the consumer Internet forward to the industrial Internet, and finally build an intelligent world of “everything connected”.

The essence of industrial Internet is to use information technology to closely connect the equipment, production lines, factories, suppliers, products and customers in the industrial manufacturing industry, which is across the equipment, system, and region, so as to improve efficiency and promote the intellectualization of the whole manufacturing service system. The 5G application scenarios released recently, such as collaborative operation and flexible manufacturing, indicating the importance of industrial Internet to achieve broader and deeper social cooperation. It is through this large-scale cooperation that human civilization makes progress continuously.

Large-scale social cooperation could be divided into two patterns: the first is centralized, with hierarchical “command-feedback” chain and mutual principal-agent relationship as the core characteristics. The typical representatives are government, bureaucratic organizations and military units; the second type is decentralized, represented by market mechanism. There is no central planning or unified coordination. The participants of the mechanism, based on cost-benefit calculation, promote the overall interests through automatic division of labor and exchange. On the social level, the efficiency of decentralized market mechanism is higher than that of centralized command mechanism. In the future mass machine equipment connection (mMTC) network, a decentralized and value exchange based large-scale collaboration among machines can be realized by introducing market mechanism. Therefore, the industrial Internet in the digital era is not only the Internet of factory manufacturing, but also a distributed network and governance structure. All enterprises can safely join this network to realize manufacturing services, integrated innovation and value sharing.

Sharing mechanism in large scale machine cooperation

Although large-scale collaboration between machines has great value potentially, it still faces problems such as privacy protection, trust between agents and higher demand of computing power of large-scale collaboration.

Therefore, the solution design of the industry is to adopt the pattern of “machine network + blockchain”. The role of Cloud in traditional industrial Internet, such as using the smart contract based on the blockchain to realize the value measurement, distribution and settlement of large-scale cooperation. Finally, it would make the large-scale cooperation of cross-border and public affairs more credible and efficient.

1) Effective data confirmation

The reason why blockchain has become the key to the future industrial Internet is that it integrates technologies such as cryptography, peer-to-peer network, consensus mechanism, and forms a new way of data recording, transmission, storage and presentation, so as to construct a decentralized pattern, which can effectively confirm the data rights. In the industrial Internet, the integration of blockchain technology can solve the problem of mutual trust and cooperation among multiple players, as well as the problem of industrial enterprises’ control over their own data.

2) Reducing the transaction cost of multilateral platform

With the development of global market and the subdivision of supply chain, the participation cost of complex business activities is no longer “bilateral”, but “multilateral”, and the establishment of trust relationship is more and more expensive. Blockchain technology can build a peer-to-peer and unified platform for business activities. At the same time, it can significantly reduce one of the trust costs in transaction costs to be commercially feasible. Participants in business activities will move from traditional “bilateral platform” to “multilateral platform”. While scale effect is formed, the trust cost will not increase too much.Finally, it will be superimposed into an ecological effect, forming a viable business model.

3) To solve the problem of Isolated Data Island by privacy computing

Although blockchain can play a significant role in solving trust, cooperation and other problems in industrial Internet, it still has some defects in data value mining and privacy protection. Therefore, blockchain also needs to combine with privacy computing. Privacy computing can not only realize data sharing under privacy protection, ensure the authorization of privavy data, but also prevent malicious eavesdroppers or others from accessing the original data or data calculation results. In the industrial Internet, the core data is still kept in the enterprise. Under the premise of meeting the needs of data privacy security, privacy computing enables enterprises to use massive industrial data more efficiently and accurately, solving the problem of Isolated Data Island. Furtherly, it enhance the value of data in the process of sovereign ownership and rights sharing, and realize the two-way empowerment of various enterprises.

PlatON helps intelligent interconnection of Machine Networks

PlatON is a privacy computing network based on cryptography algorithm. As a global leader in blockchain industry, it can effectively solve the problems about Big Data managemen in the industrial Internet by its existing technical advantages, and provide a safer infrastructure based on privacy protection and edge computing capability. Firstly, PlatOn’s powerful encryption algorithm technology can provide trusted device authentication, multi-channel data transmission and data storage services for industrial Internet, and enhance the security of device system; Secondly, PlatOn’s new computing architecture can make full use of the computing resources of adjacent nodes, provide strong computing support for the industrial Internet, and comprehensively improve the timeliness of services. Finally, PlatOn’s privacy protection and multi-party secure computing (MPC) technology can support collaborative analysis of massive data and integration of diverse scenarios

On April 30, 2021, the PlatON privacy AI computing network obtained the community license with 80.6% support rate, and the current pre-deployment network has officially become the main network. PlatON will gradually establish a multi-agent collaboration and computing network for the future, and promote industrial civilization and human society from “interconnection of all things” to “intelligent connection of all things”.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Exploring the Revolution of Play-to-Earn Gaming: Empowering Gamers and Developers Worldwide

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45 minutes ago

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December 24, 2024

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United States, 24th Dec 2024 – The gaming industry is entering a transformative era with the rise of Play-to-Earn (P2E) gaming. Combining blockchain technology with engaging gameplay, P2E gaming is revolutionizing how players experience, earn, and interact within digital worlds.

F2P.org, a leading platform for free-to-play and Web3 gaming insights, is dedicated to helping developers and gamers navigate this evolving landscape. By showcasing innovative Play-to-Earn games and fostering global visibility, F2P.org serves as a hub for those looking to discover or share groundbreaking Web3 games.

What Makes Play-to-Earn Gaming Unique?

Unlike traditional gaming, where assets are confined to specific ecosystems, Play-to-Earn games empower players to take ownership of their achievements and digital assets. This emerging model encourages creativity, economic empowerment, and greater player participation through decentralized technologies.

A Call to Web3 Game Developers

F2P.org is offering blockchain game developers the opportunity to feature their Web3 games to a global audience—for free. By submitting their games, developers can gain exposure and connect with an engaged community of gamers and enthusiasts exploring the future of digital gaming.

Submit your Web3 game today at F2P.org/submit-game.

About F2P.org

F2P.org is a premier platform dedicated to the latest trends and innovations in free-to-play and blockchain gaming. With a commitment to fostering growth in the Web3 gaming space, F2P.org provides valuable resources, insights, and opportunities for players and developers alike.

To learn more about the transformative potential of Play-to-Earn gaming, visit:

Join the Future of Gaming

Discover how Play-to-Earn gaming is reshaping the industry and empowering gamers worldwide. For media inquiries, interviews, or additional information, please contact:

Media Contact

Organization: F2P.org

Contact Person: Jerry

Website: https://www.f2p.org

Email: Send Email

Contact Number: +16196325450

Country: United States

Release Id: 24122421850

The post Exploring the Revolution of Play-to-Earn Gaming: Empowering Gamers and Developers Worldwide appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Transform Your Business with Cutting-Edge Power Platform Consulting Services

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45 minutes ago

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December 24, 2024

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All you need to know about Power Platform Consulting Services. Read the press release to know more…

United States, 24th Dec 2024 – In today’s fast-paced digital world, businesses are constantly seeking ways to innovate, automate, and simplify operations. To address these demands, Beyond Intranet, a leader in digital transformation and technology consulting, is proud to announce the launch of its Power Platform Consulting Services, designed to empower organizations to build agile, efficient, and scalable solutions.

The Microsoft Power Platform, comprising Power BI, Power Apps, Power Automate, and Power Virtual Agents, is revolutionizing how businesses approach problem-solving. By leveraging these low-code/no-code tools, organizations can create custom applications, automate workflows, and gain actionable insights, enabling them to adapt and thrive in a competitive market.

Key Highlights of Our Power Platform Consulting Services:

  1. End-to-End Support: From ideation to implementation, our team ensures that every solution aligns with your business goals.
  2. Custom App Development: Build tailored applications to address unique challenges without the need for extensive coding expertise.
  3. Process Automation: Streamline repetitive tasks with intelligent automation, improving efficiency and reducing costs.
  4. Data-Driven Insights: Unlock the power of data with intuitive dashboards and analytics, enabling informed decision-making.
  5. Employee Enablement: Empower teams with user-friendly tools and training to harness the full potential of the Power Platform.

“We believe in the transformative power of technology,” said Piyush Goel, CEO at Beyond Intranet. “Our Power Platform Consulting Services are designed to help businesses of all sizes innovate faster, reduce operational complexities, and achieve their digital transformation goals efficiently.”

Who Can Benefit?

Power Platform Consulting Services are ideal for businesses across industries, including:

  • Manufacturing: Optimize supply chains and monitor production efficiency.
  • Healthcare: Simplify patient data management and automate appointment scheduling.
  • Retail: Enhance customer engagement with personalized applications and chatbots.
  • Real Estate: Automate workflows for property management and sales tracking.

Why Choose Beyond Intranet?

With a proven track record in technology consulting, Beyond Intranet is committed to delivering solutions that drive tangible results. Our certified Power Platform consultants bring deep expertise and industry insights to ensure a seamless and impactful digital transformation journey.

Media Contact

Organization: Beyond Intranet

Contact Person: Beyond Intranet

Website: https://www.beyondintranet.com

Email: Send Email

Country: United States

Release Id: 24122421876

The post Transform Your Business with Cutting-Edge Power Platform Consulting Services appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

BlockRise OTC Announces Entry into Public Cryptocurrency Market

Published

1 hour ago

on

December 24, 2024

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Singapore, 24th Dec 2024 – BlockRise, a leading blockchain and cryptocurrency OTC (over-the-counter) trading platform, has officially announced its entry into the public cryptocurrency market, targeting individual investors. Shifting from its existing model focused on institutional and high-net-worth (“whale”) investors, the platform aims to offer a diverse array of investment opportunities tailored for retail participants.

Proven Success in the OTC Market

BlockRise has firmly established itself as one of the top OTC platforms globally, serving institutional investors and high-net-worth individuals. The platform currently generates monthly trading fee revenues of approximately $25 million, reflecting its robust position and reputation in the market. Through its reliable trading environment, liquidity provision, and high levels of trust, BlockRise has become a leader in the OTC space.

New Investment Products for Individual Investors

As part of its expansion into the public market, BlockRise plans to introduce customized investment products for retail investors. These offerings will adapt the company’s institutional-grade services to meet the needs of a broader audience. The upcoming investment products include:

1. Micro-Investment Products: Platforms enabling small-scale investments, catering to individuals with limited capital.
2. Staking and Yield Products: Diverse staking options allowing cryptocurrency holders to generate steady returns.
3. Automated Investment Tools: AI-driven investment strategies designed to simplify entry for beginner investors.

Significance of the Public Market Entry

BlockRise’s move into the public market is expected to accelerate the democratization of cryptocurrency trading. By expanding from an institutional-focused service model to a retail-oriented approach, the company aims to improve investment accessibility and attract a new wave of market participants.

A BlockRise spokesperson stated, “With our expertise and track record in the OTC market, we’re committed to delivering a trustworthy and efficient investment environment for individual investors. By offering diverse investment products and user-centric services, we aim to contribute to the broader growth of the cryptocurrency ecosystem.”

Looking Ahead

As the cryptocurrency market continues to grow with increasing participation from retail investors, BlockRise’s entry into the public market could bring significant changes to the industry. Its unique approach and differentiated strategies are expected to further solidify its position in an increasingly competitive landscape.

Media Contact

Organization: BlockRise

Contact Person: Jake

Website: https://block-rise.com/

Email: Send Email

Country: Singapore

Release Id: 24122421882

Disclaimer: This press release is for informational purposes only and does not constitute financial or investment advice. Investors should conduct their own research and seek professional advice before making investment decisions.

The post BlockRise OTC Announces Entry into Public Cryptocurrency Market appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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