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

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3 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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UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

17 hours ago

on

November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

17 hours ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

17 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

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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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