Sirwin
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Prasaga | Making Smart World

By liorezal | Liorezal | 17 Feb 2021


Blockchain's big and bold future

Cryptocurrency is here to stay ... And it's only going to grow

It is estimated that global spending on blockchain solutions will increase from USD 1.5 billion in 2018 to approximately USD 176 billion in 2025, and then to USD 3.1 trillion by 2030. Companies in almost every industry are scrambling to take advantage of the so-called benefits of the blockchain phenomenon, and many are eager to do so. Use its own private version of the blockchain and cryptocurrency. The financial industry accounted for more than 60% of the blockchain market value in 2018, but the technology has spread to almost every industry, from transportation and energy to healthcare and agriculture.

The data is New Oil

Real-time data marketplaces the last piece of the puzzle is trading platforms that enable the free, seamless and secure exchange of anonymous, real-time data created by smart Internet of Things devices between device owners and data consumers.

Any organization can establish a market on Prasaga. Then allow the device owner to sell the data stream of his device or algorithm. The device owner can set an "asking price", and data users can bid and subscribe to these data streams at this price.

Existing marketplaces work primarily with static historical data stored in the cloud. While they are useful to some extent, the variety and quantity of data is insufficient to meet the needs of most data consumers. Thus, data liquidity is an ongoing challenge. By supporting the integration of a huge number of smart IoT devices, marketplace owners can offer unprecedented liquidity.

 

Data consumers can choose between multiple reliable data sources and get the amount of data they need.

Let the blockchain reach its potential

There is no decentralized blockchain architecture today that is optimized around critical systems design principles. A system that has a fully regulated balance around the scalability trilemma, the problem is that you can only have 2 of those 3 characteristics in a system: security, scalability and decentralization. The evolution we're going to get in terms of speed and next generation contracts will accelerate adoption and implementation by 5 years or more.

Examples of KeyMarket use cases

Technology platform is a comprehensive framework that enables companies and people to make the most of the data produced by industrial and commercial IoT smart devices. It is the underlying infrastructure that lays the foundation for interoperability between storage and devices; open communication standards that provide a common language for all smart devices; a foundation that facilitates the adoption of smart cities, industries and people; and trading floors that enable the secure exchange of anonymous data in real time.

With Prasaga's mature messaging server technology, any smart IoT device can connect and safely start broadcasting data streams. Once the data is available in the market, anyone can buy it. It may be that AI and ML companies are seeking to train algorithms, cities want to become smarter, and buildings are seeking ways to improve efficiency. The data that the DataGrid does is just like the grid does. It provides a way to quickly move data using uniform standards available to everyone.

By making the Internet of Things smart devices work, Prasaga aims to:

 

Saving Lives.

 

When the Internet of Things works as intended, lives are saved.

 

- 90% reduction in traffic fatalities

 

- Crime rates22% and lower

 

- Reduce chronic disease costs by 50%, saving over $300 billion in the U.S. alone.

 

Help the environment

 

The Internet of Things can have a positive impact on the environment.

 

- Reduce global greenhouse gas emissions by 19%

 

- Reduce transportation emissions by30%

 

Increase efficiency

 

Companies and people using the capabilities of their smart IoT devices can

 

increase efficiency.

 

- Farmers increase yields by 15%.

 

- 10% less energy in the home

 

- 20-30% less energy in factories

 

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liorezal
liorezal

hello. My name is Maxim and a novice blogger from Russia. I'll be posting reviews of cryptocurrency projects here.


Liorezal
Liorezal

In this blog I will post reviews of projects of interest to me.I'm not asking you to invest money in the projects I'm writing about. Remember, please, that any financial transaction involves risk.

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