There are a lot of ICO’s and blockchain projects that all appear to have brilliant ideas when it comes to technological advances within the crypto/blockchain industry, but how many of these projects have actual real world uses, how many are actually designed with businesses in mind.
Let’s take neurochain, it’s been designed for business from the start. The architecture of the blockchain been a public chain capable of been fully private or fully public or as a hybrid of a public/private by encrypting certain sensitive data. All of this has been designed so businesses can use neurochain to hold any sort of data from sensitive to non sensitive information. This means they have the transparency benefits of a public chain but with the privacy benefits that are required by a private chain.
The smart applications on neurochain incorporate Machine learning and AI. This is by using the Bayesian network to determine probabilities based on past data shared within the network. The more data the smarter the applications and once the 5 year roadmap is completed the blockchain will be self consistent creating an autonomous eco system.
The consensus of neurochain in PII, Proof of integrity and involvement. 3 main scores are taken and these are weighted by recent time, so action that is more recent will have more weight and a higher relevance. The 3 scoring metrics are, Entropy this is the measure of involvement, Enthalpy this is the quality of the interactions and thirdly the integrity score, this is a measurement of the bots reliability and this is calculated using machine learning.
So what’s the benefit for businesses, so if I run a big business and have a custom use case that I implement. I will have a high level of involvement, if I’m adding valuable information to the network then my enthalpy will score positively and if I’m reliable and don’t do anything malicious my Integrity will score positively. If my bot scores within the top 577 of all bots I can then be chosen at random to validate the transaction, forge the block and get the reward.
This means that a business adopting neurochain can not just improve business operations but actually get rewarded and paid for being a valuable part of the network.
So I’m potentially gaining a competitive advantage and getting financially incentivised.
Let’s take an example of the sort of business use cases Neurochain are already exploring and partnerships in place.
Fimat being the example I will use. Fimat is a blockchain financing company that has a goal to provide a blockchain solution for the NEU-CP (Negotiable European commercial paper) this is a scheme where short and medium term debt is traded in Europe. The total amount of debt amounts to $1 Trillion.
Neurochain are the blockchain solution and the reason for this is the blockchain architecture as I early explained its crucial to have sensitive info kept private and secure. This means that you have the immutability and security of a blockchain, with the transparency of a public blockchain but most importantly securing sensitive information.
This is just one example of a use case and many more are been designed and developed. Smart applications that can be designed for any business requirement with the unique architecture and an opportunity to get incentivised.
The team have been talking to and working with small to huge companies and corporations.
Six Intial target sectors are-Banking, Insurance, Public, sector, Retail, Logistics, Healthcare.
Also, France wants to be the leader of AI, these AI startups can directly transfer their AI tech onto neurochain and harness the power of a distributed network with the option to tokenize their business models, adding utility tokens or issue security tokens as a ownership right.
Neurochain is dynamic, flexible and the future of blockchain today! »
NeuroChain, let’s build a better world!
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