Can a decentralized Internet based on blockchain become a reality?

Blockchain technology faces certainty, hype and truth in the industry. This article introduces industry giants, production and supply chain networks that introduce new blockchains and rely on the necessary data. Centralized Internet relies on servers. The decentralized Internet will rely on peer-to-peer networks based on the user community . The purpose of the blockchain protocol is to allow transactions to be made across distributed networks without the need for agents to monitor the process.

The blockchain distributed ledger provides a dynamic digital transaction register. It is a database distributed throughout the network. Information is continuously shared and coordinated across multiple nodes, each with the same database copy. The transactions in this database are agreed and audited. Decentralized systems keep track of changes, ensuring that ledgers are not actually controlled. It eliminates the possibility of a single point of failure and allows the transaction to be verified without involving a third party. Blockchain technology provides a transparent, reliable, secure, and hard-to-break transaction infrastructure.

While Internet of Things (IoT) and artificial intelligence (Al) industrial robots and cryptography may dominate the headlines, another technology, the blockchain, is also significant in industry transformation and related processes. This includes supply chain networking, inventory management, quality assurance and stable business functions. The blockchain uses and processes the distributed accounting peer-to-peer computing automation system, which is believed to be related to the advantages of the technology and its inherent problems. A reliable and secure peer-to-peer information sharing communication model for blockchains can lead to a more efficient IoT ecosystem. The blockchain ledger simplifies this software-defined network. The blockchain distributed data storage system model should be familiar with these upcoming transitions to cloud-based infrastructure. The decentralization of blockchain technology means that it does not depend on the central control point. The lack of a single privilege makes the system fairer and more secure. Since the blockchain is an information ledger, the authenticity and accuracy of the information stored is critical.

The high-performance achievements in using the TCP/IP protocol mark the arrival of the Internet era, and we realize that this is because the TCP/IP protocol provides the least amount of network work. In addition, as the other side of the Internet, blockchain helps simplify the overhead of managing and tracking large device systems without the need for an integrated controller . Web 3.0 has many definitions , but the most prominent is the connection insight , where a new generation of applications, related information, data, ideas, and inter-personal associations between people, such as you don’t need to bother with banks or technical institutions. Trust institutions to ensure security.

Blockchain and IoT advantages

Through the gradual development, the Internet of Things has solved new difficulties. Identifiable evidence, correlation, security, and management of large amounts of equipment are barriers to full acceptance of the Internet of Things. Applying the blockchain to the Internet of Things is the main task of many organizations. By 2019 , 20% of IoT arrangements will give blockchain management authority. The reason may be the expansion of DDoS attacks and the increased demand for network security speculation.

As the basis for all IoT collaboration, the blockchain creates a protected, democratized stage for each aggregation. Handling hazards by taking advantage of multiple sources of information limits the likelihood of a programmer attacking the damage. All this is completely free and the visit will be denied. The system of sharing peer-to-peer agreements will shift the maintenance obligation from the server owner to the dispersed Internet users. This is unusual for well-informed, politically inclined users because they understand how it works and care about its security, just as MIT is calling for a decentralized system. In any case, this is nothing to anyone.

What does BCRC think about the future of the Internet? To enhance this capability, industry leaders must reach a consensus to create new BNX (industry pending features and use cases), standardize interprotocol (BNIP), and finally chipmakers provide chips with blockchain attributes to enable BNX to communicate with each other. . We believe that by bringing together industry leaders, government policy makers and institutional investors, new technologies will be made possible. The new world of Blocknet (BNX) enables mobile/notebook/computer/television devices to design houses with blockchain (BNX) capabilities. Welcome to the new world of the Internet.

Leave a Reply

Your email address will not be published. Required fields are marked *