Hi guys! Imagine a man from the beginning of the previous century visits your family. What would he see? Evaluate our reality looking through his eyes. Yes, the technologies nowadays are far more advanced, but we always want more. The world’s rhythm dictates new inventions requirements. And more and more technologies for interaction and data exchange are improving all the time. We perceive the Internet as something usual and understand that something is wrong only when it’s gone. I personally am disappointed when my smart phone doesn’t understand what I want. Yes, I demand more intelligence from gadgets. And I’m sure, many of you too. Today I will tell you about a project, which aims at formation and provision of technological and economic infrastructure that will contribute to the creation of an open global knowledge economy. Its name is HUT34.
The problem the project is designed to solve is connected with the unfair situation on the nowadays information market. It is known that the data involved in the processes of the Internet of Things are monetized by several large companies enjoying all the financial advantages. In the modern world, for example, existing chat bots are mostly limited in functions, which is not surprising as their goal is not to provide the necessary information to users, but to create income for large corporations. So it’s time to offer something new: each participant of the new Hut34 ecosystem will have access to the collected data, information, knowledge and services of all networks, and will also receive rewards and incentives for contribution to infrastructure development.
The Hut34 Network Functions
With the appearance of the blockchain technology with all the advantages it offers it became possible to redistribute the power of data, information and knowledge out of the hands of the few back to the many. Combining these advantages with the achievements of artificial intelligence the Hut34 team will create an ideal platform for messaging that would satisfy all the needs of users and, more than that, allow them to earn some funds. The concept is based on connecting of network participants through Huts (or nodes) and the satisfaction of their requests through intelligent routing and ranking. The information routed through Hut34 network may include text queries, datasets, IOT device data or multimedia files. Thus, Huts will process and provide not only data, but also information and knowledge. Users, in turn, can benefit from adding of new data, information or knowledge. You can read about the Hut34 Protocol in the project whitepaper (see the links below).
Hut34 Use Case
The project concept can provide the benefits for end users, domain experts, bot developers and the whole industry. The Hut34 network will provide consumers with the information and services they need in the most convenient and user-friendly way. A user chooses one single point of interaction – a website, an instant messenger or a voice service, and gets access to the entire extensive knowledge base of the Hut34 network without having to enter a special query or phrase. In addition, experts in certain fields of knowledge can easily find their audience, covering the entire network of Hut34, and get a reward for their work and experience. Thus, the whole industry benefits from this, as creators are motivated to create new knowledge and make new discoveries. On the platform they will be paid only for the innovative ideas! For more use cases, please refer to the whitepaper.
In order to raise funds for the project development and realization as well as platform maintenance, the company refers to the creation of a token economy. Special ENT (Entropy) tokens will be used by consumers as the only means of payment in the Hut34 network. If you are interested in supporting the project you still have a chance to purchase the tokens during the token sale which closes in 2 days (for purchase, sign up here https://hut34.io/tokenSale). In total, 100 million tokens will be created without further increase in the number, 30% of which will be available for purchase. The value of the token during the ICO is 0.002 ETH. In addition, you can also support the project by participating in the variety of the bounty campaigns (for terms, see the link below).
Useful links:
Website: https://hut34.io/
Whitepaper: https://docsend.com/view/b4h7ygu
BTT Bounty Thread: https://bitcointalk.org/index.php?topic=2200726.0
Twitter: https://twitter.com/hut34project
Facebook: https://www.facebook.com/hut34project
Telegram: https://t.me/joinchat/FfSBbxBbWS8SGjMQ4O3wBQ
My BTT profile link: cr_liev https://bitcointalk.org/index.php?action=profile;u=1046642;