The story of the blockchain technology in many ways is the story of the internet, as these two groundbreaking innovations are often compared in significance to one another and also to other historical achievements of the human race like the creation of fire itself. The internet upon which almost all human activities in this modern era depends is some way upon, cannot be overemphasized in its importance. Since the beginning of time, the flow of information has always been restricted as only a privileged few amongst are able to access it. While the internet has since broken this chain, it was not till the advent of the blockchain technology with the creation of Bitcoin in 2009 that the world woke to a new reality where the transfer of value can happen between peers, without ever having to rely on middlemen.
Bitcoin was the dawn of the Blockchain technology in its entirety, a development that is still causing shockwaves in the banking and financial industries of the world. Bitcoin with the aid of the immutable and incorruptible public ledger that the blockchain technology has enabled proved that there doesn’t need to be trust, for transactions to be transparent, fair, and fast. These are attributes that have suddenly eluded the mainstream financial industries after the scandals of the 2008 financial meltdown.
However, the blockchain technology was still restricted to mere digital currencies and it was until Ethereum in 2018, that Smart Contracts gave the technology a new breath of life which gave new uses to it. However, as the blockchain technology became more popular, it became clear that it still suffers from fundamental problems the biggest of which was the scalability of transactions, which the likes of EOS and other 3.0 blockchain platforms have taken up the challenge to solve.
CHALLENGES ARISING
While the blockchain 3.0 evolution is still in progress as the effect of this new stage in the history of the technology is still yet to be fully felt by the industry. It has become clear that most of the blockchain 3.0 platforms such as EOS, ZIlliqa and others have focused on scalability and solving its problems, there are other fundamental issues that continue to trouble the blockchain universe which has made it impossible for it to go fully mainstream yet.
THE SEELE SILVER BULLET
With all that has been said, it has become very apparent that the 3.0 stage of the blockchain technology does not have all the answers and that more drastic and revolutionary solutions are needed for this new value transfer and distribution system to finally have the effect it is supposed to have. Seele is a brand new blockchain based platform that seeks to cut-short the blockchain 3.0 story, which although solves some problems goes short of what the blockchain industry actually needs to unleash the full potentials of the technology. Seele is the first of its kind blockchain 4.0 platform that seeks to redefine the very possibilities that the blockchain technology currently works under, demystify the seemingly intractable problems that the industry currently suffers from, and finally make this revolutionary technology capable of causing not mere disruptions but redefine all industries, businesses, and service deliveries across the world. Seele is a platform for the future where the internet is 5G and beyond, where the IoT world is in full-gear, and where heavy demand industries such as AI and Virtual Reality need reliable infrastructures to scale and achieve their goals.
Seele as a platform comes with a number of unique features that puts it apart from all that preceded it. Some of these game-changing features include:
Neural Consensus Algorithm
One of the prominent points of weakness of almost all present blockchain platforms is the limiting nature of their consensus algorithms. From the proof of work which is vastly energy wasting and ends up causing inadvertent partial centralization on=f blockchains, to the proof of stake which although a bit more energy efficient, lags behind terribly when it comes to scalability, the blockchain world needed a whole new look which the Seele platform offers in the form of its all-new Neural Consensus Algorithm. This groundbreaking consensus algorithm is one that is built with the human brain in mind and has been carefully structured by the Seele dev team to be the perfect self-developing consensus mechanism that will be capable of seamlessly handling the unlimited number of tasks from varying industries on the Seele platform.
Heterogenous Forest Network
While the various stages of the blockchain evolution have focused on solving innate problems that plague the technology, no platform so far has proved to be universally adaptable to all possible applications and industries. Ethereum enabled the creation of Decentralized Applications, but these DApps are prone to congesting the Ethereum blockchain and they have limited functionality. The Seele platform breaks away from these encumbrances as it creates a unique network that comes with what is known as a heterogenous Forest Network, which is capable of seamless use for any present use cases as well as future ones. From healthcare, to finance, or the supply chain, the Heterogenous Forest Network is capable of tailor-made solutions for all needs, at mass scale proportions with even greater security.
Seele is a platform that seeks to undercut the incremental approach to the blockchain development and deliver the all-important solution that will not only solve all the problems that plague the technology but make it ideal for adoption by emerging high-value tech industries of this century and the times ahead. The transfer of value must be as pervasive, and as easily accessible as the access to information (made possible by the internet), if the blockchain technology is to ever succeed in the revolutionizing the way we do things. Seele is a platform that will make the blockchain technology a must-have basic infrastructure for both traditional services, and the present internet-based service industries.
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