Almost everyone in the world is talking about blockchain technology and the Internet of Things (IoTs) today. Startups, small organizations, developers, non-developers and forward thinking businesses want to remain competitive by focusing on blockchain solutions but the barrier to entry is very high for an average business owner.
The increase in app demand is far outpacing app creation, driven in part by the exploding blockchain and IoT markets. Crowd Machine Whitepaper
Ethereum seems to be the preferred blockchain for new companies to launch their solutions mainly because of its popularity. It also features a smart contract functionality and it source code is open for all to use.
However, the demand for blockchain solutions on different platforms is on the increase. Many companies are exploring other options but the learning curve is not easy for an average programmer. Even at that, you still have to depend on another blockchain to launch your own tokens.
What if you don’t want to depend on an existing blockchain technology and yet you don’t want to break the bank because you want to create yours?
What if you want the freedom to migrate your app from one blockchain to another without overly depending on just one blockchain?
What if you don’t want to play with codes before you create your own blockchain and decentralized apps (dApps)?
What if you just want a user friendly solution that will allow you to extend the functionality of existing smart contracts to develop a superior one?
The goal of Crowd Machine is to empower everyone to create amazing apps on their own blockchain without necessarily depending on any existing blockchain technology. Crowd Machine will unify the world’s surplus device processor capacity to cause a revolution in the blockchain and decentralized apps sector.
On a lighter note, if crowd is synonymous to large numbers and there is a technology behind every machine, then the Crowd Machine concept makes absolute sense. It’s all about leveraging blockchain technology, sharing resources, and automating app development in a decentralized community using a proven technology.
The Crowd Machine consists of three core components combined to deliver the most advanced blockchain and decentralized apps platform.
Crowd Computer – Decentralized Cloud Computing
When computing services are delivered over the internet (“the cloud”), the companies responsible for these services typically charge users based on usage. This is the concept of cloud computing.
Cloud computing services can be in form of servers, databases, storage, software, networking, data analytics and any other services you can think of. These services can be categorized into three business models: infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS).
The current centralized model of providing public cloud services offers very little opportunities for new entrants. It is a capital intensive business model that requires a very significant level of technical talents and infrastructure.
The top four public cloud providers (Amazon Web Services, Microsoft, IBM cloud, and Google) currently control over 65 percent of the market share by taking advantage of economy of scale.
Crowd Machine provides a decentralized solution to cloud computing by sharing the cost and revenue to participate in the network amongst several participants.
Crowd Computer is an intelligent peer-to-peer network of Crowd Virtual Machines designed to execute blockchain smart contracts and decentralized apps to meet any requirement.
This method is not capital intensive and the cost is not centralized within a company. I can see Crowd Computer causing a shift in market share from the big four public service providers to the people in the nearest future. It also has the potential to displace the existing infrastructure markets.
Crowd App Studio – Skilled Labor and App Creation
Crowd App is an embedded development platform within the Crowd Computer where anyone can develop blockchain and decentralized applications (dApps) at a fast rate, even if they have no coding experience.
It allows app features and functions to be drawn as logic diagrams, making it faster and easier to create apps than current development approaches.Crowd Machine Whitepaper
Some of the tools you’ll find on the platform are cloud enabled productivity tools and enterprise resource planning solutions.
With Crowd App Studio, you don’t have to worry about writing codes for your enterprise based apps. Instead, developers model behaviors as a pattern which are logic diagrams that represents the requirement of an app. By combining Patterns, an app is formed.
Crowd Machine provides an agnostic blockchain support for off-chain apps which allows them to interact with any number of blockchains.
As a developer on the Crowd Machine, you can easily migrate your app from one blockchain to another and integrate them with existing blockchains and smart contracts using RESTful APIs, Web Services, and SOAP services.
Just imagine the possibility of being able to interact with all the blockchains you desire just from a single app without dealing with codes. It is possible with Crowd Machine. Most importantly, you can get your apps to the market at a faster rate.
Crowd Share – Solving the Processing and Programming Problems
This is a repository similar to GitHub for contributing and sharing source codes by developers.
It contains ready to use, plug and play Patterns for assembling apps rather than creating them from the scratch which can be downloaded and consumed free of charge by Crowd Machine customers. This accelerates app time to the market.
Unlike GitHub, Crowd Share gives a lifetime compensation to any community member whose source code is consumed and executed on the Crowd Computer. This compensation model is based on the consumption of Patterns.
In conclusion, Crowd Machine is feature rich, powerful, easy to use, and available to everyone interested in blockchain and IoT. This will accelerate the adoption of blockchain and decentralized apps on a global scale without huge costs associated with the present models.
For more information about Crowd Machine and their business model, read the whitepaper here.
You can also check out their website for more information about the roadmap and the team behind the project.
This article is a response to @originalworks contest which can be found here.
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