DataBlockChain utilizes cutting-edge technologies in a bid to create a reliable interface to meet the data gathering requirements of businesses and individuals. These combined technologies seek to take out the need for an intermediary, increase the quality and accessibility of available data, and secure payments and transactions.
Below, we take a comprehensive look at our three main blockchain technologies that DataBlockChain will utilize in their daily operation. From the detailed information provided below, we aim to differentiate the abilities and uses of each technology. Let's dig in deeper!
Smart Indexing Engine
Smart Indexing Engine is an incredible technological interface, which uses state-of-the-art artificial intelligence. It takes out the need for a digital analyst, and gathers, interprets and maintains the data itself. Essentially, the Smart Indexing Engine gathers accurate and credible data from the required data sources.
How does it do this? It lists all the necessary data sources before evaluating each of them by assigning confidence scores to each. By utilizing predictive analytics, the open source system is able to effectively determine accurate scores for each source.
Keep in mind that this system addresses one of the major problems that come with big data: the speed of changing data. With it algorithm interface, the system is able to update the scores in terms of quality and recent data sources just to name a few. The higher the score of the data source, the more accurate and valid the data is.
Blockchain Integration
Every business seeks to protect and improve their financial status and capability, and seeks to maintain secure transactions. However, with the persistence of malicious actors and data abuse, consistently achieving secure transactions has become a difficult task.
In a bid to solve this problem, DataBlockChain have integrated Ethereum blockchain technologies into their solution. By enabling payment via the Ethereum blockchain, transactions settled with DBCCoins are secure, efficient and entirely verifiable. Further, Ethereum allows the use of innovative smart contracts.
DataBlockChain smart contracts are designed to meet and oversee three major objectives and steps: auditing, transactions and payments. These systems ensure transparency and accountability in day to day transactions.
DBC Wallet
Even though blockchain technology has created a world of convenience, it has presented its own challenges. Sure, it has enabled us to carry out transactions digitally to purchase different services in a secure and transparent manner. However, the process of actually carrying out transactions is often long and difficult.
Enter the secure DBCWallet; the DBC Wallet takes out the hassle in transacting using tokens. With a simple click on the wallet, you can use it as you would use a credit card to purchase DataBlockChain’s services. This interface is created to provide secure storage methods and a reliable exchange mechanism.
An Innovative Marriage of Blockchain and AI
DataBlockChain, then, are utilizing the cutting edge technologies of blockchain, their AI-assisted Smart Indexing Engine, and their DBC Wallet in order to provide an overall secure, efficient, and effective solution to data gathering for businesses. Current problems of the traditional data space of outdated, compartmentalized data alongside the crippling issue of insecure transactions are effectively combatted using a combination of a blockchain-based payment system and an AI-assisted indexing/ scoring engine. Furthermore, this innovative combination of tech takes out the necessity for middlemen in the form of data analysts. A marriage of AI and blockchain at its finest!
So the technologies utilized by DataBlockChain are ground breaking, and their vision revolutionary; but do the team have the skills and expertise required to make their solution a success? The team will be the focus of the final installment of DataBlockChain In Spotlight.
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Disclaimer: this is not financial advice, just my personal opinion and findings based upon research.