Steemians You're gonna Love this
OpenCryptoTrust is something you might not have heard about yet. You will do. It's a new BlockChain Platform and it's aimed at revolutionising and disrupting the Telco industry by introducing some very timely Blockchain innovations. It's a hybrid blockchain, both global and public allowing it to be used and adopted by a diverse client base and it's highly inspired by Graphene because of a couple of very important factors. Opencryptotrust feels the need for the speed (Telco needs the speed) and it wants to build a fair and profitable mining community. A democratic community by way of DPoS. They've also attempted to correct the PoS imbalance with a completely new algorithm. Proof of Duration, which means you get rewarded for holding tokens over time. Smaller investors can mine with proof of stake and proof of duration, they can hodl onto coins, passively earning an income. That's a neat solution. Like all good blockchain, at it's core is the competitive disruptor factor. An accountable, efficient, trustless system, scalable and capable of delivering significant cost savings with transparency. It's a platform designed to implement solutions for a variety of problems.
Although it's primarily an industry specific development, it deepens my conviction that Graphene based technology could be adopted to run the world. when I say run the world, I mean governance. You can't perform effective governance on the Ethereum network. 15 transactions per second wouldn't be any good to the UN. Visa can handle 24,000. So you can see that being part of Steemit's early adoption is perhaps your very own way to help shape things to come. However, we digress. Apart from the fact that I increasingly think that large scale governance via blockchain is inevitable. It would not only help combat corruption at all levels, perhaps remove it entirely, but also deliver huge, almost unimaginable savings for the taxpayer. The machine economy & then some. Anyhoo
Graphene is 100,000 TPS
This post and all the others on steemit is living proof that the Steemit way of incredibly fast block production rate really is the modern way forward and anyone who wants to take over the world; Dr Evil, or any other number of James Bond bad guys would certainly build their Blockchains on the rocket fast framework this very post is being published upon. wahooo. This is good news for Steemit, good news for Bitshares and good news for Telco.
History
Developed in 2014 as a proof of concept, the original goal was to create an optical (SDN) software designed network solution with the ability to build up and tear down circuits in minutes rather than months. That's pretty revolutionary. An optical architect and software dev team built the complex solution and the rest as they say is history. In 2016 the BlockChain initiative project came out of a belief that by understanding specific industry needs, a pre-designed framework could best serve the greatest efficiencies and encourage mass adoption. This was to be the first in a line of killer apps to be built and drive adoption to a trusted framework. OpenCryptoTrust.
Killer Apps
To demonstrate OCT's prowess they will be launching with not one but two game changers which promise to bring many benefits to large organisations and telco providers.
BD-WAN (BlockChain Defined Wide Area Network)
BD-WAN integrates SDN with Blockchain for scalable virtualisation of WAN transport tech. Dynamically establish and tear down physical and logical circuits meaning clients pay (ONLY) for what they actually use. Direct Billing. MPLS via blockchain (near zero delay) full visibility over all transport facilities. Cloud and content to the doorstep as standard.
BaaT (BlockChain as a Transport)
Using blockchain to connect geographically distant layer 2 islands using any available infrastructure including the public internet. Supporting all traffic securely, broadcast, multicast and unicast, BaaT becomes the choice for all businesses. It's appeal lies in it's advantages over VPN / MPLS and dedicated links as a transport option, seamlessly operating across public internet. It's a tunneling technique designed to operate multipoint unlike other tunneling techniques which can't achieve that. Signaling is separated out on the blockchain and it's scalability has no issues. because no multicast underlay network is required it can operate over any IP transport including the public internet.
Led by Mayande Walker, one of the foremost figures in optical network infrastructure, he is the brains behind the networks for some of the largest players in the financial industry. The OCT crew is an A-Team of global network consultants including Jeffrey Doyle, the Godfather of IP routing protocols, Moustafa Amin rising star of architecture in the blockchain sphere and Paul Valenzuela, veteran of multimillion dollar telecomms infrastructure.
For more information about opencrpytotrust