Monday, July 30, 2018

[Hilarium ICO Talk] The Age of Data as an Oil and Resources - Why you should pay attention to the Blockchain technology

Hello Everyone, this is Chris Kim from the HILARIUM FOUNDATION.




Decentralized Blockchain Platform - Hilarium

Hilarium is preparing a universal compensation platform based on block-chain technology through the virtual currency ICO. This Block-chain technology is emerging as a new alternative for a huge data monopolizing business.
New alternative for data monopoly business
Block Chain Technology
A few years ago, Mr. Ma, the IT innovator Alibaba company, said: "The world is moving from information technology (IT) to the era of data technology."

As data-owing businesses such as Google, Facebook, and Amazon already grow into the largest companies in the world, it is no exaggeration to say that we live in an era when data is new oil and resources.

Up to now, the IoT has evolved based on cloud computing. The current trend is that as more devices are connected, you need a large data center that acts as a huge central server. It is not only about costliness, but there are also concerns about scalability, security, and data monopoly. If a data center that controls everything is hacked, the entire city may be paralyzed, and data monopolies may have a huge impact on society across the country.

This is the reason why we must pay attention to the era of Block-chain data technology. Applying block-chain technology allows individual devices to function as nodes in a block-chain, eliminating the need for a central server and making it difficult to tamper with data.

The block-chain will be the generic technology for implementing a hyper-connected society such as autonomous navigation and Internet (IoT). 
Future society will be a society where people relate to objects, objects connected with objects that is automatically controlled. 

Just as the Web has shaken the IT ecosystem and transformed diverse industries, the block-chain also anticipates changes to the centralized system.


No comments:

Post a Comment