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Topic: 💥🚀[ANN] INSOLAR - Distributed Business Networks - page 267. (Read 60954 times)

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Activity: 364
Merit: 11
we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.
Why?
As the existing blockchain platforms such as Ethereum have inherent limitation in transaction bandwidth (currently limiting to a dozen tx/sec), and prospective platforms and frameworks are only in the development stage, we also consider designing and developing our own INS blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, we will implement one of much faster consensus algorithms from the BFT family (HoneyBadgerBFT/Zyzzyva/others), enabling up to thousands transactions per second.
Thank you so much for the answers, you've been helpful as always!)
full member
Activity: 336
Merit: 100
we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.
Why?
As the existing blockchain platforms such as Ethereum have inherent limitation in transaction bandwidth (currently limiting to a dozen tx/sec), and prospective platforms and frameworks are only in the development stage, we also consider designing and developing our own INS blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, we will implement one of much faster consensus algorithms from the BFT family (HoneyBadgerBFT/Zyzzyva/others), enabling up to thousands transactions per second.
member
Activity: 364
Merit: 11
we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.
Why?
full member
Activity: 336
Merit: 100
I see...so what blockchain platform are you running now?
We are runnign our ICO at Ethereum but we are reviewing several platforms ​as ​a ​possible ​base ​for ​INS.
member
Activity: 364
Merit: 11
I see...so what blockchain platform are you running now?
full member
Activity: 336
Merit: 100
So that's why you use blockchain technology or why?
We are building a decentralized marketplace that connects grocery manufacturers, consumers, and third-party fulfilment providers.
The blockchain is an ideal fit for this model since it allows one to record the flow of goods and sync the parties together.
Importantly, we also enable manufacturers to run bespoke loyalty programs directed at consumers and run on smart contracts. Smart contracts support any logic manufacturers want to code in the reward - once the customer has met the conditions, the system unlocks INS tokens as a reward.
Blockchain enables us to trim costs. It shortens the supply chain and creates a decentralised environment with more options and lower prices than traditional retail.
member
Activity: 364
Merit: 11
So that's why you use blockchain technology or why?
full member
Activity: 336
Merit: 100
The blockchain architecture allows peer-to-peer transactions to take place in a secure way without the need for any central entities. Blockchain and smart contracts provide the tools and framework to create a new generation of marketplaces where supply and demand sides can engage in trusted trading transactions, according to various business rules, without the need of a central brokerage entity.
The peer-to-peer structure is the perfect fit for the decentralized nature of our project and has the benefit of handing over the power back to the people participating in the ecosystem.
full member
Activity: 336
Merit: 100
The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.
There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.
So it means you are better using new technologies?
We are no better or worse, we are different. Smiley
member
Activity: 364
Merit: 11
The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.
There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.
So it means you are better using new technologies?
full member
Activity: 336
Merit: 100
The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.
There’s one important aspect to highlight though. The model is often explained as “removing the middleman” without emphasizing that what actually happens is not a complete removal of the broker in the middle, but rather a replacement of the old broker with a new kind of broker. A much better type of broker, built around a software platform, but still a middleman entity between the supply and demand sides. That centralized software architecture is how online marketplaces are able to capture value and is the critical building block of their business model.
member
Activity: 364
Merit: 11
The most successful marketplaces such as Amazon or eBay came to life because they managed to remove middleman entities and replaced them with an automated software.
full member
Activity: 336
Merit: 100
ach, I must say!
The INS Ecosystem has no direct analogues and competitors as of now. Wink Smiley
Grin Indeed!)
I hope it'll eliminate the costly intermediates, all those wholesalers and retailers, and pass the saved value to consumers.
That's exactly what we are for: to connect grocery manufacturers and consumers directly and to provide better lower prices. And much more!
member
Activity: 364
Merit: 11
ach, I must say!
The INS Ecosystem has no direct analogues and competitors as of now. Wink Smiley
Grin Indeed!)
I hope it'll eliminate the costly intermediates, all those wholesalers and retailers, and pass the saved value to consumers.
full member
Activity: 336
Merit: 100
Hi there! Just read an article on Facebook about one of the top INS Ecosytem's advisors - Dmitry Filatov, interesting Wink
Thanks, we try to tell the community more facts about our team, considering the fact they're very interesting people!
Very noble approach, I must say!
And,btw, I think that's the difference between INS and others.
The INS Ecosystem has no direct analogues and competitors as of now. Wink Smiley
member
Activity: 364
Merit: 11
Hi there! Just read an article on Facebook about one of the top INS Ecosytem's advisors - Dmitry Filatov, interesting Wink
Thanks, we try to tell the community more facts about our team, considering the fact they're very interesting people!
Very noble approach, I must say!
And,btw, I think that's the difference between INS and others.
full member
Activity: 336
Merit: 100
Hi there! Just read an article on Facebook about one of the top INS Ecosytem's advisors - Dmitry Filatov, interesting Wink
Thanks, we try to tell the community more facts about our team, considering the fact they're very interesting people!
member
Activity: 364
Merit: 11
Hi there! Just read an article on Facebook about one of the top INS Ecosytem's advisors - Dmitry Filatov, interesting Wink
full member
Activity: 336
Merit: 100
And if I change my mind, what about returnings?
A refund can only be issued before you buy tokens.
Ok, thanks for the info!
You are always welcome! Smiley
member
Activity: 229
Merit: 10
And if I change my mind, what about returnings?
A refund can only be issued before you buy tokens.
Ok, thanks for the info!
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