[ANN][ICO] - Big Data Block (big data processing and analytics for all!) - page 3.

cohens714

newbie

Activity: 21

Merit: 0

Quote from: Mang Li on April 01, 2018, 02:17:09 PM

hi, how did this project collected the Big data ?
anyway when the crowdsale will begin ?
and what is the price will be for this token ?

Thanks for asking! Come take a look at the site and it will provide most of your answers. We are publishing the whitepaper early next week as well. The private sale is going on now through the end of April.

https://bigdatablock.com/

Mang Li

full member

Activity: 327

Merit: 100

hi, how did this project collected the Big data ?
anyway when the crowdsale will begin ?
and what is the price will be for this token ?

cohens714

newbie

Activity: 21

Merit: 0

Quote from: The Crypto Peasant on March 26, 2018, 04:54:45 PM

Hello,

I have been following your project for the past few months
very very excited to see the project progress.

Here's a great example of why we need decentralized distributed data. Storing data on thousands of decentralized nodes makes thefts like this almost impossible.

http://money.cnn.com/2018/04/01/technology/saks-hack-credit-debit-card/index.html

The Crypto Peasant

full member

Activity: 258

Merit: 103

Hello,

I have been following your project for the past few months
very very excited to see the project progress.

cohens714

newbie

Activity: 21

Merit: 0

Visit us and learn more at bigdatablock.com

Its Time To Change Big Data, Forever.
BIG DATA BLOCK™(BDB™)Makes Big Data Computational Analysis Accessible, Affordable, And Secure, For Everyone

PRESALE NOW ON. If interested in token pre-sale information, email us at [email protected]

About Big Data Block

Big Data Block is changing the future of big data processing by combining open source software that connects massive networks of computers to orchestrate large tasks, and the decentralized nodes of a global blockchain network. Two great things, even better together

Blockchain & Big Data Need Each Other

Big data analysis is currently only available to large organizations capable of building massive large scale data computing environments which are prohibitively expensive to build, run, and maintain. BDB removes all of the headaches associated with big data processing by using blockchain technology to spread the computing burden across computers within BDB’s ecosystem.

Ask the team questions and get answers instantly!

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Solutions

What Technology Is Behind Big Data?

The most common technology solution to solve big data processing is Hadoop; which takes the classic data processing paradigm but looks at it from a more standard software development mindset. The classic way people manage data is utilizing large database systems that centralize the processing of this data into large monolithic systems like Oracle or SQL Server or Teradata. The issue is running a large monolithic database application to manage and process data requires meticulous and time-consuming structuring can be difficult and expensive to scale at large sizes. Hadoop moved away from structured data and created a distributed model to process data more horizontally, distributed to any number of computers or nodes. The raw processing power is across a large number of nodes and the processing is broken up so the jobs can be run in smaller chunks across a truly distributed system.

Why Big Data And Blockchain?

While big data is very popular now it still requires a fair amount of technical expertise and expense to implement. Big data is one of the hottest skills right now and hiring or contracting is expensive. Running Big data at scale also requires significant technical capabilities. Large companies with deep pockets can do this, but not everyone can. That’s the problem we are solving. We are democratizing big data.
It’s possible to create a very small managed big data instance that can run on nodes on computers globally. The ability to send a big data job into a decentralized big data environment creates infinite scale and lowers the cost to run these jobs dramatically. The benefit for those running these nodes is payment in BDB tokens. Our intuitive interface allows jobs to be submitted with just a few clicks. Very little technical knowledge is needed to run these previously complex and expensive jobs and you only pay when you need a job run. All that is needed is the data, the metadata about this data, and the rules for analyzing the data. The job is run on as many nodes as are available and returned to the requestor.
Another significant advantage BDB is overall data security as data is spread across many nodes and all the data is destroyed after each job is run leaving no trail and no data to be hacked.

What Is A Real World Example Of How A Typical Job Would Work?

Sara runs a company that owns and operates a small solar farm to provide energy to her local area. This farm collects a lot of log data from all the solar panels. She is a small energy producer so every dollar counts and she wants to be sure her solar panels are as optimized as possible. She is collecting all this log data but doesn’t have a large tech staff nor does she have the experience to parse it all and gain any real insight from it. Here’s where BDB comes in. With BDB Sara can now take all the data and create performance ranges from highest to lowest of the energy output of each of her solar panels. This will immediately tell her which panels are the best and worst performing. From this data she can then look into the individual logs for the worst performing and see if there are obvious indications of any issue with those panels.
Sara simply logs into the BDB portal and defines her BDB job. Once the job is set up the system will determine the size and complexity and provide a cost in BDB’s and Sara can decide if she would like to execute the job. She executes this job at a cost of $38 USD. The data is then uploaded to the BDB system which processes and sends the output file back to our secure landing zone for Sara to let her know her job is done! Sara decides to run this job weekly and pays less than $155 per month!

BDB TOKEN STRUCTURE

Big Data Block™ (BDB™) Is Proud To Announce That We Have Finalized Our Token Structure.
The BDB™ Token Is An ERC20 Compliant Utility Token.
The Price Per Token Is .50¢.

Structure Detail:

Our goal from Day 1 has been to offer a majority of our tokens to early adopters. Our structure allocates a majority of the tokens to the crowd sale for this reason.
Token Sale – Tokens sold during the crowd sale. There will be tiered discounting (announced in concert with our ICO date currently slated for Late Spring/Early Summer 2018). Min purchase is .01 ETH and max is 20 ETH.
Founders and Advisers – Held by founders and advisers.
Reserve – Future incentives for employees, data scientists and the BDB™ community.
Presale – 50% discount for a limited period beginning on April 1, 2018 and ending when sold out. We are capping the amount and making a few tokens available to early adopters.
Bounties – Rewarding those that believe in BDB™ and help get the word out.
Non-profit Fund – Our goal has always been to find ways to help the world. Tokens will be issued to help students, nonprofits, data scientists, researchers, academic institutions, NGOs, governments, and others who can make a measurable impact in the world.
Founders Vesting Schedule
6 months after ICO completion – 33%
12 months after ICO completion – 33%
18 months after ICO completion – 34%
We are very excited to be continuing our journey with all of you. The prototype is moving along and each day we get closer to launching the ICO!
Big Data Block ICO Event Details Coming Soon
If interested in token pre-sale information, email us at [email protected]

Topic: [ANN][ICO] - Big Data Block (big data processing and analytics for all!) - page 3. (Read 709 times)