Topic: Why use blockchain as the underlying technology? (Read 185 times)
I think blockchain technology is of major importance today. From transparency of information and security to the advantage of being a decentralized network, blockchain has become almost mandatory in our times. I think blockchain is the revolution of modern technology.
I think security plays much more role in that choice because openness and decentralization are matter of choice but security cannot be given up.
The blockchain is a decentralized system, which eliminates the need of a middleman and makes the exchanges hassle free for the people at both ends. And the best part is, it is completely free. And most importantly, it is secure and safe to use at ease.
Blockchain technology is based on decentralized system where cryptography is used to enlist the growing blocks. As it runs on decentralized system, no central government can control it and all our details will be safe. Transparency and security are the other two most important features of blockchain technology.
Actually Blockchain tech was a great invention. Based on this Many company are using this because of its benefits also it solve the third party problems also this is Decentralized system and Free for all also it is strongly secured and transparent system.
We use blockchain for eliminating risk and also eliminating weakness of the data storage and it also provides security from the hackers when the transactions occur.
Blockchain - it is a modern technology that can radically change the world and make life easier for people. This technology has high security and therefore it is chosen as a base.
Blockchain is a decentralized database. It is used for storing data in a more efficient way. It is decentralized which is solving the issues we can have with centralized database. This is a modern day technology and it has the potential to go much far.
I agree with whatever you said. I would like to add one more thing that blockchain is transparent and incorruptible. People cannot not corrupt it easily as all the transactions are transparent and visible to everyone. So, if anything goes wrong then it can be easily identifiable.
Bitcoin is blockchain, without bitcoin there is no blockchain. It is just called bitcoin and not blockchain. It could have been named blockchain, but then it wouldnt be such loved word today
Blockchain is the revolution of modern technology. I think it is the safest technology nowadays. Additionally, it is faster than traditional methods so it is widely welcomed all over the world.
As the underlying technology, block chain has high applicability and practicability, and the block chain technology is stable and easy to develop. Being a programmer is easy to use directly.
Blockchain underline technology is more advanced and safe. Blockchain underline technology is committed to providing data protection and security. For which it is forward to use.
Blockchain is used as the underlying mechanism because of its fragmentation (little to no chance of losing data), transparency and protection which it promises to the users.
It's right that the crypto market is flourshing due to implementation of blockchaing technology. I think, this technology is something beyond imagination ensuring highest security of your money and information.
The technology of blockchain is extremely useful. It is safe, transparent and information in it cannot be edited. It works as middleman in the transaction of the cryptocurrency, all the movement of coin is noted there. And the best part is it is decentralized and no one controls it.
There are more than a few positive reasons to why blockchain is perfect as an underlying technology. The security measures, with decentralizing data gathering on top, with very high security measures and transparency make it even more desirable for users to choose.
REOS Live Q&A Session Recap
This week we held our very first live Q&A session on the REOS YouTube channel
with Project Lead Leon Bian and Head of Marketing & BD Jay Cheng.
After sharing a bit about their backgrounds, Leon and Jay answered questions
submitted by our community members via our social media platforms.
In case you missed it, here is a recap of the questions & answers:
This week we held our very first live Q&A session on the REOS YouTube channel
with Project Lead Leon Bian and Head of Marketing & BD Jay Cheng.
After sharing a bit about their backgrounds, Leon and Jay answered questions
submitted by our community members via our social media platforms.
In case you missed it, here is a recap of the questions & answers:
Q: Will there be patent rights for the content submitted to REOS or how will the content be available for use?
Jay: Yes, any content submitted will be recorded on the blockchain to ensure
proper attribution of ownership. The content will be available through the DApps
on our platform. The content creators are the rightful owners of their own work.
REOS is merely a platform that helps facilitate monetization and licensing of
content with content creators’ interests in mind.
Jay: Yes, any content submitted will be recorded on the blockchain to ensure
proper attribution of ownership. The content will be available through the DApps
on our platform. The content creators are the rightful owners of their own work.
REOS is merely a platform that helps facilitate monetization and licensing of
content with content creators’ interests in mind.
Q: How can you be sure of the protection of my rights to own a digital asset?
Leon: We have implemented a system to tokenize digital assets so that every piece
of content is encrypted and protected. The content creator initially holds the rights.
The rights can be exchanged to other parties on our platform. Our goal is
to maximize income for content creators.
Leon: We have implemented a system to tokenize digital assets so that every piece
of content is encrypted and protected. The content creator initially holds the rights.
The rights can be exchanged to other parties on our platform. Our goal is
to maximize income for content creators.
Q: What criteria will be used to value the content monetarily to prevent under/overvaluation?
Jay: We have implemented a content validation mechanism called Voting with
Stakes to leverage the wisdom of the crowd to determine the true value of the content.
But we understand that sometimes a democratic process can still be
biased due to innocent reasons. We have also designed AI neural networks with
machine learning to complement the voting process. Coupled with a content exchange,
we believe that our platform will reflect the true value of the content.
Jay: We have implemented a content validation mechanism called Voting with
Stakes to leverage the wisdom of the crowd to determine the true value of the content.
But we understand that sometimes a democratic process can still be
biased due to innocent reasons. We have also designed AI neural networks with
machine learning to complement the voting process. Coupled with a content exchange,
we believe that our platform will reflect the true value of the content.
Q: What is the process of validation in the digital assets industry and in particular in your company?
Jay: This is a big question. The world needs a system to both reflect the true value
of the content and also weed out fake content. This is where traditional content distribution
or social media platform has been failing.
When we talk about content validation on the REOS platform, we are talking
about determining the true value of the content through a validation mechanism
called Voting with Stakes. The community members will upvote and downvote for
the content, and the final value of the content is determined by a weighted
average of real user votes and AI based machine learning.
In the traditional industry, there is upvote / downvote but the system is prone to
trolls and manipulation. In the blockchain world, SteemIT has led the field with
its voting mechanism. However, the Steem Power is unevenly distributed to favor
its insiders, so the process isn’t truly democratic. We believe we have a leading solution.
Jay: This is a big question. The world needs a system to both reflect the true value
of the content and also weed out fake content. This is where traditional content distribution
or social media platform has been failing.
When we talk about content validation on the REOS platform, we are talking
about determining the true value of the content through a validation mechanism
called Voting with Stakes. The community members will upvote and downvote for
the content, and the final value of the content is determined by a weighted
average of real user votes and AI based machine learning.
In the traditional industry, there is upvote / downvote but the system is prone to
trolls and manipulation. In the blockchain world, SteemIT has led the field with
its voting mechanism. However, the Steem Power is unevenly distributed to favor
its insiders, so the process isn’t truly democratic. We believe we have a leading solution.
How does REOS compete with established competitors?
Leon: We will have strong competitive advantages on three fronts:
1. Technology. We have designed revolutionary technology both to protect digital
content rights and facilitate content exchange with real-time content value
determination by leveraging both the wisdom of the crowd and the power of AI.
2. Team. A truly international team and board of advisors. Technically, the team
has more than 20 years of experience in multimedia and mobile security technologies
(Data Encryption and DRM, Android Framework). The team currently holds and
is applying for multiple international patents related to multimedia and blockchain.
Many of us have worked together for over a decade.
3. Partnership. We truly believe in strong partnerships to grow our user base and
foster high-quality content. We are working closely with technology companies and
mobile OEMs for app distribution and user acquisition and working with A-list content
companies to acquire content. Some of the companies include Cheetah Mobile, Lenovo, and Nero, among others.
Leon: We will have strong competitive advantages on three fronts:
1. Technology. We have designed revolutionary technology both to protect digital
content rights and facilitate content exchange with real-time content value
determination by leveraging both the wisdom of the crowd and the power of AI.
2. Team. A truly international team and board of advisors. Technically, the team
has more than 20 years of experience in multimedia and mobile security technologies
(Data Encryption and DRM, Android Framework). The team currently holds and
is applying for multiple international patents related to multimedia and blockchain.
Many of us have worked together for over a decade.
3. Partnership. We truly believe in strong partnerships to grow our user base and
foster high-quality content. We are working closely with technology companies and
mobile OEMs for app distribution and user acquisition and working with A-list content
companies to acquire content. Some of the companies include Cheetah Mobile, Lenovo, and Nero, among others.
Q: In the white paper of your project, it is written that the REOS wallet
allows users to perform various smart transactions simultaneously on
the REOS platform while leveraging the Ethereum blockchain. How do
you want to do this? Will there be a possibility of carrying out
transactions besides ERC20 transactions?
Leon: Our REOS tokens are initially issued on the Ethereum platform based on
ERC 20 standard. REOS is building its own public chain for handling digital
content. We use on-chain/off-chain technology to improve efficiency of the
transactions as we all know Ethereum currently doesn’t offer the fastest speed.
allows users to perform various smart transactions simultaneously on
the REOS platform while leveraging the Ethereum blockchain. How do
you want to do this? Will there be a possibility of carrying out
transactions besides ERC20 transactions?
Leon: Our REOS tokens are initially issued on the Ethereum platform based on
ERC 20 standard. REOS is building its own public chain for handling digital
content. We use on-chain/off-chain technology to improve efficiency of the
transactions as we all know Ethereum currently doesn’t offer the fastest speed.
Q: Is there already at this stage of project development sponsorship from
representatives of different countries or interesting investors?
Jay: As we mentioned earlier, we have already partnered with technology
companies, content providers and mobile device OEMs in multiple countries for
both user acquisition, app distribution and content creation.
Also, since the start of our roadshow in Singapore a month ago, we have garnered
a lot of interest from the investors. We are in advanced talks with several key
investors. We are specifically interested in strategic investors. For example, we are
currently talking to an AI company for both investment and collaboration.
representatives of different countries or interesting investors?
Jay: As we mentioned earlier, we have already partnered with technology
companies, content providers and mobile device OEMs in multiple countries for
both user acquisition, app distribution and content creation.
Also, since the start of our roadshow in Singapore a month ago, we have garnered
a lot of interest from the investors. We are in advanced talks with several key
investors. We are specifically interested in strategic investors. For example, we are
currently talking to an AI company for both investment and collaboration.
Q: What does the word REOS mean? How did you come up with the name?
Fabi, Marketing Manager: Our inspiration for REOS came from the Latin word
CREO — meaning to create and make. Our mission is primarily to empower
content creators from all tiers and allow them to fairly monetize their content.
Fabi, Marketing Manager: Our inspiration for REOS came from the Latin word
CREO — meaning to create and make. Our mission is primarily to empower
content creators from all tiers and allow them to fairly monetize their content.
You can also replay the live Q&A here: https://youtu.be/nFDATpAXw-I
Stay tuned for our next Live Q&A by subscribing to our YouTube channel
or join our 11k+ member Telegram group!
Stay tuned for our next Live Q&A by subscribing to our YouTube channel
or join our 11k+ member Telegram group!
Blockchain has the following important characteristics that make it ideal to use in REOS:
• Decentralization: Data are held across the blockchain network, which eliminates
the risks and vulnerabilities that come with storing data centrally, such as central
point of failure and data loss.
• Openness: A public blockchain makes its data transparent to everyone involved.
It is permission-less, which means that applications can be added to the network
without the approval or trust of others.
• Security: Blockchain offers high-level of security against fraudulent activity such
as data tampering and identity theft.
Watch our video below to see REOS Project Lead Leon Bian explain why we are using
blockchain as the underlying technology: YOUTUBE
For more info about REOS:
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