BLOCKCLOUD: ADVANCED TCP/IP SOLUTION
One of the greatest inventions of all time still remains the internet, and not only has this revolutionary piece of technology made access to information much easier, it has also paved the way for the creation of more technological innovations that have proven to be an essential part of our daily lives. Furthermore, the internet with its diverse functionalities has been a useful tool in the success of many businesses, companies, ventures, etc. We cannot begin to fathom how life would have been without the internet, because we are so used to it that we do not know life without the internet, as it is an integral part of our daily lives and has helped us achieve a great many things that may have been perceived as unattainable. The internet today has become our go-to place for information about just anything, and this unhindered access to information has contributed immensely to our development as intellectual and intelligent beings.
As earlier mentioned, the internet created a template for the further development of other technologies like blockchain, crypto, artificial intelligence, virtual reality, augmented reality, Internet of Things (IoT), etc., and the IoT has continued to enjoy attention, as it has become a household thing, this is we can enjoy our smart homes with various interconnected devices and equipments, and our ability to interact with all of them remotely, no doubts about the world going “Smart”, all thanks to the internet and associated technologies.
As prolific as the internet and related technologies are, there still lies a chink in the armor, as the Internet of Things (IoT) which seems to be gaining grounds all around the world, is hampered by several issues including a faulty business model, lack of trust, bad scalability, weak connectivity, and a security system that is susceptible to attacks. To this end, researchers came up with the idea to tackle the connectivity and scalability problems through the implementation of the Service-centric Networking (SCN) protocol, while another team of researchers is of the opinion that the blockchain technology can play a good role in enhancing trust, security and incentivized IoT. While these are noteworthy solutions, they only sound workable because it is assumed that there is a properly connected and stable underlying network to facilitate the solutions.
The Solution: Blockcloud
Blockcloud is a blockchain-based platform seeking to bring advanced Transmission Control Protocol/Internet Protocol (TCP/IP) structures to define how internet-based systems exchange data with each other. This revolutionary system will focus its attention on Smart Homes, Internet of Vehicles, Edge Computing, Sharing Economy, and Smart Healthcare. Blockcloud was created as the perfect solution to the challenges experienced by the IoT, hence, it will combine the services of the blockchain technology and Service-centric Network (SCN) while ensuring that the underlying networks are stable and effectively connected. The platform’s service is one that covers a lot including data communication, cloud storage, algorithm module, mobile app, and business system, among other sectors. At the moment, the Blockcloud network has been able to connect over 8 million users, 3 million MAU, 1 million DAU, and 7 million devices, and that is an indication that their solutions and services are topnotch. Blockcloud was created with some outstanding features, including:
✓ Consensus Mechanism
It uses a Proof of Service (PoS) consensus mechanism where service providers on the network have the responsibility of providing proof that services are indeed provided by them, and with efficiency and effectiveness. The consensus is used to evaluate all the resources being contributed by network participants, and the resources include computation, storage, bandwidth, and relay. Providing these services correctly usually involves the subscriber who needs a service, the provider that executes the service, and the verifier for the verification of the service.
✓ Compacted Directed Acyclic Graph (CoDAG)
This is used to ensure that IoT transactions are recorded fast, in order to solve the prevailing problems that exist with blockchain protocols, there is the provision of a new framework, as it will no longer be just devices and miners, but there is the inclusion of a gateway.
✓ Truthful Continuous Double Action (TCDA)
This is a protocol used to facilitate service matching and fair pricing and will function as a smart contract that will help guard against price manipulations, reduce the cost of trading maintenance, and guarantee fairness.
✓ Service-centric Networking (SCN)
SCN refers to an internet technology with the ability to provide a network stack that is service-aware, it is a system where applications will have the ability to communicate directly using service names rather than addresses. This system of networking will further enhance connectivity, scalability, and mobility.
The blockcloud architecture consists of four layers all performing different functions to ensure the effective functionality of the service as a whole. These layers are: Transactionchain Layer which stores transactions taking place on the network and also fulfils the features of IoT, the Servicechain Layer that is used to define new rules and operations for the rejection or acceptance of Blockcloud operations, the Routing Layer which functions as a store for information about the routing services, and the Service Layer which serves the real services that are a part of the network.
The blockchain approach being adopted by Blockcloud is one that is decentralized, and with the various features and protocols in place, will ensure that there is more trust, enhance security by ensuring that communications taking place between devices are stored in the blockchain and the service information gets stored in Coral. With Blockcloud, subscribers and service providers are matched together automatically to promote fairness. At the moment, there are only a few blockchain-based systems offering similar services, but Blockcloud seems to be ahead of the pack with the unique features it has and the effective solutions it brings to the challenges faced by the Internet of Things. The company has an active social media presence with over 22,000 Telegram members and on other platforms, and it also has its roadshow happening around the world to further increase its publicity. With a team of professionals, Blockcloud’s idea is very achievable.
Useful Link:
Website: https://www.block-cloud.io/