LYNKED.WORLD PROJECT ((ICO 2018))-LYNKED.WORLD THROUGH BLOCKCHAIN

dprince2281 (5)in #dprince2281 • 6 years ago

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INTRODUCTION:

I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

Blockchain is a distributed database system that acts as an “open ledger” to store and manage transactions. Each record in the database is called a block and contains details such as the transaction timestamp as well as a link to the previous block. This makes it impossible for anyone to alter information about the records retrospectively. Also, due to the fact that the same transaction is recorded over multiple, distributed database systems, the technology is secure by design.

With the above in mind, blockchain is immutable – information remains in the same state for as long as the network exists.

Perhaps most significant development in IT over the past few years, blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality.

blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality just two of the benefits afforded to businesses using Satoshi Nakamoto’s landmark technology.”

When you talk about blockchain in the context of Bitcoin, the connection to Big Data seems a little tenuous. What if, instead of Bitcoin, the blockchain was a ledger for other financial transactions? Or business contracts? Or stock trades?

The financial services industry is starting to take a serious look at block chain technology. Oliver Bussmann, CIO of UBS says that blockchain technology could “pare transaction processing time from days to minutes.”

The business imperative in financial services for blockchain is powerful. Imagine blockchains of that magnitude. Huge data lakes of blocks that contain the full history of every financial transaction, all available for analysis. Blockchain provides for the integrity of the ledger, but not for the analysis. That’s where Big Data and accompanying analysis tools will come into play.Recently, a consortium of 47 Japanese banks signed up with a blockchain startup called Ripple to facilitate money transfers between bank accounts using blockchain. The main reason behind the move is to perform real-time transfers at a significantly low cost. One of the reasons traditional real-time transfers were expensive was because of the potential risk factors. Double-spending (which is a form of transaction failure where the same security token gets used twice) is a real problem with real-time transfers. With blockchains, that risk is largely avoided. Big data analytics makes it possible to identify patterns in consumer spending and identify risky transactions a lot quicker than they can be done currently. This reduces the cost with real-time transactions.

In Industries outside of banking too, the main drive for adoption of Blockchain technologies has been security. Across healthcare, retail and public administration, establishments have started experimenting with blockchain to handle data to prevent hacking and data leaks. In healthcare, a technology such as blockchain can make sure that multiple “signatures” are sought at every level of data access. This can help prevent a repeat of events such as the 2015 attack that led to the theft of over 100 million patient records.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: LYNKED.WORLD

WHAT IS LYNKED.WORLD?

Lynked.World is a blockchain based ecosystem and development platform which provides a multi-faceted solution for individuals and organizations to own, control and share digitally trusted identity, data and documents in a secure and convenient way. It which enables individuals and businesses to build customized forms and applications to provide different services to consumers, without needing to be concerned about the authenticity of shared data, documents and digital identities of the entities involved in a convenient and secure way.

ABOUT LYNKED.WORLD

Our mission is to provide a secure platform for individuals and institutions to own, control and share digitally trusted identity. Our Solution Lynked.World is a platform built upon Blockchain Technology to verify digital identity, education and professional experience. Blockchain security provides an irrefutable digitally verified block of information that is never compromised. The platform enables users to control their digital information and share directly with employers, institutions & businesses. We are moving towards a global platform that not only serves the purpose of digitalizing identities but will also become a network of trusted professionals. Our Story Our current process of sharing identity and background verification is time consuming, costly and error prone. With the evolution of blockchain, we are revolutionizing information sharing process. We are building the ecosystem of direct verification of profiles between various entities making it cost effective & taking away the need of middleman/brokers. We are on-boarding several educational, government and professional institution(s) on our platform which will provide global coverage to our user base.

LYNKED.WORLD ECOSYSTEM

The Lynked.World ecosystem is a multi-faceted solution comprising of an entire application platform developed from ground up to be able to harness the features of blockchain technologies. Our platform is based on the Ethereum blockchain and comprises of feature rich modules solving real life problems around trust and authenticity of digital identities, documents and data for both consumers and corporates alike.

LYNKED.WORLD FEATURES

Secure storage of digital documents on your mobile device.
Control of your own data –Share only what is explicitly authorized by you
Get your documents verified on blockchain
Enabling authorities to issue digitally signed documents to user wallets

USE CASES

Sharing identity documents when checking into hotels, airports, hospitals using QR codes
Sharing verified educational and professional certificates with employer for job applications
Avail different kinds of services requiring digital identification with ease

LYNKED.WORLD EXPLANATION VIDEO

LYNKED.WORLD ROADMAP

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