VANTA aims to be the World’s first decentralized network

docasvad (25)in #vanta • 6 years ago

VANTA is contemplating to create an original network for real-time networking, which allows individuals and companies to swiftly develop services that can effectively communicate and process real-time data, as well as market the services at low cost without added infrastructure. As a result, productive services will be provided and combined within the VANTA ecosystem, and VANTA blockchain will be a useful blockchain that will greatly contribute to changing the daily lives of individuals and operations of industry businesses.

Real-time networking technology incorporates a wide range of sectors. The technology can be used for messaging / file transfer/voice & video call development, large-scale real-time video streaming, and transmitting & processing various real-time data collected from IoT sensors. Besides speaking these problems through the VANTA blockchain, VANTA will implement and develop enterprise-level telecommunications network resolutions to businesses and enterprise consumers.
Applying blockchain and crypto economics designed for real-time networking, VANTA builds a system in which nodes joining the network contribute to real-time data transmission and processing without relying on old centralized systems and networks. This system results in a low cost, functional blockchain based network. Anyone, regardless of current platforms, can participate and use the network by applying an API, an SDK, or modules to integrate with existing applications or platforms in use. VANTA, therefore, can simply increase the ecosystem through modules that combine applications and platforms that need real-time networking.

The necessary for this network arises from the fundamental basis that the amount of real-time data transferred between people and devices is increasing exponentially. In addition to the number of devices joined to the Internet, the amount of data that individuals create and consume in real-time is exploding. The need to transport and process more data quickly is growing quickly.
High-definition broadcast streaming, high-definition group video call, low latency data processing for VR & AR are any examples. In addition, sectors such as learning, production, individual medical & life support systems, traffic knowledge systems, and factory operation systems leverage real-time data transmission and processing from different IoT sensors, which generate hundreds of thousands data points per second.

VANTA will propose to solve the following problems through a decentralized intelligent network based on blockchain technology.
If you’ve regularly played online games or any type of games with online communities, you’ve reasonably seen examples where players communicate with each other through text or voice chat services. The question that people usually don’t think about is: Did the creators of these games develop their in-game communication services?
The answer is various likely no.
Generating an in-game message service can be incredibly time-consuming and may require more workers if a company doesn’t now have the technology. APIs can come in handy where companies need specific functions integrated into their own services.
APIs (Application Programming Interface) can be accessed within Software Development Kits (SDK) that are given by the creators. SDK is a set of software development devices that allow anyone to achieve one or more APIs in the form of on-device libraries to interface to an appropriate programming language. It could also be a hardware-specific tool that can interact with a particular embedded system.
APIs have then become common in the IT industry for a while now but with the fresh spread of smart devices and the explosive growth in IoT sector, the demand for APIs from both mobiles and web service providers is growing exponentially.
With the rise of new technical structures like IoT and Big Data, businesses must focus on structure and increasing their ecosystems while changing quickly to the trends in the market. Gartner, Inc, a global research and advisory firm, advised businesses that APIs are the most essential, basic components of digital business platforms and stated: “APIs produce a digital society and digital business work by connecting people, businesses and things.”¹
In the past, companies studied their technology to be highly confidential and kept their sources private. In recent years, however, partnerships have been opening up to cooperate by sharing and consolidate their technology with other companies in their ecosystem. They do this with open APIs, or public APIs, which can be used by both groups or somebody to integrate proprietary software application or web service.
Introduction to VANTA’s API and SDK Services
VANTA is a platform blockchain that will be optimized for real-time networking. Although it will have its personal ecosystem with all types of applying and assistance, VANTA will provide core modules in the form of an SDK and/or API accessible in a variety of common programming languages using standard designs such as REST. So individual developers or companies will have platform-independent entrance to the VANTA Network.

These well-documented modules will allow developers to simply build services that can reach the numerous devices worldwide that already compete in the VANTA Network. For example, a developer could build messaging employment using existing technologies and subsequently connect to the VANTA Network using these modules. The application would then be available for devices connected to VANTA. Thus, VANTA will act as the backend, with the use being run in real-time crossed many devices in a P2P way.

Alternatively, of the typical client-server model with various devices connecting to a single, centralized server, VANTA gives a secure, P2P, scalable and stationary network to facilitate real-time network. Our “Proof of Network” consensus algorithms utilising Verifiable Random Functions (VRFs) solves the issue of reaching consensus over a large network, with typical Practical Byzantine Fault Tolerance (PBFT) algorithms operating in O(n²) time. Furthermore, the lack of centralized servers indicates that the user’s data is protected on their own devices. Many services such as LinkedIn and Uber have confessed that data on millions of users have previously been compromised. Secure communication services and encryptions over a P2P network such as VANTA guarantees that this will be impossible. Besides, since the blockchain will be running on several verifying nodes, VANTA has no single point of frustration, meaning that even if many devices default, applications can keep working.
Thus, VANTA will give easy-to-use and well-documented modules to provide developers with their existing information to use VANTA as the backend, providing all the interests of a decentralized network for real-time communication in a scalable, secure manner.