Cartesi - Breaking The Current Limits Of Blockchain

leader2704 (38)in #blockchain • 5 years ago

Introduction

Blockchain is known as the technology behind the most famous cryptocurrency system in the world - Bitcoin. It can be said that when Bitcoin is getting more popular in the financial market, Blockchain also caused a fever in the technology world. The number of companies intending to research and apply Blockchain is increasing, the salary paid to Blockchain engineers is increasing as well. Every company wants to stay ahead of their competitors, adopting technology that is considered as the future of the world. Blockchain promises to profoundly change human’s life, not only on the Internet but also in the real world, from finance to agriculture. But…

Problems Of Blockchain

There are many other products also introduced that apply blockchain technology such as research, software, finance, logistics or data storage ... These are old problems, which already had some solutions at the moment, and now this has been studied to apply blockchain technology. However, is blockchain application effective in these areas when blockchain exists disadvantages such as unable to apply intensive computations due to limitations of current unscalable blockchain environment? That is because all the computations in current blockchain is repeating across all nodes and it does not have an external realistic platform that can support intensive computations. Besides, developers now have to use programming languages, which they are not familiar with, resulting the working process need more time and become more inefficiently. Another factor need to be considered is the interoperability of the blockchain out there. In particular, some blockchain projects also think about using external platform for computation purposes, nevertheless, they cannot provide flexible solution that can help their off-chain computations compatible with other blockchain platforms, leading developers are only able to create their dApps on a specific blockchain. Therefore, this makes the adoption target of blockchain even more difficult to achieve. The last issues is consensus

Cartesi's Solution

Understanding the current issues of blockchain, after doing many researches, Cartesi releases an innovative technology and solutions that can help to resolve these problems. More specifically, Cartesi produced a Linux infrastructure that works off-chain with the purpose of making scalable decentralized applications. This infrastructure called Cartesi machine which is a modern deterministic Linux operating system handled by a RISC-V processor that provide real-world computations. The reason why Cartesi decided to use Linux for their solution is because it is one of the most popular operating systems used around the world thanks to its open source advantage - allowing people to customize and create different products without any cost. Today, Linux is not just the kernel or the operating system, it is an encryption system that underpins many different technologies that support most IT systems around the world. It is the core of the Android operating system and most of the web itself. It is the most important open source technology in the world. As a result, developers who work on Cartesi machine can easily use all the resources such as libraries and services they usually work on thanks to Linux programming language, this will help to save time for them and improve the effectiveness of workflow. Another remarkable point of Cartesi solution is its compatibility, meaning that Cartesi node can enable any smart contracts in various blockchains to establish computations without any difference. This will help to reduce the complex barrier of different specific blockchains that prevent the interworking between them. Finally, regarding consensus, Cartesi itself has capability to automatically guarantee the consensus by discouraging all misbehaviors and resolving disputes. In addition, all involved parties will be able to validate computations outside the blockchain, meaning that very less efforts of computation is required inside the blockchain with negligible cost no matter how big the external computation is.

How Helpful Cartesi Is For Real-World Use Cases

With all of the features mentioned above, no surprisingly, Cartesi solution offers beneficial for many industries such as Logistics and Optimization, Finance, Software, Gaming and Research. For instance, developers do not need to learn new programming languages in case they want to take advantages of blockchain technology such as decentralization to apply into gaming thanks to Linux-enabled infrastructure of Cartesi. In other words, Cartesi will help to open a new era for gaming industry. Besides, Cartesi will help to take finance market to the next level by dint of its ability to read and calculate complicated data from various blockchains, this is especially helpful for futures and insurance aspect. Regarding AI aspect, according to a Gartner survey in 2018, CIOs ranked AI as the most difficult technology to deploy, the main reason being that it requires new techniques. Furthermore, it is difficult to find scientists, data experts with special technical capabilities, and usually there are companies willing to pay them a higher price. This is more difficult than hiring people with a solid understanding of business strategies and digital technology with deep insights into the company's data. Blockchain as its nature of decentralization will help to resolve this issue. More clearly, Cartesi with its capacity of decentralized automated verification, companies will not be worried about these problems as developers can create services that allow companies to outsource machine learning or intensive computations that require professionals specialized in AI. As a result, this will help to diminish current high cost of this field.

Conclusion

To conclude, Cartesi deserves our attention with qualified team and innovative idea in the field of blockchain. The objectives of this project are clearly explained with reasonable facts that are to build a solution for blockchain trilemma at negligible cost. If you are loooking for a transparency blockchain project with adequate team support; excellent and unique platform with good UX/UI; Cartesi is the best choice. Having professional and well-experienced team to back up the project, it is going to go far beyond our expectation and it will definitely take the leading place among its peers.