Clarity project
Clarity Project
Decentralization
Decentralizing the data storage and management helps increase security by compartmentalizing the flow of control. In a scenario where a rogue data center employee tries to destroy or modify data, decentralization ensures that there are copies of data that have not been compromised. For an organized attack on the database, the attacker would need to control a majority of the network which is quite challenging to acquire. Decentralization also ensures that the governance of such a model is democratic. This is done taking votes from all the parties involved that wish to use the model to ensure fairness.
Data Immutability and Integrity
Immutability of data is of utmost importance to the corporations which are concerned with Big Data. If the data set that needs to be scrutinized is modified in any way, the resulting analysis is bound to be of little value. Corporations would naturally like to avoid such a scenario to save money. Blockchains can efficiently ensure as Blockchain provide a seamless way to conduct data integrity and audit trails. The two most significant problems that companies are dealing with large datasets are:
- Ensuring that data has not been modified.
- Ensuring that data comes from an authentic source.
Factom, one of the most interesting Blockchain Startups, is working to solve precisely that particular problem. Factom is leveraging the power of the Bitcoin Blockchain to ensure the immutability and authenticity of data. The Factom system works by segmenting the data services into smaller fragments and using their network to provide security at every step. Every time that data needs to be secured, Factom creates a transaction with the hash of the data in JSON document. That document is then cryptographically signed with the company’s private key to ensure ownership. This transaction is then written in the Blockchain of choice like Bitcoin or Ethereum to ensure that data remains just as secure as the Bitcoin’s Blockchain. This system also makes it trivial to check for inconsistencies in the future as it only requires comparing hashes of the two datasets. - Monetization
Another point of contention of enormous data sets is the issue of rights or ownership. Blockchains makes it easy to ascribe ownership to data, thereby facilitating the transfer of rights and royalties based on fair use. This would enable a universal data marketplace that has never been seen before. People would be able to get compensated more fairly than right now, and corporations would get access to more data points this way. - Security
The most prominent advantage of using Blockchain Technology for organizations like Healthcare providers to secure large data sets is that Blockchains are hack proof. In 2015, Healthcare providers along with prominent insurers lost an estimated 100 million patient records due to several data breaches. If the data were encrypted, time-stamped and appended to a Blockchain like Factom instead, there would not be any unauthorized access. Physicians would be able to get instant access, and patients would get a lot more control over how their sensitive information is used.
As an entrepreneur, I have learned the importance of having a complete customer and market understanding through analyzing and management of the data that gives me a complete view of customer engagement and requirements. With this data I'm able to make smart decisions that are strategic towards the success of my business endeavors.
Most of the times I make smart decisions made possible through the analysis of the data collected during the business planning phase, my data research normally comprises of customer practical contact with my business and how I can be able to retain them as repeating customers.
The importance of Data management has been a key focus in today's business strategies and in this video below you will get insights of how effective data management can help businesses grow:
Data management has been a key element in business growth and has helped me as an Entrepreneur make internal and external management decisions that have improved my small business. I have used traditional methods of data management such as using spreadsheets and my small record book. Technology has really changed how data is managed by business and I would not like to be left behind, I'm currently studying how technology is helping small businesses such as mine to embrace technology and use data management tools towards improving quality in their decision making.
Most business are using artificial intelligence to process data, unfortunately this is centralized way of data processing and management and with the introduction of blockchain technology there is an opportunity to decentralize data processing and management that will improve the quality of data businesses use to make decisions in improving their customer relationships and business management.
I have come across Clarity, a start-up that will help small businesses owners like me access modern data management tools that will allow us process and manage our data in an effective and efficient way the same way large businesses with a lot of resources to budget in data management. Business have become competitive especially in this digital era where business that are quick to adopt technology are able to grow and have a competitive advantage, Clarity start-up is here for us and this are some of the services its offering to help small businesses embrace modern technology in their data management.
CLARITY PROJECT SERVICES
The clarity project is building a data management platform through blockchain technology that will help us have an all-inclusive modern data management tools that is artificially intelligent ready allowing us validate business data through a decentralized network, store this data for review later and analyze data through their innovative dashboard picture below. This will help small businesses and institutions minimize costs of setting up their own data management platforms and allow small businesses access this tool and move from traditional forms of data management. This project is a noble idea that is helping the community through improving of businesses that are the key economic drivers.
The Clarity project will help small businesses process raw data improving their decision-making strategies and improving their businesses productivity, processes and management. Processing data through traditional methods for small business is likely to contain erros due to inefficient management tools and analytical capabilities that can hinder small businesses process data effectively. Unfortunately, this small business cannot afford to budget for data management tools since most of their resources are allocated in funding and businesses financing. The clarity project will be highly beneficial to small businesses and the project will really help in improving their productivity using modern data recording and analysis. Small business spends a lot of time researching and this data is not used effectively the clarity project will enrich this data for use in decision making.
Institutional investors will be able to handle large volume of data in the platform in a decentralized environment, the Clarity project will allow this institution to exchange data with each other through a shared ecosystem, this will allow the institution have diversified accurate data that will improve their data profiling and curation. The platform will bring this institution together allowing centralized data to be decentralized for more improvement in curation.
THE CLARITY PROJECT INTELLIGENCE DASHBOARD
The Clarity development team has been able to provide a data management platform with an intuitive dashboard that has beautiful UI designs, that allow real time data access, through visual charts and infographic formats that are easily understandable even to non-experts.
The dashboard is comprehensive allowing data comparison across all information, through artificial intelligence the data is processed and presented in an easy eye view dashboard.
The Clarity project will allow businesses track their data processes in real time and receive alerts in case of changes, this will improve the data processing and curation for smart strategic decision making.
The clarity dashboard is simple to understand with a consolidated view that shows the sales infographic, financial information such as revenue projections, latest activities and time bound statistics and many more.
CONCLUSIONS
Businesses will find the Clarity project beneficial in their day to day data management, allowing them to process data collected from various sources towards improved decision making that is collected, maintained and indexed in one platform.
Decentralizing this data management and processing will improve the efficiency of data organizing and maintenance for businesses. Unlike centralized environments businesses will be able to share important data, improving optimization of the data database to reduce redundancy and maintenance tasks
I believe data management is very important in business growth and businesses should embrace modern data processing to improve their decision making, processes and productivity.
The clarity project will allow both small and large intuitions analyze valuable information such as market insights, customer requirements and needs, customer loyalty and their spending behaviors, Financial projections and statements. They will be able to record the information for review of their history for comparison proposes.
As an entrepreneur, I believe the clarity project is beneficial to my small businesses and te adoption probability of the project is likely to be high since most businesses owners understand the importance of data management and processing in their decision-making strategies. The business has promised a lot and I will keep an eye on it – the team is highly skilled in helping businesses grow and using blockchain technology towards improved decentralized data management is key to improving technological data analytics.
REFERENCES
Maybe just this, the reviews I made in terms of helping and telling everyone to, participate in the ICO or Bounty campaign they run today.
If there is any shortage in this review information, please forgive me for your inconvenience in reading or searching for Information, but do not worry I have provided a link you can visit, to find out more about the Clarity project, and surely you will get reliable Information from the team as well as the Founder of the .... project.
All information in great detail you can find on the website of the project Clarity There are also links to all social networks of the project, through which you can receive in detail and in time news and observe the process of development and establishment of the platform.
For More Information:
Website - https://clarityproject.io/
Whitepaper-https://www.clarityproject.io/wp-content/uploads/2018/07/whitepaper-v2.5- min.compressed.pdf
ANN thread - https://bitcointalk.org/index.php?topic=4479431
Twitter - https://twitter.com/theCLRTYproject
Facebook - https://www.facebook.com/theCLRTYproject/
Telegram - https://t.me/theCLRTYproject
By : metho93