Quras Decentralized Anonymous Platform For Cloud and IOT | Review

dylanzachary (6)in #ico • 6 years ago (edited)

Overview to Quras Platfom :

Quras platform is based on block-chain technology developed for smart contracts and other crypto tokens to empower fast and anonymous data sharing between IOT devices with the help machine learning mechanism. Quraschain network will enable anyone to operate on big chunks of data for different purposes with the help of Quras token or create their own tokens just like Erc20 tokens on Ethereum block-chain. It will reduce cost of sharing, analyzing and storing data in IOT devices. They will mainly focus on three parameters: first of all they will provide anonymous property to IOT devices, secondly they will convert user’s data into analytical structure to avoid central system and in the third phase they will sign contracts between IOT users and IOT devices.

Why we need Quras Platform ?

Data sets of big data are so complex that our current tools are not able to correctly process them. Problems related to big data are grabbing, cleaning, moving query etc and our current data bases are not able to meet the requirements and big organizations needs parallel computing power to correctly process big data. Cloud services are increasing at fast rate and companies are demanding cloud services at low cost and experts agreed that decentralized network can able to provide better and low cost data. According to an estimate global revenue of software and data intelligence market is around $18.3 billion and it will reach $22.8 billion in 2020. More than 6 million developers worldwide are working on data services to meet the demand of current generation.

How Quraschain will work ?

Quraschain is based on proof of knowledge consensus mechanism that encrypts every information related to transactions and anonymously verifies its validity. Their block-chain system will provide a proof that users own certain data without leaking his information to the public. Their chain mechanism will also work on Tangle system in which nodes will issue transactions and for every new transaction it must have to approve previous two transactions. As a proof of concept based model internal tokens and Quraschain will be given in response to walking distance and data will be tracked through IOT devices.

Why Tangle System?

Tangle is a distributed ledger system similar to current block-chain technology but block-chain has limited boundaries as it does not provide computational power to internet of things (IOT).Blockchain structure works on merkle tree while Tangle data structure works on DAG (Direct Acylic Graph. Through bitcoin we have to pay some fees but in Tangle we do not have to pay any kind of fees and also simple CPU computers can run it. Bitcoin rewards to their miners who generate new block in the air with ASIC machines and consuming high air while Tangle does not reward to their miners. Quras platform is specially designed for IOT devices and to provide devices to devices transactions and micro payment system.

Instead of using block-chain technology we can use Tangle system in which transactions are stored in ledger form and each node contain one CPU and issue transaction and for this purpose new node has to approve previous two transactions. Quras peer to peer zero knowledge proves system will provide anonymous identity based security to their platform users and capacity servers will perform encoding and decoding process through self govern system. Their torrent like seed process makes a perfect solution for big data of cloud and IOT devices.