Review: OMNITY

levanisvan (-1)(1)in #omnity • 6 years ago

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising OMNITY and its advantages.

About OMNITY

Omnity is a self-assembling, decentralized knowledge curation system, interconnecting private document repositories at all scales (of, by, and for people, companies, organizations, and Governments). Semantic interconnections are made both within internal document sets and with external high-quality, third-party vetted public data from throughout the world (see Figure 2). Omnity does not scrape the web; rather we harvest and interconnect massive sets of public and private documents systematically uploaded through APIs and connectors to uncover hidden and unexpected patters of high value.

How would that work?

The internal structure of OMNITY will be based on a neural network, which will identify different dependencies between requests and responses of users in similar and not very topics. The platform will constantly self-study by analyzing each document and drawing conclusions based on the article or work. These publications and extracts from them will be stored on the platform on demand by other users so that each subsequent user can get the necessary information faster than the previous one.

Distributed Storage Network (DSN) is the main network of the platform that will serve for storing, updating, and searching new articles and publications on various topics. For example, you have found a way to quickly fix a complex car breakdown without the need to contact the service. You can write an article about it and put a copy of it in OMNITY, the system will draw conclusions from the article and users will be able to read it in full, and to subtract short conclusions without
excess water.

Principle of operation

All available documents will be subject to constant analysis-the system will continuously self-study. The structure is based on a neural network, it will identify dependencies between requests and responses of users.

Distributed Storage Network

This is the name of the main network. Its tasks include update, storage and search for new sources of information.
You can write unique articles from your life, about your specifics, and upload an article to the OMNITY network. Next, the system will analyze the article and show users either all or the most valuable, as they say, without “water”.

The main tools of the platform

Storage Monitor. This technology is necessary to track the relevance of the information.
File Handler. Responsible for the storage and retrieval of the desired files and applications for the use of documents to owners. Each document uploaded to the network will be given an identification number, which can be easily found.
Data Recovery Agent. The tool is needed to recover lost or damaged files.

This network will contain very useful tools and functions.

The first useful tool that I would like to tell you about is Storage Monitor. This is a tool that will track the relevance of certain articles and publications. This will allow each user to have fresh and relevant information about the issues that interest him.
The second useful application is File Handler. It will allow users to store and retrieve the required files and to apply for use of the document by the owner. That is, when you load a document into the system it will be given a unique identification number, which then this document can be easily found.
The third will be a tool to recover damaged or lost files. it will be called the Data Recovery Agent.

Token-Based Consumption of Omnity

Users who consume Omnity through tokens enjoy all of the features of the free user tier, as well as a wider and deeper range of already-built and commercialized Omnity services:

(A) An Om token or fraction thereof can be used to ingest into Omnity and query on any number of documents or set of documents, where those document can be privately archived on either a cloud based and/or a blockchain-enabled, decentralized public ledger, useful both to validate ingestion time and date for time-sensitive documents, as well as to detect potential duplicate documents in Omnity. One Om token enables a 20-page document to be queried, where one page is defined as 3,000 ASCII characters. Token users can ingest and store as many documents as desired.

(B) An Om token or fraction thereof can also be used to trigger the automated production of an information feed, which we term a “Discovery Bot”, relative to a user-initiated query or set of queries. Discovery Bots can be produced over a specific unit of time (e.g. hour, day, week, and month) as well as be triggered by an event (e.g. the accumulation of sufficient content, whose threshold is set by either the User or Omnity). The total number of and depth of Discovery Bots generated over a specified period of time drives the pricing of this service.

Omnity Storage Monitor (SM)

The storage monitor watches all data indexes for existing and new files. When new files are added to the index, the monitor sends a request to the file handler to store this file on the DSN. When an existing file becomes unavailable, the SM sends a request to the recovery agent that retrieves the file from the DSN and restores it onto the index. There are several potential reasons as to why existing files might become unavailable such as natural disasters, data corruption, hardware failures, and network hacks.

Mechanics of Token Sale

Omnity tokens are securities (investment contracts) being offered within the U.S. pursuant to 506(c) of Regulation D and outside the U.S. in reliance on Regulation S. Omnity tokens will be sold in multiple stages, with a private sale followed by a presale and then a public sale. In the United States, only accredited investors will be able to purchase Omnity tokens. Of funds raised, 74% will be allocated for Omnity’s operations (as per Figure 11); 15% in reserve, including use for the Early Adopter Program; 6% for employees, advisors, and partners; and 5% for founders.

Tokensale

Sale will be held in several stages. Based on the data on the website, private sales should begin in the near future, during which it is planned to sell tokens for $ 9 million. Known total hard cap of the sales – $ 50 million. Tokens will be distributed as follows:
– 74% for sales;
– 15% will go to the reserve;
– 6% share of employees, advisors and partners;
– 5% pool of founders.Distribution of investments depending on the amount collected during the sales period, the creators of the project have provided several options for using the funds: