Prasaga: The powerful Internet-of-Things wherein the building of an evolved Blockchain with Smart Contracts 3.0 and data aggregation for the benefit of mankind.

frankydoodle (59)in #prasaga • 3 years ago (edited)

Good morning to all of us here on Crypto space again guys! How are you all doing these past few days? Today I would like to tell you guys about one of the promising solutions to the high cost of hypotheses of companies when it comes to getting the data they need and those who can provide the data can monetize it with the power of the blockchain of course.

Let me introduce you Prasaga. They do have a motto in their title wherein it says " Making smart work". What I am understanding here is that Prasaga is aiming to have a blockchain community wherein people can exchange relevant data regarding a specific topic or a branch of science and discipline wherein the companies can buy and analyze the data depending on their business so that people can see the importance of it. Raw data from humans can be easily hijacked also known as identity theft worldwide. That is why it is important to have the secrets of the trades and other things pertaining to the security of the person as well. At work, it is fine to have your teammates know your salary especially if you are part of the same team. This data from your company is another useful collection of data for another company that specializes in consultancy for wages and benefits. I know you are excited about the meat of the story and here is how it goes.

**Note: All images are credited to the source which is the Prasaga resources and its company

What is Prasaga and its use-cases for the blockchain and crypto community

---> As they have said, Data is the new oil in the future economy when it comes to the infrastructure of formulating the solutions for different sectors of our society. When it comes to farming and agriculture, as it was outlined by Prasaga team, they can buy data to formulate the necessary products for the farmers if the agritech company is working on it without ever needing to buy sensors and other expensive tools. Direct to the point in identifying the problem and solving it. Hence, the escalation is fast.

A. The Datagrid Blockchain

---> This is one of the promising branches of the Prasaga network. With the Datagrid blockchain or DGB, people will be able to harness the power of blockchain for financial transactions, Defi, supply chains, identity, and other technological advancements from different sectors of any industry. It is like looking into the future with using the present resources so that we can make sure that the future has a bright start ahead of us. It will be decentralized as well when it comes to interacting with it.

The transaction speeds will also scale on-demand as more people will be able to call the functions of the Prasaga DGB. The DGB is also secured and private because it keeps the privacy of the individual in the blockchain including the data that are being transmitted for other use-cases. So you are being not known by those other companies without getting paid.

As you can see here, the demand for data is immense as more companies look further for data to improve their products and services for the masses. This is why we are on the opportunity to ride this opportunity and be part of Prasaga's campaign to make the lives of people be better and the data can be used for hastening/escalating the development of different services and energy tech, fintech, agri tech, etc. As more people are becoming into the 'techie' person they are, they are more of getting data for the economy. And Prasaga team is about to get that 1% of that data volume soon. Which accounts for about $68 Billion U.S. Dollars.

On the image above, let me tell you the other power of the Datagrid blockchain which is flagship of the Prasaga team and community.

Parallel executions among cross-chains
--> This is the power of the cross-sharding capability of the DGB to facilitate public transactions easily and with data integrity for the people.
Cross-chained Sharding

--> This is where the power of the level 2 off-chain transactions take place and then goes back to the blockchain for verification purposes. These are all automated so you do not have to worry about it!

Transparent and Bitcoin-level of security and data integrity
--> BTC as the known protocol for financial transactions is being modeled here so that it will be fully decentralized and known by the validators and miners as well as recording on the blockchain.

Next, we will talk about the XBOM layer in the pyramid above.

---> Without the blockchain and the XBOM of Prasaga, the pyramid above is just an application that is deployed in a centralized manner by different companies. Only those companies can see those that are being created for confidentiality. But if you wanted to have a data infrastructure that is open-sourced but also precise in security and has private connections and decentralized applications that are cross-chained, then Prasaga is the company to go into consulting because they do have XBOM and blockchain that is shared.

By the way, what is XBOM?

---> XBOM means eXtensible Blockchain Object Model (XBOM). As far as I understand after reading their technical and commercial paper, XBOM is like GRT or 'The Graph' coin but in a better and seamless way of having the core code inheritance of a program and Dapp or decentralized application. The XBOM's object is not just designed for the engineering layers or those who are into software development but it also takes the consideration that any other non-tech individuals can understand and be able to process information on the blockchain by using the XBOM Internet of things device.

It also does have cross-chain bridging wherein other dapps and other blockchains can interact with the XBOM-enabled devices and blockchain. For example, you do own a property, and you want it to be protected from fraudsters and other forgers of titles around, you can have Prasaga give you then the capability to manage your own account on the blockchain with security and gives you the ownership of property wherein you are the only one who could access it.

Who can make use of all these? Here is the screenshot from the Prasaga team.

Source: https://www.prasaga.com/wp-content/uploads/2021/01/Prasaga-Commercial-WP.pdf

The smart city we all deserve

The different use-cases will be endless for the Prasaga users. It could be for agricultural purposes, for the environment, and for governance and governmental purposes. The IoT devices enabled by Prasaga will be like more of not only smart devices but it also makes the smart devices to get the data needed to gather data useful for market behaviour and people's sentiment towards a certain infrastructure in the society.

Another screenshot from Prasaga on how the process works for XBOM and DGB

TOKENOMICS

ROADMAP MILESTONES

PRASAGA's BIGTIME TEAM

To summarize, thank you again for reading my blog post about Prasaga, I believe this project will go further because its use-case and other Internet of things devices will be the future of financial transactions and how we are able to communicate with one another and for different use cases such as property ownership and data ownership wherein we can monetize it and escalate the process of studies and research for further advancement of mankind and for its benefits as well. More power to all of us and Prasaga team and advisers!

If you wanted to know more about Prasaga, you may visit their website, documents and social media channels below:

Website: https://www.prasaga.com/

Technical whitepaper: https://www.prasaga.com/wp-content/uploads/2021/01/DataGrid-Blockchain-Technical-WP.pdf

Commerical paper: https://www.prasaga.com/wp-content/uploads/2021/01/Prasaga-Commercial-WP.pdf

FAQs: https://www.prasaga.com/answers/

Telegram: https://t.me/prasagaofficial

Youtube: https://www.youtube.com/channel/UCWvAYSTavfT2xzN7AnAc2pg

Twitter: https://twitter.com/PrasagaOfficial

Discord: https://discord.com/invite/97B6kdP2tD

Facebook: https://www.facebook.com/prasagaofficial

Linkedin: https://www.linkedin.com/company/prasaga/

XBOM: https://www.xbom.io/