Tectone23: Distinctive Review on Blockchain and Smartphones!!!

shekinah-gee (26)in #tectone • 2 years ago

TECTONE23

For too long, our data have been in the mercies of big data companies and tech giants who mine and use these data for business purposes without our consent. The calls we make are routed through a third-party network. Our activities on social media and search engines are tracked. We give out an enormous amounts of data without meaning to, while tech companies take this data, sell them or use them, or both, and we get nothing from it.
But with decentralized technology, blockchain, in particular, tech products such as TECTONE23, a blockchain smartphone, can take back the power of data ownership from the big tech companies, and put it back into the right hands: you!
Decentralized technology, brought about by blockchain, on which smart contracts are built, has third-parties useless, and has, in a way, given the power of personal data to individuals, and not big tech companies.
The smart contract, while not an entirely new technology concept, is the main driving force of a democratized system in technology. The days of one party holding the aces in a contract is done away with. With smart contracts (which doesn’t mean a normal business contracts), people can carry out contracts without fear of one person having the aces and control over the contract. All parties involved are equally powerful as the terms of the contracts are stored on a blockchain.

THE TWO MAIN ADVANTAGES OF SMART CONTRACTS

Certainty of outcome: With a smart contract, you don’t have to second-guess the authenticity of what has been signed, or doubt that anyone will doctor the terms of the contract at any point. It is almost, if not impossible, for the details of a signed contract on a block to be altered.
Automation of performance: The contracts and their stated terms and conditions are put into effect automatically once the conditions are met or not. So long the terms have been coded into the contract, it’s automated when it’s time.
Efficient in following through with the outlined process.

HOW DOES TECTONE23 SOLVE THE DATA PROBLEM?

Blockchain technology has grown so much over the years that it’s estimated that by 2025, 65% of banks will run the majority of their banking operations on the blockchain. Banks such as JP Morgan have already started keying into the immense power of blockchain technology, with the creation of the JPM coin, a native token, and a distributed Ledger, Quorum.
With blockchain and Proof-of-Authority, Techtone23 is placing the power to own and control how your data is used.
Tectone23 is a blockchain smartphone that acts as a node on any blockchain network. So, instead of a third-party being responsible for data collection and storage, the phone, which acts as the node on any block, stores the data. Therefore, should anyone need access to personal data, the owner of the blockchain smartphone, whose data is needed, can either allow access or restrict it.
Because you who owns the smartphone can now save your private and public key on your blockchain.
Also, because of the sudden growth of 5G, which we expect to become more mainstream in the coming years, Blockchain smartphones will come in hand in data ownership and control.
Blockchain smartphones also help people have their crypto wallets securely on their phone, eliminating some of the major security issues people have with desktop and mobile wallets.
In addition, as satellite phones become more popular, blockchain smartphones will help connect people in rural areas, formerly unconnected. And will equip them with adequate knowledge of blockchain technology and web3.0.
Tectone23, having realized how important the project is, decided to have a native token, the TECHT.

THE TECHT TOKEN

It is common knowledge that blockchain projects often have their native tokens developed alongside the project to power users and investors in the project to enjoy some first-comers benefit. One such benefit is that users of Tectone23 smartphones who have the Tech token will gain exclusive access, first, to new projects from the team at Tectone23.

The token, built on the ERC20 network, will fuel the ecosystem, and allow more people to get involved in the journey of right ownership of personal data on the internet.

Another amazing quality of the TECHT token is that it can be used as a medium of exchange on decentralized apps and also used for gas fees on the network.

The token will be developed on the ER20 network before it'll be migrated into the Tectone23 native chain.

Some of the other outstanding features of the TECHT tokens are:

It is limited in supply; only 100,000,000 will be created.
You, the user, hold all the aces on your data.
It is open source.
It can be accessed by all.
Its community-Esque infrastructure fuels its decentralization, making it a top choice for people who seek decentralized systems.
70% of total tokens will be held in a reserve.