Experts around the world conclude that IoT will usher in The Industrial Revolution 4.0, yet the majority of people haven’t even heard of the term. To put it in layman terms, IoT means that your toaster, washing machine and any technical system that can incorporate sensors could be potentially connected to the Internet and subsequently to the IoT networks.
The potential benefit of these networks could be life altering for almost any sector of our society as people could make more informed decisions when buying or deciding to go down a decision path.
“Data is the new gold.”
To make all of these decisions, the devices connected will send and receive precious data that will be transformed into data products and actionable insights. However, with the recent data leakage scandals, people are thinking twice when accessing a service or a product that requires their personally identifiable data. Coupled with blockchain, the technology that’s currently taking the world by storm, IoT systems could finally solve the data privacy issues that presently worry consumers worldwide.
Introducing the Skynet Protocol: Hyper-scalable IoT network powered by Blockchain!
Based on the “Proof-of-Stake” architecture, Skynet has created an open network of hyper-scalable IoT devices that facilitate development for both public and private networks that can remain independent but can also stay in network pools. Here are some of Skynet’s modules:
The Fabric Module
The fabric is the codename of the delegated proof of stake blockchain architecture that enables the creation of interoperable Public or Private networks. Initially, Fabric will kick off with 100 validators and once the operation scales, it will bump this number up to 500. The staking token that will be used is called Light.
The Nova Module
Nova is designed with the help of Tendermint BFT Proof of Stake that will be compatible with the Ethereum network. Nova will aid developers to create smart contracts with the help of a user-friendly language that is required to scale IoT projects.
The Idem Module
Idem is going to act as the identification framework of the ecosystem, where all of the devices that are going on live to the Skynet platform will get a unique identification number or string. Every device connected is going accumulate a reputation score that will be attached to this ID to ensure the trustless nature of a blockchain platform further.
The Singularity Module
Is comprised of a specific set of smart contracts that will serve the machine learning and distributed computing needs of Skynet. To access these modules, IoT devices will go through the AI Marketplace where a settled exchange of value will take place.
These are just some of the advantages of developing on the Skynet platform; they also have a lot of exciting news for the coming year once the main net launches. Should you be interested in participating in this project at these early stages, you can purchase SON tokens out of the 150 billion issued.
Eth address: 0xb553b0480735e9587b9dfffda33a2f463eaa31a0