Here s Why Big Gegevens Is Going to Love Blockchain Technology

Here s Why Big Data Is Going to Love Blockchain Technology

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The use case screenplays for blockchain technology seem to be never-ending.

From Ethereum platforms like Shipchain looking to fundamentally disrupt the way the world tracks shipping and logistics information, to people collecting new-age Neopets ter the form of collectable CryptoKitties, the beginning of the blockchain revolution has just begun. Every industry on the planet is now questioning whether or not the blockchain will be its greatest asset or fattest threat–and companies are quickly moving into the space, fueled by a fear of missing the “next big thing.”

One of those industries, specifically, is web analytics and big gegevens.

The rise of big gegevens has introduced a slew of issues for both big businesses and everyday consumers. Major companies–from healthcare to entertainment to advertising, marketing, and beyond–have become more and more aware of every digital nuance: the way their webstek functions, how swift consumers can blast their products, and even how exposed they are to a hack or gegevens breach. And spil seen with the Sony hack, those kinds of events can be catastrophic.

Where the intersection of the blockchain and big gegevens has the most potential is ter the quality of the gegevens being captured. According to VentureBeat, “If there is a ‘sweet spot’ for blockchain, it will likely be the capability to turn insights and questions into assets. Blockchains will give you greater confidence te the integrity of the gegevens you see. Immutable entries, consensus-driven timestamping, audit trails, and certainty about the origin of gegevens (e.g. a sensor or a kiosk) are all areas where you will see improvement spil blockchain technology becomes more mainstream.”

What this means is the gegevens being captured by big businesses will become far more valuable–since it’s being captured and validated on the blockchain.

One of the ways wij are observing this shift mededeling ter the blockchain space is with a verhoging called Path.

Spil more and more people start to adopt blockchain technologies, and companies see the immense value te tapping into that ecosystem, Path is striving to marry the two by permitting users to “rent” their toegevoegd bandwidth. Te brief, a company may want deeper insights into how their webstek performs around the world, or how long it takes for their application to stream, how cluttered their network gets at certain hours of the day, etc. Path users install what are called “Path Mining Knots” onto their computers, which passively work ter the background–earning tokens for providing thesis kinds of working insights back to Path and the clients they service.

This is just one of many blockchain platforms looking to capitalize on the massive need for companies to improve the gegevens sets they analyze and leverage for their products and services. Spil mentioned above, the real value of gegevens on the blockchain is the quality of gegevens and how it is stored on the public ledger. Platforms like Path, then, become the new-age middlemen inbetween companies and the users they want to better reach.

What’s interesting about the blockchain revolution is the momentum behind passive programs that make use of unused power, memory, etc., for the improvement of another sort of service. It’s the Two.0 version of the sharing economy–very similar to how Uber made use of people’s cars without needing to “own” any of the assets themselves. Web analytics is just one example. Another is Golem, referred to spil “a decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines–from PCs to entire gegevens centers.” Ter the case of Golem, you have a collective economy of computing power, making the collective much stronger than the sum of its parts.

With more and more of thesis passive blockchain platforms looking to operate ter the background, the amount of quality big gegevens and subsequent analytics are going to drastically influence the way companies do business all around the world.

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