Blockchain
Hyperion Launches Titan Map Store, A Decentralized Map Data Layer Service
In mid of July, Hyperion, as the largest map blockchain, officially announced to launch Titan Map Store — a decentralized map data layer service. Via the map store, users can access various open-source map layers for a more convenient and personalized routine planning. For example, when someone needs to check nearby U.S. Embassy or Consulate location, they can view the location details through the Embassy and Consulate map layer. In the meantime, map store circulates the value generated by Hyperion decentralized MapChain to sustain the decentralized map community.
Only “Extremely open and decentralized” will win the public blockchain competition
In traditional Internet, applications built on top of HTTP open-source protocols obtain a significant estimates of market value, such as tech-giants FAANG. These centralized platforms rely on asymmetric information to monopolize data through an economy of scale. For instance, Google Map transfers the expensive data collection cost to users, and charges a high data request fee for its map services.
By contrast, blockchain is a long-tail network, which means every node built based on it can get benefit. Hyperion team decided to build a Peer-2-Peer network based on Location-based-service (LBS), whereby data can be generated from mobile devices, and distributed/shared within the network built based on open-source and encrypted technology. This way, the service fee charged to business users will be rewarded to each participant of the decentralized network.
Hyperion MapChain natively integrates the innovative Spatial Consensus Protocol (SCP) to reach consensus of static location data (map) and dynamic location data (localization) in a secure and verifiable manner. With Hyperion’s decentralized architecture, maps will be 1000x better for smarter cities, geospatial services, automotive and more. In future, decentralized Uber, DiDi, Airbnb will run on Hyperion MapChain by requesting the smart contracts built on chain.
The story of the blockchain operating system will end in 2021
Kai Law compared the current blockchain developmental stage to the infancy period of the Internet back in 1995, when Internet and blockchain operating systems already existed. He said: “the current blockchain world still lack a killer app to stimulate the prevalent application of blockchain technology throughout the world, just as NetEase and Yahoo.” Kai Law believes that the story of Proof-of-stake (POS), Proof-of-work (POW) and blockchain operating system will come to an end when Ethereum upgrade completes. With open-source feature, the technology value of cross-chain and sharding will be derived by the public blockchain. This is the reason why Hyperion chose to build an application-focused public blockchain.
Technology evolution will result in two consequences. First is to maximize the production efficiency, and second is to minimize the production cost. Further data transfer efficiency will be achieved when more decentralized nodes join Hyperion MapChain. In the meantime, Hyperion will adopt machine learning to load map layers, and use map AI to further lower the data distribution costs.
According to Coase Theorem, complete competitive markets with sufficiently low transactions costs will achieve an efficient allocation of resources, regardless of how property rights are divided. Since centralized platform occupied key resources and marginalized users with little benefits, the trend towards decentralized blockchain is unavoidable.
Kai Law further explained: “apart from applications, another key determinant for the public blockchain is its protocol. Many public blockchains ignored the importance of protocols by focusing only on applications and they created ‘fake‘demands. The most important thing is, to enter the blockchain world requires a new way of thinking. After all, the application-focused public blockchain will change our life in the next decade.“
SOURCE Hyperion
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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