Idrix Posted February 11, 2019 Report Share Posted February 11, 2019 Hello everyone This is a project review about VANTA NETWORK. VANTA network is a multi-functional decentralized network that emerges to provide enterprises, devices and humanity with real-time data transmission, processing and storage functions by using the best available cutting edge technologies. It is a new generation of network which is geared at strengthening the scalability, reliability, efficiency, and privacy of real-time networking by creating a competitive system based on resources such as computing power, network bandwidth, memory, and reliability. VANTA NETWORK is providing a cutting-edge solution to the world’s connectivity by combining various innovative technologies among which are the blockchain technology, the internet of things (IoT), communication and streaming technology. Aside the fact that these technologies are world’s innovative advancements, they are also a fast growing, lucrative industries. The blockchain technology has the potential to revolutionize every sphere in our life. Digital currencies were the first ever application of blockchain technology, arguably without realizing its true potential. The real benefits of blockchain were realized with its possible application in many different industries. Since then a number of use cases of blockchain technology in different industries have been proposed These various industries include but not limited to finance, the Internet of Things, digital rights management, government, ecology, transport, and law. Blockchain Compared with traditional database technologies and centralized systems, blockchain implementations can be relatively cheap and require considerably less IT investment to maintain. The crypto market was worth more than $300B market cap in Dec 2017. Internet of Things (IoT) on the other hand is one of the fast growing technologies in recent times with its enormous advantages of bringing about smart connections. It is a network of various interconnected electronic devices such as traffic system, smart phones, laptops and sensors with interact and exchange data with each other. IOT make it possible to manage all the interconnected devices easily from anywhere. A common example is using your smart phone or remote to turn on/off your AC or TV at home from your office or any other location or where wardrobe can suggest for you the cloth to wear. All these are the potentials of the IOT. It also has a net worth value of $170.57 billion in 2017 and estimated to reach about $561.04 billion by 2022. VANTA NETWORK emerges because the current network that provides connectivity has shown a limitation on how these various devices connects to each other, the insufficiency in exchanging data between them and the long time taken during the processes is as a result of the current models which involves traditional central intermediary APIs such as IoT gateways and filters. VANTA NETWORK will put an end to this by creating a pioneer model of real-time networking where users can dynamically develop data authorization mechanisms and interaction between the connected devices. The integration of blockchain technology will bring about the Changing roles that will attract many more participants, reshape market by increasing the efficiency of the industry and create will entirely new business models. VANTA is targeting a significant market and is aiming to become a widely used decentralized messaging and data transfer platform that provides viably alternatives for both everyday users and commercial entities. The team faces competition from high profile companies already in operation such as Google, Slack, and Twilio, however they plan to develop APIs that allow VANTA to integrate with these platforms in addition to products such as Stripe, IBM Watson, Cloudinary, and Amazon Web Services. The use of APIs will allow VANTA to get a foothold in the market as it does not need to compete directly against more established industry heavyweights and can instead work to leverage their already existing user bases. The team also looks set to make the most of strategic partnerships with leading companies such as Voiceloco, Sejong Telecom, Oracle, and Microsoft to help develop their standing in the world of commerce and the blockchain economy. The vanta team have also partnered with Voiceloco, Inc. a Korean-based Telecommunications Company that specializes in software-based IMS and client m-VoIP engines, namely iOS, Android, and web. In addition, Sejong Telecom Co., Ltd is a leading telecommunications carrier in South Korea with a nationwide optical communication network, and they plan to offer a new blockchain business with VANTA. Furthermore, partnerships with Oracle and Microsoft will allow their cloud marketplaces to provide the VANTA API and SDK to attract existing enterprise customers. VANTA NETWORK ROADMAP VANTA NETWORK TEAM MEMBERS It is known that the success of any project depends on the team behind it, the VANTA NETWORK team is made up of professionals with vast experience in fintech, IT development, marketing and communication, software development, and business development who has proven themselves to be transparent and take the success of the project as their major priorities. CONTACT VANTA NETWORK : Website: https://vanta.network/ Whitepaper: https://vanta.network/doc/VANTA_White_Paper.pdf Facebook: https://www.facebook.com/vantanetwork/ Twitter: https://twitter.com/vantanetwork Telegram: https://t.me/vantanetwork ABOUT THE WRITER username : Onimise Link : https://bitcointalk.org/index.php?action=profile;u=2457810 Link to comment Share on other sites More sharing options...
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