The list of problems blighting the real time data processing and transfer industry is becoming a long one as each day goes by and this is as a result of a general rise in technological advancement, standard of living and service user awareness.
For instance, the need for live message like facebook chats, whatsapp, video calls, video streaming have multiplied by exponential levels compared to a few years back and the numbers just keep increasing, this development has left a steady increase in the number of problems for both users, firms/companies and the real time data service providers.Some of these problems include.
***Increasing network through put and costs. This implies to infrastructure that supports realtime networking, with increasing demand, the capacities of the current infrastructure will be exceeded which will require new infrastructure which results ultimately into increased costs.
- Networking development and maintenance costs to keep real time data transfer and processing working and maintained. A work force is needed which includes skilled labour which results in costs.
- Centralization of API services:- Owners that provide real time data and processing services usually incur increased cost of service provision with increased number of users which could lead to sudden change in company dynamics without prior notice to customers or it could even pack up if the owner so wishes which could also be devastating to costmers businesses.
- Privacy and security challenges:-
People generally aren't comfortable not knowing when their data is either stored, transmitted or deleted from severs and with the issue surrounding government surveillance and hackers, privacy is really of great concern in this sector.
- Trust in the communication between parties:-
There isn't trust between parties doing transactions together as one cannot query whether people are who they really claim to be and with these problems a platform is here to make them a thing of the past.
Introducing Vanta; a network which allows for firms and individuals to develop services that effectively transmits and process real time data, it aims to provide a decentralized and protected platform on the blockchain that will allow for real time networking and communications which can be commercialized at low costs without any worry of further development of any infrastructure.
The solutions Vanta offers for the above mentioned problems include:-
- Creating a decentralized network that is not owned or controlled by any party which will provide round the clock APIs for companies without fear of change in service provider, company dynamics and policies.
- Integrating common computers and mobile devices around the world to contribute to real time networking which helps to curb the need for establishing new infrastructure.
- Using blockchain transparency to confirm and track the process of data transmission, storage and deletion.
- Provision of a decentralized network which helps to curb the scourge of hackers getting access to data and creating an avenue where trust will be gained between communicating parties as evaluation of people and devices people use in communication will be able to be queried.
The platform will run on the VNT tokens which will be the official cryptocurrency with which all transactions on the platform will be performed with.
The future of real time data transfer and processing is with the Vanta platform, you should be a part of it. For more information on the Vanta platform and the VNT tokens visit ,
Vanta platform website
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By amedkarim
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