MATRYX: The Collaborative Research & Development Engine
https://matryx.ai
Matryx is a blockchain-based decentralized collaboration platform developed by Nanome Inc. The platform is designed to empower and develop an incentivized innovation through collaborative competition. It constitutes of a library of e-assets, a bounty system and a marketplace. Matryx’s blockchain-based bounty system bestows impetus for collaborative problem solving.
Matryx furnishes a plan that aims to deplete the friction of rewarding collaborators. Matryx marks the origin and development of assets, sanctions collaboration, and distributes rewards amongst all participants. It does not give or attribute all the credit to a single participant or a single group who offers a panacea that is built on other people’s work. In totality, Matryx appreciates and rewards each unit of development towards the mission. Isolated research and soiled collaboration are not acceptable by MATRYX. It favors open collaborations which are in the quest of a shared and incentivized reward.
Matryx is developed using a smart contract system and a reinforcing framework of age-old applications. The smart contract system is preferred because it provides a public ledger of diverse projects and their associated payments, called as, “Bounties” and proposed solutions, called as “Submissions”. This system of Bounties and Submissions is the backbone of the Matryx Platform. When the user aims to give an asset for consideration in an open Bounty tournament, the asset is signed and hashed, and made available to the public. Then the user submits the asset’s metadata to the smart contract system, where it is verified, indexed and submitted permanently. At the end of a tournament, authors of Submissions that contributed to the solution are rewarded. Bounties are descriptions of works for which the bounty-creator is willing to pay. Bounty requirements are posted publicly and indexed in the smart contract system. The bounty-creator determines a reward which is locked in the smart contract system for the duration of the Bounty as a show of good faith. Once the Bounty is public, users begin creating submissions in an open multi-round contest (a “Tournament”)
The Matryx platform provides open access to both completed and active collaborations. When an agent uploads their contribution to the platform, it passes that information to the data storage module and registers that contributions metadata to a blockchain.
How Matryx Uses the Blockchain?
Matryx gives users the power and authority to validate every participant's contribution to a solution. After the verification is done, each participant is rewarded with MTX tokens. The tokens enable the participants to leverage smart contracts, to keep their profile up-to-date over time, and to modify and renovate the platform according to the varying needs of the participants/users.
Applications/ Uses of MATRYX
Matryx is a designed for decentralized collaboration. Matryx constitutes of a library of digital assets, bounty system and a marketplace. The participants post their problems, along with a bounty for a verified solution. Some applications or fields where MATRYX is being used are enlisted below:
1.Mathematics
The Calcflow software is used for dealing with the problems related to the area of mathematics. It is used because it has properties like tools such as a vector field grapher and a 3D parametric graphing utility. Presently, many globally leading universities are using the vector field grapher.
2.Curation of 3D Assets
The Matryx platform is aptly designed for 3D modeling, collaboration and creation. Many users can use the same workspace in the same tenure of time, this enhances the collaboration. Also, this eliminates the problems related to geographical location. The Calcflow workspace can be accessed even with limited connection or slow internet speeds.
3.Bioengineering
Matrix provides with the features which enable the participants to work and collaborate in a 3D environment. Present virtual reality applications allow users to work in real time.
Matryx platform has the potential to help solve the world’s biggest–and smallest–problems by building a community of innovators, contributors, and enthusiasts Blockchain Based platform with Virtual Reality based Research. Platform has a bright future and will completely change the way the industry will work by providing a plethora of facilities and solutions, Future implementation of MATRYX involves creating a voting system to decide individual's contribution be rewarded accordingly
Matryx has developed a common area for collaborators to exchange and share contributions and leave a digital fingerprint that verifiably proves their involvement. It helps individuals or organizations to define their reward mechanisms for digital works, create their own licensing terms, and prove authenticity and ownership of works via a public ledger. Rewards will be distributed by contribution, which incentivizes broad collaborative creation and research. This incredible range of facilities provided by MATRYX has changed the complete way the industry works. The platform ensures a bright future.
For more information visit:
https://matryx.ai
Written By: Karanj
