The Internet of Things + blockchain can theoretically solve pain points such as data confirmation and privacy, but this will also cause a problem, that is, how to classify the massive data generated and make the massive data generate value.
The Internet of Things public chain that Odaily has come into contact with recentlyOCE Chain(OCE Oracle Chain), uses AI to classify the massive data generated by IoT devices, and uses sub-chains in the form of data transactions in different business scenarios, and automatically adapts consensus and contracts for data through AI, thereby solving massive Pain points of data classification and data value mining. At the same time, OCE oracle chain aggregates equipment vendors, equipment users (data producers), and data users (such as commercial companies) on the public chain through the token economy, realizing a closed loop from data generation to transaction.
So, what is the whole process from data generation to transaction on the OCE oracle chain that integrates the Internet of Things and AI?
First of all, the data generated by IoT device users who have signed a data usage agreement will be distributed and stored in the storage network. The storage network here is the idle storage space shared by users with smart devices (such as mobile phones). Then OCE uploads the hash value of the original data to the storage sub-chain, allowing AI (and third-party AI technology) to index the data through the hash value, and perform operations such as cleaning and de-privacy of the data.
There is a matching platform on the OCE oracle chain, and both parties to the data transaction can post their prices on the platform. If a commercial company wants to purchase data, it can post the quantity, type, and price of the data it needs on the platform, and AI will automatically package qualified user data according to its requirements.
Before the data is formally traded, AI will select different sub-chains for the corresponding data according to different business types, and each consensus corresponds to a certain sub-chain or a certain type of sub-chain. CTO Jin Xiaoyong said that some sub-chains already have fixed consensus algorithm matching (matching from five dimensions of throughput, real-time, security, degree of decentralization, and computing power requirements). Jin Xiaoyong gave a simple example. For example, medical institutions want to purchase health data. This type of business is characterized by large volume, non-real-time, low frequency, and strong privacy. Therefore, AI will match it with an appropriate consensus mechanism (such as POW).
In terms of smart contracts, AI is not only used for contract generation, but also for semantic analysis of contract content, so as to make personalized recommendations for smart contracts for novice users.
When the data is formally traded, the commercial company sends the token to the other party through the root chain, and the user sends the data to the commercial company through the sub-chain. CEO Zuo Yang said that the two-layer link structure of root chain + sub-chain can not only solve the problem of paying tokens through smart contracts on the blockchain, but not necessarily get the corresponding virtual assets, but also improve TPS, to avoid network congestion.
In terms of token economy, the token economy built by OCE is somewhat similar to the currency listing plan of the exchange, the difference is that,The circulation of IoT devices can also be realized on the OCE oracle chain. That is, IoT equipment manufacturers need to pledge the platform token OCE to apply for equipment on-chain, and users need to vote. After the equipment manufacturer successfully applies for on-chain, it will send the equipment to the user, and the equipment that the user gets is the mining machine.
That is to say, from the point of view of some IoT equipment manufacturers, instead of struggling in the Internet industry where the living space is getting smaller and smaller, it is better to get on the car of the token economy and directly connect with consumers on the OCE oracle chain; From the perspective of investors, they can enjoy the ownership of their own data, and they can get tokens by trading data, and the purchased IoT devices can also help them mine.
The main advantage of OCE is that the team has accumulated many years of experience in the mobile communication and Internet of Things industries.Zuo Yang himself has 20 years of experience in the mobile communications and Internet of Things industries. As for the main members of the team, according to Zuo Yang, they have many years of experience in the fields of IoT, chip research and development, and smart hardware, and Qualcomm is its global strategic partner and has delivered hundreds of smart terminals.
The industry resources and knowledge accumulated by the team in the Internet of Things industry before are directly reflected in the implementation of the OCE Oracle project. According to reports, so far, OCE has signed strategic cooperation agreements with 20 hardware equipment manufacturers, including Yekani, South Africas largest communication equipment company, Xiaomi ecological chain company, and Alarm, the largest smart security company in the United States. In addition, OCE Oracle Chain cooperates with Oracle Technology Company in Shenzhen to releaseOracle Blockchain Security Engine Mobile, dual OS system (smartphone OS+blockchain OS), users can use the blockchain mobile phone to link IoT devices that have been chained, and use the mobile phone to vote.
Regarding the future development plan, CEO Zuo Yang said that OCE Oracle Chain will become a data value production and trading platform, and become the blockchain version of Amazon.
Im Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.
Im Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.
