Platform Wise relies on the advantages of the blockchain technology system to strengthen its network. Blockchain is known as a distributed and changeable cash book technology that is used to conduct transactions through data in a distributed and decentralized manner. By creating a system called analog-mixed-signal and system-on-a-chip (AMS-SoC), this system can be embedded in any type of device, using proof of ownership to provide consensus for cash books distributed on private blockchain networks with public blockchain as a double layer to create a large market for the distribution of WSE utility tokens. Wise network aims to overcome the main problems that occur in IoT (Internet of Things) so that devices can connect with other devices easily and through intelligent systems. This connection between devices allows users to share data through reliable system operations.
At the beginning of the emergence of blockchain technology, this has become a serious concern for many people, especially information technology developers. This is partly due to the reason that this system is a system with a high level of security, decentralization, immutability, high program capabilities, and other security that can benefit IoT devices. In the blockchain system, networks running inside can tolerate errors and hold up to 1/3 node failures. In the Byzantine fault tolerance model, components are left to fail in the system if their conditions are damaged, the connection is lost, or if the output is dangerous. Error tolerance systems can work better in the real world, where nodes in the system can adjust processes in unexpected ways. Therefore, the level of network security needed can be achieved by tolerating Byzantine errors, such as fighting attacks from MITM and DDoS.
This platform is programmable, where on the blockchain a smart contract system is used or a smart contract that allows users to access various things independently only through their devices. This also allows users to make exchange transactions between devices even if they do not meet face to face with other parties. Transaction verification is done through codes and other nodes. This program can be easily applied in any IoT device. The process that occurs is static and allows changes in interaction between devices.
Another advantage of the blockchain system that is already familiar is the high level of data accuracy. Every transaction data that takes place through an IoT device will be stored in a decentralized cash book, which we know as a blockchain. These data are permanent where they cannot be changed or manipulated. Kapaan and where the transaction takes place, how many digital assets are transferred, and various other transaction data are stored securely and are only listed as the transaction process took place. This system also provides good transparency to its users to access transaction data on the blockchain network. A person cannot damage the data that has been stored in the block, but he is allowed to access the application, such as authentication, time stamp, audit trail, and identity management. Through this method, the Wise platform seeks to support user transaction processes safely with reliable data.
Blockchain system implemented by Wise allows no party to control because everything is decentralized. No special party is involved in each process. Everything that happens only relies on technology network performance. This process mostly takes place with a minimum failure rate. However, each data is centralized at one point. The blockchain system works without involving human contributions in full to interconnect various devices and can transact with each other. That way, this system has helped reduce excessive costs that are generally issued by users as operating costs to third parties who help process transactions. This is what makes the blockchain a thrifty system through reducing transaction costs and facilitating small transactions at no cost. Decentralization can overcome privacy issues and data issues that are fully controlled by companies that monopolize the market. Wise creates a transaction scope that is open to anyone through IoT devices and can freely connect and interact directly with other users.
Blockchain technology dominates the Wise network system through useful applications. Wise reduces the workload of a blockchain so that it can optimize the process performance and reduce excessive memory consumption. By using digital currency, users can pay data and algorithms instantly. Secure interaction between devices can enhance the reputation of this platform in the eyes of the wider community.
For more information about WISE check the links below
Website => https://wise.cr/
Whitepaper => https://wise.cr/docs/Wise-Network-Whitepaper.pdf
ANN Thread => https://bitcointalk.org/index.php?topic=5101714
Telegram => https://t.me/wisecr
Twitter => https://twitter.com/network_wise
Linkedln => https://twitter.com/network_wise
Bitcointalk User Profile => https://bitcointalk.org/index.php?action=profile;u=2150357