Creates Smart Contract Market Platform for Commercial Use

The blockchain is taking charge of the future quicker than expected.

Developments in blockchain applications are redefining how value is delivered in the digital world, encompassing finance, trade, credit, digital assets, and new business and economic models. The Scry open-source protocol layer will enable a diverse system of cooperation across industries and borders by reimagining how organizations are constructed in a digital-first way. The Scry open-source protocol creates a new smart contract market platform where any quantifiable digital data can be transacted through smart contracts.

Swarm intelligence authentication, created by Scry open-source smart contract platform, is a new blockchain contract-based computing power that breaks the limitations of how data is traditionally analyzed, such as predefined parameters, preestablished data connections and preconceived – possibly false – assumptions about data relationships. At the blockchain application level, Scry boasts a protocol layer that can easily incorporate existing internet data into Scry blockchain applications. Most importantly, Scry classified computing has the ability to learn in real time. It can read all types of structured and unstructured data and even natural language in order to improve data analysis methods and gain deeper insights and then use these findings to optimize transactions.

Swarm intelligence authentication is defined as an authentication mechanism that accumulates consensus nodes from data across various industries to produce targeted insights. The gleaned data are then injected into a blockchain smart contract. Swarm intelligence authentication is also a protocol layer that connects social swarm intelligence with creditworthy digital assets in a multi-faceted manner.

In financial markets, the currency we know is a type of universally agreed upon value, the form of which is negotiated by the trading parties through consensuses. From this standpoint, trading is a belief in value and experience. When a data source is injected into the blockchain, the data is assigned a unique and true value in the Scry protocol through the node certification consensus of miners. However, suppose one is in possession of all the assets and information. He or she is simultaneously both the richest and poorest. A single person cannot create value and trade with oneself. Value only comes from bilateral contracts. We believe the future will be an age of blockchain-based credit data development.

Over the last half century, advances in multiple scientific disciplines makes it possible to calculate the cognitive classification of data. Blockchain applications will further enhance the importance of unique data. Data assets protected by a consensus exist in data and transactions authenticated by smart contract nodes, while the signature cognition system is the probability mechanism of the entire node. A data contract with credit or probability attributes is a quasi-cognitive system in that it not only answers many questions, but also provides hypotheses, reasoning and recommendations for more complicated and significant industry data. Stemming from data classification, the blockchain contract will bring about a more convenient, reliable, efficient and liquid market.

Scry swarm intelligence authentication system can also inject, verify and write what scientists call “unstructured data”, which accounts for upwards of 80% of the world’s data. This allows the Scry system to sync with the word’s large, complex data sets.

The Scry protocol core development team has been working for three years to develop commercial applications for blockchain technologies. We have learned that the skills and knowledge within a single organization is far from adequate. Open-source and shared consensus are necessary to grow and are the true core values of a blockchain society.

We invite data vendors from different industries to incorporate data into the protocol layer. Scry supports developers to sort data contracts into different categories and accumulate data discrimination parameters from the many blockchain nodes involved in authentication. Scry mechanism not only provides answers, but also provides accurate data to support and execute blockchain contracts automatically. Individual users complement each other because the data analysis and source can be traced back. The blockchain, meanwhile, can extract information from many data authentication nodes to effectively complete aggregation instantaneously. Were it not for the node authentication procedure in the Scry aggregation process, the same tasks could take a lifetime. Scry protocol supplements and improves data decision for individuals and corporations. It reminds us of the close association between expectation and probability of correct decisions.

Lombard Street: A Description of the Money Market, written more than a century ago, defined credit as a spontaneously growing power which couldn’t be artificially created. When data flows becomes part of an authenticable blockchain contract, we will be able to create a similar flowing market out of the blockchain nodes into an internet of value.

Inspired by these shared concepts, Scry uses an open-source protocol tool for data value delivery for all to participate. We wish Scry to stride into an all-new blockchain application data market and apply smart contracts to all aspects of society.

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