The Clarity Project - save data with blockchain
ABOUT clarity
hi dears,today i want introduce to you about a great project is called a clarity project.io
The
past few months have seen unprecedented growth in interest to
Cryptocurrencies. Naturally, then, more and more industry experts are
taking note of Blockchain and the benefits that they have to offer. Big
Data is one of the fastest growing sectors in the world as every
business wants to get insights into usage patterns of their consumers.
Big Data refers to massive datasets that are analyzed to reveal
underlying patterns using advanced statistical models and data mining.
Here’s a look at how these two giant industries can benefit from each
other.
Several large
organizations like Facebook, Amazon, and Google have a vast amount of
data around the world that they need to store. These datasets can reach
the Petabytes range, but with such huge data sets come their own set of
problems. Companies have to make sure that the latest version is
synchronized among all of the data centers in real time and that the
data is authentic. Companies also have to plan for malicious actors who
have access to data centers along with adverse natural calamities.
Blockchain can come in handy here as at their core, and Blockchains are
just databases with three essential properties: Decentralization,
Immutability, and Integrity.
Decentralization
Decentralizing the
data storage and management helps increase security by
compartmentalizing the flow of control. In a scenario where a rogue data
center employee tries to destroy or modify data, decentralization
ensures that there are copies of data that have not been compromised.
For an organized attack on the database, the attacker would need to
control a majority of the network which is quite challenging to acquire.
Decentralization also ensures that the governance of such a model is
democratic. This is done taking votes from all the parties involved that
wish to use the model to ensure fairness.
Data Immutability and Integrity
Immutability of data
is of utmost importance to the corporations which are concerned with Big
Data. If the data set that needs to be scrutinized is modified in any
way, the resulting analysis is bound to be of little value. Corporations
would naturally like to avoid such a scenario to save money.
Blockchains can efficiently ensure as Blockchain provide a seamless way
to conduct data integrity and audit trails. The two most significant
problems that companies are dealing with large datasets are:
1) Ensuring that data has not been modified.
2) Ensuring that data comes from an authentic source.
Factom, one of the
most interesting Blockchain Startups, is working to solve precisely that
particular problem. Factom is leveraging the power of the Bitcoin
Blockchain to ensure the immutability and authenticity of data. The
Factom system works by segmenting the data services into smaller
fragments and using their network to provide security at every step.
Every time that data needs to be secured, Factom creates a transaction
with the hash of the data in JSON document. That document is then
cryptographically signed with the company’s private key to ensure
ownership. This transaction is then written in the Blockchain of choice
like Bitcoin or Ethereum to ensure that data remains just as secure as
the Bitcoin’s Blockchain. This system also makes it trivial to check for
inconsistencies in the future as it only requires comparing hashes of
the two datasets.
1) Monetization
Another point of
contention of enormous data sets is the issue of rights or ownership.
Blockchains makes it easy to ascribe ownership to data, thereby
facilitating the transfer of rights and royalties based on fair use.
This would enable a universal data marketplace that has never been seen
before. People would be able to get compensated more fairly than right
now, and corporations would get access to more data points this way.
2) Security
The most prominent
advantage of using Blockchain Technology for organizations like
Healthcare providers to secure large data sets is that Blockchains are
hack proof. In 2015, Healthcare providers along with prominent insurers
lost an estimated 100 million patient records due to several data
breaches. If the data were encrypted, time-stamped and appended to a
Blockchain like Factom instead, there would not be any unauthorized
access. Physicians would be able to get instant access, and patients
would get a lot more control over how their sensitive information is
used.
As an entrepreneur, I have learned the importance of having a complete
customer and market understanding through analyzing and management of
the data that gives me a complete view of customer engagement and
requirements. With this data I'm able to make smart decisions that are
strategic towards the success of my business endeavors.
Most of the times I make smart decisions made possible through the
analysis of the data collected during the business planning phase, my
data research normally comprises of customer practical contact with my
business and how I can be able to retain them as repeating customers.
The importance of Data management has been a key focus in today's
business strategies and in this video below you will get insights of how
effective data management can help businesses grow:
Data management has been a key element in business growth and has helped
me as an Entrepreneur make internal and external management decisions
that have improved my small business. I have used traditional methods of
data management such as using spreadsheets and my small record book.
Technology has really changed how data is managed by business and I
would not like to be left behind, I'm currently studying how technology
is helping small businesses such as mine to embrace technology and use
data management tools towards improving quality in their decision
making.
Most business are using artificial intelligence to process data,
unfortunately this is centralized way of data processing and management
and with the introduction of blockchain technology there is an
opportunity to decentralize data processing and management that will
improve the quality of data businesses use to make decisions in
improving their customer relationships and business management.
I have come across Clarity, a start-up that will help small businesses
owners like me access modern data management tools that will allow us
process and manage our data in an effective and efficient way the same
way large businesses with a lot of resources to budget in data
management. Business have become competitive especially in this digital
era where business that are quick to adopt technology are able to grow
and have a competitive advantage, Clarity start-up is here for us and
this are some of the services its offering to help small businesses
embrace modern technology in their data management.
CLARITY PROJECT SERVICES
The clarity project is building a data management platform through
blockchain technology that will help us have an all-inclusive modern
data management tools that is artificially intelligent ready allowing us
validate business data through a decentralized network, store this data
for review later and analyze data through their innovative dashboard
picture below. This will help small businesses and institutions minimize
costs of setting up their own data management platforms and allow small
businesses access this tool and move from traditional forms of data
management. This project is a noble idea that is helping the community
through improving of businesses that are the key economic drivers.
The Clarity project will help small businesses process raw data
improving their decision-making strategies and improving their
businesses productivity, processes and management. Processing data
through traditional methods for small business is likely to contain
erros due to inefficient management tools and analytical capabilities
that can hinder small businesses process data effectively.
Unfortunately, this small business cannot afford to budget for data
management tools since most of their resources are allocated in funding
and businesses financing. The clarity project will be highly beneficial
to small businesses and the project will really help in improving their
productivity using modern data recording and analysis. Small business
spends a lot of time researching and this data is not used effectively
the clarity project will enrich this data for use in decision making.
Institutional investors will be able to handle large volume of data in
the platform in a decentralized environment, the Clarity project will
allow this institution to exchange data with each other through a shared
ecosystem, this will allow the institution have diversified accurate
data that will improve their data profiling and curation. The platform
will bring this institution together allowing centralized data to be
decentralized for more improvement in curation.
THE CLARITY PROJECT INTELLIGENCE DASHBOARD
The Clarity development team has been able to provide a data management
platform with an intuitive dashboard that has beautiful UI designs, that
allow real time data access, through visual charts and infographic
formats that are easily understandable even to non-experts.
The dashboard is comprehensive allowing data comparison across all
information, through artificial intelligence the data is processed and
presented in an easy eye view dashboard.
The Clarity project will allow businesses track their data processes in
real time and receive alerts in case of changes, this will improve the
data processing and curation for smart strategic decision making.
The clarity dashboard is simple to understand with a consolidated view
that shows the sales infographic, financial information such as revenue
projections, latest activities and time bound statistics and many more.
CONCLUSIONS
Businesses will find the Clarity project beneficial in their day to day
data management, allowing them to process data collected from various
sources towards improved decision making that is collected, maintained
and indexed in one platform.
Decentralizing this data management and processing will improve the
efficiency of data organizing and maintenance for businesses. Unlike
centralized environments businesses will be able to share important
data, improving optimization of the data database to reduce redundancy
and maintenance tasks
I believe data management is very important in business growth and
businesses should embrace modern data processing to improve their
decision making, processes and productivity.
The clarity project will allow both small and large intuitions analyze
valuable information such as market insights, customer requirements and
needs, customer loyalty and their spending behaviors, Financial
projections and statements. They will be able to record the information
for review of their history for comparison proposes.
As an entrepreneur, I believe the clarity project is beneficial to my
small businesses and te adoption probability of the project is likely to
be high since most businesses owners understand the importance of data
management and processing in their decision-making strategies. The
business has promised a lot and I will keep an eye on it – the team is
highly skilled in helping businesses grow and using blockchain
technology towards improved decentralized data management is key to
improving technological data analytics.
REFERENCES
Maybe just this, the reviews I made in terms of helping and telling
everyone to, participate in the ICO or Bounty campaign they run today.
If there is any shortage in this review information, please forgive me
for your inconvenience in reading or searching for Information, but do
not worry I have provided a link you can visit, to find out more about
the Clarity project, and surely you will get reliable Information from
the team as well as the Founder of the .... project.
All information in great detail you can find on the website of the
project Clarity There are also links to all social networks of the
project, through which you can receive in detail and in time news and
observe the process of development and establishment of the platform.
For More Information:
Website - https://clarityproject.io/
Whitepaper-https://www.clarityproject.io/wp-content/uploads/2018/07/whitepaper-v2.5- min.compressed.pdf
ANN thread - https://bitcointalk.org/index.php?topic=4479431
Twitter - https://twitter.com/theCLRTYproject
Facebook - https://www.facebook.com/theCLRTYproject/
Telegram - https://t.me/theCLRTYproject
rivaldo2020
BTT Profil link:
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