Today I chose to surprise you with what I am currently researching on/ interested in – blockchain tech, YES! Blockchain technology which some of you may be wondering why, (others don’t even know what that is) which I do have time to explain?
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
Don & Alex Tapscott, authors Blockchain Revolution (2016) defined what blockchain is;
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.
Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, I hope you enjoy this, what I have gathered on Skrumble Network looking to address fragmentation in communication services through blockchain tech.
What communication services do you use on a daily basis? Discord? Slack? GoToMeeting? Most of us are using a combination of these nearly daily and quite frankly, it can be a bit confusing when you’re trying to figure out where to reach someone. The problem is that all of these services do certain aspects better than others (if at all) and it ends with fragmentation when trying to connect with people all over the world.
The Skrumble Network is hoping to alleviate those woes with a service that will include almost everything a user could need for communicating. Users will be able to chat, make voice and video calls, set up conferencing and file transfers, and even send secured payments through the platform. Usage examples for the platform include things like freelance marketplaces and virtual showrooms where users can host shows and talks for viewers. This becomes particularly interesting when users can exchange currencies directly in these shows.
All of this comes with high levels of security and protection through blockchain technology and decentralized servers. While there is nothing necessarily wrong with centralized servers, they simply are more prone to issues with data security – and when you’re sending and receiving potentially sensitive data, any additional guarantee that your data and information is secure is always welcome.
In addition to these decentralized servers, Skrumble will use a unique system to provide encrypted keys for file transfers. The algorithm that provides the keys will use randomized key data and session identification to make sure that only people who participated in the conversation have access to the files. This is yet another feature that prioritizes users’ privacy and security. In addition, users are encouraged to use screen names that are not necessarily inline with their real life personas – all in an effort to keep their information secure and make pinpointing particular people more difficult.
There will be a token associated with the service, the SKM utility token. These will be used to offer certain levels of membership for users and premium features. One example presented would be if a user wants to transfer a file that exceeds the set limit for their account. Through the use of the SKM token, the user would be able to basically “bump up” their service to allow the file transfer to go through. There are also plans to reward users with these tokens through a reward systems, and while there have been no official examples, one could expect that high levels of usage might reward them with some a small amount of tokens that could be used for the premium features.
