DREP White Paper

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Hello and welcome to this blog post about DREP White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the DREP white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the DREP (DREP).

I can ensue you that, you will be able to understand every bits and pieces related to DREP (DREP) after going through the DREP white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

DREP White Paper

DREP white paper will be going to provide you, all the information that is needed to get started with DREP (DREP), including the inspiration for creating, the problem it is trying to solve and the solution proposed by DREP (DREP).

Abstract

“ If the reason behind the commercialization of the Internet is due to an increase in information connectivity, it can thus be foreseen that Blockchain Technology has the potential to surpass both the Internet and Internet of Things as it possesses the ability to connect the “dots” – linking up isolated islands of information via data cooperation systems.

DREP is committed towards building “connectors” and “toolkits” on blockchain technology, providing solutions that promotes the ease of use, flexibility and frictionless integration.

Currently, blockchain adoption suffers from a state of segregation with data silos being huge sources of inefficiencies. Furthermore, it has been observed that both the public and industry chains had established a closed-loop ecosystem to maximize competitive advantages.

As a result, in order to increase users outreach, multiple versions of DApps (Decentralized Applications) have to be developed for different public chains, thereby further increasing data fragmentation and users segregation.

In order to resolve this pain point, DREP’s proposes the use of Decentralized ID (DID), cross-chain technologies and DREP’s Software Development Kit (SDK) to form the basis of a “connector”, providing easier DApps deployment on multiple public chains with a simplified process while promoting cross-chain data integration and data sharing privacy protection with the use of homomorphic encryption.

As blockchain technology advances from whitepaper research papers towards real world applications and mass adoption, enterprises often lack the technical know-how to fully capitalize on the potential of blockchain technology. During this phase, regardless of whether it is an infrastructure layer or application layer, in order to swiftly penetrate the market and resolve pain points of data fragmentation, a highly productized solution is required.

In this aspect, DREP’s unique competitive advantage lies in the ability to develop a flexible and easy-to-use “toolkits” that utilizes a customizable, two-tiered public chain architecture with advanced APIs and Plug-ins support while catering to a number of vertical markets via the DREP SDK. In summary, DREP’s vision for the blockchain industry is:

  • to allow commercialisation of Blockchain with high concurrency.
  • to deliver a personalised and seamless user experience for both businesses and consumers along with flexible development.
  • to achieve commercialization of Blockchain technology for DApp and enterprise clients, while seeking to eliminate data fragmentation by promoting high levels of connectivity between data silos.”

White Paper Link: DREP White Paper

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