Hello and welcome to this blog post about GeoDB GEO 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 GeoDB GEO 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 GeoDB GEO.
I can ensue you that, you will be able to understand every bits and pieces related to GeoDB GEO after going through the GeoDB GEO 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.
GeoDB GEO White Paper
GeoDB GEO white paper will be going to provide you, all the information that is needed to get started with GeoDB GEO, including the inspiration for creating, the problem it is trying to solve and the solution proposed by GeoDB GEO.
ODIN is a decentralized system designed to build a data oracle network (DON) based on an open protocol for interaction between participants and a sustainable economy. In addition to organizing the data oracle network, ODIN involves building a decentralized peer-to-peer data sharing and trading ecosystem.
The use cases of ODIN are mainly focused on user generated data apps, Non-fungible tokens, Decentralized Finance applications and others. ODIN is a new system that combines the advantages of cryptography and decentralized technologies, as well as the simplicity of connecting data providers and the flexibility of developing contracts to receive and process data from them (to work with business requirements, which are to increase the scalability and reliability of circulating data).
By default, each accounting system is deterministic within its own boundaries. Simply put, the system can be guaranteed to trust only those events and information that are the product of the life of the system. However, when it comes to obtaining external data (confirmation of payments, external statistical information, etc.), we come to the need to use an additional entity – an oracle, which will be the provider of such information (a bridge between the accounting system and the outside world).
White Paper Link: GeoDB GEO White Paper
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