XRoad Initiative XRI White Paper

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Hello and welcome to this blog post about XRoad Initiative XRI 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 XRoad Initiative XRI 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 XRoad Initiative XRI.

I can ensue you that, you will be able to understand every bits and pieces related to XRoad Initiative XRI after going through the XRoad Initiative XRI 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.

XRoad Initiative XRI White Paper

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

Abstract

The need for maintaining individual data integrity and security is as important as ever in the 21st century. Even while more centralized infrastructure solutions for cloud storage present some advantages with respect to these ends, XRoad believes that blockchain technology presents a decentralized and more democratized alternative where data integrity and security are achieved with self-verifying and self-executing smart contracts.

Smart contracts, among other benefits, remove the need to rely on large enterprises, and position individual Internet users to maintain the digital cloud storage themselves, for the benefit of themselves and others. Moreover, there is the need to sustainably and securely be able to interact with the world’s “unstructured repository” of data so that products and services can be effectively provided, particularly in the rapidly-expanding decentralized world. With XRoad Decentralized Storage, XRoad Locker and Oracle solutions, XRoad empowers individual Internet users (whom we refer to as X-roaders) to leverage blockchain technology for user-friendly access, protection and control over their data (rights).

Moreover, user activity powers essential XRoad Oracle that smart contracts rely on to effectively and safely interact with off-chain environment data in the decentralized world.

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To get more details about XRoad Initiative XRI: XRoad Initiative

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