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How can big corporates join in the blockchain era?

How can big corporates join in the blockchain era?

Numerous corporations are beginning to invest a lot of time and money in developing blockchain technologies for their companies. Although many in the industry usually have the misconception that blockchains need cryptocurrencies to survive, when in fact, they can act as a stand-alone technology.

 

It is becoming more clear that the use of blockchain technologies has numerous advantages compared to the current systems used for data tracking and authentication.

 

Many of these companies have come to realize they can get better results, and be more transparent with their business operations. Here’s how big corporates can join in the blockchain era.

How the blockchain can help with transparency?

We are all aware the world is plagued by disinformation, and at times, distrust looms over the corporate industry. Whether this is through their financials, or by their inability to provide the public complete transparency about their services.

 

This is how the blockchain can assist these companies. Considering their business operations, at least their publicly known business operations were to be put on the blockchain.

 

This would immediately instill trust among their customers and shareholders, as one of the key advantages of blockchain technology, is that it is immutable, meaning the information cannot be changed or tampered with.

 

Furthermore, this way of integrating the blockchain into their company could fulfill the obligations set forth by government agencies, in terms of tax, revenue, and assets controlled by the business, and this could alleviate some of the workload governments put toward auditing these large corporates.   

 

In addition, supply chain and logistics companies can benefit greatly from using a trustless system, one that clearly monitors and updates key tracking points for highly sensitive products, such as pharmaceutical products.

 

By integrating this type of solution, companies will no longer need to spend time and money on actively proving their innocence when there’s an unforeseeable problem that disrupts/damages precious cargo.

What’s in it for the customers?

Aside from being transparent on the internal, and government side, corporations can integrate front-facing blockchain technology that is used to track and update customers on their product’s life-cycle journey.

 

Consider the fact, that customers have been shielded, if not blinded, by a company’s supply chain operations, whereby customers have been unable to see how, and where, a product’s materials have come from.

 

This can change, and become a trusted integral part of a business’s offering, whereby customers can now be given the full view of what they’re purchasing. Imagine a corporate blockchain, that is constantly updated with information about the ethics, materials, and locations of the products/services a customer is purchasing.

 

The rating of that specific product would be much greater compared to others on the market (there’s no data to back this statement, but rather an assumption).

 

As you can see the idea of corporations integrating blockchain technology into their businesses can have deep meaningful effects, not only on themselves but on the customers they serve.

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How can users take advantage of web 3.0?

How can users take advantage of web 3.0?

The step from what we use today to access information, engage in conversations, and store our data has been strictly monitored and taken advantage of, but this is changing with the rise of web 3.0.

We have constantly been made aware of how our personal data has been used to manipulate us into making decisions that we previously may not have taken.

But now, as the world is transitioning to an alternative, we can begin to uncover the key advantages of using this new type of internet architecture. This article will explain what web 3.0 offers, and what you can gain from using it.

Taking back ownership

Hasn’t it been frustrating when you dedicate a lot of your time to creating something, and after sharing it online, it becomes exploited? This is something that a web 3.0 architecture will solve, as ownership over any information, or data, uploaded across the web 3.0 will be accredited to the creator.

Furthermore, if that piece of content generates any revenue, then the subsequent compensation will be rewarded to the creator. Due to the blockchain, we can now keep a very detailed, trustless database of information about ownership. Something that isn’t entirely possible in the current online architecture.

What’s most important, to many users, is the exploitation of personal data. As accessibility will ultimately be peer-to-peer, the collection and use of our personal data won’t be apparent, as all online activities across a web 3.0 architecture will have limited association with our offline identities.

This is partially one of the major incentives that many users are still yet to learn, and once the technology within the industry matures, the accessibility of information, while remaining anonymous will become more seamless.  

Sustainability and access

Within the web 3.0, all the information and data will be distributed and stored on hundreds, if not millions, of distributed servers among numerous locations, meaning accessibility to information could, in theory, always be accessed.

The benefit of this is users won’t have to endure censorship from third parties but instead be given the freedom of open information accessible from anywhere across the globe, without limitations.

Of course, there are drawbacks to this, but, many companies are actively working on solutions that can create the right type of balance that assimilates similar safety protocols we see today. As mentioned before, the technology isn’t mature enough.

A popular understanding of a web 3.0’s decentralization is the possibility that users can access other users’ servers to increase their network speeds. For online functionality, this is a huge step toward an extremely fast network that isn’t restricted by centralized server bottlenecks when accessing the internet.

So, people will be able to utilize a web 3.0’s network to stream, download, upload, store & retrieve data, and participate in online gaming without encountering high latency issues.

Although we are still a few years away from web 3.0’s promises of becoming a reality, we are already beginning to see signs of its true potential, and with it, a new way in which the world can access digital information.

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Problems with the future internet | web 3.0

Problems with the future internet | Web 3.0

The future internet known as web 3.0 is coming, and although there’s a lot of hype surrounding its development, there are a few drawbacks that will impede its development. In this article, we will explore some of these issues.

 

Ultimately, web 3.0 architecture is something the majority of the world has been looking for. It is a means that can ensure complete privacy, and security, and address numerous issues such as scalability.

 

Web 3.0 is described as a decentralized, peer-to-peer network, that enables users complete autonomy over their data. Just by describing what web 3.0 is we can begin understanding why there are obstacles slowing down its development.

 

Let’s dive into what problems are associated with the future internet, and perhaps uncover why in which we can overcome these issues.

A lack of data & information

What we have today are these monopolies that have stored every piece of information we see on the internet in large data farms. When we want to access this information we must give away some type of information, click on ‘accept all cookies’, and basically sign over every anonymity freedoms we have to access them.

 

This is a centralized structure. Let’s take Google as our primary example. Google’s search algorithm basically acts as a stitching mechanism that bridges all these different websites, hosted across numerous locations, together.

 

When we search for something using Google search, we are asking Google to find the information we need in the fastest time possible, something Google does incredibly well. So, Google is accessing numerous servers to deliver these results.

 

In a web 3.0 infrastructure, all the information will be decentralized, meaning, a company like Google will have a hard time indexing and gathering the information we need. What’s happening is that in a decentralized internet network, the user experience will be dreadful for those trying to access information.

 

Currently, there is no indexing search engine that can tag and deliver information similar to Google’s method. This will become a problem, and currently, there aren’t any popular solutions for this in a web 3.0 architecture.

 

So, does this mean the future internet will be more like a hybrid between existing systems and these newly formed decentralized systems? This is a question that not many can answer, at least not right now.

 

The future internet, or web 3.0, is still in its infancy stages. It is promising all these grand changes, but is it missing the mark by offering a complex system that sways people away from using it?

 

In order for web 3.0 to see mass adoption, the complexity must be simplified, information must be abundant, and tools must be simple and easy to use. Without them, web 3.0 will struggle to rise in its development.

Governments & corporations

We see from the aspect of the technology side and its current limitations. Now, on the other spectrum, the future internet must overcome the socio-economic strains that are restricted by legislation and corporations.

 

From the perspective of a government body, a decentralized, “uncontrolled” internet can have catastrophic effects to every aspect of governance models. From democratically run nations to socialist/communist ones, a decentralized internet could get out of hand.

 

This is one fear that many governments are baffled by, and due to this fear, legislation is slowing down web 3.0’s momentum by targeting the incentive layers of these platforms, and the endpoints in de-fi.

 

This is a barrier that web 3.0 advocates, and developers, must address in order to satisfy these agencies. Although some governments are relatively susceptible to its development and are figuring out a solution to work alongside web 3.0’s development, then there are governments who have completely banned its use entirely.

 

Whatever the eventual outcome, we are in somewhat of a limbo, between whether or not a decentralized internet is a safe bet, from a government’s point of view, and can there be a good balance between some type of control to a free and open digital economy?

 

From a corporation’s point of view, a web 3.0 architecture isn’t much of a concern right now, as mentioned earlier, there is still a lot of development that needs to be done before it can even be considered a threat to the existing web 2.0 architecture.

 

That said, companies such as Facebook, and Google, have been preventing the use of their platforms to advertise web 3.0-based crypto projects, perhaps this is only due to the sheer amount of scam coins taking advantage of unwitting investors, or they already see the threat and want to act upon it the only way they can.

 

Whatever the reason, web 3.0’s development is already apparent, and will eventually become embedded into our daily online lives. Only time can tell what the future holds for us.  

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How the NetFlowCoin network will be the foundation of the next internet

How the NetFlowCoin network will be the foundation of the next internet?

The internet we know today is about to change, not immediately, but over the next few years. We are currently surging toward a transition from a web 2.0 architecture, to a web 3.0-based one. With it, the way we navigate, communicate, and access digital information will change.

 

To many, the concept of web 3.0 flies over their heads, as the core principle that’s rattling around everybody’s minds is, why does it need to change, and why should I care?

 

Well, to answer this question we must first understand how we are currently accessing the internet. As many of you know, our entire outlook of the digital world is controlled by a handful of companies, like Facebook, Twitter, Google, Microsoft, etc…

 

And some have branded the way we access the internet like slaves being told what information we think we want to see. What many people haven’t realized is that our entire digital existence is controlled by these companies.

 

How this has been done, and many of you have heard about it, and that’s through the mass collection of personal data. We have unwittingly handed these companies our personal data on a silver platter, giving them permission to manipulate our views and reinforce conventional beliefs that have created the most polarized social-economic structure in the history of the world.

 

Well, this is fundamentally at the core of the next generation internet that we call web 3.0. Regardless of the hype around cryptocurrencies, it’s actually this new distributed, decentralization, that should be the main focal point of the industry.

Taking back control of your data, and the internet

This brings us to what web 3.0 is, and what does it have to offer? Well, in simple terms, the idea of web 3.0 will be that users will have complete autonomy over how their data is used, ultimately giving control of data back to the people.

 

In a web 3.0 architecture, people will be able to remove the need for centralized authorities I.e Facebook, Google, etc… and bypass their services to get the same, or similar, information without divulging their personal information.

 

No one knows exactly what web 3.0 will eventually look like, but there are some key characteristics that are beginning to take shape. These characteristics are as follows;

 

Decentralized & Centralized: The web 3.0, contrary to popular belief will be both decentralized and centralized, as every participant upholding a network’s integrity will become their own centralized location.

 

Organizational structures in the form of a DAO: Companies in the future may adopt a DAO (decentralized autonomous organization) structure. This can be regarded as one of the highest forms web 3.0 could develop into, whereby businesses are no longer run by a group of individuals, but instead run by a mass amount of people.

 

Complete control over your data: Any, and all data, will be owned by the individual, and any revenue that data generates. The core concept is that the freedom of data collection for companies is over.

 

Authentic rights over identity: Your digital identity online is entirely up to the individual, as you’ll have the choice of whether you want to remain open, partially open, or completely hidden across web 3.0.

 

Sustainability: The current web 2.0 architecture has numerous sustainability, and scalability problems associated with it, as networks crash constantly, and we are confined by the internet/bandwidth speeds. In a web 3.0 architecture, these issues can be overcome, as there will be a combined network of edge computers, etc…. upholding a network’s integrity.

 

As you can see, these problems have been prevalent throughout the 21st century, but have never really been solved, until now, with the rise of blockchain technology, we are finally at a stage where the internet can evolve by solving these problems.

Where does NetFlowCoin fit into the web 3.0?

So after defining the issues with web 2.0 and the direction web 3.0 is heading, where does NetFlowCoin fit into all of this? Well, NetFlowCoin’s network is a P2P communications network, that operates in the same way we communicate across the current internet. The only difference is that it is completely peer-to-peer, meaning anyone accessing the NetFlowCoin network is subsequently bypassing the need for third-party intervention.

 

The NetFlowCoin network, in essence, has created the foundation bed for a decentralized web 3.0 internet. Users will have the freedom to store, stream, and share any type of digital content from anyone, with anyone, across the globe.

 

A decentralized internet isn’t new, it has been around for years, but, with the combined technology of the blockchain, and the hype surrounding cryptocurrencies, people are now incentivized to support a network’s integrity.

 

A similar function has been applied to the NetFlowCoin network, whereby miners are rewarded by contributing digital content, and internet bandwidth, that generates data traffic. This data traffic is converted into NetFlowCoin rewards.

 

The previously conceptualized distributed internet model has not been made possible, as there was no network that can support the mass adoption of a P2P communications network, and reward people simultaneously, at least not until today. NetFlowCoin’s vision is to build out a global network that rewards all who participate, creating a win-win internet for all.

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NetFlowCoin and UC Berkeley establish a partnership for blockchain and web 3.0 infrastructure research

NetFlowCoin and UC Berkeley establish a partnership for blockchain and web 3.0 infrastructure research

Today NetFlowCoin and Berkeley Defi Research Initiative announced an industrial partnership to jointly develop new blockchain technologies and Web 3.0 applications solutions, leveraging on the strong blockchain community and deep expertise of its faculty and students at UC Berkeley.

 

UC Berkeley has been a leading institution at the forefront of innovation in blockchain and Web 3.0 applications. Through this new partnership, NetFlowCoin will donate its network validators and engineering resources to establish a NetFlowCoin witness node at Berkeley. Berkeley Defi Research Initiative will sponsor forward-looking research topics based on the NetFlowCoin network and also Berkeley students to utilize NetFlowCoin’s capabilities in their research projects.

 

NetFlowCoin has expressed its commitment to further strengthen its academic outreach program at Berkeley as the initial phase of the partnership is taking place.

About NetFlowCoin

Aiming to become an integral part of rapid growing Web 3.0 infrastructure, NetFlowCoin has created a platform that allows users to share, store, and stream data in a completely decentralized environment, while rewarding contributors in the process.

 

The NetFlowCoin ecosystem is a combination of blockchain, SDVN, and DAPPS. Each area provides value to the space.

 

Users are given the option to purchase NetFlowCoins and pay for a variety of services across the network, such as storing data, accessing and streaming media content, and/or using DAPPS.

 

In addition, users can become miners themselves, offering their storage space and media content, to other users in return for NetFlowCoins.

 

The platform will act as a globally distributed network that can support applications designed for the metaverse. Developers can host their game-fi, social-fi, and de-fi applications across the NetFlowCoin network.

 

Learn more about NetFlowCoin

Official Website: https://www.netflowcoin.io/

Telegram: https://t.me/NetFlowCoinCommunity

Twitter: https://twitter.com/NetFlowCoin_io

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The roadmap of the NetFlowCoin Foundation

The roadmap of the NetFlowCoin Foundation

Where did NetFlowCoin come from? Some people believe NetFlowCoin came from thin air, acting as another blockchain project attempting to create a hype, and fade away as though it never existed.

 

Well, they couldn’t be more wrong. To understand NetFlowCoin’s roots, we must first understand what NetFlowCoin is? NetFlowCoin is a combination of the SDVN protocol and the blockchain. It is designed to act as an incentivized P2P communications network, enabling users to share, stream, and store data with anyone, across the globe.

 

Roughly 10 years ago, the SDVN network was built, and deployed among numerous fortune 500 companies, acting as their privately secure communications channel. Over the years, numerous developers have built applications above the SDVN protocol, accumulating well over 4.5 million users of its technology.

 

In 2019, the NetFlowCoin Foundation was born, and with it, a whole ecosystem. The idea of the NetFlowCoin network is to become the dominant layer that will eventually act as the underlying layer for all metaversal web 3.0 applications.

 

By late 2019 NetFlowCoin released their whitepaper, outlining the blockchain industry as a whole, and what has been missing. By early 2020 the protocol was written and the traffic on-chain development code was completed.

 

By early 2021, the testnet was made live, enabling a handful of early miners to join the ecosystem and begin mining NetFlowCoins. The testnet was a great success. By late 2021 the mainnet went live and was adopted by 100 private miners.

 

In Q1 2022, NetFlowCoin went live on the BitMart exchange, kickstarting the ecosystem into action and allowing early adopters to begin purchasing the coin. We are currently in Q2 2022, and the NetFlowCoin Foundation will be making its entire network public. This marks the starting point for the web 3.0 conceptual foundation.

What is to come?

What is exciting about the NetFlowCoin network is that the possibilities are truly endless, as the foundation will focus on community building, and working with 3rd parties to greatly expand the network.

 

Recently, NetFlowCoin and UC Berkeley have partnered to shed light on the blockchain industry for UC Berkeley’s De-fi students. They will use the NetFlowCoin network as a point of focus for research.

 

Although the mainnet is still yet to be made public, this is a focal point for the team over the next 2 months. Once the mainnet is made public, users, miners, and developers can begin growing the ecosystem into the very-much promised platform that’s been spoken about.

 

A key objective for the NetFlowCoin Foundation is to expand the ecosystem. Meaning, that throughout 2022/2023, once the mainnet is launched, the goal is to bring on board 10,000 new miners, greatly increasing the network’s traffic flow.

 

In addition, partnerships will become more frequent, as numerous relationships are being formed. Of course, this article cannot announce partnership names, but be sure to keep an eye open for these announcements.

How NetFlowCoin will fit into web 3.0?

As we are beginning to see signs of this next-generation internet, we must take a step back and ask ourselves, where does NetFlowCoin fit into it all?

 

The key characteristic that people have been describing web 3.0 as is a decentralized internet that gives ownership of data back to the people. Theoretically, users will be able to detach their online identities from their offline ones, becoming completely anonymous online.

 

How might this happen? Well, by taking NetFlowCoin’s network as an example, firstly, a user’s identity can be shielded through the use of their wallets. By making purchases, playing games, viewing content, etc… leaving no digital footprint wherever they travel to.

The way content is distributed online has always run through central servers, at least in the web 2.0 era. By doing so, when a user uploads any type of media content online, they lose ownership over that content.

 

By using the NetFlowCoin network users will have full control over their data. As a user, all accounts/content will be uploaded under your digital ID. In that case, all of a user’s digital assets are owned, and controlled, by that one user.

 

Turning toward the mining aspect of the network. Miners will enter the ecosystem using an NFC-ready NAS device. A NAS device is a personal cloud storage unit that miners can use to host any type of media content they’d like and share it across the NetFlowCoin network.

 

By doing so, that specific miner becomes their own centralized location, meaning, at any point in time they’d like to remove their media content, they can do so by leaving the network. Of course, if a miner leaves the network, he/she will lose out on mining rewards.

In conclusion: The future is bright

We have seen in the past many extraordinary companies building some of today’s most innovative solutions. Could NetFlowCoin be one of them? Well, judging from what we see today, and where the industry is going, NetFlowCoin is most certainly a contender.

 

The future is bright, as the development of web 3.0 will take numerous years before it’s adopted and implemented, and the NetFlowCoin Foundation has proven to be resilient. Over the next few years the expansion of the NetFlowCoin ecosystem will grow larger and larger until finally, a dominant network is in place.

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What a decentralized internet will look like?

What a decentralized internet will look like?

We are beginning to see signs of the emergence of a decentralized internet. But, many people are still unaware of what this new internet will act like. No one knows for sure exactly how web 3.0’s development will eventually unfold, but the signs are clear as to what users will be able to do with it. 

 

Throughout the 21st century, data has been at the forefront of discussion when discussing the legacy web 2.0 internet. Whereby, large private organizations have been harvesting massive amounts of data from the public and selling it to other organizations without compensating the owners at all. 

 

In a web 3.0 architecture, the keyword that’s buzzing around is ‘ownership’, and this ultimately means that users/individuals will have full control, I.e “ownership”, over all their data and content. Let’s break this down into how exactly this will be done. 

A new communications network, owned by the people

Digital messaging is an aspect that many cannot live without. Over the years many messaging applications have revealed privacy flaws that leave many user accounts vulnerable.

 

Currently, a centralized architecture usually stores and records all of an individual’s messages. How this works is, person A sends a message to person B. But that message doesn’t travel directly from person A to B. It instead travels from person A to the service provider, whether that be Facebook, Tencent, or other service providers, and then gets sent to person B. This information is stored on a centralized server that can access your history at any time. 

 

What a decentralized communications network can do is, open a direct line between person A and person B, to allow direct messaging, completely removing the storage aspect of a service provider. Not only is the message completely private, but no one can see any information between the two parties. 

 

Although the web 2.0 is dominated by companies such as Amazon, Google, and Facebook, a web 3.0 decentralized internet will not push the attention away from these organizations but instead creates an opportunity for them to work with a web 3.0 architecture. 

 

As data will still be an important aspect for these companies, there could be a hybrid model whereby these organizations pay individual users monthly for access to their data. 

 

There are numerous obstacles that stand in the way of a decentralized internet, but one main concern will be access to the information we see today. This poses a challenge for Dapp developers to create a system that enables similar information to be categorized and stored among numerous nodes within a decentralized network. 

 

Currently, decentralized storage is slowly becoming more popular, but, blockchain projects have still yet to solve the access to content sharing and streaming model that we see in a web 2.0 network. Aside from the NetFlowCoin Foundation, there are no other companies that can take on this challenge. 

 

This is an aspect that many fans of the new internet must take into account. The internet is basically one huge library of information, and so, in order for a decentralized internet to offer similar information, there must be mass adoption of content creators all contributing similar content as they did on the web 2.0 to the web 3.0. 

Individual identification management systems on a web 3.0 network

A people’s-owned internet can also break down the barriers of identity management systems. Something that big-name companies have been unable to achieve. Not through lack of trying, but the liability would be too great if they were to be hacked. 

 

A decentralized internet can actually be used to enable an identity method that enables users to access any type of content, Dapps, and services without having to create numerous accounts to do so. Instead, have one account to access all. 

 

This can be achieved, as a decentralized internet architecture will be used in parallel with blockchain technology that uses systematic consensus mechanisms that can authenticate a person’s identity without actually revealing any information about that person. 

 

Although this system will have numerous issues when implemented on a government level, daily use of accessing the internet can be a viable solution that not only protects private information about an individual but also makes access smoother and more simple than what we see today. 

The decentralized internet will not be an easy transition

The transition from a web 2.0-based internet infrastructure to a web 3.0-based one will be accessed differently from what’s being used today. A decentralized internet will ultimately be shaped by numerous distributed nodes across the globe.

 

Accessing these nodes’ content will need touchpoints in the form of some type of portal. As many blockchain’s networks are designed to solve different issues, it will be hard for users to continually cross between different platforms to access the content they’re looking for.

 

This means companies need to create a cross-chain solution that will enable users to move seamlessly across different networks and access the services provided on those platforms. The next generation internet seems to be moving toward the direction that will be comprised of numerous blockchains all connected together through a bridging protocol.

 

Although there are not many chains dedicated to acting as a foundational layer for web 3.0. The NetFlowCoin foundation’s chain is working toward building the underlying network that will support the entirety of the new internet.

 

As these chains have set out to solve specific problems, NetFlowCoin’s protocol is the communications layer that will enable users to interact with the web 3.0 similar to how users currently interact with the web 2.0.

 

Through a bridging protocol, NetFlowCoin’s network could be integrated alongside other chains within the industry, generating the glue needed to combine and expand the new internet into what everyone is envisioning it to be.

In conclusion: Decentralization is the future, and no one can stop it

Although there is hype around the novelties that we are seeing today, in terms of NFT (non-fungible tokens), virtual real estate, and cryptocurrencies. The bigger picture is more than what is being spoken about on the surface. 

 

We are part of a digital evolutionary stage that has unlocked a path for the people to control what is seen, used, and shared online. The way in which we can communicate can be changed, and no longer be confined by the keyhole that so many companies are forcing us to only see-through. 

 

Governments, media, and conglomerates will now need to adapt and change their digital strategy to be a part of this people-first decentralized internet and give value instead of blockades for what is to come, and for what is deemed the future. 

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For the Developer

Build the New Distributed Frontier: NetFlowCoin Welcomes Developers to Platform

NetFlowCoin is a decentralized Internet application platform made to reward developers in the ecosystem. Help build distributed applications on the unexplored, decentralized open web.

The NetFlowCoin Project utilizes blockchain as a data transaction, security, and incentive layer in tandem with its Software Defined Network. The SDN is deployed across countless nodes consisting of powerful computing capabilities closer to the network’s core and edge nodes local to every user.

The proliferation of devices capable of becoming NFC Edge Nodes such as mobile phones, laptops, PCs, and workplace servers means NetFlowCoin can tap into an endless pool of networking and storage resources globally. Some key global networking capabilities of NFC include:

  • Adaptable: A fast-growing ecosystem of tools, applications, integrations and providers for all types of cases 
  • Made to Scale: Powerful and active distributed edge network with millions of edge nodes enabled via SDN
  • Military-Grade Encryption: The foundation of SDN + Blockchain technology means a secure communications platform with profit potential
  • Superb Performance: Super high processing power designed for large-scale use
  • Innovative Consensus: Efficient consensus for network-wide participation
  • Open and easy to operate: Designed to be developer and user friendly

Distributed Application Layer

NetFlowCoin’s platform allows for a fully decentralized distributed application marketplace. Presently, NFC’s blockchain serves three primary purposes:

  1. Record all traffic, storage, and data on the SDN network. Making all data traceable on the chain.
  2. Tokens incentivize the contribution to the stable operation of the system, and expansion of the business landscape.
  3. Compatibility with smart contracts and Solidity

NetFlowCoin supports smart contracts on Ethereum, as well as the smart contract programming language Solidity.

The NFC application layer provides developers with various open source interfaces. Developers are a cornerstone of NetFlowCoin’s decentralized marketplace. NFC provides diversified open source interfaces for developers to create new dApps in the decentralized app store.

The NetFlowCoin platform can host an infinite number of application scenarios for users on the application layer, such as:

  • Network resource sharing (idle bandwidth sharing, or acceleration) dApp
  • EN data sharing dApp
  • DEX
  • Decentralized video streaming network/platform
  • Decentralized data trading platform
  • NRC20 token
  • NFT
  • IOT platform
  • KYC/CIS/Identity Verification
  • Decentralized MMORPG
  • NFC Lottery dApp

Use Case Example: Instant Messaging dAPP

Distributed IM on NFC means the realization of decentralized, real-time messaging. Centralized instant messaging is well-known for its risk of leaks and privacy invasion.

In NetFlowCoin’s distributed IM, the conversation has end-to-end encryption. Personal identifiers and message contents are stored locally on the end-user. Enabling the option to “burn after reading,” or “delete messages older than 1 week,” ensures that the data is completely erased.

Since there is no central server, users can perform peer-to-peer instant messaging through identities (such as addresses) on the chain, which is faster and more secure.

The user profile option supports cross-chain addresses to authenticate an individual’s identity. This makes it easy for users to consolidate multiple addresses of different blockchains under one identity or username. After verification is complete, the IM dApp allows verified users to know who they are chatting and transacting ETH, BTC, or NFC with.

The IM dApp can be integrated with NetFlowCoin’s personal server to encrypt and store personal information (including multi-chain aggregated identities) and permitted chat records and other data locally. Even if the mobile phone is replaced, the chat data and other saved files are guaranteed to be safe and stored on the user’s server.

An Ecosystem Primed for Growth

NetFlowCoin’s dual token model is designed by developers for developers. NFC tokens are issued on the local blockchain token system, and NFCS (“NetFlowCoin Stable”), issued under the ERC20 standard.

NFC is the only equity token in the ecology, with a total amount issuance of 2.1 billion. NFC can be rewarded by providing various decentralized services, maintaining the network, and/or enriching the ecology.

NFC can be acquired by buying or providing various services or transactions based on the system ecology, and the price of NFC is entirely determined by the market value. Through the PoVF consensus mechanism, the traffic mining model helps popular developer (and partner) applications rapidly chain-up and scale.

NFCS converts into NFC tokens, incentivizing traffic computing power.

Supported by the local blockchain, the price of NFCS is pegged to the USD. The NFCS is used as a basic communication service fee for traffic mining (and payment credentials at the business level). NFCS links the value of traffic; the value of the data said traffic carries; and the value of network services within the NetFlowCoin ecosystem.

As the NetFlowCoin ecosystem continues to evolve, the demand for new distributed apps will grow. With its unique combination of technologies, the NetFlowCoin project is the latest phase in the development of a decentralized Internet. Join NFC today, and make your mark on the open web.

To learn more about the NetFlowCoin Project and how you can build, visit NetFlowCoin.io. For more technical specifications and information, check out the latest NetFlowCoin White Paper.