Review on Elamachain by francis fernandez
incorporating blockchain and AI technology into everyday life
Technology offers unlimited services and applications, mostly focused on solving problems in financial or applicable areas within the world of business and entertainment.
Based on this guideline, the need arises for the creators of ElamaChain to develop a digital platform that focuses its main purpose not only on the resolution of variables in the business world; but also focus on providing strategic solutions to real world problems, aimed at meeting the needs and requirements that individuals have in the development of their daily lives.
What technology does ElamaChain use to achieve its objectives?
ElamaChain considers that in addition to blockchain technology, it must combine the versatility provided by the resources offered by Artificial Intelligence; since it is about developing applications that provide solutions to situations that involve people's feelings.
In this sense, the ElamaChain ecosystem combines within its AI and blockchain infrastructure to provide within its cryptographic platform AI solutions and crypto-asset management services applicable within the commercial and business world.
ElamaChain owns its network through the use of HyperledgerFabric. This has allowed you to:
Maximize the speed of your transactions
Add additional layers to enhance network security
Perform block validation differently from traditional networks; when creating a chain code prior to adding data from the operation to the block. This generates greater security to the network
Protect the network by separating the blockchain validation process; that is, it is done separately
Provide security by allowing access to the blockchain only to authorized members per MSP membership. This is how it differs from a public network
Use chaincode hardware to develop smart contracts
What mission does ElamaChain pursue?
The mission of this ecosystem is to promote the global adoption of technology to achieve the benefit of all humanity; regardless of whether we are entrepreneurs, investors or simple individuals of common life; and promote the development of Industry 4.0.
Pros
- Promotes the use of technology for everyday purposes in people's lives
- It combines two innovative technologies: blockchain and Artificial Intelligence in the same infrastructure
- Encourages widespread adoption of crypto assets at the business and personal level
- Offers cryptocurrency payment solutions to digital commerce
- Secure infrastructure due to the use of multiple additional layer mechanisms
Cons
- No downside
