In this article, we will introduce you to the next generation of blockchain technology, which aims to develop the basic principles of blockchain and spread the technology among all business areas. You will learn what principles the Posschain blockchain works and, most importantly, which areas of the industry can be applied to bring more benefits.
To understand in which areas you can apply the technology from Posschain, you need to understand the principles of the Posschain network. The consensus algorithm is the main difference between Posschain and other blockchains that allow you to create DAPPs and create smart contracts. Posschain does not use existing algorithms as it has severe issues with speed, security, decentralization, efficiency, equity, and scalability. The architecture of the consensus mechanism used in the Posschain blockchain works based on artificial intelligence. This solution allows less power consumption, higher security, and higher processing speed.
The principle of functioning of a decentralized network distinguishes Posschain from its main competitors. In the Posschain blockchain, when new nodes join the network, the AI analyzes each one to obtain information about the node’s participation in the network, its power, and possible bandwidth. After receiving this information, the algorithm processes it and assigns a corresponding pool to each node.
The power pool where the nodes are sorted and used to validate transactions, the Exploit Finding pool where the Nodes analyze the nodes in the power pool, the Maintenance pool where the nodes can rest for a short time before being used in other pools or need them quickly. Replace nodes found with errors and Audit pool, which selects nodes and validates their performance and contribution, as well as a full system check.
Another main feature of the Posschain blockchain that makes the project unique is that it can connect other blockchains within the same ecosystem. A network that supports public and private blockchains can allow healthcare, education, administration and law enforcement to launch their unique projects on different blockchains as needed, without losing contact with each other. Now that you have a basic understanding of Posschain and its unique features, it’s time to understand the application areas of this technology:
Decentralized Exchange
A peer-to-peer trading platform that operates on a decentralized registration basis. DEX does not act as an intermediary, but as a platform to find matches in requests for trading assets. Posschain will have the first decentralized exchange with true interoperability between blockchains.
Know Your Customer
An authentication system is required when dealing with financial instruments, assets, and other businesses that include security and fraud protection. Thanks to Posschain’s artificial intelligence technologies, it will be possible to create a fully automated KYC procedure.
Enterprise Resource Planning
With the Posschain blockchain, a resource planning system that will allow issues to be resolved with trust between all members of the supply chain and in the production process.
Pay As You Go
The tax on goods and services and “pay as you go” can be transparently and clearly implemented on the Posschain blockchain. As well as income tax and other types of taxes, which makes the platform useful for the relevant state structures.
Decentralized Application
Currently more than 3,000 created decentralized apps and nearly 10 million DAPP users around the world. Applications that do not need a back-end component, but only use the decentralized registry and participating nodes for their operation, require good network bandwidth and excellent scalability that only Posschain can fully deliver.
Voting Mechanism
The Posschain blockchain will allow you to build applications to organize error-free voting, the results of which cannot be faked.
Business-To-Business, Business-To-Customer
A business will be able to organize transparent workflows built on the blockchain or even interact with other businesses and other blockchains in the Posschain ecosystem. The same applies to the system of Health, Education, Social Policy and other government activities.
Thus, the real advantages of the Posschain blockchain and the scope of its real applications become clear. When assessing the potential of any venture or existing business, every specialist analyst primarily looks at the practical benefits in current market conditions. From this point of view, Posschain holders wins three times: technology was in demand yesterday, relevant today, and will enable the development of fields of human activity in the realities of tomorrow.
