INFINITY Connect
1.1 What is VANTA?
VANTA is looking to build an intelligent network for real-time networking, which enables individuals and companies to quickly develop services that can efficiently transmit and process real-time data, as well as commercialize the services at low cost without additional infrastructure. As a result, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will be a practical blockchain that will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses. Real-time networking technology covers a wide range of areas. The technology can be used for messaging / file transfer / voice & video call development, large-scale real-time video streaming, and transmitting & processing various real-time data collected from IoT sensors. Besides addressing these problems through the VANTA blockchain, VANTA will provide and expand enterprise-level telecommunications network solutions to businesses and enterprise customers. Using blockchain and cryptoeconomics designed for real-time networking, VANTA creates a system in which nodes participating in the network contribute to real-time data transmission and processing without relying on traditional centralized systems and networks. This system results in a low cost, functional blockchain based network. Anyone, regardless of existing platforms, can participate and use the network by using an API, an SDK, or modules to integrate with existing applications or platforms in use. VANTA, therefore, can easily expand the ecosystem through modules that integrate applications and platforms.
1.2 Motivation
The need for this network arises from the fundamental reason that the amount of real-time data exchanged between people and devices is increasing exponentially. In addition to the number of devices connected to the Internet, the amount of data that individuals produce and consume in real-time is exploding. The need to transfer and process more data quickly is growing rapidly. High-definition broadcast streaming, high-definition group video call, low latency data processing for VR & AR are some examples. In addition, sectors such as education, entertainment, individual medical & life support systems, traffic information systems, and factory operation systems leverage real-time data transmission and processing from various IoT sensors, which generate hundreds of thousands data points per second.
1.3 Market
1.3.1 Video streaming
According to global market researcher Research and Markets, the video streaming market in 2016 was $30.29 billion USD in revenue and will double by 2021 to $70.05 billion USD. Cisco also predicts online video to account for 82% of internet traffic by 2022. In particular, the “real-time” video streaming market provided by Facebook Live, Twitter’s sports broadcasting services, and video broadcasting services such as YouTube and Hulu accounts for only 3% of internet video traffic in 2017 but is expected to grow more than four times to 13% in 2022. As a result, consumers’ demand for larger bandwidth and higher quality video will increase dramatically and the problems regarding inefficient data transfers and expensive central.
1.3.2 IoT data streaming and processing
According to Statista, a market research firm, the size of the IoT industry will grow by 24.4% annually, to $1.7 trillion USD in 2019, Gartner expects global IoT devices to grow to 20 billion by 2020, and BMI Research estimates that by 2050 at least 40 billion “things” will connect to the Internet. As such, all things are coming into the hyper-connected society that connects to the Internet, the emergence of a hyper-connected society will dramatically increase the size of the IoT market. That is, more data will be generated in real-time by various IoT devices, individuals and corporations who want to receive such data in real-time will also increase significantly. At some point in time, storing and processing the data produced by IoT devices on a centralized server and delivering it to the users who need it will meet throughput and cost constraints. This will make the IoT sensor or its connected IoT hub more directly connected to the device that requests the data and transmit data in real-time. This means that there will be more devices connected directly to the IoT sensor or IoT hub to receive data in real-time, and VANTA’s real-time networking is an opportunity for intelligent networks to be integrated into IoT devices and services.
1.4 Problem and solution
1.4.1 Increasing Network Throughput and Cost
Current networks and infrastructures that support various real-time networking are reaching throughput limits. This means that companies will not be able to provide reliable services, since network and server costs will increase along with the increasing amount of data transmitted. VANTA will solve the throughput and cost issues by making the common computers and mobile devices around the world, whose performance rapidly increases each year, to contribute to real-time networking.
1.4.2 Real-Time Networking Development Costs and Problems with Centralized Services
Many companies are limited (or even fail) to developing real-time networking services because of the cost, time, and lack of skills required to develop and operate such services. As a result, an increasing number of companies are utilizing centralized API services that help develop real-time networking functions. Yet, there are some problems with centralized APIs. Once a centralized API is used, the fee increases significantly as the usage increases. Moreover, if an API provider suddenly changes policies, stops the API service without notice, or experiences temporary downtime, the company developing the services based on the provided API will be adversely affected. Also, because the data is stored on a centralized server, it can not be free from hacking or privacy issues.
1.4.3 Privacy concerns resulting from transferring and storing personal data
In the future, more diverse personal data will flow within the network to be transferred between devices, and will be stored in various centralized servers in order to provide a smooth service experience. However, if users can not know whether if the data is properly encrypted, transmitted, stored, and deleted from the server, users may become anxious due to various hacks as well as government & corporate surveillance. At the same time, personal data leakage will cause great damage. With a blockchain, however, it is possible to transparently confirm the process of transmitting / storing / deleting data. Decentralized nodes, in addition, transmit and store real-time data.
1.4.4 Access to data generated by devices and the data usage fees
In the future, there will be an increase in the need to send and receive data in real-time between people and devices and between devices. In such a situation, it is necessary to have a system that can operate transparently and accurately according to the rules determined between the devices without human intervention for acquiring the data access permission automatically, configuring the temporary network for receiving the data, and paying the price for the data use.
1.4.5 Trust in the communication between parties and trust in the data transferred from various devices
Currently, various products, stores, and media are evaluated and shared by people. People evaluate the purchase, use, and visitation of products, stores, and media, but there is no evaluation of people or the devices people are communicating with. In the future, there will be more and more real-time communication across people and devices, and credible evaluations will be needed.
More information:
Website : https://vanta.network/
Twitter : https://twitter.com/vantanetwork
Facebook: https://www.facebook.com/vantanetwork/
ANN : https://bitcointalk.org/index.php?topic=5095100
Reddit : https://www.reddit.com/r/vantanetwork/
Telegram : https://t.me/vantanetwork
Author
Bitcointalk username: brayen6
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