Decentralized Communication: Deco (New Era Powered by the G999 Blockchain)
- April 26, 2021
- Posted by: admin
- Category: Decentralized
GS Telecom (Powered by G999)
We encrypt, store, and transfer!
New Next-Generation Blockchain – Decentralized Communication (Deco) infrastructure powered and secured by 4000 locked-in Masternodes and latest Proof-of-stake (PoS) technology.
This architecture allows for an ecosystem of networking resources and hardware resources, building a network server capable of hosting DApps (decentralized applications).
Currently, the leader in the field of smart contracts and decentralized applications, Ethereum has succeeded in paving the way to innovations with decentralization.
The innovation brought forward through decentralized resource use has inspired projects such as G999 a revolutionary in the field of fast processing and telecommunication.
Enter the World of DeCo (Decentralized Communication)
Decentralized applications (DApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority.
“GSTelecom is a blockchain encrypted messaging service developed under the technology of G999 Blockchain. It uses blockchain technology to send one-to-one direct encrypted messages, which can include files, voice notes, images, and videos.
Using public keys as identifiers and secures all communications to other GS Telecom users with blockchain encryption. The APP includes the blockchain explorer transparency by which users can independently verify the identity of their contacts and the integrity of the data channel.”
In its very basic definition, the Telecommunications value chain is all about availing the necessary connectivity and network setup for data, voice, media, and all other related services. Since there is a lot of data exchange between networks, there is an excellent need for fraud prevention, security, integrity, and inspection.
a) Simplification of the processes
In the current system, partner settlements and agreements take up to one month. With Blockchain, this process will be conducted in real-time; this saves time and reduces disputes.
Blockchain enables digital sharing of mobile games, music, and payments through mobile wallets with Blockchain. An excellent example of this is the GS Telecom decentralized Blockchain chatting app, which is the very first app of its kind. It was developed under the technology of G999 Blockchain. It is similar to the regular chatting apps; only it’s safer and more private. It cannot be tracked or decrypted by the government or hackers.
c) Storage of data
Blockchain enables the decentralized storage of customer reference documents such as passports and driving licenses for digital identification. The best part is that the exclusive control remains with the individual; no one can misuse their details.
Every detail on transactions and agreements is publically and permanently recorded on the blocks. This saves on time, storage expenses and allows for easy retrieval of information.
d) Improved collaboration and automation
There are multiple business transactions involved in the telecom cycle. Smart contracts also automate SLA agreements, and breaches are communicated immediately with all involved parties. Blockchain will therefore play an essential role in bringing all the stakeholders together.
It will help telecommunication companies to connect with partners, other companies, and suppliers to provide connectivity, services for their customers and adhere to SLAs. Customers will get a seamless experience characterized by trust, transparency, and security.
Digitalization: the Rise of Blockchain Technology
Digitalization from physical paper messages to messaging apps, radios to streaming services, and from financial services to decentralize finance the evolution of the digital world. Cryptocurrencies the digitalization of businesses and processes.
Whether we talking Paypal, IBM, Facebook, or Tesla is seems all the interest is in digital assets. Suggestions point toward the pandemic and its acceleration of digitalization.
Advantages of Decentralized Communication
• Increases transparency. The records are public and permanent; this essentially means that even though all network members can access them, they cannot be tampered with. This increase in accountability and transparency is its most significant selling point to most industries; it helps counter corruption, embezzlement and theft.
• Increases security. Blockchain is highly secure, almost impossible to hack or manipulate. Data, personal and business transaction details are protected from unauthorized parties.
• Increase inefficiency. All transactions go through a thorough verification process before recording; this helps prevent miscalculations and other mistakes. Also, the records are readily accessible and easily retrievable for future references, which significantly save time.
• Reduction of operating costs. Blockchain eliminates intermediaries in the transaction process by automating most activities; it also saves on storage costs.
Disadvantages of using Decentralized Communication
• Scalability issues. Transactions are competed depending on the network congestion; Blockchain still needs significant improvement before it can be fully equipped for real-world applications.
• Transactions cannot be reversed. Any data recorded on the Blockchain is usually immutable. It is, therefore, impossible to correct any mistakes or miscalculations during transactions. Permanent records also undermine people’s right to privacy.
• Expertise knowledge. Implementing a Blockchain project is more complex than most people anticipate. It requires a thorough knowledge of the technology, which often lies with Blockchain engineers who are not cheap to hire.
The Future of Private Communication: Decentralization
When you make a call from a landline or a mobile phone, your call is not end-to-end encrypted. When you send a text message (also known as SMS) on a phone, the text is not encrypted at all.
Software that offers end-to-end encrypted texting and voice and video calls include:
- Google Hangouts
- Kakao Talk
- Yahoo Messenger
And some services, like Facebook Messenger and Telegram, only offer end-to-end encryption if you deliberately turn it on.
Off-the-Record Messaging (OTR) is a cryptographic protocol (OTR) end-to-end encryption for real-time text conversations that can be used on top of a variety of instant messaging services. Some tools that incorporate OTR include: