11/25/2018: Skynet

The internet of things is a buzzword that many devs took for their products. However, there is a lack of meaning in this word. Currently there are no standards, and machines from a brand cannot communicate with others. So the dev space is really a mockery of what it really could be. Skynet aims to solve this problem by introducing an AI hardware enabled solution to this issue.

Skynet Proposal

The Skynet proposal is a very ambitious project that seeks to redefine the IoT landscape. IoT has been relegated as a second-rate technology due to lack of standardization. Also, IoT devices are often underpowered, lacking processing power. This difficult its integration on really intensive tasks like AI processing. Skynet seeks to resolve this situation by applying a hybrid concept.
ICO Of The Week: Skynet
The Skynet proposal for the future of IoT smart devices is a two-part system. First, there is a hardware component called Skynet core. The Skynet core is nothing more than a low powered CPU that will be in charge of interpreting the signals of the network. It has embedded blockchain and AI capabilities. This makes this core the first of its kind in the world.
The second and most important component of this system is the SON. The Skynet Open Network is the platform that will serve for these IoT devices to communicate. It is a blockchain network that will enable learning interactions between these devices. The applications for this network are nearly endless and will vary from device to device.
With this duo of hardware + software, each device will manage a cryptocurrency wallet of ts own. This will let the device have the stake sufficient to execute actions on the network. The network will be able to execute smart contracts to a certain subset of devices. However, security is paramount for this kind of connections and the Skynet Core processor is capable of encrypting and decrypting messages in the network natively. After all, no one would like a hacker to manage his air-conditioned unit.

Possible downsides:

Skynet is a remarkable project, but it has a very large scope. The Skynet Core is a processor that will have to enter a market full of already tried solutions. To make a niche in the market they will have to offer a good product with no defects whatsoever. The design of the core chip was in charge of 10 engineers from Qualcomm.
ICO Of The Week: Skynet
This is just a little thing of the hundreds that can go wrong, but it is natural on a project of this scope. If you want to know more about this highly complex ICO, visit them here. They have a fairly long whitepaper that is pretty technical also. you can read it here.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…