Blockchain is an exciting new technology that has the potential to disrupt industry and at the same time present new business opportunities. The current blockchain craze causes FOMO's acute sense among new and established businesses.
The main causes of anxiety are: Complexity - Blockchain technology involves an entirely new vocabulary. This has made cryptography more important, but highly specialized industries are full of jargon; Blockchain Size - The size of a blockchain is a problem because the full node must store all the transactions that ever happened to the blockchain. This directly affects the speed of operation in blockchain.
Size of transaction data - This will increase the blockchain size as well as increase transaction costs; Prohibited costs - Everyone wants to adopt blockchain technology, but the cost prohibits many of us from doing this; The initial confusion - The main drawback of blockchain is Confusion about where to start, especially how to integrate blockchain into existing IT infrastructure.
RootBlockchain provides blockchain as a service for corporate and retail customers. Discover how it works today in our review. Root Blockchain, found online at RootBlockchain.io, provides blockchain as a service, or BaaS, using hybrid blockchain for enterprise and retail customers.
The platform sees itself as the "future of blockchain". One of the unique things about Root Blockchain is that everything is fully driven by the API, which means businesses can enjoy the benefits of blockchain technology without developing the blockchain technology itself. They can focus on API development: simply connect existing businesses to the Root API and you're ready to use them.
ICO for RootBlockchain token begins on March 1st. The company has not yet launched the beta platform, or they do not provide technical details of their BaaS platform and how it works. Despite the lack of complete information about the project, the company seeks an investment of at least $ 200 over ICO in exchange for a "RootCoin" token.
Of course, there are a number of companies that currently offer blockchain as a service. What distinguishes RootBlockchain from the competition? What issues do platforms want to accomplish? Some of the problems identified include: Complexity: Blockchain technology has clear benefits for businesses. However, it is too complicated for many businesses to get into the existing system. Some companies are too small to devote sufficient resources to the development of blockchain. Even companies with adequate resources will still struggle with blockchain technology because of the complexity and difficulty of hiring certified blockchain experts.
Large Blockchain Size: Currently, blockchain like bitcoin is nearly 200GB in size, making it more difficult and costly to run nodes; Large Transaction Data Sizes: Increasing the size of transaction data will lead to increased blockchain costs over time.
RootBlockchain is API-driven blockchain as a service (BaaS) that aims to offer flexible options for corporate and retail customers. This platform is active in development. However, the beta version has not been introduced to the public. Despite the lack of public release, Root Blockchain already holds ICO - which seems rather unusual. Currently, the Root Blockchain website and whitepaper feature barely have information about how the platform works. The whitepaper is only 8 pages long - which seems odd for the BaaS platform.
The website and whitepaper display basic views of the RootBlockchain organization. There are images of Blockchain Public Root that connect to Root Engine, for example. The Root Machine provides digital notarization, HR verification, and copyright services. Other blockchains, including blockchain Ethereum, blockchains consortium, and private blockchain, are also connected to the Root Engine. Aside from this basic idea, we do not know anything about how RootBlockchain works and what unique features other BaaS platforms have.
Retail Offers - Retail customers can take advantage of the RootBlockchain service to establish the authenticity and authenticity of data and digital documents. Root offers the following retail services: Retail Offers, note only digital data cryptographic pieces or documents in blockchain. It offers the following benefits: Low cost transis - Directly proportional cost of transacons with data charges in transacles. Hashing data and storing hashes in transacons will result in lower transacon costs compared to storing data directly in transacons and confidenal data - Opon is useful when data is confidential and users will not like it if publicly available.
Corporate Offerings, corporate customers can avail the following services: Private Blockchain - A company may opt for their personal blockchain. This is only for their exclusive use and will only contain their transacons and data. A personal blockchain can be customized depending on the scale of operation required such as the number and geographical distribution of the nod. Enterprise customers have access to the Root API which means they can integrate blockchain into their operations.
Flexible Options, RootBlockchain offers several business models: Private Blockchain - Customers can choose to have their special blockchain, where only their transactions will be located; Consorum Blockchain - A personal blockchain for two or more pares The ideal Consorum for connecting customers and vendors; Safe - Encrypted data storage is provided as an oponal feature. It is related to, but is physically separated from the actual blockchain.
API Driven, the entire RootBlockchain offer is wrapped in an API layer (Applica on programming interface) that ensures that the business can easily be up and running in a minimal amount of time.
RootBlockchain comes in the form of a digital currency named RBC. The RBC Token will go on sale from March 1, 2018 to March 30, 2018, at a price of 1 RBC equivalent to 0.03 USD. The token purchase itself can be done with foreign digial currency such as ETH. Do not forget, get also purchase bonuses at certain time period.
RootBlockchain itself is the result of teamwork established by Girish Kumar and Neeraj Tiwari, RootBlockchain strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
RootBlockchain has been designed and created by a team of highly experienced technology experts. Team members bring together expertise that gives them an in-depth understanding of the challenges many crypto companies face including legal, regulatory and compliance issues.
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