Applications play a critical role in keeping the modern information age moving. According to Forrester Research, the global software industry accounted for more than $3 trillion dollars in revenue in 2017. Within the industry, blockchain technology is increasingly considered as a core pillar for future growth.
Two of the key advantages that blockchain technologies bring to the application space are decentralization and enhanced data security. Decentralization means that blockchain applications do not rely on any central infrastructure. Instead, they are executed simultaneously across millions of computers spread out around the globe. Because of this, it would be very difficult for a bad actor to manipulate the contents of the blockchain, as it would require simultaneously altering millions of computers distributed over the entire Internet.
However, due to its architecture, blockchain applications often suffer from difficulties when they attempt to scale to handle enterprise level transaction loads. In fact, the recent effects caused by the simple Crypto Kitties gaming app on the Ethereum network illustrate the complexity of building distributed applications that rely exclusively on the underlying blockchain technology.
As an example, the Ethereum blockchain is currently able to process fewer than 20 transactions per second, while VISA consistently processes more than 45,000 transactions per second.
A hybrid on-chain/off-chain application model is clearly needed.
Given the enormous amount of investment already made in creating software applications, many of which are managing critical life-saving systems, it does not make sense to advocate for solutions that require reprogramming existing software. Such a strategy would be both economically and technologically impossible.
Nevertheless, a great majority of software applications could benefit from harnessing the power of the blockchain.
Most software applications are currently “chained” to a number of centralized and often archaic technologies. Payment processing, secure data storage and cross-organizational data sharing are only a few examples. For instance, processing a simple credit card payment currently implicates multiple centralized data processing architectures between merchants, card providers, banks and clearinghouses. Each one of these centralized databases represents a significant security risk as the untold number of hacking stories consistently proves.
Similarly, consumer applications such as video games, smartphone apps and anti-virus software rely on centralized app stores, gaming platforms and providers. Not only do these present security risks, but they also increase costs. In fact, the major app stores take a thirty percent cut of all revenue that passes through their infrastructure.
Being chained to specific technologies and systems, doesn't only effect off-chain applications. Many blockchain applications are also chained to specific blockchains and programming languages. After all, what happens if Ethereum isn't the blockchain of the future? What does this mean for all of the hours poured into developing Ethereum applications?
A better solution is needed.
The OPEN Platform proposes a solution that allows both on-chain and off-chain software developers to unchain their applications from the constraints that are limiting them. By providing a standardized REST API, developer friendly SDKs and a blockchain abstraction layer, developers can easily and quickly integrate their apps with the blockchain without the need to learn new languages or reprogram existing code.
As an example let's consider the different ways that a hospital management system could benefit from this technology.
Obviously, a simple first step would be to allow customers to pay their hospital bills with cryptocurrencies. While it might seem like a trivial task, until OPEN there has not existed a standardized way to integrate enterprise level payment processing with the blockchain. This would be step one in the application's “unchaining”.
The blockchain, however, can empower many more powerful functionalities than just payment processing. For example, the hospital's billing systems could communicate with insurance providers to settle accounts automatically in a robust and secure fashion. A patient's medical records could be safely stored and accessed by their primary care physician immediately upon discharge. Similarly, government programs such as Medicare and Medicaid could streamline their operations by using the blockchain to prevent fraud and waste.
While the possibilities are exciting, one fact is very clear. Hospitals are not going to throw out their proven systems just to harness these advantages. They have invested millions of dollars in developing, implementing and testing mission critical systems, and these investments can't just be tossed into the trash.
A completely decentralized approach is just not going to happen.
That's why technologies such as the OPEN Platform are so critical. Millions of applications are waiting, like sleeping dragons, to incorporate the power of the blockchain in a scalable and secure fashion. From smartphone dating apps, to gaming apps to entire B2B ERP solutions, the possibilities are astounding.
Not only does the OPEN Platform provide a robust suite of tools for software developers, but it is opening the door to unchaining millions of existing and future applications. Centralized databases can communicate seamlessly with their decentralized cousins depending on the specific use-cases of the problem to be solved.
Ahead of us lies an unchained economy that is powered by innovation and ingenuity. Problems are best solved by utilizing the tools that can provide the most robust solution at the lowest cost. As more and more applications are unchained from their current technological constraints, more and more lives will be improved and even more businesses will thrive.
That's why we believe that the future is not a blockchain future, but instead an unchained future.
Hi
I'm here with the Open Platform ICO Bounty Program and it is an adventure! I've been doing a number of ICOs and airdrops lately and this bounty program is by far the most interesting.
As we all know, the crypto world is exploding. Compare today's crypto with a year ago and it is like day and night. I have a lot of cryptos with worthy causes on my plate to digest, but I am moving this project into the top 5 because of the stellar (no pun intended;) job your programmers have done. You have incorporated many diverse systems into your project seamlessly and I am a person who appreciates professionalism and excellance.
The OPEN Platform sounds really great and I will research it more to see if I want to go all out. In the mean time, I'm having a blast with the bounty program.
At the moment, the key factors in creating a high-quality blockchain platform are security, scalability and increased data transfer speed. And also close interaction with centralized classical spheres and companies.
Many projects ignore the whole complex and implement something in part, chasing profit. They miss important moments, and most importantly, because they do not care to be leaders of the market will have to return to solving these problems.
The very ambitious and successfully realized idea of the OPENPLatform team not only takes into account the solutions of these basic tasks, but also competently improves the block-level at all levels. Which undoubtedly gives them a huge advantage over other projects. The success of your team, I believe that OPENPLATform will be one of the most top blockchain platform. Thank you for making the world better!
good project
Very good project
Nice project to the moon
interesting record) It is worth to look at this)
good project
Good project..
Really looking forward for this project to grow #OPENPlatform
Really for the forward for the project to take over the cryptospace. OPENPlatfprm to the moon!
Nice Job
good project
Good project..
The smartest person I know loves this project!
Sounds good to me
nice info
Nice
Good project and cool foto!
awesome project I really want to be a part of it
Great
это технология будущего, рада, что являюсь участником этой технологии.
This project is carefully created and loaded with lots of benefits. It is the hope of all. No wonder it is widely adopted so fast and still soaring higher.
ernestly waiting for the ico
An excellent solution, I think there is a huge potential here
like it
Nice Read!
love this project,cant wait till launch!)
good project
Great!
Nice project!
good project
Very good project
Nice!!!
Nice Read!
Good project
Really wonderful and useful product. The development team is professionals.
Really looking forward to it
Great project! Well done!
Vere nice! Wish you good luck!
huge project, great team, tech job
I will do this pr for this project
very good project with great prospects.
Great projects with great vision, team and management 👍🚀🚀
keeping an eye on this!
Fasting is very good! Service is new and there is a very great future!
Best Project!
Good Reading.
This is a super project!
Great Project & Good Team
to de moon
indeed very nice project! cant wait OPEN Platform to be released.
Интересно было почитать!
Nice project
Thank you for info
Great Project
Good
Please go on your work , it seems really promising
Very interesting undertaking, am glad I've come across this project
nice project and good opportunity...
nice project and good opportunity
Nice Project and Good Opportunity! #OPENPlatform
Good
definitely it is one of the top most blockchain platform.
The project is promising. I have high hopes for you.
just do it
Good luck! Good idea!
Perfect project!
very nice
класс
Good day everyone!
Good job!
Happy to be part of this great project.
I love this openplatform
interested
very interesting!
awesome project
awesome project
great
Great project with great team behind this project...
Good project ! i like it ! :)
Great))))
Really ! Open Money - Best Platform!
excellent bridge between Open Money see what OPEN will bring Best Platform!
Great article indeed, i admit that blockchain has a very bright future ahead of it.
I agree that blockchain has a very bright future ahead of it, it`s an important moment of our ages
Most Excellent Project
nice
This statement summarized the whole article. The future is an unchained one.
Worth reading indeed!
ох какой же охуительный пост. никогда раньше таких не видел. а ресурс в целом так вообще огонь. все так пиздато лагает. а уебищный и не понятный интерфейс просто выше всяких похвал!
The article gives food for thought and is well written!
I like how Open platform gets everyone in from community members that spreads the word on different platforms till software developers/coders that can be used to help and grow all the different projects out there.
Open Platform will greatly boost the speed of implementation and development for these kind of projects/apps that are willing to integrate with the blockchain.
Open plastform bringing the unchained future forward!
Most Excellent Project
Thank you for the article. Very useful information and perspective.
Wonderful Project. Good luck.
Very good project , I like it
Great project!Success your project is sure
An excellent solution, I think there is a huge potential here
am really looking forward to this spreading and growing^^
I like
Exciting project! I'm in.
Goodluck project
To the moon
Its indeed a fascinating project, all the best for success!!!
The project makes it possible to minimize costs and this is good news for consumers
A forward-looking project that inspires confidence
good luck ! there are a lot to do !
The development of a successful hybrid technology will lead blockchain implementation on countless professional areas where accurate records and fast processing is a pinhole. Under OPEN clear vision, unchain Apps beyond economy, will become reality by Q4 2018.
I liked the idea of using Open in accounting for medical data. The patient's medical records can be safely stored and accessible by their primary care physician immediately after discharge. Very soon people will understand that this is the technology of the future. It remains not long to wait.
Cool !!!
The topics mentioned here are relevant for a future in technology, I believe in this Open Platform bet and think that the best thing is not the exclusion of a technology, but the collaboration and integration of different technologies to make better the solutions to the users Great article!!
I THINK THAT
Terrific project. Very nice.
Great Article and bright project!!
Great Project...I hope that I will win the contest....thanx
The Open Platform cannot come soon enough. Your programmers must have blisters on their fingers. Make more coffee!
It's an amazing project, hope you success!
The Open Platform is one of those things we have been waiting for. Excellent project and and very well executed sofar. Cheers!
Really looking forward for this project to grow
This is one of the best projects
How it is different than open source applications
I like this project!
Very good project, I'm glad to be with you
I think this offers an excellent bridge between the old world (current but changing world) and the new world that blockchain is ushering us into.
great article!
This is an excellent IСO, which for sure will be successful! wonderful article. My voice to you!
nice project
I'm excited to see what OPEN will bring for developers and how the markets will be disrupted :)
Bounty is still on for OPEN, if you see this, get in here and don't miss out: http://vy.tc/dr6XD94
Brilliant article!
Super
Great post
not surprized not that the platform named open in capital letters!
open money platform is doing a great job in the cryptocurremcy industry
While I agree that scaling solutions are desperately needed to safeguard adoption of blockchains at an enterprise level, it is equally important to ensure that the methods adopted to overcome these issues do not result in increased centralisation and reduced data security. This is a major dilemma faced by many proposed off-chain scaling solutions and is one of the main reasons why there isn’t an answer to this problem as yet. It will be interesting to see how OPEN intends to address this issue. Good luck to the team!
The open platform is certainly the smartest solution on the market today
OPEN Platform provide a robust suite of tools for software developers. Open platform is waht we need today. On-chain and off-chain solutions are both required for developers to create a real applications and software. Keep up the good work
Open 'll bring blockchain technology to the light!
I hope to see this project gain alot of traction!