OriginTrail is Decentralized Knowledge Graph Tech
OriginTrail is a global data standards based DECENTRALIZED KNOWLEDGE GRAPH building middleware which guarantees data creators retain control over who may access the data they choose to share.
What is a Knowledge Graph?
- A Knowledge Graph is a way of organizing data in terms of the relationships between items of data. This is the technology that facilitated the meteoric rise of Google, Facebook, and Amazon.
- Knowledge Graphs are typically built on top of databases
• A database contains minimally structured data
• A Knowledge Graph organizes data by defining relationships among data in flexible, expansible ways to provide context which makes the data USEFUL
What are knowledge graphs used for?
- Increasingly, EVERYTHING
- Knowledge Graphs underlie many of the innovative data based services and applications many people nowadays rely on
- Knowledge graphs are the foundation for AI
- Knowledge graphs allow enterprises to gain advantage and remain competitive by recognizing and leveraging patterns and insights from volumes of data produced in the course of business activities
- If “Data is the new oil” knowledge graphs are refineries distilling data into the fuel powering digital life
Knowledge Graph Comparison : Google vs OriginTrail
Google :
Attained a globally dominant position by taking all the data it could possibly find on the internet and making it searchable by indexing it. Fundamentally underpinning the many services and products Google now offers = a vast PRIVATE, PROPRIETARY knowledge graph mapping inter-relationships among disparate data sets. Only Google gets to select what data gets indexed and who receives permission to access the resulting knowledge graph. Google’s knowledge graph resides on Google’s CENTRALIZED servers, meaning Google retains exclusive total control over it.
Google makes $ by selling conditional access to insights derived from their knowledge graph and building products on top of it.
The data underlying Google’s knowledge graph is increasingly sourced from data creators using Google products and services without specific awareness of what data exactly Google collects, nor any easily accessible way to audit data collection or any awareness or permission control regarding to whom Google sells the data
In terms of individual privacy and sensitive business / state data this poses an increasingly urgent concern for everybody in the world except Google.
OriginTrail :
Provides a global data standards based utility by which all individuals and institutions can mutually benefit from collectively contributing data to a PUBLIC knowledge graph within which each party exclusively controls who may access the data they have contributed. Participants only contribute data they explicitly wish to share. The OriginTrail knowledge graph resides on a network of DECENTRALIZED nodes incentivized to hold the data through market mechanics underpinned by a multi-cryptocurrency ecosystem (DOT, ETH, SFC)
With OriginTrail, data contributors are empowered to sell conditional access to encrypted data directly to those who propose to utilize it, thereby personally benefitting from their own data contributions (whereas Google does not compensate data creators for the value they extract and sell to 3rd parties).
Because OriginTrail is OPEN SOURCE anybody can build applications on top of it to suit whatever purpose they have in mind.
Why OriginTrail?
- Recent events make increasingly clear the problematic nature of entrusting monopolistic, private companies with exclusive control over the sensitive data of billions of people, businesses, and governments. Political pressures and self interest introduce significant counter-party risk and vulnerability for parties electing to share data by entrusting it to Google / Facebook / centralized Big Tech or relying on the services these companies offer.
- Looking ahead it’s reasonable to anticipate frustration with the lack of transparency and accountability in the processes behind such centralized services will persist, even while most of the world’s people and institutions nonetheless now rely on them.
- Globally scalable solutions to this conundrum specifically engineered to guarantee data sovereignty & privacy thus preventing dangerous consolidations of unaccountable power from persisting while delivering equivalent or rather better functionality are urgently needed and sought.
- OriginTrail has received numerous grants from EU state aligned institutions to facilitate the rapid development and deployment of such solutions, which have taken the form of the OriginTrail DECENTRALIZED KNOWLEDGE GRAPH offering a robust, neutral, secure alternative to the security and privacy compromising aspects of centralized knowledge graph based services.
- OriginTrail is closely partnered with many of the most imminent institutions working cooperatively to realize the vision of a decentralized, human-centric Web 3.0 including GS1, BSI, the EU Commission, World Economic Forum, Oracle, Parity, and others.
- OriginTrail is built from the ground up to leverage global data standards established by GS1 and W3C to ensure maximum interoperability, neutrality and forward compatibility.
There’s a LOT more a person could learn about OriginTrail and the many use cases currently deployed or under development with globally engaged partners including work involving end-to-end supply chain tracking, realtime credential verification, IOT hardware, data portability, digital identity, factory audits, data markets, import/export, product virtualization, consumer engagement and more but the point of this article is to offer a brief high-level overview of the OriginTrail DECENTRALIZED KNOWLEDGE GRAPH value proposition for crypto investors to consider.
FOR MORE INFO:
https://origintrail.io/
www.origintrailexplained.info
https://www.youtube.com/watch?v=k71nGClMFEo
OriginTrail TELEGRAM :
Official : https://t.me/OriginTrail
Community / Price Chat : https://t.me/OriginTrailCommunity
OriginTrail currently trades on Uniswap, Bittrex International, Nash, and Kucoin
ticker : TRAC
