This is a previous article about one of my favourite new technologies coming up quickly in the background. I will post more on NeuroChain in the near future or visit their website for the Whitepaper and more, link will be below.
23 January 2018 | Yves LEPORCHER
Now it’s time to create value.
Let’s consider a quick case. The pharmaceutical sector is facing huge challenges. How can a small shop boost its income? Consider the current pharmacy sales data. Use a clustering algorithm to identify patterns. Add the climatic open data observations to improve the algorithm and notice product consumption related to weather change. Improve the approach, and add epidemic surveys. Now you observe hidden criteria thanks to the model. More than a hunch, you have a scientific approach to boost locally your marketing campaign on certain products. If required, you can ask the Bot to list you the expected top 10 medication per profile and per probability of meeting the clients clustered by groups in the algorithm. More than marketing, you have a better storage management, an improved supply chain (chain of Bots).
Become the maker of a better future
If you are really motivated, you can create a small intuitive Bot that prepares the order to your supplier based on this recommendation algorithm. You may publish your program on the NeuroChain network. You get paid each time someone uses your program (or provide it for free!).
New ways of doing business
The advent of cloud computing is a fantastic opportunity for new ways of doing business. Data may be used worldwide, programs ran anywhere, and new instances are available in a matter of seconds. Last year’s champion was Amazon. This year, Google seems to be able to deliver solutions in less than five seconds, with the help of new technologies. So how NeuroChain does expect to be tackling these titans? After all, the solution already exists, is known with real professionals behind it.
NeuroChain does not target Cloud solutions as enemies. The opposite however is much closer to the reality. Cloud computing allows the instantiation of containers that run a given program or system in a matter of seconds. Therefore, NeuroChain may definitely use the professional level of these teams to implement NeuroChain on a large scale at low cost. The interest of these companies is fairly simple. Bots generate tokens when they validate a transaction. The owner of these Bots get the reward. Hence they have an economic incentives to work with NeuroChain.
What about open data?
Most of the governmental agencies are pushing forward its institutions to publish the data they collect, and unleash their full potential. Unfortunately, these data are often in a format hard to use, in sparse locations, with few people knowing they even exist. With NeuroChain, it is easy to specify through a simple program:
Where is the data
What is contains
What are the constraints to access it
How to access it thanks to a simple program
No need to spend hours to create an API, just mention the format, and the network is acknowledged of the existence of the data (Intelligent Applications).
Congratulations, you just changed job. From pharmacist, you became the maker of a better future. Without knowing it, you used referenced open data, a container and a Bot. Did you need a Ph.D. in bioinformatics?
Photo credit: Splitshire