Mofiler Network Opens New Decentralized Developer Platform to Take Data Science to Big Data

Mofiler is the First Decentralized Platform that will Enable Developers to Monetize their Ideas

There is a group of innovators who took a closer look at the world and realized that the diverse world of applications still needed a platform that will allow users to monetize them for developers. There thinking was, if they were able to share the data that users generated it would be a good way for the developers to be rewarded.

With this idea brewing, is what led to the Mofiler project, a platform that collects data from different individuals with the use of specific applications, and from here it goes ahead to implement the Data Science to Big Data. All this has been done with the intention of making some valuable information that will be made available to the customers at a later date in their profile as a service mode, or it could be in the form of private reports.

So what we are saying is, the platform will be analyzing the user-generated information with the use of an analytic eye from here the collected data will be grouped and later analyzed with the use of artificial intelligence tools. Then later this is sold to the market to the various companies that are looking to gain some competitive advantage.

Essentially the platform should be viewed as a decentralized platform that has been designed to gather and enrich the data that different devices create. The project has been designed to run on the cappital protocol, which is a very fantastic alternative for the various data hubs in the market, the likes of Google and Facebook.

Beneficial System

The application of the data gathered can vary, as we know having too much information will not hurt. As this data will help different ventures from businesses, commercial enterprises, the government, plus non-profit organizations to get a better understanding of the market. It will also support this ventures to understand better how customers react and at what times and what could be the cause of different reactions.

One of the members that started this project, Bryan Tafel, states that Mofiler has found its reason for existing in this developer’s quest of ensuring new business models are being created that can allow them to live off the profits they generate out of their products, which is the applications.

Mofiler will not stop here, as they are ensuring to partner with different application developers, who will help in the monetization of the value that the product is helping to generate. The data that is collected can get analyzed from different angles, that is other than the analytics merely drawing a conclusion, other information can be provided such as the behavior patterns, and hopefully, at a later stage, there will be some predictions conducted.

Fast-Growing Industry

There was a time that traditional advertising, direct sales, and marketing had dominated the industry, but all this has changed with the developments taking place. Therefore, the new kind of trend that most businesses are following is the data analysis.

As a result, it leads to the needed of proper systems and networks that have been designed capable of processing the gathered information and understanding it and ensure it is able to produce the required value out of it; it could be in the form of predictions, conclusions and a form of a hypothesis.

The Cappital Network

This is the network that Mofiler intends to use in the implementation of the project. The company is planning on creating an ecosystem that will be able to let users control the data that is available in the applications. Thus, this will be able to allow a large number of applications to be in a position to monetize these data assets.

With the design of the Mofiler project having plans of fostering an application developer’s ecosystem that will have access to the profile, it is definetly a project that will go places. The road they have taken on is very long that has many obstacles, but the team behind this project is very ready to take on the challenges.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,485FansLike
2,795FollowersFollow
4,262FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

VeChain Joins China Animal Health and Food Safety Alliance (CAFA)

VeChain has joined the China Animal Health and Food Safety Alliance (CAFA) as one of its council members and will be providing them technical...

Coinbase Pro to Pass the Rising Network Fees Onto The Customer During Withdrawals

The launch of UNI, the governance token of Uniswap DEX, is having a big impact on the Ethereum network. The good thing is the price...

Homeland Security Calls On Freelancers to Design A Digital Wallet Interface; $25k to Finalists

The Science and Technology Directorate (S&T) division of the US Department of Homeland Security has allocated up to $25,000 in prizes as an...

BoE Explores Negative Rates; Bitcoin Is A ‘Must' Because Fiat is a ‘Giant Ponzi Scheme'

The Bank of England (BoE) is exploring negative interest rates now and in response Sterling weakened sharply. The pound dropped 0.7% against the dollar after...

Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption'

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today