Newton Project: Blockchain Protocol Economy & Hyper Exchange?
What Is Newton?
Newton is a platform that aims at achieving a protocol-based economy that everyone can directly benefit from through economic growth.
The community economy that the project seeks to introduce is run and managed by non-profit foundations and therefore replacing the centralized intermediary platforms that are run by traditional, for-profit organizations. The rules of the economy are transparent, fair, and rational. Therefore, all the participants of the economy can benefit can contribute and benefit from it.
Newton Blockchain Protocol Economy & Hyper Exchange Components
The project has a Hyper Exchange Protocol that integrates various components that aim at building a new kind of decentralized ecommerce ecosystem. The components include:
This component will offer users with their own digital identity that they can use to control and manage their digital assets such as cryptocurrencies.
Supply Chain Ledgers:
Commodities on the Newton supply chain will also receive a digital identity, which will store information about the products and their operation on the Newton blockchain. The Newton supply chain implements smart contracts that helps in setting trading rules, which might prove useful in insurance claims and property right transfer.
Digital Marketing Tool:
The protocol will benefit advertisers undertaking in digital marketing as they can set marketing plans using the in-built marketing smart contract templates found in the system. The templates range from incentive modes, settlement modes to dynamic price adjusting rules. The HEP will also help advertisers in carrying out market research before they undertake marketing activities and the analysis of results, after the marketing activities.
Additionally, the project has a Newton trading and payment platform whose purpose is defining user transactions through the in-built smart contracts templates that are compatible with multiparty transactions. The platform provides online and offline tools that can support cross border transactions, lightning settlements, and micro payments.
The physical tunnel protocol implements NewChain and NewIoT technologies. The protocol helps third parties in manufacturing safety equipment according to the protocol specifications.
Through the protocol, application developers can define smart financial contracts and the system will automatically match the smart financial contracts on their behalf and therefore complete the transactional matching.
NewNET IO Protocol:
It contains storage services, computing services and domain names that help developers in developing applications in fast and innovative way.
Newton Project Structure
The Newton project operates using NewChain that consists of main chain and sub-chains structure. The main chain manages the accounts, Newton Token, and the sub-chain while the sub-chain supports the hyper exchange protocol, data structures, and consensus mechanisms. It also has a DAI (Distributed Artificial Intelligence) that connects the users such as data suppliers, developers and operating system providers.
Newton Project Benefits
Ownership Of Data:
The project utilizes cryptography that helps users in securing and controlling their data. They can earn profits from the data and manage their personal credit.
Users can create personal credit in a free and open way without having to involve human intermediaries using blockchain technology.
Through the elimination of intermediaries using the technology protocols, the transaction costs will be lower and the participants of the transaction such as consumers and service providers will receive rewards.