Quras: Blockchain Smart Contract for Clouds and IoT Privacy?


What Is Quras?

Quras is an online platform that mainly focuses on smart contracts and crypto-tokens and utilizes blockchain technology to create a secure and anonymous platform where users can share data amongst IoT devices. The data is then integrated with machine learning, which will result in more responsive and intelligent IoT devices that can collaborate with other devices.

Quras support a wide variety of IoT devices such as Home appliances, Medical appliances, Educational appliances, Audit Programs, Sportswear, Loyalty card programs, and services. Additionally, the big data analysis services offered by Quras have use cases in various industries accounting, online storage healthcare, finance, governments, gaming and many more.

For example, in the accounting sector, the Quras technology can automate processes, prove ownership of particular assets, trace transactions using timestamps linked on each block, or ensure that accounting statements are secure and not tampered with.

How Quras Blockchain Smart Contract Works

Quras records its database in a chronological manner within its network so that users can access data at any time and from anywhere. Users of the platform will have full access to their data storage and assets through the smart contracts.

Quras will implement Zero-knowledge proof properties to ensure that users of users of IoT devices remain anonymous. Quras will also facilitate anonymous transactions when using cryptocurrencies as well as traceability of the transactions, which is attributed to the secret contracts. The transaction fees are distributed using a distributed network that encourages coexistence of the community.

Information obtained from Quras’ secret contract is stored in a file storage system that prevents the information from falling into the hands of unauthorized individuals. In the future, the platform will have a big data function that works cross chain to increase the privacy through privacy payment, privacy operation system, and DAGs.

Moreover, Quras will include decentralized applications, which will promote the Quras protocol and serve as a use case model for the platform. The Dapp will incentivize users by rewarding them with QurasCoins for simply taking a walk. The Dapp also features games and social activities that encourage users to interact with other online users or make cryptocurrency payments to other users via messenger.

Quras Benefits

Scalable

Quras is a scalable platform that supports effective operation of dApps and creates a decentralized society where the token’s transaction fees are distributed between token managers and other platform users.

Reduced Costs

Quras reduces the overall costs used in collecting, storing, and analyzing data from IoT devices, as there are not restrictions on who can participate in utilizing the big data through using the QURAS token or creating their smart contracts on the Quras blockchain.

Security Of Data

The data collected by Quras can be used to sign the contracts between the users and their IoT devices, which results in the IoT devices always generating data that is trustworthy and always secure.

Effective Collection Of Usage Data

IoT device software developers can use Quras to collect usage data for their devices and send themselves the data in an analytics structure. The developers can then use the data to enrich their models without reliance on a central server that is prone to attacks or hacks.

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