Data is the building block for all information around the world today. The problem with such great amounts of data is its validity. Truthful data is very difficult to obtain. Because of the widespread of information across the internet, finding information which is honest and credible is becoming more and more difficult.
Before the internet revolution in 1972 in the American society about 46% of the population was willing to trust each other. During 2012 that number plummeted to only 32%. Luckily, the blockchain revolution introduced the ability to validate data without having to rely on a third party.
SCRY.INFO is an open source protocol designed to make it possible to utilize the blockchain to improve data integration, introduce swarm intelligence, and predict authentication of honest data.
The CEO of SCRY.INFO is Eva Foo who used to operate 5Ufarm, a blockchain service system used to supply organic food to customers. The use of blockchain in this system managed to produce profit but all efforts of developing 5Ufarm were put on hold when a typhoon highly influenced the revenues.
From there Eva decided to focus on applying this technology to a less “nature dependent” system with a reduced risk of failure due to unpredictable natural occurrences. The solution was created in the form of an open source platform known today as SCRY.INFO.
SCRY.INFO is extremely complex. Its methods of interpreting data, judgment and analysis are completely revolutionary and give its users the ability to sort out and verify credible and authentic data. All of this is accomplished through the use of smart contracts.
According to Eva Foo, the purpose of SCRY.INFO is to introduce the blockchain technology to more industries and make it a standard which can increase efficiency while driving profits up and lowering costs at the same time.
The biggest difference between their project and other projects is that SCRY.INFO already has a functional module in place as a basic data protocol layer. This means that the funding is needed for further development of the project rather than developing a project which hasn’t been started yet.
As more funding becomes available, more open source code will be released to the public. The roadmap of SCRY.INFO is estimated to release a new module every 6 months and have all functional modules of SCRY.INFO completed by 2020.
One thing is certain, finding credible data has become extremely difficult. False information and data have populated the internet in a huge way. Countless dollars are being funneled every day to determine what data is false and what data is reliable by companies every day across the globe.
If SCRY.INFO is capable of doing what Eva Foo is suggesting the modules can do, then investing into this into it should be a no-brainer. The problem is that there is no way to guarantee its functionality, even if a few small modules are already released. We are somewhat expected to trust the developer team and the creators of SCRY.INFO to deliver on its promises.
The greatest application that we can see for SCRY.INFO is throughout the bank industry. Imagine being able to validate any data nearly instantly in the financial industry? The value of such technology is immeasurable but at the same time, the ability to do so is very questionable.
Eliminating that third data validation party would save countless amounts of money for in any industry. SCRY.INFO has the potential to become an industry standard as long as they can deliver on their promises. We will certainly keep our eye on SCRY.INFO and urge you to do the same.