With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Authoreon, a decentralized blockchain technology powered authorization, authentication, verification & certification and thus securing previously unsafe instances and functions has arrived.
"The use of blockchain technology is at a very early stage right now, but it is increasing at a rapid pace. The blockchain is useful in many sectors like retail, banking, voting, insurance etc. One such aspect is the use of blockchain as an authentication provider.
Blockchain uses the key-pair for the users to register their identity. The personal information is stored in form of hashes which can be used for several identity-related attributes like name, unique identity number or social security number, finger-print or other biometric information.
After that, the user can request a recognized party to verify the hashes by authenticating that the information provided on the blockchain is true. So now whenever someone requires user’s identity for any kind of authentication or identification mechanism, they can use the hashes of the block pre-verified by the trusted recognized party."
With that being said, Authoreon will enable a holistic self-managed identity and an allover traceability of products through the supply, retail and ownership chain, and it aims to prevent fraud, cyber-attacks, material and immaterial identity theft, counterfeits.
Now that I have your attention, let’s get right to it.
What exactly is AUTHOREON?
As depicted above and as indicated on the official website of AUTHOREON, Authoreon decentralizes authorization, authentication, verification and certification and thereby protects previously unsafe instances and functions.
Authoreon solutions prevent fraud, cyber-attacks, material identity and intangible thefts, and they provide full traceability for providing and chain ownership.
About The Architecture
The general architecture of the Authoreon platform includes several components that use the properties and characteristics of blockchain, cryptography, AI, and maximum permutation, authorization and security tracking.
Authoreon achieved this by creating two separate overlay protocols at the top of the block chain: synapses and key access levels.
This three-layer architecture provides ownership and decentralization of authorization through contracts using smart applications in combination with interplanetary databases (IPDB) and interplanetary file systems (IPFS). All transactions of the Authoreon platform will be determined by an application-specific token, Autoin (AUTH).
Authoreon is based on open sources, sensors and innovative open source genetic platforms and distributed ASUS platforms that provide a complete virtual ethernet (EVM) machine, enabling the implementation of a smart contract.
In general, a blockchain is a distributed database that allows you to use a book of assets and digital transactions that are distributed among distributed user networks and, thus, can be solved. Using advanced cryptography, the block chain allows each network member to safely interact with digital registration and without the need for central authority. Since each network member stores a copy of the block chain, and all previous transactions are permanently fixed before they can be added, it is very difficult to change or delete the data in the block chain.
Whenever a participant wants to add assets or transactions to block all other network members, perform an evaluation algorithm to verify the transaction. If most sites agree that the transaction is valid, then the asset or transaction is authorized and written for blocking.
Blockchain Etaceum achieves consensus using the Proof-of-Work algorithm, which uses hash functions to create conditions in which each participant is allowed to identify conclusions about the information being transmitted. Then the results can be checked by all other participants in the system. The wrong result is excluded by the hash function parameter, because it will not be considered.
The Authoreon platform uses several components of blockchain, artificial intelligence and cryptography to achieve the goal of providing security, privacy and independent authorization. Authoreon adds two overlay protocols on top of blockchain network called synapse and the access lock. Authoreon smart contact utilizes the power of interplanetary database (IPDB) and interplanetary file system (IPFS).
Synapse protocol is a smart authorization contact which automatically verifies identity data from the stored data. Smart contact is the product of ethereum blockchain which is automatically executing protocol which functions according to the defined set of rules. Smart contacts bring transparency, trust and security. Synapse protocol layer automatically verifies the data with authorization access from the stored data. It creates temporary access for authorisation during each verification. With synapse protocol blockchain transaction performance can be increased.
Access Lock layer acts as a gatekeeper while processing the requests. It grants temporary access to synapse layer for the authorized requests. Authoreon implements 2² key algorithm to provide access by generating static and dynamic temporary keys. It is worth to note that this method is more superior than two factor authentication. Access Lock layer uses proof of stake consensus algorithms to prove ownership stakes by digital signature method.
The Authoreon solution platform will be available through a graphical graphical GUI application (GUI) that will be optimized for MetaMask, but will work in decentralized browsers (for example, Mist).
All the functionality of the platform will be fully reflected in the mobile application (for Android, iOS and Windows) to enable the functions of key authorization, interaction with mobile devices and wallets.
Smart contracts, like-service
The platform will offer many modules, each of which will handle different uses, each of which will operate under Smart-Contract-as-aService (SCaaS), each of which has different processing speeds and costs.
Plugins, API, and Marketplace
In mid-2018, plug-ins and extensions will be available for third-party systems, the platform will be examined using the API with a 2² protocol for external developers and will include markets for third-party extensions.
Token & Crowdsale
Authoreon strives to be at the forefront of authorization locking. For this purpose, Authoreon offered this original coin offer (Crowdsale). Participants send funds to the Smart Ethereal Contract. Smart Contract displays a direct token and sends it to the user's online account. It is available for output at peak hours. Upon completion (the total duration or the maximum token is issued). Ethereum funds are then transferred to a coffee purse with several sigoyines.
ICO Authoreon aims to raise funds from a minimum amount of $ 500,000 to a maximum of $ 34,000,000 due to events, current cash flows and scalable marketing needs. 1 Autheon token (AUTH) will be available for ETH 0.00133333. Contributions are accepted only in the ETH only at this time. From 25% to 5% of the bonus in the automobile token offered to the original depositor.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Read Whitepaper: https://www.authoreon.io/Authoreon-Whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=2125495
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.