Blockchain Technology to Disrupt Internet of Things (IoT) and Artificial Intelligence (AI) Platforms

PALM BEACH, Florida, June 12, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Blockchain and artificial intelligence (AI) as well as Internet of Things (IoT) are now forming a new and innovative fusion for upending business operations across all industries in ways not seen before. This newest fusion into the AI and IoT world is believed to enable enterprises in creating dynamic, integrated business solutions and more importantly creating the possibility for delivering services faster and more securely. In fact, it's predicted that by 2030, AI infrastructure alone will be responsible for adding over US$15 trillion to the global economy. Blockchain technology operationalizes data, though instead of being dependent on it, blockchain serves as a distributed ledger on which data can be stored and encrypted. The result is a decentralized and secured database that is impervious to change. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Parateum Corporation (NYSE:TEUM), Seven Stars Cloud Group Inc. (NASDAQ:SSC), Xunlei Ltd. (NASDAQ:XNET), NXT-ID Inc. (NASDAQ:NXTD).

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS : Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is pleased to announce that is has launched a blockchain division to support and extend its multiple technology efforts. The blockchain division will focus on the use blockchain solutions to manage multiple lines of business and operate them with "distributed ledger" blockchain technology (DLT) as the underlying technology.

This technology allows digital information to be distributed, but not copied. That means each individual piece of data can only have one owner. It has also been described as a "digital ledger" stored in a distributed network, the information is constantly reconciled into the database, which is stored in multiple locations and updated instantly. That means the records are public and verifiable. Since there is no central location, it is harder to hack as the info exists simultaneously in millions of locations.

The blockchain will also seek to create partnerships with groups seeking to use Gopher technology for tokenizing tangible, valuable assets to be coupled with blockchain technology to store data and provide transaction history. The focus will be to provide traceability of data, tangible and proven value of an assets and scalable technologies supported by distributed processing capabilities.