How Nitro Network impacts every aspect of life
Thanks to IoT, global connectivity and the operability of devices with ease of data sharing across platforms are now inevitable. It offers an extraordinary range of functionality and accessibility from anywhere at any time, opening up use-cases that were previously unthinkable.
To make this revolution possible we need the perfect infrastructure with the bandwidth to make the entire process smooth and at the same time reliable and devoid of glitches. Nitro Network is designed keeping such capabilities in mind, as well as the goal of meeting this endpoint error-free.
Nitro Network’s product stack — A holistic idea in hyperconnectivity taking shape
Nitro Network is building a full-stack infrastructure for a decentralized private data network that will serve the needs of businesses and organizations of all sizes, ranging from basic internet service for a mall customer to high-speed content consumption, smart cities, autonomous cars, industrial Internet of Things, digital health, and moving robots with the lowest possible latency.
We are developing a system that may be utilized everywhere in the world. From under-utilized spaces in retail to building private telecom networks, Nitro’s world connects people, devices, and networks in one seamless interaction on a decentralized platform with its token NCash at the core.
The computing stack is getting a lot of love. Some decentralized apps are defined by backend code that runs on peer-to-peer networks in the current decentralized architecture.
The increasing initiatives to decentralize have had amazing success, but the current options do not account for scenarios where large amounts of real-time and networked data are necessary. Low latency and high throughput are not optimized for the distribution route. That’s where Nitro comes in, combining the best of all possible worlds in creating one, unified hyper-connected future.
The whole stack of the Nitro Network will provide three primary capabilities:
- To build a data and communication-grade private radio network for telecommunications.
- To establish a Micro Real Estate marketplace that functions similarly to Airbnb for micro spaces.
- To create a data engine that, like Google in the online world, will deliver differentiated insights about consumers.
This functionality enables several sources of value generation, all of which will be captured by NCash at the system’s core, driving utility and value as hundreds and thousands of use cases open up.
How Private Communication Networks (PCNs) are going to impact every facet of life and business
From a retail perspective to a much broader telecom perspective, the company’s mission of establishing decentralized private communication networks is to empower the community to construct, own, monetize, and use our networks in a transparent and decentralized environment.
Because fresh data can be broadcast into datastreams by anything or anyone on the network, real-time data from connected devices can be viewed by anybody on the network. It functions on many tiers as a telecom-grade private radio network for data and communication, generates use cases in the Micro Real Estate(MRE) market, and is backed by a data engine that generates actionable consumer insights.
Nitro Network’s mission of establishing decentralized private communication networks is people-powered. As such it allows the community to build, control, monetize, and use our networks in a transparent and decentralized environment, shifting from a retail focus to a much broader telecom focus.
One of the use cases in which we see the immense potential is under-utilized spaces in the micro real estate marketplace (MRE), much like an Airbnb of micro real estate. It may be used in any underutilized location imaginable, including malls, airports, supermarkets, hospitals, gas stations, warehouses, and even residences. Vending machines, micro warehousing boxes, micro rental units, cloud kitchens, digital screens, and other items are among the asset inventories. NCash serves as a transaction token for participants to earn money through network services.
What Nitro is trying to do by unlocking a $3 trillion opportunity
The new brand name, Nitro Network, symbolizes the scope of the company’s vision and aims, which include unlocking the $3 trillion industry of private communication networks and exploring millions of use cases inside it.
This hyperconnected world is the Internet of Things’ alternative to cellular networks. We think that our decentralized private telecom networks, which are built on a blockchain and powered by our own currency NCash, will be a game-changer with limitless use cases. We’re building an inclusive ecosystem that encourages users to own, run, and profit from future private networks.
It is Nitro Network’s goal to create a self-sustaining economic ecosystem by developing technologies that can support one another in the real world. Here are some common use cases we have identified:
Healthcare and life sciences will see significant advancements in automated diagnostics, E28 transmission, medication discovery, and development as well as clinical documentation, among other areas.
Banking & Allied Services
Banking and allied services will be significantly disrupted as a result of significant improvements in fraud detection, anti-money laundering, regulatory reporting, document extraction, payment reminders, follow-up real-time user verification, and other areas.
Travel & Transportation
With the scope of this technology, there will be a lot of improvement in travel and transportation with cargo management, travel recommendation engines, price forecasting, traffic congestion, management route, and rationalization.
In governance and non-profit, we will see tremendous up-gradation in disaster alerts, relief management, traffic management, weather forecasting, and also tax compliance
On the public utilities and resources front, load forecasting, demand management, and predictive maintenance will have a positive impact. While energy trading and consumption insights and analysis will both benefit with technical advantage.
Many aspects of agriculture will benefit from our technology. Real-time management of the stock is one such example. It will increase the visibility of food flow from farm to fork by keeping track of all information from seed procurement through harvest to POS system sale. Nitro will assist producers and consumers in assessing, monitoring, and reducing the hazards that are causing so much grief in India. With these increased visibility initiatives, the agricultural industry stands to earn major operational advantages.
Data extraction, data validation, breach detection, client risk profiling, and other areas of financial services will get enhanced. Media and telecom, on the other hand, will benefit from network operations, predictive maintenance, fraud detection, and customer service feasibility.
Nitro will also play a key role in procurement, particularly in the development of demand forecasting, payment processing, goods receipt and confirmation, e-auctions, contract administration, and other allied areas.
The steady deployment of Nitro Network infrastructure will ensure that ultra-high mobile connection is available, affordable, and accessible to enterprises, homes, and offices, as well as businesses. The expanding pool of service providers will benefit from the new economic prospects created by these offerings.
Our adapters and members will gain from exchanging NCash simply by connecting, participating, and networking and they will be happy to be among the early backers in the building of a fully decentralized, secure, and ubiquitous private data network.
Private networks designed and built for specific businesses provide chances to maximize performance and service delivery in ways that are difficult or impossible to achieve through conventional cellular, wireline, or Wi-Fi service offering. The provision of customized services — that is, services unique to the customer and suited to business and operational requirements — is an example of top-line commercial value to organizations, and Nitro Network will be leading the game.
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