We live in the big data world. In the past, it wasn’t very noticeable but this fact became obvious since data storage devices are getting cheaper and internet connection faster as well as more affordable than ever.
The approach to large amounts of information has become quite different.
Everyone needs it nowadays. But big data storage, management and security systems do not meet the modern requirements. It is too difficult to access the data and the cost is too high.
The emergence of the Blockchain with a decentralized system of information storage has encouraged many people to try and solve these problems with its help.
It is hard for start-up companies to compete with giants like Amazon, Intel and Microsoft with their cloud services and data centers. Therefore, they turned to the crypto community for funding. That is how many Big Data ICO projects appeared.
So what are the advantages of using blockchain technology in big data and why big data ICOs can be successful?
The selection of storage and processing capacity is transferred to the customer. This results in the more efficient management of resources which reduces costs and increases the speed of reading, writing and processing data. The distributed ledger allows to simultaneously record information on different types of storage and makes bookkeeping honest and transparent. This type of ledger keeps a precise log of who provided the storage to whom as well as the amount of storage and type of data stored. Also, use of smart contracts allows customers to pay service bills automatically.
At ICO Pulse we present to you important information and detailed description of each Big Data ICO startup. Here you can get acquainted with the main idea of the project, the way of its implementation, the team behind it, financial details and project roadmap. We provide links to whitepaper and all contacts for big data ICO developers.
We particularly point out projects using artificial intelligence (AI Big Data ICO). The main reason for their popularity is that artificial intelligence requires large amounts of data for their work and training. Therefore, the team should a priori create an effective system.
Additionally to help you make a better decision we provide a 10-grade scoring system which is used by our experts.