Blockchain In Communities Through Monet

in #cryptocurrency6 years ago (edited)

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Changes are often uncomfortable. They disrupt our comfort zones requiring us to adapt to the new experiences they bring. However, more often than not, these changes are implemented for growth. The internet was and remains one of the most iconic changes that has ushered in an age of information exchange, which has led to rapid growth in different economies as a result of the efficiency and convenience provided. Blockchain is the other change that has the potential to place itself in the books of history as the other great change in communication.

However, for this to happen, a few improvements are needed. Monet is proposing an ad-hoc blockchain approach to help blockchain overcome its current problems. This is a change in the direction that most blockchain protocols were taking. It may however prove to be the catalyst that future blockchains could be modelled after if its execution is done to perfection.

The ad-hoc proposal made has the potential to change how we interact with each other within a limited area. Various applications could thrive from such a set up. From gaming to gambling, mobile ad-hoc blockchains may be the best solution. Monet’s proposal, simply put, is to have a platform that allows the formation of temporary blockchain networks based on the tasks they want to accomplish without fully delegating control and responsibility to third parties. Monet’s proposal also contains the removal of servers from handling data generated from ad-hoc blockchains.

The use of servers contradicts the trustless nature of blockchain, which is to run systems in a decentralized fashion. Monet’s services will be executed through wireless networks such as LTE-Direct, Bluetooth and Wi-Fi. This means that its services will be restricted to a particular radius based on the strength of the wireless network in use. The number of devices that can access this service will also be constrained by the type of wireless network selected.

This article explores how useful Monet’s platform could be in forming community based blockchain solutions that can serve users within a given area. It explores factors such as shopping, supply chain management, financial services among other possible services.

Communities

Decentralized applications have been steadily increasing in the past few years but they have failed to attract communities beyond tech and blockchain enthusiasts. Blockchain is envisioned as a future universal platform but the types of services that are currently being offered through the protocols available are preventing other communities from joining the blockchain movement.

Monet’s platform can be adopted to serve communities based on the proximity through users’ areas of living, for example; communities based on estates or a group of apartments. Developers can then curate applications that can best serve communities created from such methods. Monet has the potential to connect entire communities based on the wireless network infrastructure available. The only input that is required is innovation from developers to come up with exciting applications that can attract community members to the blockchain platform.

Social Media

Nothing brings communities together like good communication as has been experienced through social media platforms such as Facebook and Twitter. They have been the cause of some major changes in the world including the Arab revolution that resulted in much needed progression. The #MeToo movement was also an inspiring example of the impact that social media can provide.

Social media is however flawed especially when it comes to privacy of user data. This has been a bone of contention that has even reached the European Union parliament. Blockchain can step in and help secure social media platforms providing users with the level of privacy they are entitled to, however, blockchain also has a few weaknesses in certain areas. The challenges of scalability may inhibit effective services of DApp’s based on the protocols that are currently available. Monet’s solution covers all areas from convenience to privacy such that every user will feel like a part of the community through social media.

Communities can be brought closer together especially through Monet’s ad-hoc approach. Entire estates or gated communities may link up to form an ad-hoc blockchain where they can safely use the social media apps that have integrated Monet. Safety, efficiency and privacy are all guaranteed under Monet. It becomes even better considering there are no servers or reliance on any third-party service therefore nothing gets leaked and everything can be audited where need be. This could also help increase security in such areas. The closeness of communities through the ad-hoc blockchains created makes it possible for people to raise alarms quickly in case of any form of danger they might come across. Developers can come up with features that make it possible to quickly raise alarm showing the location of impending or ongoing danger.

Trade

After bringing communities close through social media, the closeness can be leveraged to promote trading within members of this community. Online sales can be a great way of making community members beneficiaries of the products they produce and sell. Local trade is as important as trade beyond a community’s borders. DApp’s can be centered on making trade within communities as efficient as possible. These apps could host a variety of products and services. Developers may even opt to put in a barter trade system depending on the agreement made by the trading parties.

Monet’s platform is arguably the best platform when it comes to safety, security and efficiency in trading. Features such as Babble and Inter-Blockchain communication ensures that DApp's integrating Monet run in an transparent manner such that every transaction carried out can be traced. Community members will therefore be encouraged to form their own ad-hoc trading blockchains or even one ad-hoc blockchain for the entire community if wireless technology allows where they can give each other the best deals. These DApp’s can also have user location such that once goods have been bought they can easily be delivered to owners based on the information submitted in those ad-hoc blockchains.

Gaming Experience

There are not many activities that can illicit social positivity like gaming events. Games have the ability to create an exciting atmosphere that the players and audience are likely to appreciate. Monet’s mobile ad-hoc approach has all the ingredients necessary for community gaming. Participants can just come with their smartphones linked via a wireless network with supporting DApp’s that will allow them to play with each other or against each other. Users can play from the comfort of their home or literally from any place as long as their gaming devices are connected. Users can trade securely and privately based on Monet in order to obtain gaming items.

Different genres of games can be hosted under different ad-hoc blockchains to cater for diversity in the community. Games such as Bingo that are popular with the older generation can be played via Monet securely with winnings being distributed as agreed by the participants. Gaming through Monet will also be efficient through the various mechanisms that Monet has put in place which allows its platform to scale effectively providing TPS rates that can handle gaming effectively.

Monet can add a security and efficiency to the new generation of games that are gaining popularity at a very fast rate such as Fortnite. Developers can work on exploring the gaming experience beyond the screen by taking inspiration from games such as Pokémon Go. Monet would make such games better as they would not rely on any centralized servers. This would make them safer to play and to trade in. Furthermore, gaming items are likely to be priced fairly as compared to platforms that rely on third party service providers.

Interactive Education
Schools are also an essential part of the community as they are responsible for nurturing the future of the world. Education is getting more advanced and more hands on as learns are eager to experience what they are most enthusiastic about. Schools and universities can adopt DApp’s integrated with Monet to have their own unique mobile ad-hoc blockchains tailored for their institutions. Customized learning experiences can be made by developers in conjunction with teachers to ensure that students get the best learning experience that technology can offer.

Monet can integrate learning beyond basic applications by integrating options such as virtual reality as part of their teaching methods. These devices can be connected via ad-hoc blockchains created through Monet and customized through applications guided by teachers.

Voting in The Community

Monet can also help create a foolproof voting system based on DApp’s. Voting can be made efficient, secure and trustworthy through the use of mobile ad-hoc blockchains. The DApp creator can work with the governing bodies within communities to come up with the criterion that describes a voter within the community. These criteria can then be used to accept or deny a participant entry into the voting ad hoc blockchain.

All types of voting can be carried out using this method, right from voting in school representatives to government officials within that area. Since Monet stores data within a user’s device, the results obtained from the elections can be stored immutably in all devices. Anyone would therefore be able to verify the results obtained thus increasing the transparency of elections within the community.

Strengthening Communities

Monet can be used by different DApp’s to strengthen the bonds within communities by creating wholesome and transparent interactions that users will appreciate. One of the most worrying things is inadequate trust amongst traders where one feels short-changed for the services they received. This direct method of communication without any reliance on third-parties will give both sellers and buyers an in-depth understanding of what they both require from each other.

Communities will become closer through online and offline bonds via the many gaming apps and social apps that can be supported by Monet. The ad-hoc approach will help create many events that require participants to come together which is important for social growth.

Monet is a strong contender to lead blockchain in taking over all system operations in the world; it has the technical capabilities to do so. The mobile ad-hoc system is suitable especially at a time where mobile devices have become powerful enough to support blockchain features with enough memory to store blockchain data. Furthermore, there are blockchain mobile devices being made which would best serve platforms such as Monet. When coupled up with the tokens set to be used as rewards for mining and other activities, Monet stands, arguably, as the best option available for blockchain going forward.

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Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advise in any situation. Please remember to DYOR before making any decisions 🤓

♂️ Hi, my name’s Sal.
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