Pirichain aims to simplify Blockchain use

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Pirichain introduces a new environment to further advance the increasingly mainstream blockchain technology. With its simple and adaptable ecosystem, Pirichain enables users to securely store and analyze data, create personal ecosystems and make data-driven decisions. Essentially, this platform provides a comprehensive solution that seamlessly integrates with external environments such as APIs and web services, meeting individual and corporate needs. It allows crypto investors, Web3 developers, companies or public technology entities to easily establish their own ecosystems compared to other blockchains. It transforms blockchain technology from being a purely financial instrument to an automation infrastructure that can be used across almost any industry.

What are Pirichain’s innovations?

In an age of information overload, establishing the reliability of sources is critical. Blockchain applications go beyond simple transfers and transactions and have the potential to solve this problem. Pirichain introduces a new solution by providing verified data from trusted senders through a “The domain” (DNS) based evidence system called DVPA (Domain verified PIRI address). This innovative approach ensures the authenticity and integrity of the data, increasing trust and transparency in the blockchain ecosystem.

Wallet owners can become approved senders by defining representative authority for their domain addresses. While a domain authorization can be granted for a wallet address, multiple representative definitions can be made within a domain record (DNS). This allows businesses and institutions to establish multiple verification systems with multiple domains or subdomains. In addition, the system ensures tamper-proof integrity by having transactions approved by independent parties, while data is immediately backed up and verified across multiple servers. Institutions also have mechanisms in place to verify their own addresses, which ensure that the system’s interactions are transparent and clear. Furthermore, the Pirichain Wallet Address, which can be verified and provided by all types of users, improves the overall reliability together with the domain’s URL.

Pirichain not only provides businesses with a secure way to store and execute data, but also enables them to gain meaningful insights. The dynamic consensus model, another innovative approach introduced by Pirichain, allows companies to establish custom rules among server nodes, promoting collaboration and flexibility. Businesses can use Pirichain to create their own data ecosystems and encrypt their data along with asset transactions. Either in an internet or intranet environment, it becomes possible to establish an ecosystem and sub-ecosystems.

Pirichain is committed to serving almost all industries. Some of these industries include healthcare, agriculture, education, law, manufacturing, public transport, logistics, finance, cyber security, smart city, artificial intelligence, gaming and IoT/IoMT. It eliminates the hassle of following different integration procedures for each of these industries and enables data exchange through APIs and Pirichain Smart Scenarios. This ensures seamless integration and data interoperability across different sectors.

Pirichain also introduces a concept called “Pirichain smart scenarios” as part of its offerings. While smart contracts have gained popularity in the market, this concept brings new features and expanded usability. A notable feature is that Pirichain Smart Scenarios can be written in JavaScript or TypeScript, providing flexibility for developers. Another feature is the ability to manage multiple assets within a single scenario. However, the most important feature is the seamless integration of data exchange with external web services without the need for additional libraries. This ability opens up almost unlimited possibilities for any business, individual or institution seeking to build a data ecosystem using blockchain technology.

The ICO process will continue until the end of June 2023. As for the short-term goals of the platform, investors can participate in ongoing public and private sales, which gives them the opportunity to acquire Pirichain tokens at advantageous prices. In addition, Pirichain aims to pursue listings on tier-1 and tier-2 exchanges, with the intention of increasing accessibility and liquidity for token holders.

What does Pirichain plan for the future?

In terms of long-term goals, Pirichain has ambitious plans to improve its data processing and analytics capabilities. Within a year, it aims to implement data mining methods such as pattern recognition, clustering, data preprocessing, logistic regression and others. The platform will also include artificial intelligence techniques such as artificial neural networks, genetic algorithms and reinforcement learning.

Pirichain also plans to continue its efforts to be listed on Tier-1 exchanges to increase its market presence and visibility. In addition, in order to demonstrate its ability to solve complex blockchain challenges, Pirichain intends to publish informative content on Pirichain Smart Scenarios and collaborate with software companies, IoT manufacturers and organizations to facilitate education and adoption, thereby offering wider use cases. Furthermore, Pirichain aims to improve the stability and usability of the ecosystem by partnering with enterprise stablecoin providers, as stablecoins play a significant role in this industry.

However, it does not stop there. Pirichain aims to improve AI-driven decision-making processes by integrating artificial intelligence and blockchain concepts to uncover meaningful data insights. The platform wants to be a pioneer in the future development of the internet by embracing new technology.

Ultimately, Pirichain aims to establish itself as a trusted global platform for secure digital transactions.

About Pirichain

Pirichain is a blockchain platform that facilitates the use of blockchain by providing customizable ecosystems and secure data storage. It is the first blockchain technology that allows companies, organizations or individual users to create their own data ecosystems. With a customizable data storage capacity of up to 20 Kb, Pirichain enables verification of various data types to ensure transaction reliability.

The platform is a strong contender on its way to becoming the global notary for blockchain technology. Its advanced features and focus on verified data management position it as a revolutionary tool that can be used in various industries, such as insurance for pricing operations using Pirichain Smart Scenarios.

In summary, Pirichain represents the next generation blockchain network with advanced features for asset management, reliable data verification and exciting data processing and analysis capabilities. Its potential impact extends beyond industry and is a technology that needs to be considered for the future.

For more information and updates, please visit Pirichain’s official website and follow theirs Telegram, Mediumand Twitter channels.