Multiven: A decentralised platform for peer-to-peer computer product trading

bonanza-kreep (66)in #multiven • 6 years ago (edited)

Computers are arguably the most important invention of the last one hundred years, and some say that their best years are still ahead of them. With the spread of the Internet, they have come into their own as the foundation of a new digital economy. The adaptation of further innovations promise them an even greater role in the near future. For example, cryptocurrencies appear to suggest a way in which a network of computers could be used to create a more transparent and stable financial system. While this potential has not yet been realised, it could become a part of another major leap forward for humanity.

https://www.multiven.io/

But there are certain factors that stand in the way of this possible future and of the people who might want to become involved in bringing it about – or just wish to participate more fully in the online life. After all, cryptocurrencies are still reliant on the Internet, and the Internet is still reliant on hardware, and how ever secure their cryptography might be, they are not secure against hostile action or simple technical failures on the levels of hardware or software. Less dramatic but no less significant is the state of the computer market. It is divided into a dominant, highly centralised and high-priced first-hand market and an untapped and fragmented second-hand or individual-level market for equipment, programs and services. As a result, people's ability to make proper use of the Internet requires purchases that are either costly or unreliable (or both).

Multiven Group offers to bring those two markets together on one new blockchain-based marketplace. However, this is only the first step in a much bigger plan. Multiven's ultimate goal is to use cutting edge networking technologies to make the ecosystem of cryptocurrencies and the entire Internet truly decentralised and truly secure.

What does Multiven propose?

The Multiven Open Marketplace (MOM) will be an Ethereum blockchain platform that could be used by businesses and individuals to trade computer hardware (whether computers, smartphones or routers), licensed software or related services (such as maintenance, consulting or cloud hosting) on a peer-to-peer basis. Users will be able to register on the marketplace and search for what they need by name or part number (where applicable), then carry out smart contracts-based transactions. Those will include both one-time purchases and payments over time, such as regular subscription fees for services. MultiCoin (MTC) will also be used as a stake by both parties in a transaction, to be released from escrow once the buyer confirms its successful completion. It will be possible for users to register their current and old devices, establishing their records on the blockchain. Once those devices are verified or traded on the market, their owner will receive an MTC reward. A cryptographic pointer will connect product records to similarly stored transaction data and time stamps, allowing reliable tracking of their ownership.

All clients would register on MOM for free. However, public blockchain nodes (such as those associated with Bitcoin or Ethereum) will also receive a free subscription to Multiven's cyber-defense service. The Node-and-Neighbour system will work by pushing the latest security patches and updates to all subscribed node-attached devices, minimising the danger to the network as a whole. Mapping registered devices, as described earlier, will also allow Multiven to back up and restore their data from the blockchain. In due time it hopes to extend this principle to map the entire Internet, safeguarding it against all possible failures. Finally, Multiven plans to work with the InterPlanetary Network Special Interest Group to launch multiple NiOs (Nodes-in-Orbit), miniature satellites equipped with delay-tolerant networking technology, into Earth's low orbit, effectively extending blockchains into space.

How will MOM help you?

The marketplace will allow both companies and individuals to act as buyers or sellers on a shared secure platform. Its smart contracts and device registry system should create the transparency and reliability necessary for a used or used-up hardware market to become truly viable, which in turn ought to help drive down overall prices. Likewise it should provide new opportunities for small software developers. Both Multiven itself and community experts could use it to offer specialised services. There will be no commissions on the market, but there will be MTC transaction fees set at 300% of the Ethereum gas price, with the excess going to security and platform maintenance teams.

Multiven's Map-the-Internet and Nodes-in-Orbit projects will create further opportunities, on top of securing the whole ecosystem against technical failure or hostile action. For instance, Multiven will allow other blockchains to be stored on NiOs for a fee. Separate fees would be required for companies to access its Proof-of-Ownership and Map-the-Internet Oracles via DApps, to verify legitimate ownership of devices and to track and visualise their data networks, respectively. This would greatly streamline many important corporate compliance procedures and other operations.

What gives Multiven its edge?

Multiven Group is a well-known established player on the Internet services market, offering companies and organisations of all purposes and sizes multi-vendor technical support, maintenance and consultancy since 2005. Its subsidiaries include such innovative Internet projects as the Pingsta intellectual collaboration platform and its mySolvr AI project. As such, it has the advantages of experience, connections and brand recognition, as well as access to its own elite team of 1200 specialists and countless other possible participants from Pingsta, which has included many notable cryptoindustry figures. This has already helped it generate a great deal of buzz within a community that feels threatened by the possibility of “centralisation attacks”, which Multiven's latest service is supposed to counter through security measures and by enhancing peer-to-peer computer trading, which should help cryptocurrencies make headway in developing nations.

https://www.multiven.io/

Currently, many of the services it offers to provide on the MOM are already available on its off-blockchain platform. Updating it should be comparatively simple, and work on that has been onging for more than a year now. The other parts of its plan may seem like more of a long shot, but the possibilities of orbital nodes have already been explored by organisations such as the previously mentioned IPNSIG, and delay-tolerant networking, focused on storing as well as transferring information, is a well-developed technology that is suitable for Multiven's needs.

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Multiven's techno-utopian vision

Despite its claims of being apolitical, Multiven has a fairly explicit agenda: Ensuring that the Internet will remain outside of centralised governmental or corporate control. That is not something to be ashamed of, nor is it any cause to avoid its product. But it is something that should be understood, when one considers the long-term viability of this venture. Multiven intends to ensure that bitcoin, and by extension the rest of the cryptocurrency ecosystem that remains highly dependent on its continued success, will be safe by improving its security and expanding its ecosystem as far as possible – to currently-underserved markets and to low orbit. That should make it as difficult as possible for the whole network to be compromised and allowing it to be restored in the event of technical failure through extensive backups.

This plan is ambitious to a fault, and may reasonably invite some skepticism. While there is nothing impossible about mapping the Internet or setting up a ring of micro-satellites to back it up, it will take a lot of time and resources and depend on both the technology and the market behaving roughly as expected. Whether it will be enough to save cryptocurrencies against a determined onslaught (and whether such an onslaught is actually in the making) would be another open question. But regardless of that, the MOM itself has a great merit of its own. It both falls squarely within Multiven's current area of experience and meets a very urgent market need for more affordable computer products. If it could fill that need, then it would make a significant contribution to one of the world's most important industries.