How can the returns be as attractive as represented?
Business Process Management in cloud with mobile in-app messenger 'TWIXOR'
At it's simplest, Veritaseum is the gateway to peer-to-peer capital markets. It allows any two or more individuals to deal directly with each other in transactions of value without reliance on centralized or authoritative third parties.
They can do this without concern for typical legacy credit or counter-party risk. Of course, this begs the question How is this done? Let's start with how it's not done.
Veritaseum is not a broker, a fund, a bank or an exchange. It is distributed, serverless stateless software and a collection of smart contracts ran through the blockchain!
To explain what we are, let's take a quick history lesson. This was the birth of Blumberg forms over years ago. Blumberg was the pre-eminent publisher of legal forms, enabling the quick templating and execution of agreements think power of attorney, leasehold, money purchase agreements, etc. The cutting edge technology of the era, the typewriter, allowed a massive savings in time through efficiency.
Veritaseum products are the 21st century incarnation of the Blumberg form. Discussions around the fourth platform are currently mostly predictions about what it might include - such as AI , IoT , Quantum Computing and massively distributed Grid computing approaches.
No single "third platform" product has emerged, but there are a number of proprietary and open source software products that enterprises can use to create, deploy and operate solutions that use third platform technologies. Within an enterprise, a combination of these products that meet enterprise needs is a "third platform" for that enterprise. Its design can be considered part of Enterprise Architecture. Enterprise third platforms can use web APIs to access social media websites and cloud services giving access to third platform technologies.
A VoIP service, for example, would be considered a social technology. The cloud provides the infrastructure that makes the information accessible, the social technology helps to organise the data and facilitate access, and the mobile devices will provide the means by which most people receive the data.
The third platform is designed to give everybody access to big data via mobile devices; it is this mobility that really defines the third platform.
A company representative on the road or working from home will have instant access to data through his or her mobile device with this third platform whenever and wherever they need it. An example of the use of mobile devices in the third platform would be a school that gives every student a tablet. The tablet would take the place of textbooks and paper used in assignments, but more importantly, the student will have access to a virtual classroom at additional times.
The concept behind big data is to maximise the utility of all data. An executive at a company that streamlines its business functions with the third platform would have easy access to all of the data, including sales figures, personnel information, accounting data, financials and so on.
This data can then be used to inform more areas of the business. Big data can be further differentiated once we analyse its three distinguishing features: Variety means that many forms of data are collected, with formats ranging from audio and video, to client log files and Tweets. Volume represents the fact that big data must come in massive quantities, often over a petabyte. Finally, Velocity signifies that big data must be constantly collected for maximum effectiveness; even data that is a few days old is not ideal.
Cloud services are at the heart of the third platform. Having big data and mobile devices is one thing, but without the cloud, there will be no way to access this data from outside of the office. This differs greatly from the first platform, where computer networks consisted of large mainframes.