With the development of blockchain, big data, artificial intelligence and other technologies, the “information Internet era” represented by Web2.0 is also evolving towards Web3.0, the “value Internet era”. In this process, “data” gradually become the core of economic development.
Under this trend, treating data as a “resource” is no longer sufficient to meet the needs of the times; in order to promote the flow of data and promote the emergence of an intelligent society, data should be regarded as an “asset”, and its ownership, usage rights, and management rights should be clarified and distribution rights.
The development of society is gradually shifting from a resource-driven economy to a data-driven economy. This shift means a shift in the economic trajectory, and the effects of this shift are spreading outward, especially in areas such as the data-based internet and blockchain.
We have reason to believe that data capitalization will be the next milestone that will subvert the world and promote the development of the times. “ADA Moracle follows the trend of the times and takes the lead in developing the “DataFi” economic format in the blockchain field.
“DataFi” is the abbreviation of Data Finance. In a broad sense, it refers to data resources legally owned or controlled by an organization. Structured or unstructured data such as text, images, databases, etc., can directly or indirectly bring economic benefits and social benefits. Beneficial financial or commercial activities.
ADAMoracle proposes that “DataFi” means that through the combination of real world and on-chain data, structured or unstructured data such as text, images, databases, etc., can directly or indirectly bring economic benefits to on-chain applications such as DeFi, NFT, and Metaverse. The core of financial or commercial behavior of benefit and social benefit is to empower the industry ecology and provide commercializable high-value data for the development of the world on the chain.
In the information age, information can be obtained at almost zero cost anywhere and at any time. The blockchain field is characterized by openness and transparency, and massive amounts of data on the chain can be obtained at will. But despite the ubiquity of information, decisions are still made by people, and data is overwhelming us. At this time, the software, programs, tools, computing power and algorithms made by engineers become very important. This is an application-first era, and data is only a by-product of digital services.
But now, the information age is moving towards the age of intelligence. Because the scale and speed of data generation is now so large, the scale and frequency of computer use of data continues to grow. At the same time, data also enables machines to become more intelligent. We should note that the entire application now takes data as the starting point to make the system intelligent so that it can process more data. Therefore, in the era of intelligence, data comes first, and data is the fundamental first starting point.
As this concept changes, we see the size of the data expand rapidly as well. IDC (2018) predicts that by 2025, global data will reach 175ZB, of which 90ZB may come from the Internet of Things (note, not from people, but the Internet of Things), and 80% of the data will be unstructured.
Let’s look at the economic benefits of global data flows. According to an analysis conducted by McKinsey, from 2005 to 2014, cross-border data flow has brought about a 3% increase in global GPD, and the added value generated by data flow is estimated to be 2.3 trillion. The latest figures show that nearly 8% of the EU’s GDP is generated from personal data.Since the cross-border flow of data also promotes trade flows, foreign direct investment and personnel flows, etc., if the direct and indirect effects of data flow are considered at the same time, it has actually exceeded the contribution of trade in goods to GDP.
So data is not only the starting point for scientific originality, but it also generates wealth.
ADAMoracle builds the first encrypted data computing network with its global node and resource system, and builds the data link layer, network layer and transmission layer of the chain ecology, which can not only transmit the data information from the chain to the chain, but also It can realize the aggregation of on-chain information into off-chain processing, reducing the use of data information and computing costs.
The data information on the chain is complex, and the seemingly simple data integration function actually requires strong off-chain computing power as support. The global distributed data source that ADAMoracle is about to build will lay a strong foundation for “DataFi” to realize the commercialization of data information.
The “DataFi” application created by ADAMoracle serves users who obtain data over this network. In the coming Metaverse era, data is assets and data is value. ADAMoracle enables every role involved in data circulation, such as producing data, computing data, transmitting data, and storing data, to obtain corresponding benefits. While ADAMoracle serves users on the chain and enriches the ecology on the chain, it will also give back to every node that builds the first encrypted data computing network ecology.
Data assetization will be a major change in the next few decades. The “DataFi” proposed by ADAMoracle will also extend from the blockchain field to the entire Web3.0. The world is leaving the information age and entering the intelligence age.Data, computing power, and algorithms are accelerating this process, and the entire physical world and economic and social life are moving in the direction of digitization.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/data-value-returns-user-adamoracle-creates-a-model-of-datafi/
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