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Home CRYPTO World Largest Ico Review Platform

Drofika ICO Review : Decentralized Business Intelligence for Critical Infrastructure

Xpress Network by Xpress Network
July 20, 2019 - Updated on September 6, 2021
in World Largest Ico Review Platform
Reading Time: 5 mins read
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Drofika ICO Review : Decentralized Business Intelligence for Critical Infrastructure
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About Drofika 

Drofika is shaping the blockchain model for UAV ecosystem. Introducing a UAV focused protocol to accelerate the development of UAV related decentralised applications (dApps), the DRX token powers new business models in the UAV sector.

Basic Information

Token Name Drofika
Token Symbol DRX
Social Media Drofika ICO Review : Decentralized Business Intelligence for Critical InfrastructureDrofika ICO Review : Decentralized Business Intelligence for Critical Infrastructure
Soft cap 5,000,000 USD
Hard cap 15,000,000 USD
Token for sale 1,000,000,000 DRX
Country United Kingdom
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Problems

Poor performance

Performance is one of the main challenges facing current data processing in the UAV market place. The time it takes to render photos in usable 3D models and shape files to be used in reporting takes more than 24 hours depending on the size of and number of input files. For example, compared to one K80 NVIDIA unit rental from Amazon, a buyer can use the DPL network to rent 600 K80 NVIDIA units with a total task processing time of 10 minutes for each of them. It allows for use of more efficiently distributed architecture and parallel computing.

Data security in the cloud

Critical infrastructure projects are transitioning into using UAV technology as a means to save time and cut costs as well as create more streamlined and effective communication between project stakeholders in tracking project progression. However, many of these critical infrastructure projects are funded by governments or private investors who want to keep discretion at the core of their investments. These critical infrastructure projects can vary from oil and gas projects, to large government owned construction sites to, hence discretion is key.

Bandwidth management for data processing

As the use of unmanned aircrafts expands for a variety of business related purposes, the incentives to add additional cameras and sensors to the units is there to capture more data during flights. Typical land surveys can be require anywhere between 20 to 75 GB of storage to map. The growing tidal wave of data creates an issue with capturing, processing and displaying this data in near real time. As clients needs vary and become more complex so to do the combinations of data needed to solve their issues.

Consumer/ prosumer market opportunity neglect

Drone enthusiasts currently have relatively few options in regard to earning money from their investments as well as their enthusiasm and passion for flying robots is under utilized as the market shifted from a hardware oriented focus to a software and image processing focus concentrating on enterprise. There is an opportunity to incentivize these enthusiasts to rent out resources in exchange for monetary compensation as well as give developers in the space access to enterprises who could use their decentralized apps to manage specific.

Features of Drofika 

Security

A decentralized application processing platform offers numerous benefits other than speed of processing, data security being one of these. From the offset, projects are split into smaller tasks and run concurrently on multiple pilot machines across the network with limited access to the data. This means that no one machine contains the full project so even if a microserver is breached its impact is negligible. The data only makes sense once all tasks are re-assembled. As more and more pilots get onboarded the greater the numbers resources available to process the project.

Smart contract

The application store is an ethereum smart contract where anyone can publish their own applications that provide value to new and unseen use cases in the UAV space. These applications would run on the Drofika Network. The smart contracts are negotiated between clients and pilots and describes the relationship between the project owner and the pilot as well as information pertinent to the transaction are independent of each other, which essentially means the requester negotiates a contract with each individual pilot that process their project. payment information and size of data to be processed.

Transaction framework

The Drofika Transaction Framework allows for efficient payment for work allocated amongst pilots for the staking and micro payments. As work is completed through the Drofika Network, earnings and stakes released through payment channel to clients. Culminating in the completed rendering of dashboards and operational reports. Payments will distributed in DRK tokens that pilots will have the option to transfer into their local fiat. Pilots can also keep track of their transactions per month via the dashboard further incentivizing them to rent more resources to complete the task.

Dashboard

The dashboard will be driven by the customers as work is determined by the number of projects to be processed. Customers will use the dashboard to submit projects and request resources. Within the dashboard they can assign speed of process, can track progress as well as access the final results. Projects to be processed in the dashboard are broken into two; projects to be processed using Drofika propriety applications and those to be processed using applications in the application store. The reason for the distinction is twofold.

Team

Member

Kevin Mobolade Chief Executive Officer

Nick Chandarana Chief Marketing Officer

Chris Emejulu Chief Technology Officer

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 20 July 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

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