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Authoreon ICO Review : that leverage the properties and characteristics of blockchain technology

About Authoreon 

Authoreon platform architecture involves several components that leverage the properties and characteristics of Blockchain technology, cryptography, artificial intelligence (AI) and
substituting algorithms to provide maximum security, authorization and traceability. Authoreon achieve this by creating two additional separate overlay protocols on top of the blockchain: the synapse and the access lock layers.

Basic Information

Token NameAuthoreon
Token SymbolAUN
Social Media
PlatformEthereum
Soft cap500,000 USD
Total raised1,500,000 USD
CountrySingapore
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Blockchain

Authoreon is based on Ethereum, a public, open-source, censorship-resistant and innovative blockchain protocol and distributed computing platform, that provides a decentralized Turing-complete virtual machine (the Ethereum Virtual Machine (EVM)) enabling the execution of smart contracts.In general, a blockchain is a distributed database that enables a digital ledger of assets and transactions, which are shared among a distributed network of users, and are thus tamperproof.

Cryptography

Utilizing public key cryptography, a blockchain enables each participant on the network to interact securely with the digital ledger and without the need for a central authority. Since each participant in the network holds a copy of the blockchain and all former transactions are constantly revalidated before an addition can be made, it is extremely difficult to change or remove data in the blockchain. Whenever a participant wants to add an asset or transaction to the blockchain all other participants in the network run an evaluation algorithm to verify the transaction.

Features

Architecture

On top of the blockchain, Authoreon developing the synapse protocol, which is a independent application layer inspired by the human brain. It is designed to further the functionality, scalability, and performance of the Authoreon platform by enabling smart authorization contracts. Smart contracts are decentralized programs that function on defined rules created with scripting languages, which can be either integrated into the protocol or dynamically created.

Smart contracts

Smart contracts usually also have a user interface and often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.ii The Synapse layer is responsible for storing data safely and effectively and verifying identities against the stored access authorization.

Access lock

The access lock layer acts as the gatekeeper, processing incoming requests to the synapse
layer and granting temporary access if the requesting instance is authorized. For this purpose Authoreon developing the 2²- key-algorithm, providing one static key with a dynamic (temporary) key only if the other key is still valid by authorization and vice versa. Access is only granted to two dynamic keys. This mechanism replaces the traditional twofactor authentication enabling a wide range of potential applications.

Platform

The Authoreon solutions will be accessible through the Authoreon platform and, in contrary to most of the currently available systems, through an easily manageable web application graphic user interface (GUI) -, as well as through mobile apps (for Android, iOS) to enable key authorization and authentication functions, staking and wallet interactions. For maximum accessibility and usability, each product will have its own category-based landing page with the interaction section itself, as well as explanatory how-to-content (text and video) and best practice examples.

Technology

Beside the additional layers, Authoreon’s core development is the A-ID, the world’s first machinereadable optical label on the blockchain. The A-ID is a universal code, that addresses today’s needs in a self-managed identity, in E-Commerce, Supply Chain, Authorization and Authentication. Each and every individual, asset and transaction will be provided with a unique optical code, that enables a fast and seamless authorization, authentication, verification or certification. The Universal Product Code (UPC Barcode) and the Quick Response Code (QR code) are very limited in their functions and capabilities.

Team

Member
Ali Zain BLOCKCHAIN DEVELOPER & CO-FOUNDER
Mohit Mali BACKEND DEVELOPER & CO-FOUNDER
Md Nasiruddin APPLICATION DEVELOPER & CO-FOUNDER

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 13 May 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

Disclaimer:

Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

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