Why YAO Network is A Rising Star That Deserves a Spot on BaaS’s Hall of Fame
Blockchain technology has been making waves in the tech industry since its inception 10 years ago with Bitcoin. While the use of cryptocurrency has remained a hot topic of debate worldwide, especially with the news of Facebook’s new trinket Libra that is due for release next year, few have doubted its underlying technology and its potential to streamline industrial processes.
Renowned for its decentralized, immutable and wholly transparent properties, the incentives blockchain technology can offer are numerous, security being of the paramount benefit. Yet, one obstacle that perhaps impede its wide-scale adoption is the high barrier of entry blockchain technology presents to current companies. Most companies, while understanding blockchain technology has the potential to revamp up their processes, have no clue how to go about doing it. In fact, according to a poll conducted by Ernst & Young (EY) recently, 68% of Asia-Pacific firms lack understanding and education on blockchain applications.
The better solution YAO Network and other platforms like Amazon Web Services, IBM and Oracle offer to the companies as described above is thus this: Blockchain-as-a-Service (BaaS) platforms. Translated into simpler words, these platforms pitch blockchain technology and its related services to these companies. A successful collaboration would entail the companies’ integration with blockchain technology without the hassle of maintaining, operating or configuring the blockchain, the responsibility of which falls entirely to these BaaS platforms.
But how can we discern if a BaaS platform is great? The BaaS market is quickly becoming saturated from the entrance of many corporate giants such as Microsoft with its Azure platform, IBM and Amazon with Amazon Web Services, so what are the key things to look out for?
Here is a list procured for you so you don’t have to do your homework.
Image Source: 101Blockchains
As can be seen from the image above, choosing a BaaS platform requires research and astuteness as there are many factors to take into consideration. A good BaaS platform should be able to deploy blockchain networks smoothly and efficiently, to provide great backup solutions in cases of attacks or emergencies, have great scalability to support new blockchains on the platform with minimal server failures, and have little deployment time.
Fret not, for the perfect solution has arisen.
Introducing YAO Network — An Universal Wing of the Future Decentralized Ecosystem
YAO Network is a new generation of public infrastructure platform, working as an ecosystem entry, a computation hub and a service market for blockchain communities. The platform is designed for Blockchain 3.0, aiming to become a complete development system integrating the underlying technology and upper-layer application. It also matches with commercial blockchain application and creates a favorable ecosystem for the development and adoption of blockchain technology.
YAO Network customizes services for different customers, and connects and facilitates the exchange of resources between commercial application and the tech community, and accelerates the rapid and sustainable development of blockchain infrastructure via reasonable and complete governance and incentive mechanism.
But what exactly are the advantages of YAO Network?
1. It Can Support Multiple Chains with Ease of Access
Unlike regular BaaS platforms which work on one or a few blockchains, the YAO Network platform is built to serve community developers and framework suppliers of multiple blockchains. By integrating cloud resources and using BuildPack, a declarative programming technology, YAO Network deploys services on the cloud and realizes the self-adaptive matching of tools for different blockchain network and access strategies.
YAO Network also supports both public blockchain and consortium blockchain. In terms of public blockchain, YAO Network provides network testing and access to main network within seconds. As for consortium blockchain and private blockchain, YAO Network provides fast and flexible network building capacity.
Blockchain developers can then visit the blockchain network provided by community members and major blockchain network providers in a visualized interface. They can also check the internet status, choose blockchain network accordingly and utilize tools to develop smart contracts and decentralized applications (dApps) based on their needs.
2. It Provides Great Backup In Cases of Attacks and Protects Your Data
To ensure the security of the clients’ private keys, YAO Network has hardware devices in place to store private keys and host all private key signatures, ensuring that private keys are not leaked to the public. This approach can effectively protect the system against any form of electronic probing attack as it is rendered less vulnerable.
Moreover, the YAO Network implements a data governance solution that provides a full lifecycle of service which includes data collection, data transmission, data storage and authentication, data transaction, data access control, data privacy protection, data security sharing and data supervision among many others. By introducing blockchain technology, the security and reliability of data system can be effectively improved, and data privacy can be protected. Therefore, data is both traceable and supervised.
3. It Conceals Your Identity, Giving you the Anonymity You Desire
The YAO Network implements Decentralized Identifiers (DIDs) for users to manage their private information. DIDs have several features, including independency, controllability, distributed trust, privacy protection, etc. With such encrypted technology, users can choose to hide their private information or share it with any relevant third party of their own accord. DIDs can also be used to build reliable distributed trust network to lower distrust cost and protect individual privacy.
4. It Integrates Multiple Computation Paradigms in Utility Computation
The YAO Network platform effectively combines three computational paradigms, cloud computing, decentralized computing and encrypted computing, to meet the demands of different applications and create maximum computation utility.
After more than a decade of development, cloud computation has gradually been accepted by enterprises and the public and has in turn become one of the mainstream computational models. Computational models are warranted to solve important computational issues and cloud computing is no exception. It saves cost for enterprises, developers and the public and offers flexible workload deployments, which enhances overall individual and societal utility.
The YAO Network platform fully incorporates the advantages and characteristics of cloud computation by making it the only carrier of all service and computation units. Cloud computing is not only utilized for deployments and encrypted computation of centralized application, but also widely applied in decentralized blockchain networks.
5. It Has Yaolet — The Teacher You Never Knew You Needed
Remember how one of the greatest issues companies face when integrating blockchain technology into their firms was the lack of understanding when it came to blockchain technology? Well, YAO Network recognises that problem and have thus proposed Yaolet as the optimal solution.
YaoLet is an elementary unit of decentralized application that supports decentralized computing. Based on the underlying framework of decentralization, its commercial application capability can scale up and better match the technology requirement of real commercial applications. Examples of some of the modules it has are illustrated in the image below.
Utilizing these technology modules, developers can flexibly design blockchain applications and services that adapt to different business scenarios. YAO Network solution developers can also use the development tools available to customize solutions for different companies according to their needs.
With such a comprehensive interface, it is no wonder why YAO Network has been gaining traction since its debut two months ago. Besides fulfilling all the requirements as listed above with its quick deployment time, the YAO Network has found an answer to the age old question of implementing blockchain technology — Yaolet — an elementary unit that bridges companies with developers, ensuring the tech are left to the experts while the companies get to reap the benefits of blockchain technology.
There simply can be no opposition as to why YAO Network deserves a spot in BaaS’s hall of fame.
Interested to find out more? Stay tuned to YAO Network through its social media: