A Blockchain is a distributed digital ledger of transactions that is distributed across the entire network of computer systems on the blockchain. Each 'block' in the 'blockchain' contains a number of transactions. Hence the term 'blockchain', a chain of blocks. Every time a transaction occurs on the blockchain, it is broadcasted to all the computers on the network and added to their respective ledger.
The technology behind blockchain is referred to as Distributed Ledger Technology (DLT).
The Internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the internet, all collecting and sharing data. Thanks to the arrival of super-cheap computer chips and the ubiquity of wireless networks, it's possible to turn anything, from something as small as a pill to something as big as an aeroplane, into a part of the IoT. Connecting up all these different objects and adding sensors to them adds a level of digital intelligence to devices that would be otherwise dumb, enabling them to communicate real-time data without involving a human being. The Internet of Things is making the fabric of the world around us more smarter and more responsive, merging the digital and physical universes.
Radom Network provides a fully managed solution that allows you to provision service discovery and security metadata directly onto the blockchain, for both your cloud servers and connected assets. Facilitating the ability to create unique encrypted tunnels between devices, allowing new ways for devices to receive payments, and providing the ability to lease devices physically or through the ability to receive data from them.
Service discovery is the automatic detection of devices and services offered by these devices on a computer network. A service discovery protocol is a network protocol that helps accomplish service discovery. Service discovery aims to reduce the configuration efforts required by users and administrators.
Metadata is defined as the data providing information about one or more aspects of the data; it is used to summarise basic information about data which can make tracking and working with specific data easier. Some examples include: Means of creation of the data. Purpose of the data. Time and date of creation.
The Radom Registry is a Web 3.0 Service Registry solution combining the user experience of a SaaS (Software as a Service) platform and dApp (decentralised application) with a back-end data and payments infrastructure powered by the pre-existing blockchain.
Radom Registry allows IoT device manufacturers to provision virtual tokenised assets on the blockchain representing their physical devices and linked to the real-world via our Software Development Kit (SDK) installed on these devices. Manufacturers and operators are able to remotely manage, visualise and configure these assets from their browser and make authorised changes with their browser-based wallet extension. Utilising the solutions to race conditions and authentication provided by blockchain cryptography, Radom is able to provide a monetisation platform for IoT by facilitating leasing of network-access on-chain. Alongside this, the Radom Registry is developing a series of analytics tools to quantify and read metrics on your assets whether those metrics be related to geolocation, utilisation, ownership etc.
Radom token (DOM) is an ERC-777 token developed by Radom that will provide a cheaper alternative to the cost of fees when creating new assets on-chain. Radom token will be implemented with a staking mechanism allowing token-holders to generate returns on their holdings or their 'stake'.
Our Radom SDK (Software Development Kit) provides your devices with a set of libraries designed to collect transactional data from the distributed ledger in an understandable way. Radom SDK allows devices to view payments, verify connection attempts, and detect updates to configuration sets.
Catch up with Radom announcements by following Radom's Twitter and subscribing to our newsletter. Radom makes blog posts about developments within the company and has a Telegram where users can discuss the company's roadmap.
To keep up to date with current progress you can follow the Radom Github. Currently, we are not showcasing public repositories. We will be open-sourcing our code in due time.
We are not currently accepting open-source contributions. However, if you would like to make a suggestion on how you can contribute to the Radom eco-system, please make a form submission on the contact page.