As
wide adoption of Blockchain technology solution is going viral in different
sectors. It is wise for individuals, private and public parastatals to hop on,
on the train of Blockchain technology, and ride along. However, this is not
just something to hop on without having an in-depth knowledge of what it is and
how it works. What exactly is this exceptional Blockchain based platform called
Constellation all about? How does it work? How will I or my organization profit
from it? With this article, all these questions and more will be answered.
What is Constellation?
Constellation
is a Blockchain technology based platform that provides an enterprise software
solution for Data provenance and integrity at scale.
Constellation
framework ensures that your data is notarized and validated. It services are safe,
cost effective, scalable, and easy to integrate.
In the same vein, Constellation is
building a bridge between the industry and the new technological advancements
in Blockchain.
Constellation
Vision
Our
vision is to create an ecosystem that expands the abilities of engineers and
enterprises to invent and refine next-generation technologies by orders of
magnitude.
Constellation Mission
Our
mission is to build a technological world where truth is apparent, power is
fairly distributed and reputation matters.
Solution/Use cases of Constellation
Blockchain Platform
Finance/Banking Use case
Constellation innovation
protocol promotes transparency, accountability, fast payment, low transaction
cost, unalterable payment record etc.
Healthcare Use Case
Constellation Healthcare services
provide a protocol for data security, breaches, medical records, transparence
and much more to the medical sector.
IOT Use case
Constellation IOT creates a protocol
for devices to securely and efficiently transmit data across disparate
networks.
Mobility
Use Case
The platform provides a protocol
capable of ingesting and organizing data of new mobility technologies.
Energy
Constellation protocol gives a leading
path for businesses to effectively distribute their energy consumption.
Academic
Use case
Constellation protocol can be used
in recording of grades, storage of degrees and other academic information of
student, teachers/lecturers and sundries.
Manufacturing
Use case
Scalable
Blockchain architectures, like Constellation will enable factories to better mitigate
against robot malfunctions and faulty productions. Sensors will be added to
every point of the manufacturing supply chain today, aiding technicians by
reducing their call to action and allowing them to fix assembly lines with less
lag time. Ultimately, these sensors will provide technicians with the exact
location of a problem or disruption, reducing their investigation time.
Features
of Constellation Platform
Pillars of
the Constellation Ecosystem
The
Constellation ecosystem consists of four key components.
The Constellation
Protocol
Each
node in Constellation adheres to a set of rules that governs the network. While
the protocol can be implemented in different ways, the core interface/RPC
remains the crux of the protocol.
The
Constellation Framework
The
first implementation of the Constellation protocol, as in our Github (cite), is
the Constellation framework. In coming months, developers will be able to
simply import this codebase
directly into their applications to integrate Constellation. Since we chose
Scala to develop our protocol, we can integrate into all JVM languages natively
at the first pass. We also plan to bring out frameworks in different
implementations, the foremost in consideration being Python.
The
Constellation Ecosystem
Developers
can build applications importing the Constellation framework, but not
necessarily on the Constellation distributed ledger. Constellation proposes an
ecosystem of applications, called paraprotocols that are connected through the
Constellation ledger in the center. The idea is to allow developers to program
the actual use of a para-protocol into the protocol’s validation logic itself,
meaning that the para-protocol is the decentralized application.
$DAG: The
Liquidity Agent of Constellation
All
para-protocols define some utility based
upon their use cases. They can often be backed by real-life assets such as
sensor data or renewable energy. The core protocol of these applications being
the
Constellation
framework, their utilities can also be seamlessly transferred across
applications through the native token of Constellation: $DAG. The network
effect of a growing ecosystem embodies the value of $DAG, enriched by the
values of all applications and their use cases combined.
Developer
and Community Portal – Orion
The
primary function and value of the Orion Portal is to serve as a foundational
source of information for all things Constellation Labs. Whether its support,
marketing material, bounty campaigns, or developer documentation, it will all
be living within Orion. We wanted to create a platform where the
Constellation
team can interact and share with developers and community members alike, while
also giving our users a chance to be rewarded for their time and expertise.
Orion
will become the gateway and membership portal to the Constellation ecosystem.
By staking $DAG tokens, token holders will be able to gain membership access to
the portal on two levels, Community (250 $DAG) and Developer (1000 $DAG). There
is also a free membership tier, where no $DAG staking is required. Within the
portal, token holders will be able to work on GitHub issues, offer marketing
services, as well as provide community support in return for tokens.
The
vision of Orion is to enable Constellation to scale in a truly decentralized
fashion. The Constellation Core team will curate the network while allowing the
community to help shape, build, and grow the ecosystem. Depending on the
membership level, there will be additional services such as a support desk for
users and developers, as well as access to developer tools. Membership access
token for the Orion user portal that will offer the following resources:
1.
Developer documentation and Wiki
2.
Developer support desk (tiered support based on membership level)
3.
Developer tools (when test-net is launched)
4.
Developer bounties for building features and application modules or full native
applications.
Over
time, the Orion portal will become the Constellation Application Marketplace
where Developers will be able to monetize applications and services that they
build on Constellation.
Constellation
Token ($DAG)
Constellation token is an ERC20
compatible with total supply of 4,000, 000,000.00, and reached hard cap of $33.7M.
Exchanges
Constellation’s DAG token is listed and trading across leading crypto
exchanges:
Constellation
Partners
Constellation is partnered with institutional investment funds, crypto
advisory firms, technology PR firms and blockchain education groups
Some of the
MOBI partners that Constellation is in direct connection with include the
following:
Constellation
Community/Contact Channel
Constellation community thrives across
host of social platforms; Telegram, Facebook, Reddit, Twitter, Medium,
Instagram, Discord, Youtube, Github etc. Through these medium the community
members are updated on the happenings on the platform likewise enquiries or
contact with the team are made:
Put Together By: Okorie Daniel Nwokedi
Blockchain Ambassador for Constellation
