Infrastructure. It may not be the very first thing that comes to mind when gazing upon the 7 Wonders of the Modern World, yet maybe it should be. Without infrastructure, these iconic man made achievements would simply not be possible. That excites us because our distributed infrastructure solution to securely access an Ethereum Blockchain, a solution we call the MIMIR Bridge, could very well be the backbone that allows the second wave of the internet to be built upon. As it stands now, blockchain is already an incredible form of technology in that it can record an every sequence of transactions from beginning to end. However, in order to reach its full potential, this digital wonder needs to be more easily accessible by the masses at any time. It must be unquestionably secure, then, and only then, will blockchain be a modern-day marvel which can help balance the spread of wealth and directly impact just about every industry on the planet.
Think about it. To weather storms, including those in some of the most remote parts of the world, the 7 Wonders have a unique commonality in that they are each remarkable and built upon minimal, yet secure, infrastructure. This infrastructure has allowed them to stand the test of time, something generations from now may say when thinking about blockchain, especially as they look back at the impacts of blockchain on their daily lives.
That being said, it may not be so far-fetched to consider Blockchain the 8th Wonder of the Modern World. However, for that to be a realistic achievement or even a remote possibility, there needs to be a wide integration of distributed infrastructure to help facilitate how decentralized apps (Dapps) can seamlessly and securely connect to a blockchain 24/7. This needs to occur without any hiccups via any web browser or mobile device. Achieving this could make distributed blockchain infrastructure solutions a must-have complimentary add-on tool for Web Application Programming Interfaces (Web APIs) who could encounter scalability issues they weren’t necessary built to handle thanks to the rapid explosion of transactional opportunities resulting from blockchain.
Additionally, distributed infrastructure solutions can also allow financial incentives previously unearthed in blockchain, namely allowing users to be paid to enhance the security and scalability of the entire Dapp ecosystem. Collectively, the Security, Stability, and Profit potential resulting from distributed infrastructure solutions can give blockchain a trifecta of new opportunity, a modern marvel if you will, the world has never seen before, at least until now.
The beauty of boldly comparing the 7 Wonders with blockchain using distributed infrastructure solutions lies in the actual infrastructure itself. Unlike the modern marvels which needed rock, brick, woods concrete, soapstone, sand, polished dry-stone, ivory-white marble, and other materials to be built, distributed blockchain solutions are built on something that already is present, namely existing nodes. This is multi-party shared distributed architecture necessary in a digital age of smart machines and the internet of value. That’s the real wonder — a massive collaborative opportunity to leverage computing infrastructure not being used and turning unused nodes into a proactive algorithm securely enforcing smart contracts, independent of national laws.
Having the ability to securely pass and receive messages “without failure” during concurrent data connections, while also keeping people accountable for their participation in trackable smart contracts is a true game-changer for all industries, anywhere in the world. This will not only help prevent fraud, it more accurately tracks the flow of assets without any fear of unintended denial of service (a real possibility with the current state of standalone APIs using the cloud or virtual hardware to host blockchain systems). Thus, a distributed blockchain infrastructure solution could more easily allow economics to work for the masses at any point in time, wherever they may be, via a Blockchain to Internet (B2I) architecture solution.
What is important for readers to understand, what differentiates our architecture solution greatly from that of an API is the security guarantee and by default, a trustless scalability measure to meet any future ramp-up in blockchain interactions. Sure APIs can host lots of data requests, but the security of those requests can’t compete with a distributed model — and it shouldn’t have to. Thus the MIMIR Bridge could be seen as a complementary tool for APIs, one that helps securely satisfy excess demand for data which stands at approximately 20,000–30,000 nodes at any given time in the Ethereum network.
As we’ve all seen with the recent Equifax data breach disaster, your identity is more critical than ever. Therefore, it should be protected at ALL times. This makes the MMIR Bridge a long-term solution that incentives people to be truthful and host nodes in the Ethereum network, a modern wonder enhanced by distributed architecture which can unlock the Internet of Things (IoT) and decentralize, well, everything, without any unintended denial of service.
Unbridled access to the blockchain can not only cut out the middleman, it can change the distribution of wealth as we know it by removing unnecessary complexities. This makes the distributed infrastructure solution a critical building block necessary to make an Ethereum blockchain a marvelous modern wonder which safely leverages existing infrastructure this world desperately needs in order to more appropriately navigate the internet of the future.
To learn more about how blockchain solutions can become more mainstream, please visit our website (https://www.mimirblockchain.solutions) or follow us on Twitter @MimirBlockchain to join the conversation. It’s an important one!
This piece was originally posted on @Medium by our partner Mimir Blockchain Solutions.