Crowd Machine, the company disrupting the next evolution of computing has today unveiled a technology that will disrupt the blockchain market. It’s an intelligent distributed network that has embedded within it a decentralized app development and execution capability. It fully automates the creation of blockchain and decentralized apps enabling startups and businesses to build and deploy apps in a fraction of the time – without writing a line of code.
Underpinning the Crowd Machine technology is a protocol that allows apps to be optimized for cost vs speed against any blockchain, including Bitcoin and Ethereum. Apps built and run on the Crowd Machine network can be configured to automatically swap between blockchains based upon a speed of transaction or cost of transaction preference. It acts as a transaction broker, unlocking apps from being bound to specific blockchains and allowing market-based pricing to occur.
This is the new world where Fortune 500 companies are already immersed in the technology and bringing applications to market much faster than current app development approaches. It delivers significant competitive advantage to companies embracing the technology.
One big contrast of Crowd Machine’s product is that the computer contains an embedded app development technology. It enables anyone to create sophisticated decentralized apps, and programmable smart contract extensions, without having to write code. The technology simplifies and rapidly accelerates the app development process. It also includes a community-owned repository called Crowd Share. Crowd Share contains a growing list of digital assets that further accelerates delivery of apps to market.
Additionally, those who contribute to the Crowd Share repository are compensated each time that code is consumed and executed on the Crowd Machine network. Smart contracts are blockchain-based contracts that execute automatically and immediately when certain conditions coded into the contract are met.
“There are many possible smart contract models. But as it stands today, smart contract capabilities are limited. As blockchain technology is more widely adopted, the power and flexibility of smart contracts will need to improve. Our technology allows you to build sophisticated decentralized apps and smart contracts on the Crowd Machine network and gives you the option to choose what blockchain you want to interact with, whether that be Bitcoin, Ethereum, Ripple or more.”
The Crowd Machine computer runs on a peer to peer network where each peer includes a Crowd Virtual Machine, a highly sophisticated and capable app execution machine that executes the apps deployed across the network. Mobile device and computer owners who make their spare processor capacity available to the network are compensated for that participation.
Crowd Machine’s white paper, which outlines their vision, the market and development plan is available for download here.