Blockchain Company Leading Web 3.0 Transformation | Beyond Protocol

Letter from Midas

Blockchain Company Leading Web 3.0 Transformation | Beyond Protocol

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Web 3.0 is the next stage in the evolution of the Internet. It will have more intuitive AI systems and a more robust user experience. Web 3.0 is decentralized and autonomous, relying heavily on decentralized tools such as cryptocurrency, blockchain, and NFTs.

Beyond Protocol develops technologies that improve communication between Internet-connected devices with enhanced security.

The company designs systems for new technological equipment such as self-driving cars and biometric wearable devices. The Beyond protocol is better than the conventional TCP/IP protocol created to serve a network of fixed computers. Thus, the new world will be able to be connected to a myriad of devices which, for the first time, will be secure and able to communicate with each other.

“Beyond Protocol gives developers the ability to access any device in the world and allows them, through the blockchain architecture, to exploit it and make it probabilistically impossible to hack. Moreover, once these devices are tamper-proof and secure, developers can come in and start connecting them together Myriad devices, any combination you can think of, now for the first time they are secure and they are equipped to communicate between them so you can build what we call mega apps.– Jonathan Manzi, CEO of Beyond Protocol Inc

With a line of code from Beyond Protocol, developers will have the ability to access any device in the world implementing a blockchain architecture to make it probabilistically impossible to hack. This capability will enable some pretty cool and futuristic sounding applications between Internet of Things (IoT) devices.

For example, if a fire is detected using a sensor, a drone can be deployed to extinguish that particular fire.

Or the world’s first blockchain-powered electric vehicle charging infrastructure. No need to download multiple apps and fumble around trying to set them up. There will be no need to fear that a bad actor will violate a disparate system and cause damage. Instead, when an EV stops at a Beyond Protocol charging station, it automatically authenticates, tells the charging station the optimal charging settings, and pays in fiat. Beyond Protocol launched the first phase of this system in partnership with Bandaged.

Currently, Beyond Protocol’s market capitalization is around $100 million.