Exclusive interview with Amos Lang, founder of LKBT: Data is more valuable than people can imagine in the era of big data

"In the era of big data, data is extremely valuable, and its value will far exceed people's imagination," said Amos Lang, founder of LKBT, in an interview with the media.

Broad data and narrow data

Amos Lang, founder of LKBT, said that data has different forms of expression, such as numbers, text, images, sounds, etc. It is the carrier of information. It is expressed in various forms such as databases, documents, pictures, videos, etc., and exists as the input and output of information systems. In the era of big data, data is extremely precious, and its preciousness will far exceed people's imagination. Data in a narrow sense refers to the data itself, and data in a broad sense includes data, knowledge, algorithms and computing power. The data in LKBT refers to broad data.

Knowledge is the sum of the results of human exploration of the material and spiritual worlds that are in line with the direction of civilization. Algorithms are accurate and complete descriptions of problem-solving solutions, and are a series of clear instructions for solving problems. Algorithms represent a strategy mechanism for solving problems in a systematic way. In other words, it is possible to obtain the required output within a limited time for a certain standard input. Computing power refers to storage resources and computing resources distributed in different places.

LKBT provides a basic platform for the global circulation of data, knowledge, algorithms, computing power, etc., realizes trusted data transactions and accounting services, and can be seamlessly connected with various knowledge computing operating systems and data trading systems such as LEBEN.

Realizing the true value of data with blockchain technology

Amos Lang, founder of LKBT, said that in order to realize the true value of data, we must rely on blockchain technology. Blockchain is a decentralized distributed ledger system that can be used to register and issue digital data, property rights certificates, points, etc., and transfer, pay and trade in a peer-to-peer manner. Compared with traditional centralized ledger systems, blockchain systems have the advantages of being completely open, tamper-proof, and preventing multiple payments, and do not rely on any trusted third party.

Due to the high network latency in peer-to-peer networks, the order of transactions observed by each node cannot be completely consistent. Therefore, the blockchain system needs to design a mechanism to reach a consensus on the order of transactions that occurred at about the same time. This algorithm that reaches a consensus on the order of transactions within a time window is called a "consensus mechanism."

LKBT uses the BFT mechanism of the LkbtBFT consensus protocol to enable all validator nodes to reach consensus on the transactions to be executed and their execution order. LkbtBFT completes verification through pre-audited authoritative nodes. Through the preset list of verifiers and voters, block data can be voted and verified in a very short time to reach a consensus on block data. It can reduce the complexity and scope of blockchain transaction verification, improve the information processing capabilities of blockchain, and support the demand for high-throughput processing capabilities. The LkbtBFT consensus protocol can achieve a balance between high transaction processing volume, low latency, and higher energy efficiency.

About LKBT:

LKBT is the world's first blockchain infrastructure designed specifically for trusted transactions and clearing of data (knowledge, algorithms, and computing power). Its goal is to clearly define the quality standards, pricing rules, transaction clearing systems and institutions for data (knowledge, algorithms, and computing power), and to completely solve the problems of compliance, pricing, algorithm billing, and clearing of digital (knowledge, algorithms, and computing power) transactions.

LKBT official website: http://lkbt.pro