What the Tech? MATRIX supports IPFS

MATRIX’s support of the IPFS protocol enhances its blockchain ecosystem and makes it easy to envision future enterprise use cases.

Artificial intelligence and blockchain are arguably the two most significant technological innovations of recent years. MATRIX aims to combine the two to solve the major challenges currently stifling the development and adoption of blockchain technology by achieving superior transaction speed, greater accessibility and improved security.

An Introduction to IPFS

The Internet has relied on the same protocols and system architecture for most of its lifetime. HTTP, for example, has been the internet standard since the 1990s due to its efficiency of transferring images and text — the basic components of websites. The centralized nature of client-server system architectures, by allowing for easier data security and scalability, has led to mainstream adoption. However, the public’s expectations have changed. For one, people now expect music and videos on-demand; both of which require the transfer of large data amounts. Compounding this change is the fact that peoples’ appetite for load times is at an all-time low.

The Present: IPFS and the MATRIX AI Network

MATRIX supports IPFS to deliver its blockchain AI Services. MATRIX users are able to send multimedia files, via IPFS, to the MATRIX AI Server for Pose and Object Detection. The way it works is fairly straightforward. Users send multimedia files, which are then stored on the IPFS chain. The files are then processed by the MATRIX AI server. Following processing, the new processed file is also stored on the IPFS chain and is assigned an address. This address is then sent to the MATRIX AI Network blockchain as a transaction. Nodes then verify the transaction alongside all other transactions and users are able to bring up the processed file/transaction using the designated TxHash.

The Future: IPFS and the MATRIX AI Network

IPFS support is just one of the ways MATRIX is using innovative technology to enhance its blockchain ecosystem. Following the Mainnet launch, companies, organizations or other relevant entities will be able to access the IPFS chain. These entities will be able to access the IPFS chain as a client. This will give them authority over a specific node and grant them individualized permissions.

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork