Jambo Network AMA
On the 12th, Jambo Network held an AMA event again. In this AMA, Jambo’s marketing manager Sreedha, explained the development and design of Jambo Network in the Polkadot ecosystem and her expectations for the future of Web 3.0. The following is the exciting content.
Q1: Can you introduce yourself and what are you working on？
Hello everyone，I’m Sreedha！Thanks to this community, I’m very glad to be included in this event. Thank you .
my personal responsibility is to work with our team to realize the vision of the project step by step.
In addition to providing decentralized, transparent, efficient, and stable communication services for the industry, Jambo Network’s vision also allows more people to enjoy the dividends of the development of high-traffic applications. Thanks！
Q2: Would you like to introduce Jambo Network for us?
In the current Internet advertising markets, the value produced by marketing mostly ends up with companies providing search engines and social media. Due to the lack of mutual trust among stakeholders in the industry, some business started to specialize on areas such as advertisement verification, data monitoring, and advertisement interception.
This extra cost has led to the transfer of power away from users. Other problems include traffic fraud, data islands, user privacy, and so on. Therefore, we founded Jambo to solve the advertising problem by using cross-chain technology.
JAMBO is the first blockchain advertising technology support platform, committed to achieving a transparent and credible decentralized advertising industry value ecology.
Applications of the advertising communication industry that use large data flows can be built on the basis of blockchain technology to directly or indirectly help users filter fraudulent information and protect their privacy.
Q3: How does Jambo Network uses the advantages of Polkadot Ecosystem for development?
Although the Polkadot ecosystem is still at a relatively early stage, we believe that this it will bring revolutionary change for the blockchain industry and even for other industries in the future.
Although blockchains are a safe and reliable technology, each public chain is equivalent to an isolated island. It is difficult or costly to communicate between isolated islands.
Polkadot’s cross-chain agreement is equivalent to establishing a relationship between each island, in our analogy a bridge.
Based on the Polkadot ecosystem, each chain can be optimized for a specific design and use case. This means that blockchain can provide better services while at the same time improving efficiency and security by omitting unnecessary costs. Jambo can use this to influence the traffic of multiple industries and communities, allowing more people to enjoy the value created by high-traffic applications.
Q4: Although Internet centralization can provide users with faster, more reliable, and more feature-rich services, it is vulnerable to security breaches and data leaks. How does Jambo Network deal with these problems?
Modern Internet users rely on a single corporate service provider to access the services they use every day, and there is no guarantee that the platforms they use will not leak their data or commit fraud.
Web3.0 is the next development stage of the Internet. The purpose is to transform centralized applications into distributed protocols. Applications built with a Web3.0 architecture in mind do not have to have a single point of control, but eliminate centralized control and create an open protocol world, which allows its users to take ownership and control their data.
Therefore, Jambo Network combines the current technical status of Web3.0 and uses Polkadot technology ecosystem to solve the problem of scalability in Ethereum. The solve the weak points of the Web 2.0, Jambo Parachain uses a trusted (phisher) terminal DAPP (Collector) to collect data, then uses the in-chain decentralized matching engine ADX (verifier) and access the Polkadot relay chain to ensure that the advertising data (content, placement, audience, effect, etc.) is true, transparent, and safe.
Q5: At present, Web 3.0 is still in its infancy. What are the expectations of Jambo Network for Web 3.0?
In Web 3.0 the storage and transmission of information will undergo radical changes. Ordinary users, companies and even machinery and equipment can cooperate with unfamiliar or even untrustworthy partners around the world to transmit transaction information without the intervention of a third party. In this process, the most important benefit of Web 3.0 lies in allowing everyone to truly control the ownership of their own information and assets.
With the support of the blockchain trust mechanism, the trust in Web 3.0 no longer comes from an authoritative and trusted third party, but the decentralized network mechanism itself. Jambo Network uses blockchain technology to build a blockchain network with Ad Exchange function based on Polkadot Substract. As the driving force of Web3.0, Jambo Network is committed to providing transparent, efficient and stable communication services for the industry.
In the past two days, we have collected some questions about Jambo from fans.
Q1:First of all, the first question comes from @4B3ECOTM9OokGGU How does Jambo protect users’ privacy while connecting users with brand advertising?
With the side chain design of Jambo Network, when the advertising audience comes into contact with potential advertising space, the user information gets collected and with edge computing it creates a unique digital identity for each user, which then sends the user’s digital identity to the advertising matching engine.
The advertisement matching engine sends the advertising space attributes and the user’s digital identity to the oracles participating in the advertising ecosystem, and waits for the oracles to return the recommended advertising content. This system makes sure that advertisers cannot directly view the user private data.
Q2：The next question comes from @JrKatasi may i ask you about how to do investment with JAMBO project ? will you have public sale for your token ? and will JAMBO create your supporting telegram groups with different countries or just one official group?
At present, Jambo Network is preparing to go online. We will inform you of the latest news as soon as possible. The official Telegram group of Jambo Network is t.me/Jambonetwork.
At the same time, the Community Volunteer Recruitment of Jambo Network is underway, we welcome everyone to join us!
Q3: The next question comes from @asepsur58799258 For all Crypto and blockchain projects and platforms. Security, scalability and interoperability are the most important factors. So, can you explain what technology Jambo Network uses in its project to make the Jambo Network secure, extensible and operable?
Without a doubt, blockchain has given us a safe and reliable underlying technology, However, each public chain is equivalent to data silo which make it difficult or costly to communicate between data silo.
So the Polkadot’s cross-chain agreement is equivalent to establishing a bridge between data silo.
Based on the Polkadot ecology, each chain can be optimized for a novel design for a specific use case. This means that blockchain can provide better services meanwhile it can also improve efficiency and security by omitting unnecessary costs.
The following are random questions at the scene.
Q1:There are various advertisements on Dapps that are already on the market. JAMBO NETWORK must compete with such existing market. What are the advantages of JAMBO NETWORK?
Jambo can realize value interoperability based on the Polkadot ecology. Even if the user holds Bitcoin, he can also complete the corresponding operations on the application chain. At the same time, the open underlying technology can give developers a diversified autonomy system, such as account systems, consensus mechanisms, etc., which can be customized by themselves.
In addition, Jambo will continue to optimize and enrich the ecological industry, and improve transparency and trust of the ecosystem based on smart contracts. Through the advertisement matching engine, the advertisement content that accurately matches the user’s attributes is screened out, and at the same time, a certain reward is given to the oracle.
In the entire ecosystem, better-quality prediction opportunities will get more rewards, prompting oracles to continuously improve computing power and optimize algorithms, and further promote the continuous development of the ecology.Thanks！
Q2: Is there a system that the Jambo Network has prepared to keep out of cheaters in the future?
In the transition from Web2.0 to Web3.0, the blockchain is an important foundation for safeguarding the Internet to personally control data ownership and achieve personal privacy.
Jambo Network expands the blockchain network with ADX function based on the Polkadot Substract framework.
Parachain uses a trusted (phisher) terminal DAPP (collector) to collect data, uses the in-chain decentralized matching engine ADX (validator), and accesses the Polkadot relay chain to ensure that advertising business data (content, placement, audience, Effect, etc.) is truthful, transparent, and safe.
Q3:One of the problems with platforms that are interoperable is slippage and speed of operations. How does solve this to provide the best service to its users?
With its multi-chain structure, Polkadot can process multiple transactions in parallel. As more chains enter and transaction volume grows, this structure will maintain its scalabilities and be able to increase its throughput.
The Polkadot ecosystem can support at least 10,000 test assemblies through its secondary chain architecture. Each secondary chain can support 1000+TPS. High processing speed is the reason why Jambo Network chose the Polkadot ecosystem.
Done
Thank you very much, Thanks, everyone!
