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DISCLAIMER : I am in no way associated with the PolicyPal team. Neither am I a financial advisor, nor is this meant to be financial advice. Whatever follows, just reflects my understanding of the project, and my personal opinion on its future outlook. We are currently witnessing the early stages of how the blockchain technology is disrupting nearly every industry in some form or the other, despite the technology still being in its infancy, and facing several technological hurdles on its way to global adoption. Blockchain technology has already made inroads into several industries including banking and payment systems, supply chain management, Internet-of-Things (IoT), advertising, energy management, healthcare, retail, real estate, web services, cloud storage, and the list goes on. There is one industry, however, that is still struggling to keep pace with the advent of new consumer technologies in the digital realm: . According to a conducted in 2016 by : the insurance industry study Swiss Re Institute Global direct insurance premiums totalled US$ 4.6 trillion in 2016, which is 6.3% of global gross domestic product. According to another published by in April 2017: report Munich Re The global insurance industry is likely to see slightly increased growth by 2018. In the longer term, the emerging markets of Asia will have the greatest growth potential, and their share of primary insurance premium is expected to be on a par with that of Western Europe in the next few years. Despite being such a massive industry, the . Today, the insurance landscape is filled with a large number of intermediaries, consisting of distribution agents, brokers, and banks, operating with inefficient record-keeping systems that involve storage of documentation in an analog world of paper prints. This makes the insurance claims and distribution process time-consuming, cumbersome, and a frustrating experience for claimants. global insurance ecosystem is still using a largely archaic approach, and has innovated very little towards adoption of new, and more efficient consumer technologies Moreover, due to the general lack of transparency in the insurance industry, in the event of potential insurance claims, the claimants are subjected to an excessive amount of stress associated with understanding the insurance coverage specifics, and the required data collection. Even after meeting all the requirements, insurance claims can take up to several weeks to process after accidents have occurred. launched in April 2016, aims to address the challenges faced by consumers when dealing with insurance, all the way from from selecting and purchasing insurance policies, to completing and processing insurance claims. PolicyPal, What is PolicyPal? PolicyPal is a registered insurance broker in Singapore employing and to digitise insurance policies and allow users to seamlessly select and manage existing policies. machine learning artificial intelligence PolicyPal is also utlising the blockchain technology to build a decentralised platform, called , to bridge the gap between consumers in developing countries, and insurance providers, by transforming accessibility to the insurance ecosystem. PolicyPal Network would allow users to not only choose and purchase insurance policies, but would also serve as a secure validation engine for policy payouts. PolicyPal Network The vision of PolicyPal is two-fold: To lower the barriers associated with traditional insurance coverage for the millions of unbanked people in developing countries who do not have access to adequate insurance protection. To insure commercial companies and individual investors against loss of cryptoassets resulting from security breaches on cryptocurrency exchanges and wallets. How does PolicyPal plan to achieve this? It takes only about 30 seconds for this system to digitise an insurance policy, and through the use of algorithms, determine specific details of the coverage to provide personalized recommendations to the end-users. PolicyPal is using Optical Character Recognition (OCR), rule-based algorithms, and taxonomy to digitise all the insurance policies and automate their analysis. PolicyPal is utilizing data from its growing list of global insurance partners to build Application Programming Interfaces (APIs) to fetch instant insurance policy quotations and coverage details for the consumers. Through gathering data on insurance premiums, policyholder demographics, and claims data, PolicyPal will also identify voids in the insurance market, and co-operate with its insurance partners to create new products to fill these voids. Therefore, PolicyPal is in a relationship with its global insurance partners. symbiotic Finally, , which would significantly enhance the user experience, and the interaction between consumers and insurance providers. The advantages that the blockchain brings to PolicyPal are: PolicyPal Network benefits from the far-reaching improvements that the blockchain technology provides Secure time-stamped storage of all relevant information of policy holders. Automated handling of insurance payouts using smart contracts, thereby resulting in an overall improved operational efficiency. Reduction in insurance fraud due to data immutability and transparency of the blockchain. In the first stage, PolicyPal Network will use the Ethereum blockchain. However, the future plan is to develop a dedicated PolicyPal Network blockchain tailored to its products and services. In line with its two-fold vision mentioned earlier, PolicyPal has two product lines: First product line: CryptoProtect Service CryptoProtect Service is a cyber security service in partnership with global insurers to protect cryptocurrency assets. One of the biggest challenges concerning cryptocurrencies is the security of cryptoassets during storage, either on exchanges, or on the various online and offline wallets. Unfortunate events like the closure of MtGox exchange in February 2014 due to the theft of 850,000 bitcoins, and the hack of Bitfinex exchange in 2016 where about 120,000 bitcoins were stolen, exacerbate the fear of investors concerning the security of their cryptoassets. CryptoProtect service will, therefore, provide cryptocurrency asset insurance to consumers who are either using cryptocurrency wallets, or are trading on cryptocurrency exchanges. Second product line: P2P Mutual Aid products for emerging markets The aim of P2P Mutual Aid products is to create an insurance ecosystem that is powered by communities, such that the more members that join the insurance platform, the stronger the platform becomes. The traditional insurance ecosystem involves a lot of layers, intermediaries, and sub-processes, resulting in higher insurance premiums and poor scalability over extended geographical areas. The process of registering insurance claims in this system is time-consuming and cumbersome for claimants. Insurance claims process in the traditional insurance ecosystem, taken from PolicyPal Network whitepaper found here (PDF) On the other hand, the P2P Mutual Aid insurance via the PolicyPal Network aims to automate the claims process, and through addressing the issue of trust, create an insurance ecosystem that is highly scalable across extended geographical areas. P2P Mutual Aid insurance claims process using the blockchain technology for claims automation, taken from PolicyPal Network whitepaper found here (PDF) P2P Mutual Aid insurance covers a number of insurance types, including life insurance, personal accident plan, property insurance, and agricultural insurance. Team and Advisors PolicyPal’s team consists of highly experienced individuals in insurance, blockchain, finance and technology. The of PolicyPal, , was included in for the category, and has a Masters degree in Business Management from . She has, previously, also held the positions of Assistant Vice President at , and Risk Assurance Associate at . Chief Executive Officer (CEO) and Founder Val Yap Forbes 30 under 30 Asia 2017 Finance & Venture Capital Imperial College London OCBC Bank PwC The of PolicyPal, , has previously held the position of APAC Leader in the . Lucas has worked with several startups in the blockchain and fintech space. He was also the Chief Technology Officer (CTO) of , and is currently an advisor for , a Singapore based blockchain IoT startup. Chief Strategy Officer (CSO) Lucas Chua IBM Global Entrepreneur Program TechinAsia BuzzVox PolicyPal’s team members have previously worked with a number of reputed organizations, including the following: Companies that PolicyPal’s team members have previously worked with The advisory board of PolicyPal is also star-studded with reputed names from the blockchain and fintech space, notably including: — CEO and Founder of and an early investor in , — Founding Partner of , and — Co-founder of , Ethereum’s first ICO. Scott Walchek Trōv Baidu Bo Shen Fenbushi Capital Shaun Djie DigixGlobal Partnerships PolicyPal has already struck partnerships with a number of global insurance companies, including some big names like , , , , , , and . AIG Allianz AXA Bupa Etiqa HSBC Insurance MSIG Singapore Life PolicyPal’s global insurance partners, as of this writing PolicyPal is also engaged in talks with other trusted partners from technology startups, telecom companies, conglomerates, and convenience stores, in countries such as Thailand, Myanmar, Indonesia, and Vietnam. Investors PolicyPal’s investors include reputed organisations like , , , , and . PayPal Incubation 500 Startups Startupbootcamp Fintech Fenbushi Capital BlockAsset Some of PolicyPal’s early investors Awards and Media Coverage The PolicyPal project has received tremendous recognition and numerous awards in Singapore, as well as globally. . The Fintech Sandbox, setup by MAS, enables fintech experimentation so that promising innovations can be tested in the market, and enabled for wider adoption in Singapore and abroad. PolicyPal Singapore is the first startup to successfully graduate from Monetary Authority Singapore (MAS) Fintech Sandbox in August 2017 Following is a list of selected awards and media coverage that PolicyPal has already received: Slush Singapore Top 6 Finalist 2016 NTT Data Singapore Special Award 2016 Seedstars Singapore Finalist 2016 Next Money FF17 HK Finalist 2017 SiTF Awards Finalist 2017 Digital Insurance Agenda Amsterdam Top 50 2017 Orange Fab Asia Winner Tokyo 2017 TiECON 2017 Singapore Finalist 2017 Mondato Summit Asia Finalist 2016 Gold Award — Asia Smart App Summit HK 2017 Unleash Pangea Award Madrid 2017 Inaugural Global Teochew Start-up Competition 2017 T-Hero International Innovation and Entrepreneurship Competition Singapore Winner Straits Times: App that helps you manage your insurance matters Business Times: NTUC Income programme unveils first batch of startups TechWorld: Eight of the coolest startups we met in Singapore last week Roadmap PolicyPal has a very ambitious and active roadmap over the next few months, some of the major milestones being alpha and beta releases of PolicyPal Network, alpha and beta releases of PolicyPal Network Blockchain, and the launch of CryptoProtect and P2P Mutual Aid insurance. As per their whitepaper, following is the roadmap that PolicyPal Network is going to follow through 2018: Q1 2018 Launch of Website and Whitepaper Announcement of Partnerships in emerging countries Proof of concept for CryptoProtect insurance with global insurer Alpha Release: PolicyPal Network on Ethereum Testnet Token Generation Event (“Token Generation Event”) Q2 2018 Alpha Release: PolicyPal Network on Ethereum Testnet with Partner in new country Beta Release: PolicyPal Network on Ethereum Mainnet with Partner in new country Alpha Release: Testing of CryptoProtect insurance with Partner Launch: Cryptocurrency insurance with Global Insurer Alpha Release: Testing of bonus in PAL tokens with selected community members Launch: Bonus in PAL tokens for members who purchase policies Q3 2018 Alpha Release: PolicyPal Network Blockchain Beta Release: PolicyPal Network Blockchain with Proof of Stake Launch: PolicyPal Network Blockchain with exchange of ERC-20 tokens onto PolicyPal Network Mainnet Launch: P2P Mutual Aid Insurance — Personal and Life Insurance on PolicyPal Network Blockchain Q4 2018 Further expansion of PolicyPal Network into other Asian countries Proof of concept for new insurance products with global insurer on Blockchain Launch: P2P Mutual Aid Insurance — Agriculture and Property Insurance on PolicyPal Network Blockchain New product ideas and ongoing iteration PAL Token and Token Sale Metrics In PolicyPal’s ecosystem PAL token holders get the following benefits: Community gets rewarded in PAL tokens for completing surveys. Customers get additional 2% bonus in PAL tokens when buying insurance policies on PolicyPal platform. PAL tokens would be used to operate network nodes on the Proof-Of-Stake (POS) PolicyPal Network blockchain. through a presale and a crowdsale, with a . 17,809 ETH were raised in the presale, and 6000 ETH are allocated for the crowdsale. 50% of the total PAL tokens will be distributed total hard cap of 23,809 ETH (about US$ 23 million as of this writing) The token and funds allocation for PAL are shown below. Token allocation for PAL, taken from PolicyPal Network whitepaper found here (PDF) Allocation of proceeds from PAL token sale, taken from PolicyPal Network whitepaper found here (PDF) As of this writing, the presale is already completed, and the crowdsale is heavily oversubscribed. Bottom Line PolicyPal is using fintech and the blockchain technology to tackle a real-world problem plaguing the traditional insurance industry. Therefore, the project has a very strong use case, and has already established numerous partnerships with insurance companies globally, and as of this writing, alone, since the launch of the product 12 months ago. has already accumulated a user base of over 32,000 in Singapore If PolicyPal delivers on its ambitions, it is expected to be a transformative project for the untapped insurance landscape in developing countries, and for the security of cryptoassets. PolicyPal has very accomplished and competent team members and advisors working on the project, with an ambitious roadmap over the next year. PolicyPal is a project to watch out for, not just by the end-users of its products and services, but also by potential investors in the PAL token. Further Reading on PolicyPal Network : Website http://policypal.network : Telegram http://t.me/policypalnetwork : Twitter http://twitter.com/PolicyPalNET : Whitepaper http://www.policypal.network/whitepaper

PolicyPal Network — A Fintech Startup Taking Insurance to a New Level of Accessibility

I recently Googled And IBM.com gave the top result. As it explains, smart contracts automate coded actions on a cryptocurrency platform (blockchain). So I’m thinking trader bots and escrow agreements. The result also says they can automate a workflow. So hourly, weekly, or monthly (cryptocurrency) payments to a payroll. OK. I guess there is something smart about smart contracts. Coz people usually handle the aforementioned tasks. Then I got to thinking, can smart contracts be as smart as artificial intelligence algorithms? Yes, I Googled. It’s not a thing. Every site talks of a smart contract combined with AI. I want it to become AI. I know, we all want things. If wishes were horses. Nonetheless, I have a few quirky similarities to share. Starting with the cover image. Notice how the Rootstock logo looks a lot like an Artificial Neural Network? I did. Bitcoin’s supply mechanics and the Boltzmann distribution Rootstock is a Bitcoin side chain which means at its heart, it is Bitcoin’s supply mechanics that govern the halving and the difficulty adjustment and more. The true engine of all its smart contracting. While Rootstock was chugging along its Bitcoin rails, on the other side of town, the Nobel Prize in Physics was being awarded to John Hopfield and Geoffrey Hinton “for foundational discoveries and inventions that enable machine learning with artificial neural networks.”- https://www.nobelprize.org/. Their work in machine learning led to GPTs (Generative Pre-trained Transformers), a now famous architecture in major AI systems today. What’s interesting is that foundational to all Artificial Neural Networks (ANNs), as mentioned in the Advanced information section of NobelPrize.org, is something called the Boltzmann Distribution. Below is its mathematical equation to capture the energy E of an ANN; Notice the similarity to the Bitcoin supply equation below (with 3 parameters too! Replace W_ij above with 210,000, S_j with 50, and S_i with 1/2^i) ; What can I say, there is something Bitcoin-like to AI. Both the Boltzmann distribution and the Bitcoin supply equation model an exponential decay/reduction. The former is generalized for the energy of a closed system with n particles, while the latter models the number of bitcoins available to be mined. This too is a closed system with n = number of halvings. The particles can be as many as they want to be (so whether Bitcoin is a planet-sized computational network or a modest network of a dozen PCs, doesn’t matter). But they will all decay in 32 halvings to mine all the bitcoins that can possibly be mined. Approximately 21 million. Now bitcoins are mined in a system that unlike standard computer systems, where linguistic logic coded by a programmer dictates the state of 0s and 1s, this machine changes when it is fed energy... - Sydney Bright, BitcoinMagazine. How smart are Rootstock smart contracts? We have seen that both Rootstock smart contracts and AI algorithms consume energy. So the question is, how well do they consume the energy? Well, both consume it pretty well to make some good money. They are both smart money algorithms in that regard. To see an instance of this, let’s put Rootstock next to ChatGPT in a certain way. Look at the below statistics. Of course, ChatGPT has more users, more money flowing in, and more employees worldwide. It is smart. We all know this. But pound for computational pound, Rootstock does hold its own. Let’s make some assumptions like a Physicist. For example, we can see that Rootstock.io has 261,406 monthly transactions. Assume they are from 261,406 different people. Meanwhile, ChatGPT has 800 million monthly users, generating billions of prompts (similar to transactions) every month. Let’s take their number of monthly users as equivalent to their monthly transactions. Now let’s divide market cap by these monthly figures (this is a made-up metric, but a good one): Rootstock’s “Market cap per monthly user” = $380,000,000 / 261,406 = $1453 ChatGPT’s “Market cap per monthly user” = $157,000,000,000 / 800,000,000 = $196 As you can see, ChatGPT is not doing better than Rootstock in this calculation! And if those 2740 RBTC pegged to BTC soon climb to $100k+ per RBTC (courtesy of the Trump Administration), you bet, ChatGPT will learn all about it. And OpenAI just might consider allying with a newly-unicorn Rootstock to provide paid ChatGPT services in RBTC. Bottom line similarity: Both Rootstock smart contracts and ChatGPT are smart money algorithms with good performance metrics. The former caters to a smaller clientele (Bitcoiners) with deep pockets, while the latter caters to a larger clientele (the world’s literate population) with relatively modest pockets. Speedsters In the Rootstock white paper, while the average confirmation time of BTC transactions is 10 minutes, Rootstock’s RBTC, which holds a 1:1 on-chain peg to BTC, takes only 30 seconds in average confirmation time. This implies that RBTC transactions are almost as fast as Bitcoin Lightning Network transactions, which are the fastest transactions in the world. Just as well, ChatGPT prompts are so fast that users can get replies in a few seconds for straightforward queries. So while superhuman digital intelligence zips across the world in seconds to make our minds smarter, digital capital zips across the world in seconds to quench wealth asymmetries and provide opportunity to us all. Fast money and Fast intelligence. My kind of speed. *** Miscellaneous: Two whales to inspire smarter smart contracts Given what is happening in the AI and Cryptocurrency/Bitcoin space, future Rootstock smart contracts would do well to peg to a fast-growing Bitcoin whale like MicroStrategy, or a technology whale like Nvidia. Why? Here’s Nvidia’s stock graph in October. And here’s MicroStrategy’s stock graph. MSTR did better than NVDA last month, but they are both going to the moon in the long run. Just like the Bitcoin and AI markets whose CAGR is looking at double digits all the way to 2030 (>20% for both as per Statista.com). For their sake, Rootstock smart contracts will be on these rocket rides. Then they just might become really smart smart contracts. I recently Googled And IBM.com gave the top result. As it explains, smart contracts automate coded actions on a cryptocurrency platform (blockchain). So I’m thinking trader bots and escrow agreements. The result also says they can automate a workflow. So hourly, weekly, or monthly (cryptocurrency) payments to a payroll. OK. I guess there is something smart about smart contracts. Coz people usually handle the aforementioned tasks. Then I got to thinking, can smart contracts be as smart as artificial intelligence algorithms? Yes, I Googled. It’s not a thing. Every site talks of a smart contract combined with AI. I want it to become AI. combined become I know, we all want things. If wishes were horses. Nonetheless, I have a few quirky similarities to share. Starting with the cover image. Notice how the Rootstock logo looks a lot like an Artificial Neural Network? I did. Bitcoin’s supply mechanics and the Boltzmann distribution Rootstock is a Bitcoin side chain which means at its heart, it is Bitcoin’s supply mechanics that govern the halving and the difficulty adjustment and more. The true engine of all its smart contracting. While Rootstock was chugging along its Bitcoin rails, on the other side of town, the Nobel Prize in Physics was being awarded to John Hopfield and Geoffrey Hinton “for foundational discoveries and inventions that enable machine learning with artificial neural networks.”- https://www.nobelprize.org/ . “for foundational discoveries and inventions that enable machine learning with artificial neural networks.”- https://www.nobelprize.org/ Their work in machine learning led to GPTs (Generative Pre-trained Transformers), a now famous architecture in major AI systems today. What’s interesting is that foundational to all Artificial Neural Networks (ANNs), as mentioned in the Advanced information section of NobelPrize.org, is something called the Boltzmann Distribution. Advanced information Below is its mathematical equation to capture the energy E of an ANN; energy Notice the similarity to the Bitcoin supply equation below (with 3 parameters too! Replace W_ij above with 210,000, S_j with 50, and S_i with 1/2^i) ; What can I say, there is something Bitcoin-like to AI. Both the Boltzmann distribution and the Bitcoin supply equation model an exponential decay/reduction. The former is generalized for the energy of a closed system with n particles, while the latter models the number of bitcoins available to be mined. This too is a closed system with n = number of halvings. The particles can be as many as they want to be (so whether Bitcoin is a planet-sized computational network or a modest network of a dozen PCs, doesn’t matter). But they will all decay in 32 halvings to mine all the bitcoins that can possibly be mined. Approximately 21 million. Now bitcoins are mined in a system that unlike standard computer systems, where linguistic logic coded by a programmer dictates the state of 0s and 1s, this machine changes when it is fed energy... - Sydney Bright, BitcoinMagazine. unlike standard computer systems, where linguistic logic coded by a programmer dictates the state of 0s and 1s, this machine changes when it is fed energy ... - Sydney Bright, BitcoinMagazine . energy BitcoinMagazine How smart are Rootstock smart contracts? We have seen that both Rootstock smart contracts and AI algorithms consume energy. So the question is, how well do they consume the energy? Well, both consume it pretty well to make some good money. They are both smart money algorithms in that regard. To see an instance of this, let’s put Rootstock next to ChatGPT in a certain way. Look at the below statistics. Of course, ChatGPT has more users, more money flowing in, and more employees worldwide. It is smart. We all know this. But pound for computational pound, Rootstock does hold its own. Let’s make some assumptions like a Physicist. For example, we can see that Rootstock.io has 261,406 monthly transactions. Assume they are from 261,406 different people. Meanwhile, ChatGPT has 800 million monthly users, generating billions of prompts (similar to transactions) every month. Let’s take their number of monthly users as equivalent to their monthly transactions. Now let’s divide market cap by these monthly figures (this is a made-up metric, but a good one): Rootstock’s “ Market cap per monthly user ” = $380,000,000 / 261,406 = $1453 Market cap per monthly user ChatGPT’s “ Market cap per monthly user ” = $157,000,000,000 / 800,000,000 = $196 Market cap per monthly user As you can see, ChatGPT is not doing better than Rootstock in this calculation! And if those 2740 RBTC pegged to BTC soon climb to $100k+ per RBTC (courtesy of the Trump Administration), you bet, ChatGPT will learn all about it. And OpenAI just might consider allying with a newly-unicorn Rootstock to provide paid ChatGPT services in RBTC. Bottom line similarity: Both Rootstock smart contracts and ChatGPT are smart money algorithms with good performance metrics. The former caters to a smaller clientele (Bitcoiners) with deep pockets, while the latter caters to a larger clientele (the world’s literate population) with relatively modest pockets. Speedsters In the Rootstock white paper , while the average confirmation time of BTC transactions is 10 minutes, Rootstock’s RBTC, which holds a 1:1 on-chain peg to BTC, takes only 30 seconds in average confirmation time. Rootstock white paper This implies that RBTC transactions are almost as fast as Bitcoin Lightning Network transactions, which are the fastest transactions in the world . fastest transactions in the world Just as well, ChatGPT prompts are so fast that users can get replies in a few seconds for straightforward queries . users can get replies in a few seconds for straightforward queries So while superhuman digital intelligence zips across the world in seconds to make our minds smarter, digital capital zips across the world in seconds to quench wealth asymmetries and provide opportunity to us all. Fast money and Fast intelligence. My kind of speed. *** Miscellaneous: Two whales to inspire smarter smart contracts Given what is happening in the AI and Cryptocurrency/Bitcoin space, future Rootstock smart contracts would do well to peg to a fast-growing Bitcoin whale like MicroStrategy, or a technology whale like Nvidia. Why? Here’s Nvidia’s stock graph in October. And here’s MicroStrategy’s stock graph. MSTR did better than NVDA last month, but they are both going to the moon in the long run. Just like the Bitcoin and AI markets whose CAGR is looking at double digits all the way to 2030 (>20% for both as per Statista.com). For their sake, Rootstock smart contracts will be on these rocket rides. Then they just might become really smart smart contracts. really smart

What's With the Similarities Between Rootstock Smart Contracts and Artificial Intelligence

ما هي أوجه التشابه بين عقود Rootstock الذكية والذكاء الاصطناعي

Какво има в приликите между интелигентните договори на Rootstock и изкуствения интелект

রুটস্টক স্মার্ট চুক্তি এবং কৃত্রিম বুদ্ধিমত্তার মধ্যে মিলের সাথে কী আছে

Was ist mit den Ähnlichkeiten zwischen Rootstock Smart Contracts und künstlicher Intelligenz?

Τι υπάρχει με τις ομοιότητες μεταξύ των έξυπνων συμβάσεων Rootstock και της τεχνητής νοημοσύνης

¿Qué tienen en común los contratos inteligentes de Rootstock y la inteligencia artificial?

מה הקשר בין חוזים חכמים Rootstock לבין בינה מלאכותית

Ի՞նչ նմանություններ կան Rootstock խելացի պայմանագրերի և արհեստական ինտելեկտի միջև

Apa Persamaan Antara Kontrak Cerdas Rootstock dan Kecerdasan Buatan?

Rootstock スマート コントラクトと人工知能の類似点とは

Seo se lego ka go swana Magareng ga Dikonteraka tša Rootstock Smart le Bohlale bja Maitirelo

“Rootstock” akylly şertnamalary we emeli intellektiň arasyndaky meňzeşlikler näme

Hey there, speedster! Is your heavy-duty web app chugging like a tortoise on a coffee break or you’d love to make the faster web app? Well, you're in the right place because we're about to turn that digital sloth into a digital cheetah on an espresso binge! Welcome to the ultimate guide on making your web app faster than a caffeinated hummingbird on rollerblades. We've got tricks up our sleeves that'll make your code say 'I feel the need... the need for speed!' Due to a slower response from your app and a frustrated user has mistakenly sent his CV to WWE, what would happen 😁? Terrible? Awh, yeah! Buckle up, my friend, because we're about to hit the accelerator on your web app's cloud computation. It's time to leave the digital snail club and join the rocket ship league🚀! This article attempts to offer guidelines in simple language so that even readers with a non-technical background can get what’s going on while scrolling down the page. First, it is still safe to mention that fast cloud computation for a heavy-duty web application consists of optimizing various aspects of your application's infrastructure and architecture to ensure it can handle a large number of users and data processing efficiently. If your business needs web apps that should handle a massive influx of users’ requests then these tricks are for you too because no one loves to lose their valuable time. What Is Cloud Computing? Cloud computing refers to the delivery of computing services over the Internet by providing access to a wide range of resources and capabilities without the need for local infrastructure. In essence, it allows users to utilize and manage computing resources as a utility which is similar to electricity or water supply. Key characteristics and components of cloud computing include: ✅On-Demand Service ✅Broad Network Access ✅Resource Pooling ✅Rapid Elasticity ✅Measured Service Cloud computing services are typically categorized into three primary service models: IaaS provides virtualized computing resources over the internet. Users can rent virtual machines, storage, and networking infrastructure, allowing them to build and manage their own virtualized environments. Infrastructure as a Service (IaaS): PaaS offers a higher level of abstraction than IaaS. It provides a platform that includes not only infrastructure but also development tools and services. Users can focus on developing and deploying applications without managing the underlying infrastructure. Platform as a Service (PaaS): SaaS delivers fully functional software applications over the Internet on a subscription basis. Users can access and use software applications hosted by the service provider without needing to install or maintain them locally. Software as a Service (SaaS): Cloud computing can be deployed in various deployment models: Resources are owned and operated by a cloud service provider and made available to the general public. Examples include . Public Cloud: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) Resources are dedicated to a single organization and can be hosted on-premises or by a third-party provider. Private clouds offer more control and security but may involve higher costs. Private Cloud: Combines public and private cloud resources by allowing data and applications to be shared between them. Hybrid clouds offer flexibility and can help organizations balance cost, control, and scalability. Hybrid Cloud: Involves the use of multiple cloud providers to avoid vendor lock-in, enhance resilience, and optimize cost and performance. Multi-Cloud: Cloud Computing alone doesn’t work efficiently if the following speed-boosting techniques are not properly adopted for your web app. Here are some key steps to achieve fast cloud computation for your web app by avoiding recurring mistakes: 1. Lazy Loading: Users don’t love to use web apps that need more internet resources as well as time to load web content so you can implement lazy loading for images and other non-essential resources. Load them only when they come into the user's view so it can effectively reduce initial page load times. ✅Benefits: Faster initial page load. It conserves bandwidth because it avoids unnecessary downloads of assets that users may never see if they don't scroll down the page. Servers experience reduced load because they don't need to process and deliver all assets at once. Users can start interacting with the visible content of the page sooner. The amount of data that needs to be transferred over the network during the initial page load. It can benefit search engine optimization (SEO) by prioritizing the loading of important content first. Even if the overall page load time remains the same, lazy loading can make the perceived latency lower. Essentially, a heavy-duty web app requires loading mandatory features to meet users’ demands and it should be carefully considered otherwise users might get distracted. Here is a well-working example that the component. uses React Lazy Load This technique has been already deployed into some of the popular platforms like , etc. You can just scroll down the pages of the search result to see loaded and unloaded images on the page. Google Image Bing Image Search, Also, it's time to avoid those old tags and embrace the future with tags. Picture tags are like having a conversation with your browser. Let it know about the types of images you have and allow it to choose the best one to download based on the device's screen size and supported formats. You can do it as follows: img picture <picture>
   <source srcset="/media/examples/alternate-image-240-200.jpg"
      media="(min-width: 800px)">
   <img src="/media/examples/alternate-image-298-332.jpg" />
</picture> 2. Right Cloud Provider: There are so many online cloud providers to offer cloud computing for your service but sometimes, it is challenging to pick the best-suited providers for you. You should select a cloud provider that offers the necessary computing power and scalability for your application. Popular options include AWS, , , , and others. Assess your specific requirements, budget, and the provider's services before making a decision. Azure IONOS Cloud Compute Engine Google Cloud 3. Prefetching: You can use browser prefetching to load critical resources in the background while the user interacts with your site and it is also a proven fact that faster load times assist higher conversion rates to enhance the user experience. This anticipates their needs and makes your app appear faster. For your reference, you can use the attribute which is used in HTML to instruct the browser to prefetch a resource (such as a script, stylesheet, image, or other asset) in the background. It helps to improve the perceived performance of your web application by loading resources before they are actually needed. Here's how to use guide from . rel="prefetch" rel="prefetch" a well-organized resource 4. HTTP/2 and HTTP/3: If your server supports it, enable HTTP/2 or HTTP/3 for faster and more efficient data transmission. These protocols reduce latency and improve page load times. The dynamic duo of faster web surfing! Is your server feeling a bit old-fashioned and trudging along at a snail's pace? It's time to switch to the superheroes of data transmission: ! HTTP/2 and HTTP/3 Imagine HTTP/2 and HTTP/3 as the Flash and Quicksilver of the internet, whizzing around at lightning speed to fetch your web content. When your server supports these protocols, it's like giving your website a rocket-powered surfboard. HTTP/2 and HTTP/3 have a secret power: they reduce latency which is a fancy word for " " Nobody likes waiting. These protocols make your website load faster than a squirrel on caffeine😁. waiting around. So, if you want your users to have a web experience smoother, enable HTTP/2 or HTTP/3. It's like upgrading your old bicycle to a turbocharged sports car but for your website. Fasten your seatbelts, folks, because your web pages are about to take off like a rocket to the moon! 5. Content Delivery Network (CDN) Fine-Tuning: Optimize your CDN settings for your specific use case.  Experiment with cache settings and edge locations to maximize content delivery speed like playing with LEGO blocks, but for faster websites! In simple words, imagine your website as a giant LEGO castle. Now, the CDN is your secret stash of LEGO pieces that you use to build that castle even faster! Here's the deal: CDNs are like magical teleporters for your web content. But to make them work like a wizard's spell, you've got to fine-tune those CDN settings. It's like adjusting the turbo boosters on your spaceship😉! It's about ensuring that your CDN works harmoniously with your web app to deliver content efficiently. Here's what you need to do: ✅ Adjust the cache settings to strike the right balance between serving fresh content and reducing server load. Proper caching ensures that frequently accessed content is readily available to users and it enhances page load times. Cache Settings: ✅ Consider the geographical distribution of your users and strategically place edge locations. The goal is to minimize the physical distance between users and content delivery servers to reduce latency and improve the overall speed of content delivery. Edge Locations: In the world of web development, CDN fine-tuning is your superpower—like having the ability to build LEGO castles in seconds and make them teleport wherever you want. 6. Resource Minification and Bundling: You can minify and bundle CSS and JavaScript files to reduce the number of HTTP requests and decrease load times. Think of it as tidying up your digital closet. Just like you bundle and compress clothes to make your wardrobe more efficient, minifying and bundling CSS and JavaScript files assists your web app’s performance. Here's the drill: This is like getting rid of all the extra fluff in your code. Unnecessary spaces, comments, and line breaks are trimmed away to keep only the essential instructions. ✅Minify: Imagine you have a bunch of small packages to send. Instead of mailing them one by one, you gather them into a single, more substantial parcel. Bundling does just that for your CSS and JavaScript files to reduce the number of HTTP requests your website needs to make. ✅Bundling: So, while it might not be as exciting as organizing your closet, resource minification and bundling are the digital techniques that assist your web app to perform faster and more efficiently. Less waiting, more speed! 7. Progressive Web Apps (PWAs): Turn your web app into a PWA to provide an app-like experience, including faster load times, offline capabilities, and smoother performance. Transform your standard web app into a PWA using the mighty library like . Workbox library Why settle for ordinary when you can offer your users an extraordinary experience? Here's what Workbox brings to the table: Say goodbye to slow-loading pages. PWAs with Workbox ensure swift and efficient loading, so your users can dive right into your app without frustrating delays. ✅Faster Load Times: With Workbox, your PWA isn't afraid of going offline. It caches essential resources by allowing your app to function even when there's no internet connection. It's like having a trusty backup generator for your digital world. ✅Offline Capabilities: Workbox optimizes your PWA's performance by making interactions buttery smooth. Users won't even notice the transitions between online and offline modes – it's that seamless. ✅Smoother Performance: 8. Service Workers: Utilize service workers to cache assets and enable offline access. It improves the perceived speed of your web app. You can do it by using a library like Workbox and here is an example for service workers in a JavaScript application. import { registerRoute } from 'workbox-routing';
import { CacheFirst } from 'workbox-strategies';
import { CacheableResponsePlugin } from 'workbox-cacheable-response';

const pageStrategy = new CacheFirst({
  // Put all cached files in a cache named 'pages'
  cacheName: 'pages',
  plugins: [
    // Only requests that return with a 200 status are cached
    new CacheableResponsePlugin({
      statuses: [200],
    }),
  ],
}); Prefer this for more hints and strategies. guide This code configures a caching strategy for pages using the strategy and the . CacheFirst CacheableResponsePlugin 9. Browser Caching: You can use browser caching by setting appropriate cache headers for static assets. The best way is to use browser HTTP caching to improve the performance of your web app by reducing the need for redundant downloads of resources like images, stylesheets, and scripts. Browser caching allows the client's browser to store and reuse these resources so that it assists in achieving faster load times and reduced server load. Here's how to utilize browser HTTP caching: ✅Setting Cache-Control Headers: Cache-Control: public, max-age=3600 ✅Cache-Busting Techniques: <link rel="stylesheet" href="styles.css?v=2023-09-06"> 10. Content Delivery Strategy: Implement intelligent content delivery strategies to serve content from the nearest server location to the user. This approach aims to minimize latency which is the delay between a user's request for a web resource and its delivery. The key elements of content delivery strategy involve: 11. Adaptive Images: To deliver a seamless user experience across a variety of devices, it's crucial to employ adaptive image techniques. These strategies involve using responsive design principles to serve images of the right size and format based on the user's device capabilities. Here are some techniques: Create multiple versions of an image in various resolutions and sizes. Use CSS media queries to determine the user's viewport size and load the appropriate image version. So, it prevents users from downloading unnecessarily large images on smaller screens. ✅Image Scaling: HTML's srcset attribute allows you to specify multiple image sources with different resolutions. Browsers can then choose the most suitable image based on the user's device characteristics. For example: ✅Srcset Attribute: <img src="small.jpg" 
     srcset="small.jpg 300w,
             medium.jpg 600w,
             large.jpg 1200w"
     sizes="(max-width: 600px) 100vw, 50vw"> The element provides more control over adaptive images. It allows you to define multiple sources and media conditions to choose the best image source for different scenarios, including varying screen sizes and resolutions. ✅Picture Element: <picture> <picture>
  <source srcset="small.jpg" media="(max-width: 600px)">
  <source srcset="medium.jpg" media="(max-width: 1200px)">
  <img src="large.jpg" alt="An adaptive image">
</picture> 13. Database Sharding: If your web app involves heavy database usage, then it is better to consider sharding your database to distribute the load across multiple servers for faster query performance and cloud computing as well. Essentially, database sharding is a database architecture technique used to partition data across multiple database servers or shards. It is primarily employed to improve the scalability and performance of web applications. 14. Edge Computing: It is a distributed computing approach where certain processing tasks are executed closer to the data source or user rather than relying solely on centralized servers in a remote data center. This concept brings computation to the of the network which is closer to where it's needed most—your users. Imagine your web app as a grand performance, and your servers as backstage crew members. Edge computing allows some of those crew members to move closer to the stage by allowing the show to run smoothly and without delays. "edge" Here's how it benefits your web app: Reduced Latency Bandwidth Savings Enhanced Reliability Scalability 15. Connection Pooling: Let's have a look into caching. It’s a web optimization technique that's like a secret stash of your web files stored in a lightning-fast vault. Here's the lowdown: 📥What is Caching? Caching is the art of preserving a snapshot of your web files in a special storage haven known as a cache. It's a bit like having a quick-access drawer for your favorite snacks – everything's ready for munching without the hassle of fetching it from the pantry. 📥Why Cache? Enabling browser caching offers various of benefits: Caching reduces the need for repetitive resource downloads, saving precious bandwidth. Bandwidth Bliss: With cached files, your web pages load faster than a ninja on roller skates, delivering a seamless user experience. Speedster's Paradise: Users experience reduced waiting times, thanks to cached content being served swiftly from their local device. Latency Lightened: Less frequent server requests mean a lighter workload for your server, leaving it cool, calm, and collected. Server Stress Relief: 📥A Word of Caution But wait, there's a trade-off: caching means you'll essentially have two versions of your website at any given time. While this isn't usually an issue for static content, it can pose challenges for real-time services reliant on up-to-the-minute data accuracy. ✅The Solution? Fear not! Even for real-time services, cache strategies can be fine-tuned to clear specific cache subsections when new data arrives, keeping your information fresh and accurate. In the world of web optimization, caching is your trusty sidekick, boosting performance and user satisfaction. It's all about delivering the goods faster and smarter!" 16. Data Caching: Implement data caching at the application level to store frequently accessed data in memory by reducing the need for repeated database queries. 17. Content Compression: Compress text-based responses using compression to reduce the amount of data transferred over the network. Also, you might prefer to check this . gzip or Brotli well-instructed guide 18. Distributed Content Delivery: You can use cloud regions for to ensure global users experience low-latency access. multiple distributed content delivery Wrapping Up: Alright, friends, we believe that your web app is now transferred from a digital sloth to a caffeinated cheetah on rollerblades! Users won't be sending CVs to WWE anymore. With lazy loading, rocket-powered servers, prefetching magic, and even squirrels on caffeine (thanks to ), your web app is faster than ever. It's like having a superhero makeover for your code. So, keep sipping that espresso, because your web app should be on a rocket to the moon now! HTTP/2 and HTTP/3

Turbocharge Your Heavy-Duty Web App: Speed Hacks for Lightning-Fast Cloud Computation

First and Last Things by H. G. Wells, is part of the HackerNoon Books Series. You can jump to any chapter in this book here . THE WEAKNESS OF IMMATURITY THE WEAKNESS OF IMMATURITY. One is apt to write and talk of strong and weak as though some were always strong, some always weak. But that is quite a misleading version of life. Apart from the fact that everyone is fluctuatingly strong and fluctuatingly weak, and weak and strong according to the quality we judge them by, we have to remember that we are all developing and learning and changing, gaining strength and at last losing it, from the cradle to the grave. We are all, to borrow the old scholastic term, pupil-teachers of Life; the term is none the less appropriate because the pupil-teacher taught badly and learnt under difficulties. It may seem to be a crowning feat of platitude to write that “we have to remember” this, but it is overlooked in a whole mass of legal, social and economic literature. Those extraordinary imaginary cases as between a man A and a man B who start level, on a desert island or elsewhere, and work or do not work, or save or do not save, become the basis of immense schemes of just arrangement which soar up confidently and serenely regardless of the fact that never did anything like that equal start occur; that from the beginning there were family groups and old heads and young heads, help, guidance and sacrifice, and those who had learnt and those who had still to learn, jumbled together in confused transactions. Deals, tradings and so forth are entirely secondary aspects of these primaries, and the attempt to get an idea of abstract relationship by beginning upon a secondary issue is the fatal pervading fallacy in all these regions of thought. At the present moment the average age of the world is I suppose about 21 or 22, the normal death somewhen about 44 or 45, that is to say nearly half the world is “under age,” green, inexperienced, demanding help, easily misled and put in the wrong and betrayed. Yet the younger moiety, if we do indeed assume life’s object is a collective synthesis, is more important than the older, and every older person bound to be something of a guardian to the younger. It follows directly from the fundamental beliefs I have assumed that we are missing the most important aspects of life if we are not directly or indirectly serving the young, helping them individually or collectively. Just in the measure that one’s living falls away from that, do we fall away from life into a mere futility of existence, and approach the state, the extraordinary and wonderful middle state of (for example) those extinct and entirely damned old gentlemen one sees and hears eating and sleeping in every comfortable London club. That constructive synthetic purpose which I have made the ruling idea in my scheme of conduct may be indeed completely restated in another form, a form I adopted for a book I wrote some years ago called “Mankind in the Making.” In this I pointed out that “Life is a tissue of births”; “and if the whole of life is an evolving succession of births, then not only must a man in his individual capacity (physically as parent, doctor, food dealer, food carrier, home builder, protector; or mentally as teacher, news dealer, author, preacher) contribute to births and growths and the fine future of mankind, but the collective aspects of man, his social and political organizations must also be, in the essence, organizations that more or less profitably and more or less intentionally set themselves towards this end. They are finally concerned with the birth, and with the sound development towards still better births, of human lives, just as every implement in the toolshed of a seedsman’s nursery, even the hoe and the roller, is concerned finally with the seeding and with the sound development towards still better seeding of plants. The private and personal motive of the seedsman in procuring and using these tools may be avarice, ambition, a religious belief in the saving efficacy of nursery keeping or a simple passion for bettering flowers, that does not affect the definite final purpose of his outfit of tools. “And just as we might judge completely and criticize and improve that outfit from an attentive study of the welfare of plants, and with an entire disregard of his remoter motives, so we may judge all collective human enterprises from the standpoint of an attentive study of human births and development. ANY COLLECTIVE HUMAN ENTERPRISE, INSTITUTION, MOVEMENT, PARTY OR STATE, IS TO BE JUDGED AS A WHOLE AND COMPLETELY, AS IT CONDUCES MORE OR LESS TO WHOLESOME AND HOPEFUL BIRTHS, AND ACCORDING TO THE QUALITATIVE AND QUANTITATIVE ADVANCE DUE TO ITS INFLUENCE MADE BY EACH GENERATION OF CITIZENS BORN UNDER ITS INFLUENCE TOWARDS A HIGHER AND AMPLER STANDARD OF LIFE.” And individual conduct, quite as much as collective affairs, comes under the same test. We are guides and school builders, helpers and influences every hour of our lives, and by that standard we can and must judge all our ways of living. About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. H. G. Wells (2009). First and Last Things: A Confession of Faith and Rule of Life. Urbana, Illinois: Project Gutenberg. Retrieved October 2022, https://www.gutenberg.org/files/4225/4225-h/4225-h.htm This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org , located at https://www.gutenberg.org/policy/license.html .

THE WEAKNESS OF IMMATURITY

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