AlarmX - Security Monitoring on Blockchain

Tuesday, September 4, 2018

AlarmX Corporation is a security alarm monitoring solutions company based in Honolulu, Hawaii. The founders of AlarmX created the AlarmX coin because they saw the need to bring the entire security alarm industry forward using blockchain technology, making security monitoring decentralized, peer to peer and autonomous. This has applications in, but not limited to residential, commercial, military, foreign governments and other allied countries across the globe.

Anyone, anywhere that is on our blockchain can be monitored and secured privately. Our user interface uses tensorflow as input to enter data into our machine learning module. This module gathers data from the nodes on the blockchain, it goes out to the cloud, AI then takes the data brought back and uses that to construct a custom algorithm that is stored in a data vault. These algorithms can be used to troubleshoot and explain problems to give solutions to users and security companies that are using the AlarmX blockchain.

Unique Innovation

AlarmX is a third-generation coin based on Dash technology that has been proven and trusted which is why AlarmX Corporation chose to fork from the Dash blockchain using the same algorithms but forming a different chain. The AlarmX coin will be used by customers to pay for their security monitoring service and purchase security equipment ie. sensors, cameras, and key fobs. The items ordered by the customer, based on the self-design of their security system will begin shipping out in the first quarter of 2019. Whether using a self-designed security system or a system designed by a security professional from an existing security alarm provider partner company , AlarmX will use software as a service (SaaS) to deliver a wireless security monitoring service platform that runs on blockchain technology. SaaS will integrate with the internet of things ( IOT) to bring people and devices together to input information through our user interface (UI). AlarmX will use Cloud AutoML translation and leverage Google’s proprietary technology, which offers fast performance and accurate predictions . Once the nodes are on the blockchain user input will be necessary to help AI create predictive algorithms.

How It Works

The AlarmX coin will be used by customers to pay for their security monitoring service, and purchase security equipment i.e. sensors, cameras, and key fobs. Through the internet of things (IOT) we can connect any device with an on and off switch to the Internet (and/or to each other). The user interface (UI) connects directly to the customers AlarmX core wallet on the Blockchain network. If there is an attempted breach on the blockchain an alert will be sent to your phone based on the radius you programmed on your App.

One of the biggest issues with the alarm industry today is they are years behind the technology adoption curve and when you think about security monitoring it's even further behind. AlarmX Corporation is bringing the entire security alarm monitoring industry up to speed, and will afford other security third party installers and monitoring services the opportunity to white list our services as their own. We have partnered with an industry leader in the security monitoring service called Vyanet who has been around since 1969. Blockchain technology software will be offered as software as a service (SaaS) with machine learning, TensorFlow input and cloud Artificial Intelligence that will gather predictive behavior and solutions with algorithms. These algorithms will advance society and propel the entire security monitoring industry into the future by utilizing the AlarmX security monitoring service on the Blockchain.

Beta Testing

Beta testing is one of the most important parts in product development, and once it’s successfully completed, it ensures that the product provides an excellent user experience without fail or any glitches. Beta testers will come from a pool of established customers from Vyanet and investors who are currently mining and staking the AlarmX coin. Beta testers will be the first to use our product and security monitoring service for a stipulated period of time. Data will be collected and reports generated that will expose both strengths and weaknesses in our processes before the product and service is released to the general public. It is only through proper QA and testing strategy can a defect-free product and service be released.

Coin Specification

Owning an AlarmX masternode connects your computer to a specialized computer network on the AlarmX Blockchain that was forked from Dash. AlarmX has two types of networks nodes and masternodes. Nodes do the mining that creates new coins on the AlarmX network, and masternodes perform specialized transactions like InstantSpend and PrivateSend. Masternodes sustain and care for the AlarmX ecosystem , while nodes mine for coins. When miners mine for AlarmX they can convert these coins into USD, Bitcoin , Eth or other coins. Minimum AlarmX investment is 1000 AlarmX coins to get a masternode, the owner will leave the coins in the wallet to enable the masternode functionality. This means they cannot withdraw, convert or send it out of the wallet. Once the balance drops below 1000 AlarmX, the owner will lose their voting rights and are effectively blocked from the AlarmX masternode network.

Reward Breakdown

50:50 Masternodes reward 9 / Miners 9 in one month
60:40 Masternode reward 10.8 / Miners 7.2 in one month
70:30 Masternode reward 12.6 / Miners 5.4 in one month

Block rewards: 18 ALRMX

576 blocks per day
576 * 18 = 10368 coins per day
The block rewards decline by ~7.1% per year

From block 0 to 17280Masternode: 50%
Miners: 50%

From Block 17280 - 34560
Masternode: 60%
Miners: 40%

From 34560 and beyond
Masternode: 70%
Miners: 30%


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Author: indopool
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