Interview with LKBT founder Amos Lang: the value of data beyond people's imagination in the era of big data

Hongkong, Oct 21, 2019 - (Asia Presswire) - "In the era of big data, data is priceless, and its preciousness will far exceed people's imagination," LKBT founder Amos Lang said in an interview.


Generalized Data and Narrow Data

Firstly, Amos Lang revealed that data has different forms of expression, such as numbers, words, images, sounds, etc. It is the carrier of information, which is represented by various forms such as databases, documents, pictures, videos, etc., and the existence of data is based on input and output of the information systems. In the era of big data, data is priceless, and its preciousness will far exceed people's imagination. The narrowly defined data is the data itself; while the generalized data includes data, knowledge, algorithms, and computational power. The data in LKBT refers to generalized data.


Knowledge is in line with the direction of civilization, the sum of the results of human exploration of the material world and the spiritual world. Algorithm is an accurate and complete description to the solution, and it is a series of clear instructions to solve the problem. The algorithm represents a systematic way to describe the problem-solving strategy. That is to say, it is possible to obtain the required output in a limited time for a certain input. Computational power refers to storage resources and computing resources distributed in different places.


LKBT provides a foundation for the global circulation of data, knowledge, algorithms and computing power, enabling trusted transactions and billing services for data, seamlessly connecting with LEBEN and other knowledge-based computing operating systems and data trading systems.


Realize the True Value of Data with Blockchain Technology

Furthermore, Amos Lang also pointed out that to achieve the true value of data, you must rely on blockchain technology. Blockchain is a decentralized distributed ledger system that can be used to register and issue digital data, title documents, points, etc., and it can transfer, pay, and trade in a peer-to-peer manner. The blockchain system, compared to the traditional centralized ledger system, has the advantages of being completely open, non-tamperable, preventing multiple payments, and never relying on any trusted third party.


Due to the high network delay in the peer-to-peer network, the order of transactions observed by each node may not be exactly the same. Therefore, the blockchain system needs to design a mechanism to agree on the order of transactions that occur within a similar period of time. This algorithm for agreeing on the order of transactions within a time window is called a "consensus mechanism."


Those to-be-executed transactions and their execution order must reach an agreement if LKBT, pivoted on BFT mechanism of LkbtBFT consensus protocol, achieves all certifying nodes. LkbtBFT completes the verification through the pre-approved authoritative node. Through the preset verification and voter’s list, the block data can be voted and verified in a short time, upon which the block data is agreed, which can reduce the complexity and scope of blockchain transaction verification, improve the information processing capability of blockchain, and support the demand for high throughput processing capability. LkbtBFT consensus protocol strikes a balance between high transaction throughput, low latency and higher energy efficiency.


About LKBT

LKBT is the world's first blockchain infrastructure designed specifically for data (knowledge, algorithm, computing power) trusted transactions and clearing. The goal is to clearly define the quality standards of data (knowledge, algorithms and computing power), pricing rules , transaction clearing system and system, completely solve the problems of digit (knowledge, algorithm and computing power) in transactions that are difficult to negotiate, difficult to price, difficult to calculate the billing and difficult to clear. Know more please visit LKBT official website:


(*Any question about the press release, please contact the editor


Media Contact: 

Company Name: LKBT

City, State, Country: Dongcheng district, Beijing, China

Address: 2th floor, building B7yonghe one center, dongcheng district, Beijing, China

Contact Person: Arthur

Tele: +86 13520574127



Latest News

Streep, Miranda and Stone are named as Met Gala co-0chairs

Nov 22, 2019

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

US tells UN it is pulling out of Paris climate deal

Nov 22, 2019

WASHINGTON — The United States has told the United Nations it has begun the process of pulling out of the landmark 2015 Paris climate agreement. Secretary of State Mike Pompeo said Monday that he submitted a formal notice to the United Nations. That starts a withdrawal process that does not become official for a year. His statement touted America's carbon pollution cuts and called the Paris deal an "unfair economic burden" to the U.S. economy. Nearly 200 nations signed the climate deal in which each country provides its own goals to curb emissions of heat-trapping gases that lead to climate...

Riot police storm Hong Kong malls to nip more protests

Nov 22, 2019

HONG KONG — Riot police stormed several malls in Hong Kong on Sunday in a move to thwart more pro-democracy protests, as the city's leader heads to Beijing for talks on deepening economic integration between the semi-autonomous Chinese territory and mainland China. There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn't pan out Sunday as scores of riot police took...

US economy defies threats with a solid job gain for October

Nov 22, 2019

WASHINGTON — A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as unemployed because of the now-settled strike against General Motors. What's more, the government revised up its combined estimate of job growth for August and September by a robust 95,000. Though the unemployment rate ticked up from 3.5% to 3.6% in October, it's still near a five-decade low. And for a second straight...

Draghi stepped in during euro's darkest hour

Nov 22, 2019

FRANKFURT, Germany — Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank's arsenal of crisis-fighting tools with new and unconventional policies, measures that he and others say helped end a financial crisis in 2010-2012 and create millions of jobs in the 19-country monetary union. Yet the closing days of his term have hardly been a victory lap. His departure is accompanied by an unusually public dispute among ECB board members over stimulus policies he pushed...


Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]