The Skynet Open Network has recently announced an important partnership with one of the largest tech companies in the world, Samsung. The board of director of the company has joined the team to work on a blockchain assisted neural network. The workforce of Skynet already consists of executives from Alibaba, Berkley, Qualcomm and Google and Samsung has joined the team.

According to its site, Skynet will address problems of blockchain and internet of things (IoT) adoption around the world and provide a highly scalable network. The idea of the company is to merge the blockchain and IoT to create chips that will be connected all over the world and to communicate with each other intelligently.

The infrastructure will use a Ledger Nano S hardware wallet and the chip will use RISC V architecture.

Blockchain Semiconductor OpenSingularity is creating the First Blockchain IoT Chip and Novel Infinity-Chain Network to enable the Intelligent Machine Economy! Website is Live: https://t.co/npE1AxjjyS

Stay Updated: https://t.co/QzJh0Hicpn#skynet #skynetopennetwork — Skynet (@OpenSingularity) July 13, 2018

Features Of The Upcoming Skynet Product

The white paper of the company envisions a network that can work together with its core to form a disruptive machine ecosystem. In this ecosystem, the devices will interact with each other with an almost human-level performance.

Skynet promises automated transactions signings that will be made to make transactions faster and more secure, embedded crypto wallet that will let the users be more secure, hash accelerators that will provide users with more opportunities to work faster than ever before and blockchains with a high performance that will make the devices connected all the time instead of having sporadic connections.

Announcement Gets Mixed Reactions

While many were thrilled to see what the company has shown, some users on the internet, especially on Reddit forums, were not so happy about it. According to a user named Adrian678, anything that claims to be the real future of technology is certainly a type of scam or bad business. According to the user, scaling problems have not yet been addressed.

It’s a fair claim. While the blockchain technology has evolved a lot recently and has started to make some segments of the industry change for the better like medicine and logistics, much of the promised potential of the blockchain is unexplored.

As many projects over the last year were scams and some failed due to bad management, it is not hard to imagine why people are not so trustworthy anymore.