SOOM Ecosystem: Forging the 4th Generation Blockchain Technology

2018-8-27 19:18

Some of the popular ones include limited operational speed, restricted practical applications and enormous amounts of energy utilization. In order to address these issues, SOOM Foundation established in Switzerland and SOOM Tech, its R&D center established in Singapore, are building an end to end blockchain ecosystem for enterprises and individuals seeking better scalability, higher security and above all, more practical applications of blockchain’s tremendous potential.

The name of the solution is 4th blockchain, details of which can be found here on the website: http://www.fourthblockchain.org.

4th Blockchain is a Blockchain-as-a-Service platform designed to meet the needs of organizations willing to fully take advantages of blockchain’s tremendous potential without the cost and burden of developing, maintaining and updating the backend of a complex network of nodes.

4th Blockchain’s innovative features such as Grouping algorithms, Multi-bloc structure and mobile phone mining allow the platform to support a tremendous variety of conventional and smart-phone based projects from a wide range of industries such as payment systems, supply chain management, real estates, banking services or telecommunication.

4th Blockchain ecosystem will not only enable mobile phone mining, but also increase operational speed, enhance security while keeping transaction fee to the minimum.

In order to make mobile mining possible, SOOM Tech has designed two innovative consensus algorithms named as Proof-of-Group-Stake (POGS) and Proof-of-Transaction (POT) consensus algorithms. The objective is to give to every smart phone user the chance to benefit from blockchain’s exceptional outcomes.

An additional security layer has also been designed on top of the conventional dual security system to prevent smart phone hacking during the transaction process. This is made possible with the creation of an innovative Group Private Key renewed after every new block creation.

With these improved features and strong support from the blockchain community, SOOM Tech is all set to revolutionize the market for Enterprises willing to bring blockchain technology to daily life.

The post SOOM Ecosystem: Forging the 4th Generation Blockchain Technology appeared first on CoinSpeaker.

origin »

Bitcoin price in Telegram @btc_price_every_hour

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.955 (-100%)

blockchain technology forging soom generation 4th ecosystem

Источник: coinspeaker.com

blockchain technology → Результатов: 126


Security and Fairness in Crypto Casinos: How Bety Is Ensuring Transparency with Blockchain Technology

Blockchain technology has already had a major impact on a range of industries, and the world of online gambling is no exception. Crypto casinos have hit the scene and are The post Security and Fairness in Crypto Casinos: How Bety Is Ensuring Transparency with Blockchain Technology appeared first on CryptoNinjas.

2025-2-4 19:07


Фото:

5 Innovative Blockchain Projects Transforming Social Impact and Community Engagement

Blockchain technology has long been associated with finance and supply chain management, but its potential extends beyond these fields. Outside cryptocurrencies like Bitcoin, blockchain technology’s transparency and security are now used to address social and environmental issues while promoting accountability and community involvement.

2024-6-11 19:30


DDO Chain: Building Scalable Enterprise Blockchain Solutions

In today’s digital era, blockchain technology has become a focal point across various industries. As businesses urgently seek digital transformation and continuously strive for data security and transparency, blockchain technology emerges as a decentralized, secure, and trustworthy database technology, increasingly applied in enterprise-level solutions.

2024-5-1 15:00


Фото:

Libonomy — next generation blockchain technology

Every year, blockchain technology receives more and more fans who have appreciated all the advantages of working with a decentralized registry. Moreover, a well-developed product on the blockchain enjoys a more trusting attitude from users who understand the reliability and honesty of such projects, especially when it comes to the financial sector. Companies that decide […]

2020-5-10 16:22


Giants Like KFC Are Looking to Improve Advertising Transparency With Blockchain Technology

While cryptocurrencies still continue to fight their battle for adoption, blockchain technology seems to be performing a lot better on that front. More and more major companies are either accepting it or at least conducting tests in order to assess its benefits and potential impact of implementing it into their business strategy.

2020-5-7 12:00


Sony’s BCDB Uses Blockchain for Mobility as a Service (MaaS), Enhancing Future Transportation Data

Blockchain technology has emerged as one of the most sought after emerging technology in recent times. Even though cryptocurrencies that brought the technology to the forefront is looked with scrutiny in many countries and industries, Blockchain has unanimously managed to impress one and all.

2020-4-25 22:12


Rakbank, Who Has Integrated RippleNet, Has CEO Asks Peers To Embrace Blockchain Technology

Rakbank CEO Peter England says that traditional banks have to work towards empowering companies that are working to develop blockchain technology. England said that APIs and distributed ledger technology present an opportunity to change the way international payments are handled, adding: “Blockchain technologies do have the potential to disrupt the financial services industry and create […]

2019-7-11 21:26


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru