Recap

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Earlier this week, I discussed the potential for North Korea to take advantage of their real estate situation post-reunification to help alleviate the wealth gap between North Korea and South Korea. Their method of finding a loophole around the state government owning the housing is very interesting, and presents an opportunity for certain North Korean "houseowners" to retain some knowledge regarding real estate in the face of hungry real estate investors from both sides of China and South Korea, in addition to the United States.

Here's the link to the first post!

Opportunities for Untouched Territory

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When there is further development that can occur near the borders for North Korean territory, there are a myriad of opportunities that these developments are capable of, and I'm going to focus on the capability of building a decentralized system that can be constructed with these new developments. When these areas are being built from the ground up, the blockchain system can be utilized, with Proof of Location being utilized, and UnityCoin becoming the main currency, where it can extend the bridge between North Korean and South Korean finance.

FOAM: A Decentralized Method of Verifying Location

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With all of this new development, decentralized verification can be used using a platform like FOAM, which can be used for a concept called Proof of Location. Proof of Location utilizes Zone Anchors, which are distributed beacons with radio transceivers. The initial steps for joining this network involves connecting on of these Zone Anchors. This system relies on synchronized clocks, where these anchors send messages until a consensus is reached. Once they are synchronized, these groups of anchors can establish a Zone, which pledges to give location services that are enforced by smart contract safety deposits. Finally, Zones include time stamped messages from customers in a competitive market for a transaction fee, while these Zones are resynchronizing clocks and publishing their time logs to a data store. Validators provide fraud-proofs, and constant triangulation is calculated to verify the final presence claims.