Soom - Bringing limitless blockchain technology life

bukhori (25)in #blockchain • 6 years ago (edited)

SOOM Blockchain 4th Blockchain is a platform-as-a-Service designed to meet the needs of organizations that want to make full use of the great potential of Blockchain without the costs and development costs, maintenance, and improvement of the network of networks complex nodes. Innovative features of the fourth Blockchain, such as clustering algorithms, the structure of a multiple-block, and the exploration of mobile, allowing the platform to support various projects based on the classic and based smartphones, in a variety of industries such as system payment, supply chain management, banking services or telecommunications and real estate.

4th Blockchain ecosystem will not only make use of cell phone technology, but will also improve the speed of operations, increasing security while limiting the cost of the transaction. To allow exploration of cellular, SOOM Tech has designed two groundbreaking consensus algorithm called POGS algorithm and Proof of a Transaction Verification (POT).

The goal is to give every opportunity for smart phone users to benefit from the results of blockchain. An extra layer of security has also been designed in conventional double security system to prevent hacking smartphone during the transaction process. This is possible by creating a private key that is innovative, updated after each creation of a new block.

The different between Ethereum and bitcoin is that Ethereum proposed to build a platform that extend the concept of bitcoin beyond the currency. However Ethereum wants to make a platforms where developers and entrepeneurs can build distributed application for the blockchain network without having to use the previous blockchain technology.

Nowadays there is still a lot of platform using 3rd generation of blockchain most of them are trying to solve all the problems that appeared in first and second generation while in other way they are adding new concept and innovation to the existing cryptospace. Their main goals is to solve the scalability, speed and energy consumption and they also introducing new approaches, technical structures, consensus algorithm and etc.

The thing that you have to know is that 4th blockchain generation have a lot of innovation and various features like grouping algorithm, Proof-Of-Transaction, and mobile wallet mining that allow the platform to support a tremendous variety of conventional and smart-phone based projects for big companies and industries such as payment systems, customer services, real estates, banking services, or even telecommunication.

As mentioned above, 4th generation of blockchain is developed by SOOM TECH, is a blockchain-as-a-services platform for both conventional and smart-phone usage. SOOM TECH not only make mobile mining possible but also opens the way to do multitude performant, and of course secure also practical blockchain based applications by using their innovative consensus algorithm called Proof-Of-Group-Stake.

SOOMPAY
SOOMPAY is a S.Korea based mobile payment company providing merchants across Asia comprehensive solutions to support the major Chinese mobile payment services; Alipay, Wechatpay and Unionpay Quickpass. Merchants using SOOM Pay see transactions being automatically settled in their local currency while Chinese travelers enjoy seamless payment via their favorite mobile app.

The company ultimately seeks to harmonize the mobile payment environment by gathering the majority of successful mobile payments providers worldwide into one single application, SOOM Pay. Meanwhile, SOOMPAY created a SOOM coin based reward mechanism to not only decrease its affiliated merchants’ transaction fee expenses, but also to encourage the use of 4th Blockchain and SOOM coins among merchants.

SOOMPAY will be the first enterprise to take advantage of 4th Blockchain platform for the development of a mobile crypto payment service. The service will allow both customers and merchants to perform in-store transactions via the cryptocurrency of their choice, The service will be implemented into SOOM Wallet and state-of-the-art POS terminal called X-POS.

Roadmap SOOM
2017, 10 - SOOMPAY Office Opening - Seoul
2017, 11 - SOOM Foundation Opening - Switzerland
2017, 12 - 4th Blockchain International Conference in Jeju
2018, 01 - R&D Center Opening - Pangyo
2018, 02 - Technology and Service Conference - Macao, 4th Blockchain Technology Conference - Hanoi, Vietnam, SOOMPAY Technology And Service Seminar - Phnom Penh, Cambodia
2018, 03 - Head Office Opening – Las Vegas, USA.Branch Office Opening – Tokyo, Japan
2018, 04 - SOOMPAY Technology and Service Seminar – China, Partnership With Vimo – Vietnam
Partnership With Visa – Japan, ICO Submission.
2018, 06 - 4th Blockchain Technology Conference – China
2018, 07 - Partnership with Lotte – Vietnam
2018, 08 - SOOMPAY Operation in Vietnam
2018, 09 - SOOMPAY Operation in Japan , Soompay Operation in Russia
2018, 10 - SOOMPAY Operation in Korea
2018, 12 - One Year Anniversary Conference – Jeju, Introduction of 4th Blockchain in Korea, SOOMPAY Operation in Cambodia.
2019, 01 - Introduction to 4th Blockchain in Japan
2019, 03 - SOOMPAY Operation in Macao
2019, 06 - Introduction of X-POS in China and Japan
2019, 09 - IPO in Australia, Soompay Operation In The US
2019, 12 - Introduction Of X-POS Worldwide, International Conference, Soompay Operation Debut.