COMSA, The ICO solution for centralized businesses to adopt blockchain technology

gpes (29)in #comsa • 7 years ago

Since the introduction of bitcoin following the collapse of the American economy post 2008, crytocurrency is gradually becoming a household name and a problem to cooperate bodies and the government considering the decentralized nature of it and the autonomy it grants to it's user. Bitcoin then made blockchain technology obvious to the world and it's unravelled mystery is still being explored and adopted into many system with the world seeing it as a panacea to existing challenges.

WHAT IS BLOCKCHAIN?

A blockchain – originally block chain – is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. A blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way."

Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralised consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, or food traceability. The first distributed blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions.

WHAT IS COMSA?

Comsa is a complete initial coin offering (ICO) fundraising platform built on the NEM protocol meant for the streamlining of cryptocurrency funding. This is imperative following regulations designed to help protect public investors from losing their money when they invest in the crowdsale of start ups.

COMSA is a brainstorm of Tech Bureau

COMSA aims to solve the problem of bridging enterprises and their existing businesses to public blockchains. COMSA is proposing to bridge NEM, Ethereum and the Bitcoin public networks together with the mijin private blockchains that enterprises will be using. The idea is to bridge these enterprises and cryptocurrency owners so as to provide an avenue for cryptocurrency owners to spend while enterprises can have an immediate and extended market to sell their products and services and continue to develop their blockchain solutions to cater for mainstream users. Additionally, this symbiosis also allows both sides of the crypto and mainstream economies to come together on a common ground, promoting the proliferation of the crypto economy into the mainstream, vice-versa, and therefore, help in the widespread acceptance of crypto currencies. This project will enable centralized businesses the ability to utilize blockchain technology and prepare them for the eventuality of being able to face a more decentralized world.

COMSA allows enterprises to remodel and monetize their organization as a private token economy on the blockchain using the strong NEM protocol, as well as the ability to utilize powerful smart contracts of Ethereum to begin building decentralized applications. By leveraging on COMSA, the deployment and implementation of a blockchain will be much easier and faster than ever before, as well as giving more breadth to the enterprise.

This is an overview of what COMSA comprise and looks forward to achieve.

WHY YOU SHOULD INVEST IN COSMA?

1. It would most likely from all indication owing to the elaborate plan stated in their whitepaper be the communication between the decentralized community with the mainstream and it's centralized system, just like the . It could make things easy for enterprises to tap from the ginormous benefits that lie wait in the cryptocurrency community and the decentralized world in it's entirety.

2. COMSA will enable trustless transactions in native currencies to eliminate the need for 3rd party agencies such as escrow services. This is awesome, as it would help run the transactions without payment charges to third parties and ensure such trustees transactions go smoothly with the least risk involved.

3. Comsa provides the Zaif cryptocurrency exchange, which is where the company will list its new ICO tokens. It also has a payment service that allows for token holders to spend their ICO tokens.

4. You can easily create your own ICO just like the wavesplatform but in this case but with these additional features a multi-language whitepaper, a pre-configured token sale dashboard, blockchain integration services and Public Relations services, and other services dedicated to companies preparing for their own ICOs. An ICO token issued on the COMSA platform can be converted between NEM and the Ethereum blockchain using the Comsa Core engine (which is preparing to launch in 2018).

COMSA ICO