SOOM: 4th Blockchain





  • Introduction

    Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

    For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

    For this reason, I want to introduce you Soom (SOOM), a Blockchain-as-a-Service platform designed for both conventional and smartphone usage.



    Definition

    As I said, SOOM (http://fourthblockchain.org/) is a platform developed by SOOM TECH in Singapore and governed by the SOOM Foundation, established in Switzerland. Usually, it is a Blockchain-as-a-Service designed for the use of conventional and smartphones.

    The most outstanding feature of the platform is its consensus algorithm SOOM TECH, called Proof-of-Group-Stake, which not only makes mobile mining possible, but also opens the way to a multitude of applications for smartphones based on Blockchain, practical, safe and high performance.



    Goals

    The platform has been created to primarily consider the sustainability, management effectiveness and security of multi-asset fundraising in the open source community. Therefore, the main objective of SOOM is to develop a robust governance structure and managerial assistance to the general issues regarding the overall operation and harmony of the 4th BlockChain ecosystem.



    Features

    FeatureDescription
    4th blockchainBy combining the blockchain concept with the time/space concept, the 4th blockchain benefits from a higher processing speed and foolproof security.
    Time-space algorithm
    Ensuring that nodes in distributed systems have a uniform and accurate time between nodes is difficult to secure in traditional block chains.
    Double securitySOOM TECH designed a double security to avoid hacking specifically during the transaction process. In addition to the private key of the purse used for the transaction, SOOM TECH developed a new Private Key of the Group, made during the grouping.
    MultiblockSOOM TECH combined the structure of the mobile communication channel in the 4th Blockchain, the blocks are structured by content to allow a faster search and a faster processing of transactions.

    2018-10-10_11-52-33.png

    SOOM WalletDescription
    2.pngIn the first phase of its development, SOOM Wallet serves as an easy-to-use and secure SOOM coin storage device in the mobile and on the desktop. Once the 4th Blockchain platform is up and running, SOOM Wallet will become an all-in-one portfolio for the daily needs of customers.
    SOOM Wallet users will have the option to choose from a wide variety of blockchain asset products as a source of payment without going through the hassle of turning into fiat money before paying. It will benefit from its innovative dual private / group security system.
    SOOM Mobile PhoneDescription
    2018-10-10_11-55-35.pngSOOM TECH is developing the SOOM mobile phone with an operating system in the 4th Block of the chain. It can be used simultaneously as a purse and miner. The main features are supported crypto P2P transactions based on 4th Blockchain, Physical security system set, optimized for exclusive operation and Built-in cold wallet functionality.


    Bounty program

    The project gives the opportunity to earn SOOM Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bountysuite Webpage here (https://bountysuite.com/bounty-programs/soom.html), where you can access the link in order to see what are the conditions to become an early SOOM contributor and start acquiring tokens.

    For more information about the project, you can visit and read their WhitePaper available here (http://www.fourthblockchain.org/clients.html). You can also stay tuned in their official Telegram Channel (https://t.me/soomofficialen) or in their ANN thread here (https://bitcointalk.org/index.php?topic=5017760.0). I hope you liked the post and soon I'll send you new ones.

    Do not forget to visit their Webpage (http://fourthblockchain.org/)!



    Token details

    SOOM Coin is the native currency of 4th Blockchain and will give access to the platform's’ future services.

    Token: SOOM
    Platform: DASH
    Tokens for sale: 672,000,000

    Funds Distribution

    coin2.png



    Roadmap

    DateEvents
    October 2018SOOMPAY Operation in Korea.
    December 2018One Year Anniversary Conference – Jeju. 
    Introduction of 4th Blockchain in Korea. 
    SOOMPAY Operation in Cambodia.
    January 2019Introduction to 4th Blockchain in Japan
    March 2019SOOMPAY Operation in Macao.
    June 2019Introduction of X-POS in China and Japan.
    September 2019IPO in Australia. 
    Soompay Operation In The US.
    December 2019Introduction Of X-POS Worldwide. 
    International Conference. 
    Soompay Operation Debut.


    Author Details

    Email: [email protected]

    Telegram username: @clauming

    BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1870482

    Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71

    Soom address: MQL9PuDSH4StAU6BucDZCgJLEfky5yHEGC



Looks like your connection to Cryptocentral was lost, please wait while we try to reconnect.