Foam cryptocurrency

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Validators provide fraud proofs and calculate Triangulations for precise location data to verify final Presence Claims. Open FOAM whitepaper pdf. The FOAM Proof of Location protocol empowers a permissionless and autonomous network of radio beacons that can offer secure location services independent of external centralized sources such as GPS through time synchronization.

Interesting project with a pretty neat idea. Am looking forward to the implementation. Only hard part will be the implementation and adoption but if all else works, will be a pretty massive project. Very interesting idea that can totally use a blockchain technology implementation.

Their idea of a location protocol based on the Ethereum network is very unique. Good luck team! FOAM is committed to building spatial protocols, standards and applications that bring geospatial data to blockchains and can empower a consensus-driven map of the world. Very unique and interesting idea to work on radio beacons. The future of proof of location is in FOAM. FOAM is an intriguing project utilizing low power wide area networks LPWAN as location "anchors" to provide the network with reliable location information.

This is a block foundry launch and the team is solid with reliable backing. I am excited about this project. Experts are independently and voluntarily contributing to the community. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated re-calculated every few hours. ICObench Weekly Digest 5. Benchy 3. Experts 4. Status Ended. We launched IEO listing. About Team Financial Ratings Whitepaper. Ratings All ratings published on ICObench serve informational purposes only. The service provides fraud-proof certificates that are referred to as presence claims and can be shared in various applications.

A protocol specifies the rules of the systems and states how you can participate, be a service provider, and be a consumer. Radio operators will lock up these tokens into a service level agreement, promising uptime for users and guaranteeing the adherence to the protocol. This protocol includes rules such as regularly updating the blockchain, or, if a user interacts with you, to provide a presence claim for them. Due to these protocols, the system it is very collaborative and has a strong community-building element.

Users can choose to join an existing network or set up their own, and by participating in the network users can earn rewards that are created on the basis of game-theory. Ultimately, the goal is for the system to be self-serving, fault-tolerant, and unable to spoof its users. The example of package delivery Proof of location is clearly a market-need. For instance, when a customer receives a package, he or she receives a notification that the package is delivered.

This is based on the proof of location from the courier. An example is Amazon, where the service uses photos as proof of delivery and users can see the house it is delivered at i. This will not tell users where a package actually is though, it only gives a visual representation of its surroundings. As an alternative, image a system where the payment is locked to the proof of location and the payment only gets unlocked when the location is validated. When couriers submit their location, which cannot be falsified, users can see cryptographical proof that somebody had checked into their house and left their package there.

This methodology can be plugged into any use case where location is involved. As discussed, the FOAM space consists of a network of peers that creates locations services that serve them and the FOAM ecosystem and can sustain itself with a system of incentives. Ultimately, FOAM aims to be a leading network participant, perhaps initially by selling hardware, and eventually working with real estate companies to get access to locations or working with enterprises that wish to use location services and demonstrate to them how to build a business around it.

Going forward we will witness more and more people installing radios on their roofs, testing and using antennas, and mapping different environments to build the location services network. There is a lot of spatial data and curiosity around the possibilities of blockchain. FOAM is working out how to visualise these possibilities and build interoperable systems whilst exploring how shared ownership works and what the possibilities of location service are beyond mere tracking.

United States of America. Business model. Open-source services provider. Ryan King.

Agree, rather rx 570 ethereum watt accept. interesting

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