For the first day of the application users have added over 500 “of high interest”
In Ethereum blockchain running application FOAM for mapping terrain using the technology of smart contracts. It is reported by CoinDesk.
Users register point on the map FOAM using a cryptographic method called proof location (Proof-of-Location). For each new point on the map, users receive an internal token system. In addition, tokens are used in the quality-control mechanism that allows you to confirm or deny the correctness of the newly added points.
“The output token will be available after 45 days since the launch of the Protocol to prevent speculation. Cash tokens can holders FOAM that are placed at least 10 points on the map,” said company representatives.
Unconfirmed locations have begun to appear on the map in the area of new York and Berlin. For the first day of the application users have added over 500 “objects of high interest.”
According to CEO FOAM Ryan John king, centralized map services, such as GPS, vulnerable and unreliable, and FOAM can be used to implement multiple scenarios in the real world, starting with games and ending with the management of supply chains.
Recall that the Japanese giant GMO has launched a bitcoin exchange to trade in real time. At the moment, the platform only supports bitcoin.
We also wrote that the largest banking conglomerate, the USA had developed a new mechanism for investing in bitcoin. Cryptocurrencies are kept by a separate custodian.
As we reported earlier, in the Netherlands will be “village of the future” on the blockchain.