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Foam Ico Review : FOAM Proof of Location protocol empowers

About Foam

FOAM is an open Protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application. As technology evolves and changes, maps need to change too. FOAM secures physical space on the blockchain, harnessing the power of Ethereum with a cryptographic software utility token used to provide computational work and verification to the network.

Basic Information

Token Name FOAM
Token Symbol FAM
Social Media Foam Ico Review : FOAM Proof of Location protocol empowersFoam Ico Review : FOAM Proof of Location protocol empowersFoam Ico Review : FOAM Proof of Location protocol empowers
Hard cap 24,000,000 USD
Platform Ethereum
Language English
Resection No restriction
Country United States of America
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Elements 

The thinking behind FOAM is that users should own their personal location information,
controlling when and with whom they choose to share their location. FOAM is committed to
solving this need by providing spatial protocols, standards, and applications that offer a higher level of security and resiliency than conventional geospatial technologies and location-based services.

Location Encoding

Currently, there are no established standards for embedded locations, physical addresses,
or coordinates in smart contracts. Further, there is no open way to verify geospatial data.
For smart contracts to remain interoperable, they need a shared language for them to
reference and index the physical world.

User Experience

Similar to a need for a location encoding standard, there also needs to be able to interact,
visualize and reason about the data with an advanced user experience. Examples of such
interfaces exist for centralized geospatial data sets, which are not compatible with open
blockchain infrastructure. Additionally, there are no open user experience standards for
visualizing geospatial data from a blockchain.

Location Verification

Currently there is no reliable and trusted location verification service. It is problematic to rely on GPS and it is not a viable tool when a smart contract needs to execute  on spatial
information. A backup for GPS is needed because it can be easily spoofed, jammed, or falsified. This means that there is currently no truly secure way to verify location in blockchain-based smart contracts or decentralized applications.

Features For Foam

Clock Synchronization

Proof of Location depends on accurate and synchronized clocks. Zone Anchors send messages until a consensus can be formed on the precise time. The timed difference of messages sent and received allow for location to be calculated and the geometry of the network to be determined.  rely on a Byzantine Fault tolerant clock synchronization protocol.

Internet of Things

Secure location verification and localizationhttps://coinworldstory.com/wp-admin/post.php?post=47840&action=edit for networks of IoT devices sensor data.FOAM is an open protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application.

Geospatial Data

Verifiable spatial data provenance and attribution through Proof of Location supports the development of decentralized data-markets.FOAM is an open protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application.

Video

Team
Member
Ryan John King CO-FOUNDER, CEO
Kristoffer Josefsson CO-FOUNDER, CTO
Katya Zavyalova CO-FOUNDER, CCO
Arthur Röing Baer CREATIVE MARKETING DIRECTOR

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 21 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

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