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Genesis Talks with RCHAIN & FOAM
12. Juli 2018 @ 19:00 - 22:00
About The Event
FOAM – a Blockchain-based system aware of time and space
GPS is a reliable system we use on a daily basis. Nonetheless GPS is inherently unfit to serve as a localization system for the next wave of technological progress such as IoT and Blockchain. GPS suffers vulnerabilities such as it’s inability to serve indoors/underground, high power consumption with the most crucial missing feature being that users can’t prove their location to other users of the system.
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. Proof of Location can provide consensus on whether an event or agent is verifiably at a certain point in time and space.
RCHAIN – fundamentally superior Blockchain architecture
RChain is a fundamentally new blockchain platform rooted in a formal model of concurrent and decentralized computation. While the RChain design is inspired by that of earlier blockchains, it also realizes decades of research across the fields of concurrent and distributed computation, mathematics, and programming language design.
The RChain project is leveraging that model through correct-by-construction software development to produce a concurrent, compositional, and massively scalable blockchain. While currently not attracting a lot of attention, RChain might emerge from the shadows end of this year with a fundamentally superior architecture.