Chaineum, a French corporate financial advisory firm in ICOs and STOs, with a strategic focus on both its clients’ business and technology, announced today that after 2 years of development and proof of concepts (POCs) for different industries, Chaineum Labs, the company’s services division, has customized its to support STO platform use.
is an “object-oriented” technology ran by Chaineum Labs and designed to make any connected object a “full node” equipped with wallets, able to conduct transactions by consensus and offer a dynamic tool for the management of created (utility and security).
Three major concepts summarize this technology:
– Secured with cryptography which guarantees reliability and trust;
– Indestructibility (it would be necessary to falsify all the machines-nodes verifying it);
– Historical sequencing of blocks, each block holding data (HASH) linking it unfalsifiable to the previous ones.
The great majority of “classic” Blockchains (, ) are built according to these three principles. So where’s the problem?
1. Blocks are created by a few groups of people (miners) who are paid to do so;
2. The computing power to create these blocks requires intensive equipment ( farms);
3. The chain expands exponentially as blocks are added ( is around 200 gigabytes);
4. The calculation time/job (POW, POS) to create a block and validate a transaction may take several minutes;
5. Slow learning curves, the complexity of protocols and coding languages delay .
SEGMENT aims to provide solutions to these 5 points:
1. Any connected machine is able to participate in consensus / validate a transaction, even an IOT sensor;
2. Each connected machine only holds part of the global (Sharding) according to its technical capabilities;
3. By updating the blocks in a completely secure way, the data volume held by each machine remains constant;
4. By verifying a transaction through consensus before writing the information, the average transaction time is 3 or 4 seconds;
5. By relying on Javascript, a universally known language, APIs are immediately usable for applications.
Below is a summary of how SEGMENT Security work
SEGMENT Security (SST) offer a mobile application allowing investors instant and secure access via smartphone to their wallets and . It also offers the possibility of selling and buying other on the primary or secondary market, or even to take options on operations in structuring and preparation stages before their launch on the market.
Chaineum Labs is also working on SST versions dedicated to bonds, , artworks, etc. SEGMENT will be offered in open source version in the coming months.
Worth nothing, Chaineum is launching its own fundraising (STO) in a few days.
Published at Tue, 23 Apr 2019 20:22:55 +0000
