SOOM - The Best Ecosystem Blockchain 4th Generation

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.

Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is SOOM

You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be introducing you to SOOM Tech which is developing the fourth Blockchain focused on making life less demanding for purchasers by making blockchain biological community more available to dominant part of the clients not disapproving of classes — people, SMEs, bigger organizations and foundations regardless of the business will have the capacity to get to the Blockchain environment through the fourth Blockchain.

SOOM 4th Blockchain is a blockchain-as-a-Service platform designed to meet the needs of organizations willing to fully take advantages of Blockchain’s tremendous potential without the cost and burden of developing, maintaining and updating the backend of a complex network of nodes. 4th Blockchain’s innovative features such as Grouping algorithm, Proof-of-Transaction and mobile wallet mining allow the platform to support a tremendous variety of conventional and smart-phone based projects from a wide range of industries such as payment systems, customer services, real estates, banking services or telecommunication. SOOM Blockchain uses innovative consensus algorithm, named Proof-of-Group-Stake(POGS) which was developed by SOOM TECH.

Basically Blockchain networks is a composed of thousands computer that are using the same protocol. The issues that currently still happened in both Ethereum and Bitcoinis is that their slow confirmation process takes about 2 until 10 minutes to respond, this could be a huge problems that their facing, further due to the DDOS cyber-attack and hacking. Even though they are already figured out how to solve the issues by using Hardfork, still Hardfork technology is not proven yet in the market and the development is also very slow.

By using the 4th Generation of blockchain on SOOM platforms, it offer various solution to solves the issues which challenging in order to offer quality services to general consumers due to limited settings and potential regulation constraint. In other words 4th blockchain adds space time concept for existing blockchain technology right now is to increase the security quality with segmented code according to transaction content.

SOOM FOUNDATION

The Foundation is committed to developing a robust governance structure and managerial assistance to general affairs regarding the overall operation and harmony of 4th Blockchain ecosystem.
Non-profit organization, supervised by Swiss Federal Supervisory Authority. The Foundation is exclusively and directly serving charitable purposes. It does not pursue any profit and is not geared toward profit.
Purpose
Overlook the development of 4th Blockchain ecosystem and support the evolution of the ecosystem.
Governance
The Foundation board decides by simple majority vote. Board of trustees elected for one-year term. Re-election is possible for an indefinite period unless there is a reason for resignation.

Supervision
Audited once a year by a Swiss external auditor. The auditor shall review the accounting of the Foundation and provide the board and the supervisory authority with the report on the result of the review.

Functions
Promote 4th Blockchain ecosystem by supporting and financing research and development activities deemed appropriate by the board of trustees.
Engage with various corporations, partners as well as banks, regulators and other third parties to the benefit of 4th Blockchain ecosystem.
Educate the public about 4th Blockchain ecosystem. Organize conferences, conventions and other events that promote the ecosystem.

SOOM TECH

SOOM Tech. is the corporate entity that is responsible for the development of 4th Blockchain core technology, maintenance of its network and expansion of the platform under the governance of SOOM Foundation.
Location
Singapore

Private Limited

Purpose
Development of 4th Blockchain technology

Functions
Development of 4th Blockchain core technology.
Maintenance of 4th Blockchain’s network.
Development of SOOM Wallet. Customer support.
Development and issuance of SOOM Coins.
BaaS service provider.
Custom chain creation and maintenance services.
Consultancy and expertize services

SOOMPAY

SOOMPAY is a S.K;orea based mobile payment company providing merchants across Asia comprehensive solutions to support the major Chinese mobile payment services; Alipay, Wechatpay and Unionpay Quickpass.
Merchants using SOOM Pay see transactions being automatically settled in their local currency while Chinese travelers enjoy seamless payment via their favorite mobile app.

The company ultimately seeks to harmonize the mobile payment environment by gathering the majority of successful mobile payments providers worldwide into one single application, SOOM Pay.
Meanwhile, SOOMPAY created a SOOM coin based reward mechanism to not only decrease its affiliated merchants’ transaction fee expenses, but also to encourage the use of 4th Blockchain and SOOM coins among merchants.

Finally, SOOMPAY will be the first enterprise to take advantage of 4th Blockchain platform for the development of a mobile crypto payment service. The service will allow both customers and merchants to perform in-store transactions via the cryptocurrency of their choice (BTC, ETH, DASH…) The service will be implemented into SOOM Wallet and state-of-the-art POS terminal called X-POS.

Security: Card fraud like card duplication can be prevented
Private information can be protected
Fast transactions: Provide faster transaction processing than banks
Support fast cross border transactions
Low commissions: No bank and third-parties commissions. No need to worry about high cross-border commissions.
Simplicity: Useful for retailers and customers.
Useful for countries where banking infrastructure is at low level.

SOOM COIN

Soom coin is the native currency of the 4th Blockchain, and will give access to the platform's future services

Soom Coin Distribution


TEAM AND ADVISORY MEMBERS


FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;

WEBSITE: http://fourthblockchain.org/?utm_sour...
TWITTER: https://twitter.com/soomblockchain
FACEBOOK: https://www.facebook.com/soomblockchain/
GIHUB: https://github.com/soom-4th-blockchai...
MEDIUM: https://medium.com/@SOOMBLOCKCHAIN
TELEGRAM: https://t.me/soomofficialen

Bitcointalk Username: Brainerdpaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
Soom Wallet: MCeSA2FxuD3c5wenR35Z6qpJGBudDF74qJ

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