BUMO: The Ubiquitous Trust Network
BUMO The Ubiquitous Trust Network
What is BUMO? Among so many public channels, what are the key differences of BUMO?
BUMO is a project that through intelligent devices creates a trust network in which value flows with the same freedom as information. BUMO offers ease of transfers through several networks: It connects digital assets, smart devices and user data. The latter translates into real benefits for users who want to improve their digital economy and therefore their well-being. The smart devices used act as network nodes.
It has an important enterprise-level infrastructure that supports large amounts of transactions per second. In addition, it offers a series of easy-to-use design tools and templates.
For some large companies that have problems of scalability, security and performance in the implementation of blockchain, how do you think BUMO could help? The consensus (PoW, PoS, etc.) is always a bottleneck for the transaction speed of a chain of blocks, how does BUMO solve it?
Due to the problem of many companies in terms of scalability, BUMO offers an infrastructure that allows up to 10,000 transactions per second. Companies have always wanted to avoid costly and complex processes, so fast transactions will guarantee them to save time and money. Regarding security, BUMO connects the users' data and also eliminates the fears born of the lack of trust through illicit nodes in the network. The creation of a chain of next generation blocks will allow companies to use it in high performance.
There are many limits that hinder blockchain technology and its massive adoption, including the fact that several platforms have very low transaction speeds, high power consumption, application threshold, value isolation, etc. BUMO offers transaction speed, lower power consumption when using smart devices as nodes and also allows users to launch dApps without any development knowledge.
Why is safe transfer of value so important? In a digital world, how important is the security and speed of the data?
Security is another limitation that blocks blockchain technology and its massive adoption due to numerous cases of fraud. All users want their transactions to be protected as well as their digital money. Ensuring security in transactions gives the user confidence and attracts many others. While data speed saves users in every way: time, energy, etc.
Since BUMO is not restricted to powerful computers to run nodes, how can this help mass adoption?
One of the advantages of BUMO is that with any device users can become a participant. "All these nodes can contribute to the maintenance of the network, to the development of applications and to the creation of value". The fact that it is not restricted to powerful computers that require a lot of energy and are highly expensive, BUMO becomes an alternative for any interested user with an intelligent device.
What are some good use cases?
BUMO can be implemented in companies that require high performance and any company that requires that their information can be updated in real time. Among them we can mention insurance companies, health, etc. Due to its easy implementation through the use of its templates, it can be adapted to a large number of companies at a low cost and offering scalability and performance improvements.
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