BUMO is "a next generation commercial-grade public Blockchain for ubiquitous and trusted value transfer, which is aimed to build a decentralized application ecosystem featured with extensive digital trust, free-flowing value and public-sharing apps".As a project that seeks to meet the demands of society in terms of transparency, scalability and high performance, is launched to the digital market Blockchain publishes "BUMO" whose purpose is to create a reliable business environment consisting of a set of tools that establish a network of global trust.
There are both private and public blockchain but our focus will be on public blockchain.
Public blockchain just as the name implies is an open source network which sends and receives transaction and leaves no one in charge. Examples of public blockchain includes bitcoin and litecoin.
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BUMO Slogan
like information, with the intention of utilizing the existing smart device.
2.0.1 BUMO Slogan
BUMO ability to be the first trust network that enable value circulation to be credible and efficient. They enable power belongs to users and let the users master their digital ownership. BUMO is called by the slogan:
What is Ubiquitous value transfer?
It is a global network that enable tokenization of any assets “Based on the infrastructure of BUMOpublic chain, all assets could be tokenized, no matter they are loyalty points, game points, insurance, financial assets or even some fixed assets or reality assets in circulation, make them easy for transferring, and enable these value to be circulated freely around the world and difficult chains”
NETWORK COMPOSITION
- Once any device gets connected to the network within BUMO environment it assumes the role of a node.
- Ones a device becomes a NODE it can apply to become a candidate node but only qualified devices are selected to become a candidate node.
- This is the next after the candidate node. It is responsible for networking, accounting and resource management.
USE CASE:
Daniel expert in web development and applications is looking for ways to better interact with its users, needs to collect from their cell phones as: steps a day. And you need a tool based on blockchain to transfer the information and know BUMO that allows you to collect such information safely and quickly.
More information
https://www.bumo.io/
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