Bumo: facilitates the incorporation of any person or thing into the world of the blockchain

gamaliel (31)in #blockchain • 6 years ago (edited)

Bumo: facilitates the incorporation of any person or thing into the world of the blockchain.

Introduction

When we realized that the Internet was occupying more spaces in all the affairs of the world, we had to take a term to define it, and it was called "the internet of things" (IoT). We just had to assimilate that to evolve in technology everything should be connected, everything should be in the cloud.

Then in 2009 appears Bitcoin and its famous blockchain, to accelerate things further. And new projects and cryptocurrencies arise, and now it is not enough to be connected, but everything must be able to be related, exchanged, but in a quick way and without intermediaries.

That's where the blockchain and its decentralized feature appear, and now it begins to gain ground. And it is not enough that things have internet, that they are only connected. Now the call is for things to be "Tokenized". That any asset has its digital value in the world of cryptocurrencies.

The Problem

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However, there are many aspects that have stopped or delayed the evolution or massification of the blockchain.

For example, the two largest known blockchain platform known Bitcoin and Ethereum its performance is very low, since it has remained small processing capacity of all transactions that are made, to that we must add that they are based on mining under the Work Test, whose equipment has a very large energy consumption. Another of the major faults that these two networks currently have is the little transfer of knowledge that is handled, there are very few people who have professional technical experience and an expert in the field..

What is Bumo?

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Bumo is a platform that seeks to no longer be the Internet of things, but to talk about "The Blockchain of things". Bumo seeks to "Tokenize" all things, to be able to give value to any asset of value of the people.

For this, Bumo encourages the participation of each person, allowing their smart devices to be part of the blockchain network of Bumo. This solves the problems of scalability and physical centralization that sometimes arise with blockchain networks based on mining. By doing this a true decentralization is established in the network.

In addition Bumo makes available to users tools and development templates to facilitate the incorporation of people and their assets in the network.

BUMO is a project with the objective of creating a trust network where value can flow as freely as information, utilizing existing smart devices that are already present everywhere in the world!
BUMO is focused on enhancing ease of transfer over various networks within the Internet of Things, fintech, and the social network industry. By connecting digital assets, smart devices and user data, BUMO will enable the true benefits of the digital economy to enhance people’s lives.
Ready-to-use enterprise-grade infrastructure that can support up to 10,000 transactions per second
Developer friendly design tools and templates for easy dApp deployment Smart devices act as network nodes!
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Bumo is structured in a very simple way, with an optimal functioning. Its modules, BU Firework, BU Orbits, BU Canal and BU CodeMach, are merged for harmonious and efficient work.

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Technical characteristics:

The technical capabilities of Bumo, allows you to adapt to varied application scenarios, allowing a multiple asset account structure, which can be controlled by multiple users if they wish.

The data is stored in a segregated manner, differentiating between the data inside and outside the processing chain. This data is available to the user in easy-to-use interfaces.

Here we detail the most important technical characteristics of Bumo:

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Conclusion

It can be said that Bumo is an efficient and optimal solution for the current problems of scalability, speed and security that the blockchain has.

Bumo encourages the incorporation of users into their network, in such a way as to make it stronger and more compact. With a security with the highest standards of the decentralized world.

Bumo facilitates the incorporation of any person or thing into the world of blockchain.

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Bumo: facilitates the incorporation of any person or thing into the world of the blockchain

Bumo: facilitates the incorporation of any person or thing into the world of the blockchain.

Introduction

The Problem

What is Bumo?

Technical characteristics:

Conclusion

The Team

Partners

You can watch this Bumo video

More Information and Resources

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