BUMO-The new era of blockchain.

betzy (52)in #crypto • 5 years ago (edited)

In this digital era, we must be in the framework of the latest digital developments that exist, as well as for example the issue of chain blocks, this point has had great boom in the last two years.

For the block chain issue, there is an ecosystem that hopes that allows the block chain to truly permeate the market and the world, becoming a workable solution for financial institutions, non-profit organizations, health care providers, and individuals alike. This will be achieved with the company called BUMO (BU).

Currently we have as main platforms chains of blocks such as Bitcoin and Ethereum, which are single chain systems. In view of the great growth in the number of users and transactions in the block chains have generated a low performance in the applications. In order to mitigate this situation, BUMO has been developed, which presents an innovative block chain solution that takes advantage of multi-string technology, hybrid consensus algorithms, cross-string protocols and intelligent contracts.

BUMO's goal is to integrate these technologies to alleviate the current bottlenecks in the block chain related to performance, scalability and application diversity.

Some of the advantages of Bumo:

About 45 million IoT devices forecast for 2020.
Intelligent devices (cell phones, tablets, etc.) can generate data that in turn generate value.
It will eliminate the high maintenance costs of the network.
Eliminate distrust arising from illicit nodes in the network.

Some of the team that forms BUMO are:

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Let’s get familiar with the three co-founders and their Chief Scientist:

Steven Li: Steven Li is in charge of the daily operations. He has a degree in Physics from the Department of Technical Physics, of the Peking University and an MBA degree from the Peking University Guanghua College.

Steven Guo: He is in charge of the application ecosystem, global community, and investment. As a forerunner who put blockchain into practice and an investor of the industry, he used to be the vice president of 21Vianet Group in charge of strategic innovation.

John Zhao: Being an expert of blockchain and other related technologies, he observes the general performance of the blockchain. He is well versed in the principles and utilities of mainstream blockchains such as Bitcoin, Ethereum and Hyperledger

Yuliang Zheng: Yuliang Zheng is the Chief Scientist of BUMO. He is best known for inventing the Signcryption cryptographic primitive that combines the digital signature and encryption operations into one single step. He also invented the HAVAL hash function, SPEED cipher, and STRANDOM pseudo-random number generator.

And to conclude, BUMO is bringing many interesting features to the cryptographic space. The team is committed to blocking chain innovation to present real solutions to some of the biggest problems in cryptographic space.

In another order of ideas, in Bumo news you have:

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At this year's Silicon Valley Innovation and Entrepreneurship Forum, BUMO announced an ecosystem of block chains that it hopes will allow the block chain to truly permeate the market and the world.