Bumo: The New Trusted Network For Transferring Data
About BUMO
BUMO is seen to be a platform that enables transfer of values to be swift and efficient without any central authority with the total utilization of smart contract. It aims at formulating a technical trust network for easy transfer of values to be communicated from one party to another. BUMO is concerned in promoting an era of block chain that eradicates ubiquity in transfer of values. People can send values at the snap of their fingers without wasting much time and money. But Internet can only complete a transfer with the presence of a centralized authority. This centralized authority enables the transfer from one person to another totally complete. This is where the inefficiencies lies, where a central authority with their regulations and charges be the finisher of transfers. We are heading to a world where users can operate their own financial and accounting processes, where banks accounts can be adjusted at the palm of ones hand and decisions, so the idea of central authority has made the technology to be limited but block chain technology solves that issue where we don't need an intermediary permission before sending values. Internet made problems looked like ignorance by the people, because it solved the problem and difficulties in transferring values from one party to another where a value can be distributed in a blink of an eye, why is it like this? Because ownership is not done through central authorities but by parties involved which makes direct transfer possible. Well, Bumo is that platform which uses block chain to transfer values from one party to another
What Make BUMO To Different From The Others
BUMO is the new project that allows both common users and users who represent a company to make transactions quickly, easily and safely. In addition to giving us a great comfort since it is possible to use it from any device either tablet, cell phone, computer, etc. A unique benefit of BUMO is to allow users to sell their assets as tokens which can be tangible assets or intangible assets. Another of its great features is that you do not need a high-end computer for it use as it can be used in any intelligent device making everything much more convenient and practical.The enormous speed it has is also a feature to highlight, currently many blockchains have the habit of being slow and also somewhat tedious but BUMO solves this problem with 10,000 transactions per second that can stand.
How BUMO Plan To Help Large Companies That Have Problems Of Scalability, Security And Performance In The Implementation Of Blockchain
Decentralized applications have the potential to be tremendously successful, how different types of decentralized applications can be classified, and the terminology that aims to be more accurate and useful for the community.
it is postulated that these decentralized applications will one day overtake the world's largest software companies in utility, user base, and network valuation due to their superior structure of incentivization , flexibility, transparency, resistance and distributed nature.
Traditional companies can participate in various techniques for obtaining capital (such as selling shares of their shares and paying dividends or loans against their shares and paying interest).
The property of tokens is everything the user needs to use the system. It's that easy. The value of the tokens is determined by the number of people who value the application. All the incentives, the monetization, all the ways to get support are integrated into this wonderfully simple structure.
BuContract (BUMO Contract)
The BuContract refers to smart contracts that are based on the BUMO Network. The BuContract ensures that real world and blockchain values are exchanged in two instantaneous ways. First way is that the provider of the data would pay some BU-tokens as deposit to maintain his contract. Here, there is an executable time for every transaction which is depended on the quantity of BU-token. BUMO developer have made it possible for smart contract to gain accessibility to data and information the block chain like account update of users.
Important Is The Security And Speed Of The Data In A Digital World
As a first definition we could say that digital transformation is the application of digital capabilities to processes, products and assets to improve efficiency, improve value for the customer, manage risk and discover new opportunities for generating income.
By digital capabilities are electronic, scientific, data-based, quantified, instrumented, measured, calculated and quite possibly automated.
Speed is the new currency in business. Organizations must be quick to meet the needs or expectations of customers and employees in a competitive market. There are no shortcuts in digital transformation to achieve this speed. But as an organization moves more and more into an automated world defined by software, it moves faster and faster because the data and its important associations emerge. This allows the transformation of what the company does.
In a world driven by processes, the processes must be routine and allow to obtain in a consistent way the defined result. Digital transformation transforms processes, which makes it faster and more reliable to focus on what needs to be done instead of getting stuck in the effort to get the right processes.
A world based on data allows us to deliver a complete customer experience, on time and in its entirety. , but the speed with which the customer can complete an order. The experience and customer satisfaction lies in the fact that the client does not need multiple conversations
The data are the enablers of new technologies and solutions. The data is where important and actionable business knowledge is derived. However, most executives and decision makers are concerned about the quality of the data on which their solutions and knowledge depend.
Many companies and decision makers do not understand what constitutes quality information and how it can be obtained, generated, collected and used. Data, or more specifically, quality data, is the critical differentiator that drives digital transformation and what constitutes quality information.
The data optimizes the sales channels The potential to reach new customers is a critical factor in the adoption of digitalization. But the digitization of sales channels or digital transformation is simply a response to changing customer preferences.
Companies had to respond by transforming their sales channels and adding e-commerce websites and mobile applications to their traditional channels, such as physical stores. Data is key to understanding customers and their preferences. Structured data, such as those from CRM systems, helps organizations generate information about their customers based on their previous purchases and historical transactions.
Organizations can also collect unstructured data from social network customers and listen to what their customers want through their online postings, comments, and feelings. This greater understanding allows organizations to optimize their sales channel strategies to adapt to the needs and preferences of their customers. In addition, customer data helps organizations adapt their sales channels for more personalized services and commitments.
For example, a customer's purchase history allows an organization to give that customer some personalized recommendations based on their past actions, thus maximizing cross-selling opportunities and additional sales. Data drives innovation and revenue Another key to the adoption of digitalization is product and revenue innovation. Digital transformation allows organizations to create products that customers want instead of creating products and forcing customers to buy them.
Since BUMO Is Not Restricted To Powerful Computers To Run Nodes, How Can This Help Mass Adoption?
Acts as a validation node and charges a transaction fee through gas
Transfers between accounts in BUMO (purchase / sale) Participates through donations in Ethereum alBumo project developers
Participation in the construction development of BUMO ecosystems' s
The diffusion of a new technology can be key to determine if it can be spread throughout the world. It is the conclusion that the MIT (Massachusetts Institute of Technology) launches after a new experiment in which it tries to explain why mass adoption is slowing down.
The random delay of access to bitcoin caused two parallel universes, according to Catalini. In one, we ended up sowing the technology in an optimal way, in the other it was practically the opposite.
BU- Token
This is the platform token that is used to manage and scale the economic activities on the platform.But the BU's most important function is that it act as the "gas" that for the BUMO network. The network also uses the BU as incentives for node validators, and an integral factor in the inner workings of the network.
BUMO Team and Partner
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