BUMO: improve your experience when making transactions of your business

BUMO: improve your experience when making transactions of your business.

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Introduction

The blockchain technology has had innumerable advances in the digital environment, taking away the strength of the traditional economic system. Its advances are many and, in many areas, such as educational, social, medical, including the field of business, as attempts to improve the dynamics in these contexts are increasingly evident.

However, despite these efforts there are still challenges that must be resolved. Among these challenges we have the ever recurring theme of scalability, the use of energy, technical knowledge and the transfer system. For nobody is a secret that there are still problems in some platforms to deal with the large amounts of transactions that are generated within them, so this will continue to be one of the problems to be solved by any platform.

For this reason, a network is born to improve such approaches and is known as Bumo. what's your objective? Its objective is to improve the execution of transactions within the blockhain, as well as the possibility of making the user access their information at any time.

So, what is Bumo?

Bumo is a platform based on the chain of blocks that tries to create new ways to improve digital transactions to users and also have the possibility of having access to your information whenever you want. Its purpose is to create a trust network through the use of any device. This platform allows tokenize any asset and, at the same time, allows the opportunity to transfer and move within the digital economy.

Bono is an easy-to-use platform, since it puts a user's disposition a set of tools and templates that can be accessed without having the need to have specialized knowledge about the management of programming.

Components of Bumo

The components of Bumo are the following:

Nodes: Bumo allows each device to connect and act as nodes within the network. this allows the assets to move improving the flow and increase the daily operations within the network.

Candidate node: when a device is connected, it becomes an eligible node. Your choice will be made following your order of entry. These are done through a raffle. This means that its entry depends on the participation of other nodes.

Validation node: these nodes are those that manage the resources of the network. their remuneration depends on the work they do inside of bumo.

Bumo Token:

BU is the token of this platform. The movement of BU will depend on the use of the participants within the Bumo environment. With this it can be used to make transactions, make incentives to the validation nodes, etc.

Bumo and smart contracts

Bumo offers within its environment Bumo Virtual Machine that allows the execution of intelligent contracts from templates available to the user. what does this mean? It means that any user can have access to this language without the need to have a thorough knowledge on the subject.

Bumo contributions to users:

Escalablidad: Bumo allows you to efficiently respond to the number of transactions generated within the platform, adding value and trust among users.
Security: trust and security are the criteria that Bumo shows when making any transaction within the ecosystem.
Transaction history: Bumo launches a set of actions that increase the speed with which transactions are made and companies can review their records in real time and instantly.

Conclusions

Bumo is configured as a platform that seeks to solve the usual blockhain problems. Promising to provide participants with a quick and reliable response when making their transactions. It guarantees that the experience within the ecosystem will not generate rejection or frustration on the part of the user, because its friendly platform provides facilities for its management.

In short, Bumo puts us in front of a more viable and visible business experience within the digital economy.

Bumo2018
Bumotwitter: https://twitter.com/camilaaisabelg/status/1052334666013962240

This is my entry to the contest sponsored by @OriginalWorks

For mor information:

https://www.bumo.io/
https://www.bumo.io/BUMO-White-Paper-en/