This document gives a detailed overview of the SOOM 4th
Blockchain platform. 4th blockchain is technology which can
increase security and processing speed by adding space and
time concept to existing blockchain. The purpose of the
document is to extensively describe 4th Blockchain’s technical innovations as well as SOOM TECH’s vision, structure and
short to long-term business strategy.
4th Blockchain is a Blockchain-as-a-Service platform designed
for both conventional and smart-phone usage. 4th Blockchain is
developed by SOOM TECH, established in Singapore and
governed by the SOOM Foundation, established in Switzerland.
SOOM TECH’s innovative consensus algorithm,
named Proof-of-Group-Stake, not only makes
mobile mining possible but also opens the way
to a multitude of performant, secure and practical Blockchain based smartphone applications.
SOOMPAY, international in-store mobile
payment provider, will be the first enterprise to
take advantage of 4th Blockchain platform by
releasing an all-inclusive crypto mobile payment
solution in mid-2019.
Although in the early development stage, the
versatility and security of 4th Blockchain platform already attracted a variety of other
projects from multiple countries and industries
including financial services, real estates,
telecommunication, logistics and education.
Indeed, the platform’s technical innovations
make it possible for SME’s as well as larger
corporations and institutions from any industries to develop their own projects while benefiting from state-so-the-art 4th Blockchain’s
features, maximum scalability and foolproof
security without the cost and burden of creating
a Blockchain from scratch.