Well thank you for the trust in our professionalism. Your question can be answered as follows - IoT is still growing as a trillion dollar industry. The security issues facing IoT are actually perfectly suited to blockchain.

If the blockchain solves the security of the device rather than the security of the data, the value of IoT will be much greater and will be more useful in everyday life.

At the moment there is not much information about the project that can be found and studied. It would be better if there are more sources and material that can be found

Accessibility into the RAMP ecosystem is developed as an integration layer that allows the developers from various blockchain foundations to independently develop the “entry bridge” smart contracts into RAMP DEFI.

SEUNGHUN HAN - Advisor



- University of Central Florida Finance Ph.D
- University of South Carolina Statistics M.S
- Korea Advanced Institute of Science and Technology(KAIST) Faculty of Technology Management AACSB AOL (Assurance of Learning) Associate Professor
- Korea Information Sociology Society Director and Vice Chairman
- Big Data, Economics, Science, and Technology Society, Council Member
- 2018 Excellent Lecture Award
- Chairman of AACSB AOL Committee, Faculty of Technology Management
- Steering Committee, Graduate School of Technology Management
- AACSB Committee Member, College of Business Administration
- Other Undergraduate Admissions Committee members, Additional TA Improvement Committee members, ICC Internationalization Committee member, Participated in the financial engineering minor program operation committee and Korea-Japan CAMPUS Asia project group
- Research papers selected from 54 [Academic achievements of KAIST 2012]

REAP Wallet (ver. Web) User Guide



We will introduce the web version as the second part of the REAP Wallet User Guide.

https://medium.com/reapchain/reap-wallet-ver-web-user-guide-910f205dd975

So can you tell please more in detail what is the differences between your project and similar ones? What makes you special among them?

The project team has a rather interesting vision, they want to do something new, by creating a cannabis seed token that is redeemable regardless of the tokens value equivalent in Fiat currency.

This will give the assurance to the token holders that if they ever become displeased or dissatisfied with the value of the Cannabis seed token it will be redeemable for a seed that is held in the seed vaults.

Thanks a lot for you words and your question ReapChain BaaS is a blockchain platform for DApps.

ReapChain BaaS is designed with ReapSDK that connects and authenticates devices and a middle chain that can process and store standard data of IoT and device data.

We provide services specialized for distributed processing and security of large-scale data through ReapMiddleChain.

Oh, thank you for this words, it's mean a lot for our team As for your question, as data is expected to arrive in the new 'Data Economy' era, which serves as a catalyst for the development of all industries and the creation of new values, ReapChain ​​utilizes the infrastructure of ReapChain ​​to collect and store numerous IoT data. Based on the data, the data is shared with other industrial platforms such as medicine and finance, and data is shared with each other. Based on this open data-sharing platform, high-quality data distribution among all industries is promoted. We want to realize a Blockchain-based sharing economy ecosystem by acting as a hub for a platform ecosystem where we can register, search, and trade easily and quickly.

Among partners there are some really impressive companies like Huobi and Coinbase for example. It's always good for the project when it has such a names in partners section. This adds confidence to the project

Considering that BitValve is a Full-Featured P2P Cryptocurrency Exchange 50% less fees than LocalBitcoins and Paxful, it can be very popular among users. It is very important to add new trading pairs, this is one of the main features of each exchange.

Differentiated Security of REAP Crypto Wallet

1. We do not store the private key inside the app, and the key imported from the outside and the private key generated when creating the wallet are encrypted and stored with the user password.

2. All transmitted transactions are encrypted with a private key and transmitted to the blockchain, so transaction forgery is almost impossible, and private key information is not exposed to the network.

3. Since it is a cold wallet in the form of a mobile app, it communicates directly with a blockchain network without a backEnd server, unlike a web-type wallet, so there is no risk of a private key exposure caused by the server being attacked.

4. Because the private key is not stored inside the app, even if the device is lost or exposed, it is impossible to steal the private key of the corresponding wallet because only the encrypted key-store file exists.

There exist hybrid chains that combine many public and private chains in the past, but ReapChain is different from existing hybrid blockchains.

​The existing hybrid blockchain was launched to solve the processing speed of the existing blockchain by synchronizing the two chains by pre-processing through the private blockchain and recording the final record in the public blockchain. However, since the existing hybrid chain uses private as a sidechain concept, it still has the problems of the existing private blockchain, and there have been many issues in solving integrity with the public chain.

However, the concept of the ReapMiddleChain on the outskirts of the ReapChain is different from the existing private blockchain, so a third party agrees on the authenticity of each transaction unit, constructs the chain in cell block units, and executes the transaction processed by the Gawon. By delivering it to the public blockchain, the ReapChain mainnet, we solved the security and integrity problems of the existing hybrid blockchain.

In addition, since the existing hybrid blockchain also achieves consensus through block generation, data cannot be confirmed until consensus is reached, so real-time processing speed cannot be guaranteed, but ReapMiddleChain is a transaction regardless of the block creation time. Because processing is performed separately, real-time processing speed can be guaranteed.

GameCredits (GAME) is the in-game currency for the gaming industry with which in-game items can easily be purchased. With the power of blockchain technology, you can have full ownership over all of your in-game items allowing you to sell them in a secondary market to other gamers or collectors.

By implementing a hybrid blockchain, it is the only blockchain that can enable real-time processing of dApps by providing preconfirmation, which is a 99% reliable consensus before block creation.

The trillema problem (scalability, decentralization, security), which is the problem of the existing blockchain, was solved by ReapChain as follows.

1. Scalability has improved the mass data processing and processing speed through the middle chain.

2. Decentralization solved the element of centralization by providing 52% of the PoDC consensus structure of the operating committee.

3. Security can be prevented in advance by implementing a private + public hybrid block chain, which is a shell core structure, so that the external private chain protects against external attacks. Attack can be defended.

So right now the project has Private Sale live and they already had IEO on Hotbit, July 15 2020. As you can see from RoadMap project has plans until Q4 2020. Interesting to know what will be after this date, is there more plans

Just saw July report of the project and there are many impressive things the project did in this month. There are many new articles in popular media like NewsBTC and Coindesk, CTSI was listed on Gate.io. Also Cartesi team continued presence in the Indonesian market.

Reap Wallet App Laungh



https://medium.com/reapchain/reap-wallet-app-laungh-43b7c4c9e288

ReapChain X Soonchunhyang University Industry-University Cooperation Foundation MOU



ReapChain signed a business agreement with Soonchunhyang University’s Industrial-Academic Cooperation Group for mutual human resource exchange and sharing REAPCHAIN technology research.

https://medium.com/reapchain/reapchain-x-soonchunhyang-university-industry-university-cooperation-foundation-mou-66559e1d3e1a

The IoT industry is growing explosively, and it is being used so much that it can be found around us.

IoT is a technology in which literally all things connected to the Internet are controlled, and IoT is a field in which the data used must process mass data and response to real-time processing results is required. And due to the nature of IoT devices, there are security vulnerabilities caused by hacking.

By applying ReapChain to IoT devices, mass data processing is possible through the worm storage of ReapMiddlechain, and real-time response is possible through a three-party agreement on a cell-by-cell basis of ReapMiddlechain to respond to real-time processing results that existing blockchains cannot.

​The security issues of IoT devices can be assigned a unique private key to each device through Reapchain's PID MCU, so that the device's access rights can be controlled through the blockchain, thus avoiding the risk of external hacking.

Reapchain can bring the effect of reducing maintenance costs by realizing stronger security and processing of large-capacity data that does not require edge technology through the perfect combination of IoT industry and blockchain.