Soom is a project developed to perfect the world's first Blockchain 4.0 platform ecosystem. This is also the first time in the world that a Blockchain platform is a practical application in everyday life with the combination of two algorithms Proof of Group Stake and Proof of Transaction is integrated directly into the Mobile Wallet .
Normally, the current blockchain platforms in the world still need at least 10 minutes to confirm for a transaction. This is the biggest obstacle for implementing blockchain in the areas of life. With the arrival of Soom, this problem seems to be solved with four breakthrough features:
The transaction speed is pushed down to 8 seconds, easy to apply in real payment
In Soom, each block is formed by 512 cells, also known as the chain, cells that will be randomly identified from the participants in the system. Processing algorithms will be divided equally for each cell to minimize duplication of results. This helps the algorithms in the ecosystem to optimize the processing time to the maximum (8s).
In addition, the required security in the payment platform will be maintained by the Space & Time algorithm - space and time. This value is defined with each cell in the block and stored directly in the blocks, thereby creating a completely random security basis, unable to grasp the rule to break.
Minimize transaction costs to the lowest level
By limiting the number of participants in the algorithm, it is thought that limiting unnecessary costs to results. This provides direct benefits to those conducting the transaction when the cost of payment is reduced to a minimum
Develop and complete Mobile Phone Minning
The Mobile Phone Mining system provides a practical and convenient value to anyone who owns the Soom virtual currency, allowing users to be able to mine directly on a mobile device without the need for a case array with " "Like other Crypto coins.
The basis for this is that Soom has adopted two Proof-of-group-stake and Proof-of-transaction algorithms to motivate people to take blocks, accelerate speed and transaction processing. , making every transaction simpler to perform on a mobile device anywhere.
Automatically collect, store and process Big Data
With Soom's blockchain 4.0 platform, blocks - Mobile blocks are aggregated into table blocks and arranged into space blocks based on content classification. For every 10 Moble blocks completed, create a table of blocks, for each of the 8 Blocks to form a Space Blocks. Each Mobile block is ordered by content through the MerkleRootHash function, which allows for faster processing of data to increase the ability to collect and store data when needed.
Dual security system
In addition to the same security features as other blockchain platforms, Soom also designed a dual security system to completely prevent attacks on the system during the exploit. blocks. The double security consists of a private key of the wallet used in the transaction and the private key of the Group. Group private key is executed during the grouping process. Group private key is made up of the public key of each group member and the current time value of the group - Current Time of Grouping, which is updated continuously every 8 seconds.
SOOM's BUSINESS MODEL
Soom will develop the following main business lines:
Blockchain as a Service (BaaS)
There are now a lot of companies that want to use blockchain with features designed specifically to fit the needs of the company. But not all companies have enough resources to design such a blockchain system. With the groundbreaking structure of the Soom Blockchain platform, it will allow the creation and maintenance of custom secondary blockchains supported by the mainnet.
Soom will provide this solution to all businesses of all sizes and industries that want to incorporate Blockchain technology into their business. This service is called Blockchain as a Service (BaaS).
Soom will also provide consultancy services such as modifying existing features or building additional custom functions to fit the needs of each customer. All feature requests will be made by Soom's leading engineers to ensure the maximum benefit and efficiency of integrating Blockchain technology into the customer's business.
Soom Wallet
In the first stage, Soom wallet acts as a secure and easy-to-use Soom coin storage device on mobile devices and computers.
When the Blockchain 4.0 platform becomes popular, the Soom wallet becomes the all-in-one purse that meets the needs of the user. All features of the Soom Wallet are developed with criteria to bring convenience to users.
⦁ Multi-currency: Soom wallet users have the choice and to store different types of blockchain assets without the hassle of having to switch between different types of wallet for deposit fees.
⦁ Dual Security System: Developed on the Blockchain 4.0 platform, the Soom wallet has superior security features Private key and Group private key.
⦁ Location Based Service: The Crypto industry lacks places - where electronic payment is accepted and even difficult to locate. Existing services like Coinmap and UseBitcoins.info are mostly outdated, and often lead to erroneous instructions that take time for the customer. Soom will provide the ability for stores to update their location on the Soom wallet map so customers can easily search.
⦁ Loyalty programs: All Soom Wallet users will receive discounts, promotions and media events from the stores they are interested in.
⦁ Crypto Exchange: In the future, Soom plans to incorporate the electronic money transaction feature directly into the Soom wallet. With the goal of making the transaction function fast, safe and completely free transaction costs.
⦁ Utility bill payment: payment of invoices is often done repeatedly by the user. Makes this feature a perfect candidate for the important feature of Soom Wallets. However, blockbusters in countries with blockchain restrictions make it impossible to integrate this feature in the next two to five years.
⦁ Merchant edition: Soom is developing and upgrading its version of Soom wallet to best suit the needs of the seller. Soom wallet Merchant Edition will include the following features:
⦁ Invoice Generation: As soon as the transaction is confirmed, the invoice will be automatically sent to the buyer's purse.
⦁ Big Data Analysis: Analyze data on customer behavior: favorite items, purchase time, payment levels, interest in promotions ... ⦁ Target by geographical location with Soom Duo: Sellers can send messages, notifications of discounts, special events to Soom Wallet users near the geographic location of the store. ⦁ System management: Soom wallet provides different levels of access to the wallet information of the store according to the managerial hierarchy: staff, team leader, director ...
Soom Pay
Soom Pay is a mobile payment company based in Korea, developed for the purpose of providing a comprehensive payment solution for merchant consumers across Asia. Sellers using Soom Pay will see transactions paid for in their local currency while the customer is a foreigner, and they will even use a wallet application in their home country.
Soom Pay is the first destination for tourists from China. In 2017, the number of Chinese tourists is 130 million, spending up to 260 billion dollars and 97 percent paid through mobile payment applications.
To meet the needs of Chinese tourists, Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ...
Soom Pay's development team is also working with mobile payment service providers in Asian countries to expand the payment route portfolio and provide its services to many merchants and travelers. along with all the consumers around the world.
By combining multiple mobile payment systems, Soom Pay aims to create a viable alternative to credit card transactions with more advantages.
⦁ Foolproof Security: cancel the fake credit card, protect personal information ⦁ Fast Transaction: fast transaction authentication time, international transactions occur almost immediately ⦁ Low Transaction Fee: no fee for bank or third party, international transaction fee is very low ⦁ Suitable for Everyone: Benefit both the seller and the buyer, suitable for those who do not have a bank account
In the latest polls, the main reason behind the fact that sellers and shopkeepers accept electronic money as a low-paying method in addition to lack of confidence are the main reasons that complex interfaces are difficult to use. Much more than conventional POS terminals.
To incorporate a simpler interface to make the experience easier for the user, Soom has developed its own terminal on the Blockchain 4.0 platform. The device is named X-POS. X-POS has many advantages for both cash and credit cards, integrated using QR code, integrated with Soom wallet, sellers can process and record transactions in cash, credit card or electronic money, digging coin Soom ...
By combining the advanced features of Blockchain 4.0 and Soom wallet with the widespread adoption of Soom Pay and X-POS, Soom Pay makes it possible for anyone to pay with any mobile payment application. or any electronic money anytime, anywhere.
BIGGEST AIRDROP !
The SOOM Foundation plans to use 400 million coins for the Airdrop program to build the community and trust of donors, the largest airdrop program ever built on Crypto history. Coin will be distributed under the supervision of the SOOM Foundation.
Each member of Soom's Airdrop program will receive at least 10 Soom Coins worth up to $ 10. To join Soom's Airdrop program simply follow these steps:
⦁ Step 1: Download the Soom application on your mobile phone:
⦁ Android:
https://play.google.com/store/apps/details?id=core.soomcoin.wallet&hl=en&referrer=27af6436⦁ IOS:
https://itunes.apple.com/US/app/new-숨코인-soomcoin-wallet/id1420371656?mt=8⦁ Step 2: Take steps to create wallet
⦁ Select "Create new wallet" if you are using one or select "Wallet restore" -You have created a wallet before. Copy your recovery code line and save it for use when you want to recover your wallet.
⦁ Select the country of residence.
⦁ Phone number verification
⦁ Step 3: Enter the referral code, this is captured so you get 10 coin
⦁ Referral Code: 27af6436 ⦁ Select "Next" to finish
⦁ Step 4: Check the prize money
⦁ Step 5: In the Balance section, select the share icon on the right of the screen to get your referral code and referrals to friends.
With each friend you download Soom, you will receive 2 Soom coin, your friend receives 10 Soom coin.
When your friend introduces new people, you receive one more coin.
Please introduce yourself to your friends help them get 10 Soom coin.
Soom coin was listed on IDCM at 13h00 on 27/08/2018.
Roadmap of the Soom project
⦁ 11/2017: Foundation of the SOOM Foundation in Switzerland ⦁ 12/2017: Blockchain 4.0 International Conference on Jeju Island Launched the first version of SOOM Wallet ⦁ Launch pre-sale round
⦁ 2/2018: Blockchain Ecosystem Workshop 4.0 in Macao, China ⦁ Blockchain Ecosystem Workshop 4.0 in Hanoi, Vietnam ⦁ Blockchain Ecosystem Workshop 4.0 in Phnom Penh, Cambodia
⦁ 4/2018: Blockchain 4.0 Ecosystem Workshop in Beijing, China ⦁ Blockchain Ecosystem Workshop 4.0 in Tokyo, Japan
⦁ 6/2018: Blockchain International Technology Forum in Beijing, China ⦁ Summary of pre-sale
⦁ 7/2018: First Wallet Upgrade ⦁ 8/2018: SOOM Coin on the electronic money trading platform: IDCM, Coinexchange ... ⦁ Blockchain service contract with KDDI Recuit Blockchain research cooperation contract with world leading universities: LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University)
⦁ 9/2018: Introduction to Contents CR (Creative Rocket) ⦁ Blockchain Development Agreement with the Korean Dental Association
⦁ 10/2018: Supply contract with Yamoto, MX Mobiling
⦁ Quarter 4/2018: Test-net test run ⦁ Blockchain Ecosystem Workshop 4.0 - Jeju Island ⦁ Launched SOOM Miner ⦁ Open Blockchain Test-net for Changchun Logistics System in China
Q12019: Main net launch ⦁ Upgrade to the second Wallet
Q 2/2019: Launch of X-POS in Asia
⦁ Quarter 3/2019: Big Data / Collection and Analysis of Customer Information ⦁ API / Release Guide Launched the SOOM Crypto Exchange
⦁ Quarter 4/2019: X-POS worldwide release ⦁ Launched SOOM Mobile Phone
DEVELOPMENT TEAM AND CONSULTANT OF THE PROJECT
The SOOM development team consists of 9 people
⦁ Park Ki-Eob (founder and CEO): A businessman with more than 20 years of pioneering mobile communications. He was the CEO and CEO of Penta Tech and Founder of GeoFencing Tech. ⦁ Son Young Uk (CTO): Former Director of Kantech Telephone Entry System - KTES and KMW (Korea). ⦁ Hashimoto Yuki (CIO): He worked at Nishiba and was the CEO of Mobile service Jakonnet. ⦁ Ryu Sam Yul (CMO Marketing Director): is president of Pusan MBC and KCTA. ⦁ Park Jon Seb (Chief Financial Officer - CFO): CEO of Mobione technology and G.A. Holdings Korea. ⦁ Antoine Guinot (Project manager): Master's degree in computer science and energy systems engineering. Has managed many projects in France, Korea and the United States. ⦁ Brian Um (Legal consultant): Over 14 years of experience in international business law matters. ⦁ Mital Malani (Developer): CTO of Global Lotteria Nigeria; IT Director at Shenzhen Vetron Technology and Matrix Asia Pacific. ⦁ Park Heung Soon (Developer): CEO Erise and director at Igo
The advisory group has 7 members
⦁ Henry Kim: CEO at Coca Cola Nestle Refreshments. ⦁ Ma Zhen Xuan: Chairman of the Qiao Yuan Public Diplomacy & Culture Exchange. ⦁ Piao Cheng Xiong: CEO of Wei Song Chuang Zhi. ⦁ Park Yong-duk: President of the Korea Convergence Society. ⦁ Tina Hoang: AGC Capital Investment Fund. ⦁ Morita Yoichi: Director of CSK Network Systems and a representative of SBC. ⦁ Liu Yi Liang
The project is implemented by Soom Foundation
Soom Foundation is a Swiss-based nonprofit that is monitored and supported by the Swiss Federal Agency. The investment is aimed at building and developing the Blockchain ecosystem for real-world applications, becoming the first Blockchain 4.0 platform in the world.
Founded and operated by Park Ki-Eob, a businessman with more than 20 years of pioneering mobile communications.
Soom Foundation has two other subsidiaries, Soom Blockchain based in Singapore and Soom Pay based in Korea.
CONCLUDE
According to the Roadmap, this project will be listed on the IDCM in August, ad also checked, IDCM floor has officially announced the opening of SOOM / BTC trading session from 27/8. Information about the development team and the project advisor is also impressive.
This is also an in-depth development project when they announce on their roadmap about running Testnet and Mainnet network tests. If anyone does not know, the electronic money and blockchain projects that really want to become the real platform will need to release their own Mainnet otherwise the coin is only running on the blockchain platform of the co-platform. Like Btc or Eth only.
Whitepaper writes in great detail both in engineering and business models and in the development of the Blockchain 4.0 ecosystem, demonstrating that the development team and consultant are thoroughly researched on the current blockchain technology and its shortcomings.
At present, the project has been implemented to build the Blockchain 4.0 ecosystem with its business models.
⦁ Prepare to sign a development contract, Blockchain study for KDDI Recuit companies, Korea Dental Association, LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University BaaS case. ⦁ Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ... ⦁ Prepare to sign a contract with Yamoto and MX Mobiling
It should also be noted that this project is run by the Swiss-based Non-Profit Investment Fund SOOM Foundation and is monitored and supported by the Swiss Federal Agency. Ad appreciates this because at present the project claims no ICO or public sale, they only made the first round of pre-sale from the first quarter of this year and sold 30 million SOOM coin.
In addition, the project will bring Airdrop up to 400 million coins for the community, which will greatly assist the project in marketing.
More information from the project:
⦁ Project Website:
http://www.fourthblockchain.org/⦁ Reddit:
https://www.reddit.com/r/Soomcoin/⦁ Facebook Fanpage:
https://www.facebook.com/soomblockchain⦁ Twitter:
https://twitter.com/soomblockchain⦁ Medium:
https://medium.com/@soomblockchain⦁ Steemit:
https://steemit.com/@soomblockchain⦁ Common Telegram:
https://t.me/soomofficialen⦁ Korean Telegram:
https://t.me/soomofficialkr⦁ Telegram Vietnam:
https://t.me/soomofficialvn⦁ Youtube
https://www.youtube.com/watch?v=WP2KsGMY1CY
