🌟 [ANN][REAP] ReapChain - Secure and Transparent Blockchain-Based IoT Ecosystem

[reap_chain]

MASON SON - CRDO



- Ph.D. in computer science at Seoul National University
- Qualified Angel, Financial Engineering Specialist of the Korean Association of Angels
- 21 years experience in IT development such as Blockchain and artificial intelligence in Koscom and morobobogi company.

[1714105505]

1714105505

[reap_chain]

Are there any rewards or incentive programs? It would be nice to know about it. Are rewards and incentives different systems?

Rewards allocate and pay the total fees of ReapChain transactions, and incentives are rewards for participation in the ecosystem, apart from rewards, in proportion to the total amount of Reap held to all Reap holders.

[reap_chain]

Individual IoT devices acquire a private key, which is a unique ID, for each device through the Reap SDK to prevent the forgery of data.



An Individual IoT device obtains a private key, which is a unique ID for Individual devices, through the Reap SDK to prevent hacking or illegal access.

When a transaction occurs on an IoT device with the Reap SDK applied, it is only accessible to authorized personnel or devices, and it is possible to check whether data is forged or tampered with. This prevents malfunction or side effects of the management system due to incorrect data transmission.

[helenfast69]

ReapChain implements a new object authentication system, PID of things by applying DID (Decentralized ID) technology which has been applied only to people, to each device through its unique encryption technology, Reap SDK. PID of things generates ‘unique ID’(Private Key), and utilizes Invisible ID technology and Mutual verification technology to enhance security. Invisible ID technology does not allow unauthenticated users to see the unique ID of devices. Mutual verification technology allows transmitters only authenticated by Reapchain to communicate with IoT devices.

[huanting55]

As it said on website: Reap SDK can support project modules or settings developed based on the existing Micro Controller Unit (MCU). Reap SDK allows you to reuse existing native SDK code to have interoperability between codes and minimize maintenance and management costs. In addition, a unique ID (private key) is created for each IoT device and stored in the internal non-volatile memory.

It seems that such solutions will help to greatly increase the speed of the system while maintaining security at a very high level.

[reap_chain]

SUNGJIN KIM - CTO



- Graduated from Busan University with a master's degree in computer science
- A mentor specializing in Samsung Multicampus Blockchain and big data
- Korea Communications Commission & TTA DMB/IPTV Technical/Service Standards Committee
- ISO/IEC MPEG-2/4 International Standard Committee
- 28 years of experience in Media service platform at Samsung Advanced Institute of Technology, Pan Media and IT development, including digital twin and Blockchain.

[reap_chain]

ReapChain Project Progress Report



https://medium.com/reapchain/reapchain-project-progress-report-92fd001868bc

[Crypto_ke3per]

So during the first half of the year:
- ReapChain MVP implementation completed;
- Completion of automation tools for testing the performance and stability of ReapChain;
- test net test case and scope selection completed

[CaVO32]

I have seen that the last posters of this thread have their negative trust owed to the AAX thread bumping. What are the chances that the team hired the same group of people to bump their thread? I hope this is not the case here. The rep already got negative trust so if they do want to promote their project to as many users here in the forum, consider holding signature campaign. People will trust your project if you will not hype your own project, just continue the development and post updates here and people will notice your progress.

[reap_chain]

Technologies of ReapChain seems useful and new in IoT market. Can you tell more detailed about ReapChain's technology roadmap schedule?

ReapChain ​​plans to release a testnet in the second quarter of 2020, plans to launch a DApp Reap Platform in the third quarter of 2020, and finally moves from the testnet to the mainnet in the first quarter of 2021. The mainnet will be officially opened in the third quarter of 2021.

[reap_chain]

KEI KIM - CMO



- Graduated from Kangwon National University in Information Processing Engineering
- Coinvest COO(Chief Operating Officer)

[reap_chain]

IoT technologies is really impressing me because i love new and modern stuff. But what is interested to me in this project is to know more about your token and it's economy.

It plans to sell 14.7 billion of the total issuance of 4.9 billion or 30%, and the hard cap is $ 18 million. Focusing on corporate/institutional investment, it will be held until the end of June 2020, and the private sale will be held until the end of May 2020. After the completion of the Pre-Sale in 3Q 2020 (scheduled), the tokens will be distributed to participants at the same time before the initial listing (notice of distribution date). Check out the white paper for more details.

[tippytoes]

Just saw ReapChain Project Progress Report and it's going well. MVP implementation completed, Official Telegram AirDrop Event Completed and so on. So things go pretty well and it's only beginning. I wish only luck to the team.

With MVP in place, this may really take off in the market. It is better to invest in a project with real app in place rather than only words from the team . IoT ecosystem is going popular nowadays as we are continuously exploring this digital age. I really hope the team can successfully launch their final product and will not end in the MVP stage.

[reap_chain]

Just saw ReapChain Project Progress Report and it's going well. MVP implementation completed, Official Telegram AirDrop Event Completed and so on. So things go pretty well and it's only beginning. I wish only luck to the team.

With MVP in place, this may really take off in the market. It is better to invest in a project with real app in place rather than only words from the team . IoT ecosystem is going popular nowadays as we are continuously exploring this digital age. I really hope the team can successfully launch their final product and will not end in the MVP stage.

Thank you for your words. We are still only in the middle of our journey, but everything is on schedule and we are 100% focused on the project. In the near future, only good news from our team awaits you

[reap_chain]

The latest news about the project is very impressive, the topic is very relevant and it seems that the team is going according to plan. I'm interested in what currency i can purchase the tokens?

Thank you, we are doing everything in our power to make the project more attractive to people You can purchase our tokens with ETH and USDT.

[chaoscoinz]

This project seems really extensive and innovative, by chance would there possibly be a bounty campaign available for this project, and if so, will it offer the native "Reap" Coin as an incentive?

[reap_chain]

ReapChain BaaS



ReapChain is a Blockchain as a service (Blockchain as a Service), and consists of Reap SDK for connecting and authenticating devices, ReapMiddleChain and ReapChain for data processing and storage, and Reap Platform for operating and managing all services.

[reap_chain]

This project seems really extensive and innovative, by chance would there possibly be a bounty campaign available for this project, and if so, will it offer the native "Reap" Coin as an incentive?

Thank you for the nice words. At the moment, we have a sale scheduled for July 22. You can watch all the latest news here or on our other resources:

https://reapchain.com/
https://www.facebook.com/ReapChain/
https://twitter.com/ReapChain
https://medium.com/reapchain
https://t.me/ReapchianOfficial

[reap_chain]

Can you tell more about ReapChain BaaS? I would like to better understand how it works and what it gives to the project

BaaS (Blockchain as a Service) is a cloud computing platform that provides a development environment for blockchain-based software. ReapChain BaaS is composed of 3 parts: Reap SDK, ReapMiddleChain and ReapChain, and Reap Platform. Reap SDK connects and authenticates devices. ReapMiddleChain and ReapChain process and store data. Reap Platform operates and manages of all services by business service providers.

[andriyana]

the number of token is pretty much 4,900,000,000 but why only 30% of the total token will be sale? whether Reap Token already have sufficient funding sources to fund the project