FOAM is an open protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application. As technology evolves and changes, maps need to change too. FOAM secures physical space on the blockchain, harnessing the power of Ethereum with a cryptographic software utility token used to provide computational work and verification to the network. The component elements of the FOAM protocol are designed to provide spatial protocols, standards and applications that bring geospatial data to blockchains and empower a consensus-driven map of the world. Token mechanisms and cryptoeconomics underpin the elements of FOAM and empower the distributed users to coordinate and interact in a decentralized and permissionless fashion.
The thinking behind FOAM is that users should own their personal location information, controlling when and with whom they choose to share their location. FOAM is committed to solving this need by providing spatial protocols, standards, and applications that offer a higher level of security and resiliency than conventional geospatial technologies and location-based services. Location-based services have augmented both urban and rural life, changing how people get around and how products get to people. In the future, the world’s collective critical infrastructure will rely even more heavily on spatial information, from stock exchanges to autonomous vehicles and the internet of things. Blockchains have emerged to enable cryptographically secure transactions and distribute risks through peer to peer networks without the need for a trusted third party. Blockchains have the potential to enable secure and self-regulating emergent infrastructures of the future.
Attention. There is a risk that unverified members are not actually members of the team
For better or for worse, FOAM is not a project that will rely on fake hype, dodgy marketing and Quarkchain level of tricks. They are a serious goal orientated blokchain based project (and opposite of 99% of ICOs out there). Mainnet is a starting with the token sale, there are no bonuses, and to unlock tokens you need to use them. Is this the beginning of a new era and a higher standard of ICOs, or a remnant of a time passed by (FOAM was founded in 2015) remains to be seen.
Project strong sides: looks like no. Project weak sides: founders present only technical information without detailed understanding of project issues and its solutions. So our position is negative, probably scam.
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