Chain

by Chain

4/5

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Tendermint

by Interchain Foundation

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FOAM

by FOAM Inc.

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Chain

by Chain

4/5

(1)
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Tendermint

by Interchain Foundation

(0)
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FOAM

by FOAM Inc.

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What problem does this service solve?

Chain develops blockchain software for financial institutions and other companies that want to create an alternate data model on their backends.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.FOAM aims to to bring location data to blockchains and enable consensus driven mapping.

Token Stats

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Company Description

Chain is a blockchain software company that creates blockchain-based systems for financial institutions and major companies. They've developed blockchain solutions for companies like Nasdaq, Visa, and Citigroup, as well as a variety of crytpocurrencies. Chain has been successful in incorporating distributed ledger technology in very large and influential companies. Their focus is on using the core innovations of blockchain to improve existing systems. Chain uses blockchain as a software tool that can be applied where it is important for services or product to have more trust, or to build a network without an intermediary

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

FOAM is developing a blockchain-based location service protocol for embedding physical locations in Ethereum smart contracts. The FOAM network will use radio beacons and will provide incentives for decentralized location services that will be given by network participants. Users will stake tokens to become zone anchors, that will work with radio beacons to return location data to the network. FOAM's Proof of Location protocol will be used to confirm consensus on the location of objects and entities in space and time.

Ratings

Overall

5/5 (1)

(0)

(0)

How useful is this tool in creating decentralized applications?

4/5

How does this platform compare to similar development tools?

4/5

How effective is this tool in encouraging blockchain adoption?

4/5

How scalable is this platform?

3/5

How likely is it that this tool will still be used in 10 years?

5/5