FOAM

by FOAM Inc.

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Parity Technologies

by Parity Technologies

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Tendermint

by Interchain Foundation

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FOAM

by FOAM Inc.

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Parity Technologies

by Parity Technologies

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Tendermint

by Interchain Foundation

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What problem does this service solve?

FOAM aims to to bring location data to blockchains and enable consensus driven mapping.Parity's software makes it easier for organizations, end-users, and developers to use blockchain.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

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Company Description

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.

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

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.

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