Bumo: The Solution To Challenges Facing Blockchain Technology

Users of blockchain technology have access to great applications such as decentralized exchanges and prediction markets. However, several factors can limit the mainstream use of this technology. Some of these limitations include limited privacy and scalability, tooling constraints, inadequate storage, and limited formal contract verification.

Bumo, a platform on the blockchain technology, has resolved these challenges. It helps blockchain networks to improve their performance. This platform provides a safe network for efficient and speedy transfer of information. It is user-friendly with easy-to-use developer design tools. It also provides templates for quick deployment of dApp. Besides, it is accessible on various smart devices.

The primary objective of Bumo is to provide a secure platform for the transfer of data over different networks. Large enterprises with performance, security, and scalability issues can use this platform to improve their operations. This project can support their numerous transactions. An enhanced functionality is easy to achieve since the platform uses smart devices as nodes.

Large Enterprises Need Bumo Technology

The smart devices allow users to transfer information over the Bumo platform from any location. These devices can improve the platform’s network as they can be used everywhere. As nodes, they are autonomous and transparent, increasing the efficiency of value transfer over the platform. The devices can also aid in value recreation as they can also generate data. Companies that need a speedy and safe transfer of data can benefit from this platform.

Large companies are at risk of scalability issues due to their voluminous transactions. Using this blockchain technology can eliminate delay in completing transactions. It can also secure an enterprise’s sensitive data and improve the efficiency of its operations.

Through Bumo technology, enterprises will achieve a seamless transfer of value at cheaper rates. The platform will solve security issues as the nodes on its network are transparent. With a trust network, fears of loss of data will be eliminated. This technology will improve companies’ communication system and save the cost of maintaining a company’s network.

Secure Transfer Of Information

Loss of sensitive data can cost an enterprise dearly. A breach in a company’s network can lead to loss of confidential information. Besides, such resources might get into the wrong hands during transfer. Bumo ensures that sensitive information is transferred without compromise. With this ubiquitous trust network, enterprises can secure their sensitive data in storage and during transfer. With a free and safe transfer of sensitive resources, companies can improve their performances.

Besides, enterprises that integrate Bumo in their operations will save the cost of the transaction associated with the traditional data transfer methods. The easy-to-use feature of this blockchain platform makes it user- friendly. Users can use it to satisfy their needs without prior knowledge of dApp development. Moreover, it provides templates library which can help users to carry out their operations effectively.

Ubiquitous Network

The use of smart devices as nodes allows users to use Bumo everywhere. This feature makes the platform easily accessible to individuals and companies. Besides, it is easy to implement and cheaper compared to the traditional process of value transfer. It has high transaction speed. Unlike other blockchain platforms, it does not consume energy.

Bumo is a decentralized platform that allows users to control their activities. Its assets can be tokenized. The BU-Token enables users to perform a smart contract and hold management positions on the platform.

This content is an entry for the @Originalworks contest for Bumo2018.