The Internet of Things (IoT) technology is poised to revolutionize the digital currency landscape and enable Cryptocurrency to transcend beyond pure investment and into the traditional and functional marketplace. IoT platforms present the reality of a complete digital coin ecosystem, allowing consumers to trade and spend the billions of dollars or Cryptocurrency that currently exist in the digital markets. According to research by Aftrex, the IoT industry is projected to grow north of $250 billion by 2026, while the Cryptocurrency landscape is already valued north of $270 billion. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Nxt-ID, Inc. (NASDAQ:NXTD), Seven Stars Cloud Group Inc. (NASDAQ:SSC), Xunlei Limited (NASDAQ:XNET), Oracle Corporation (NYSE:ORCL).
Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence, enabling mobile technologies, is incorporating its gEYE security engine into its digital currency, Technology Platform the GRC.
With Gopher technology, when fully developed, the radio based coin will provide that each transaction, called a block, is recorded. A Blockchain is a continuously growing list of transactions (Blocks). The validity of each GRC coin is provided by a Blockchain. The blocks are linked and secured together using cryptography. gEYE security system was developed to secure complex data and Gopher is in process to retrofit gEYE to secure Gopher GRC.
The gEYE system aim will be to secure Gopher’s gNET communication protocol. The gEYE includes multiple layers of security methods, including advanced encryption as disclosed on The Company release from July 27, 2018 – https://www.otcmarkets.com/stock/GOPH/news/Gopher-is-Developing-Its-Network-and-Cyber-Security?id=198743
“We developed our gEYE advanced security system with the goal of securing our broad range of technologies. Among them are our GEO location system, Avant! AI and database sharing” stated Dr. Danny Rittman, Gopher CTO. “Now, as we gear up to present GRC, we will add another branch to our gEYE system with the goal of securing the digital coin, to ensure hacking-free transactions for the benefit of the users. As digital currency is vulnerable to cyber theft, we are investing significant efforts to protect this aspect of our technology. We are creating a dedicated module within our gEYE, especially designated for digital coin security” added Dr. Rittman. Read this and more news for GOPH