A SPATIAL PROTOCOL BUILT ON THE ETHEREUM BLOCKCHAIN
Crypto-spatial layer Leveraging the blockchain to create a protocol for identity of location data.
Crypto-Spatial Coordinates turn space into smart contract wallets.
Native Foam Token
Foam Tokens are used to create spatial wallets and space tokens.
Create derivative utility tokens with unique coordinate adresses.
The FOAM protocol introduces a new blockchain spatial dimension.
Whereas conventional coordinate systems using longitude and latitude are confined to the horizontal geographical layer, the Crypto- Spatial Coordinate enables a vertical Z axis, which is the token balance of the address and the stack of smart contracts that reference the address of the physical address.
This ties in the geospatial layer with the vertical stack of smart contracts deployed on the vertical crypto-ledger.
OPEN STANDARD WITH VAST FIELD OF APPLICATIONS
Internet of Things
The protocol can be utilized by devices that negotiate with and pay each other, such as drones that negotiate use of air space, self-driving cars that negotiate lane space or pay for road usage and mobile/wearable devices that pay for public transportation.
Blockchains allow you to track custodianship and provenance of items on a supply chain. Our protocol adds a dynamic location layer to be integrated into this process.
Real Estate & Land Ownership
The addition of a geospatial protocol to the blockchain transforms Real Estate & Land Ownership functions such as property transactions, purchase, sale, financing, funding and leasing.
Augmented Reality & Location Layer
Augmented Reality applications can be used to see and verify the locations of smart contracts in the real world. Games, advertising and loyalty programs for being in a certain location and tags of data can be tied into a coordinate.
Geospatial Data Markets
Users can deposit data into a crypto spatial coordinate, back it with tokens, and set pricing mechanisms for its use. Examples include land parcels, terrain, zoning codes, physical attributes, data generated by self-driving cars and drones, CAD drawings and 3D Models.
Could your field benefit from our protocol?
OUR NATIVE FOAM TOKEN
Generates public addresses and wallets for physical locations
Is used to bond and deposit an economic signal into locations
Can be converted into coordinate-specific Space Tokens
Because Foam Token (FT) are needed for all of the above functions, the liquid supply decreases with network activity which in turn drives digital scarcity. Foam Token drives network effects, increases in value over time and provides an economic and protocol framework for a signaling economy in the built environment.