BUMO and mass adoption in other technologies

BUMO is a next generation commercial category public block chain for ubiquitous and reliable value transfer, which aims to create a decentralized application ecosystem with broad digital confidence, free flow value and public sharing applications.
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TABLE OF CONTENTS

• Bumo
• Technological Advantages
• Decentralized application ecosystems
• among so many chains. key differences of bumo
• For some large companies that have problems of scalability, security and performance in the implementation of blockchain, how do you think BUMO could help?
• The consensus (PoW, PoS, etc.) is always a bottleneck for the transaction speed of a chain of blocks, how does BUMO solve it?
• Why is safe transfer of value so important?
• In a digital world, how important is the security and speed of the data?
• Since bumo is not restricted to powerful computers to run nodes, how can this help mass adoption?
• Some great use cases!
  STRUCTURES OF BUMO
  

Ubiquitous Trust Network
“Trust is based on ubiquitous machines. Rights of data belong to users themselves. All nodes are involved in the maintenance of Blockchain. Trust network will be everywhere”.

Trusted Value Transfer System
Digital trust is the linkage of virtual world and the real one. Ubiquitous trust system will be established. Online value flows will become ubiquitous as well.

Public-Sharing DApp Ecosytem
Digital Identity, Tokenization Protocol, Value Transfer, Decentralized Transactions, In-DApp exchange, etc. Distributed applications will also be ubiquitous.
Technological Advantages
“BUMO is a new generation of public chain for business. It builds an internet infrastructure that can move value around through core technologies like BU Firework, BU Orbits, BU Canal and BU CodeMach”.

Improved Two-layer Consensus Protocol
The innovative DPoS+BFT consensus algorithm for two-layer multiple chains. A multi-child structure is supported and validators selection is dynamic. It will improve transaction processing and serve diversified scenarios.

Two-layer Polymorphic Architecture for Multi-child Blockchain
The multi-child blockchain system is featured with a two-layer multiform structure, in which “two-layer” means the main chain and child chains，and “multiform” means the different technical features among the main chain and child chains.

Inter-Chain for Routing Value across Blockchains
Bridging different main chains. Both homogeneous and heterogeneous Blockchains can be connected. Value can be routed among different main chains. The InterChain links main chains, just like the router in traditional Internet.

Developer-friendly Smart Contract
To ease the development of smart contract, popular programing languages are extended, like JavaScript, C/C++, Python, etc. Trustworthy data feed is proposed for smart contract. The smart contract is turing-complete as well.

A ubiquitous value can be considered to networks of data transmission and information and communication technologies as ubiquitous, by virtue of which the signals of internet, television and mobile communication are scattered throughout the territories and are available at all times .

DECENTRALIZED APPLICATION ECOSYSTEMS

A new model for the creation of successful and massively scalable applications is emerging. Bitcoin started the way with its open source, the nature of P2P, cryptographically stored records, (blockchain), and a limited number of units that take advantage of the use of its features

AMONG SO MANY CHAINS. KEY DIFFERENCES OF BUMO

Ethereum 24, Omni 18 and Red SAFE 14 are just some of those
"decentralized applications" that use a variety of methods to operate. Some use their own chain of blocks (Ethereum), others use an existing blockchain and emit their own tokens (Omni Layer), and others work two layers above an existing blockchain and issue their own tokens (SAFE Network).

For BUMO The application must be completely open source, it must work autonomously and without an entity that controls most of its tokens. The application can adapt its protocol in response to proposed improvements and market suggestions, but all changes must be decided by consensus of its users.

FOR SOME LARGE COMPANIES THAT HAVE PROBLEMS OF SCALABILITY, SECURITY AND PERFORMANCE IN THE IMPLEMENTATION OF BLOCKCHAIN, HOW DO YOU THINK BUMO COULD HELP?

Decentralized applications have the potential to be tremendously successful, how different types of decentralized applications can be classified, and the terminology that aims to be more accurate and useful for the community.

it is postulated that these decentralized applications will one day overtake the world's largest software companies in utility, user base, and network valuation due to their superior structure of incentivization, flexibility, transparency, resistance and distributed nature.

Traditional companies can participate in various techniques for obtaining capital (such as selling shares of their shares and paying dividends or loans against their shares and paying interest).

The property of tokens is everything the user needs to use the system. It's that easy. The value of the tokens is determined by the number of people who value the application. All the incentives, the monetization, all the ways to get support are integrated into this wonderfully simple structure.

THE CONSENSUS (POW, POS, ETC.) IS ALWAYS A BOTTLENECK FOR THE TRANSACTION SPEED OF A CHAIN OF BLOCKS, HOW DOES BUMO SOLVE IT?

All software applications are open source, no entity (government, company or organization) controls and all records related to the use of BUMO are open and public.
BUMO generates its tokens, THE BU, with a predetermined algorithm that can not be changed, and those tokens are necessary for it to work.
The miners rewarded for their contributions in securing network. All changes in must be approved by a consensus of the majority of its users through the work test mechanism

WHY IS SAFE TRANSFER OF VALUE SO IMPORTANT?

everything flows according to supply and demand, which is what really determines its value.

The 3 most popular or popular cryptocurrencies are Bitcoin, Ether and Litecoin.

In general, they have 3 main characteristics:

They are decentralized. This means that they are not governed or administered by any person, financial entity or government.

They have international reach. It allows transactions to be carried out around the world through the internet.

They use cryptography principles to guarantee the security of transactions. That is why they are called crypto Cryptography allows you to guarantee the authenticity of transactions and control the creation of new digital currencies. Thus, lines of programming code that have a monetary value are used.
What advantages do these 3 characteristics offer?

Excellent question! Thanks to the key features that we have just reviewed, it offers really attractive benefits, such as:

Security and control over your money. Transactions are secured by military cryptography. No one can charge you money or make a payment in your name.
Fast payments, everywhere and at any time. International transactions can happen even on weekends and much faster than what a bank would take (seconds or, at the latest, minutes). The one who receives the transaction can choose any platform or application to receive it (commonly known in this context as "purse").

Very low or no fees. Most cryptocurrencies allow you to send and receive payments at almost zero cost. Except in special cases, such as in minute payments, there are no fees. However, you can choose to pay a small voluntary fee to increase the priority of the transaction and remunerate the people who operate the network.

Protect your identity There is no credit card number that someone can use to impersonate you. In fact, it is possible to make a payment without revealing your identity, almost like physical money.

IN A DIGITAL WORLD, HOW IMPORTANT IS THE SECURITY AND SPEED OF THE DATA?

As a first definition we could say that digital transformation is the application of digital capabilities to processes, products and assets to improve efficiency, improve value for the customer, manage risk and discover new opportunities for generating income.

By digital capabilities are electronic, scientific, data-based, quantified, instrumented, measured, calculated and quite possibly automated.

Speed is the new currency in business. Organizations must be quick to meet the needs or expectations of customers and employees in a competitive market. There are no shortcuts in digital transformation to achieve this speed. But as an organization moves more and more into an automated world defined by software, it moves faster and faster because the data and its important associations emerge. This allows the transformation of what the company does.

In a world driven by processes, the processes must be routine and allow to obtain in a consistent way the defined result. Digital transformation transforms processes, which makes it faster and more reliable to focus on what needs to be done instead of getting stuck in the effort to get the right processes.

A world based on data allows us to deliver a complete customer experience, "on time and in its entirety". , but the speed with which the customer can complete an order. The experience and customer satisfaction lies in the fact that the client does not need multiple conversations

The data are the enablers of new technologies and solutions. The data is where important and actionable business knowledge is derived. However, most executives and decision makers are concerned about the quality of the data on which their solutions and knowledge depend.

Many companies and decision makers do not understand what constitutes quality information and how it can be obtained, generated, collected and used. Data, or more specifically, quality data, is the critical differentiator that drives digital transformation and what constitutes quality information.

The data optimizes the sales channels The potential to reach new customers is a critical factor in the adoption of digitalization. But the digitization of sales channels or digital transformation is simply a response to changing customer preferences.

Companies had to respond by transforming their sales channels and adding e-commerce websites and mobile applications to their traditional channels, such as physical stores. Data is key to understanding customers and their preferences. Structured data, such as those from CRM systems, helps organizations generate information about their customers based on their previous purchases and historical transactions.

Organizations can also collect unstructured data from social network customers and listen to what their customers want through their online postings, comments, and feelings. This greater understanding allows organizations to optimize their sales channel strategies to adapt to the needs and preferences of their customers. In addition, customer data helps organizations adapt their sales channels for more personalized services and commitments.

For example, a customer's purchase history allows an organization to give that customer some personalized recommendations based on their past actions, thus maximizing cross-selling opportunities and additional sales. Data drives innovation and revenue Another key to the adoption of digitalization is product and revenue innovation. Digital transformation allows organizations to create products that customers want instead of creating products and forcing customers to buy them

Data gathered by sensors on machines and other equipment at the factory allows them to determine their own maintenance schedule and automatically alerts the supply chain and service engineers to ensure that the correct service is performed and that the appropriate personnel and parts appropriate arrive at the right time.

The data also allows organizations to optimize the use of their assets. The analysis of historical data provides manufacturers with information on the optimal configuration of the equipment, such as temperature, pressure, electricity and workload. It also helps manufacturers predict the demand for their products, allowing them to perform critical maintenance procedures during periods of low demand, so that interruptions can be prevented during periods of high demand

SINCE BUMO IS NOT RESTRICTED TO POWERFUL COMPUTERS TO RUN NODES, HOW CAN THIS HELP MASS ADOPTION?

“Acts as a validation node and charges a transaction fee through gas
Transfers between accounts in BUMO (purchase / sale) Participates through donations in Ethereum alBumo project developers
Participation in the construction development of Bumo ecosystems' s”

The diffusion of a new technology can be key to determine if it can be spread throughout the world. It is the conclusion that the MIT (Massachusetts Institute of Technology) launches after a new experiment in which it tries to explain why mass adoption is slowing down.

The random delay of access to bitcoin caused two "parallel universes", according to Catalini. "In one, we ended up sowing the technology in an optimal way, in the other it was practically the opposite."

SOME GREAT USE CASES!

The massive adoption of technology "AMTEC" of FEDEARROZ- National Fund of the Rice is a technology transfer model based on sustainability and responsibility
social rice, as a technological strategy in search of competitiveness and the permanence of the producer implementing technology to increase the yields and reducing production costs in productive agricultural systems.
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