Foam — Ryan King, CEO and Co-Founder — Open-Source Proof of Location Protocol for the Ethereum Blockchain
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 22 November 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
In order to have a trustless system that is able to verify location for smart contracts, Foam is currently developing a spatial protocol that can run on the Ethereum blockchain. This system would give users the ability to verify real-time locations through the blockchain and would be useful in various use cases, including location-based gaming or loyalty rewards programs, supply chains, IOT devices, self-driving cars, mapping functions and applications, and more.
Because GPS is easily spoofed, the ability to verify location in real-time adds important commercial value for its users. Despite this, Foam is committed to making their protocol open-source. They have two tracks of development–the first is the spatial index, which they hope to make available to the public by the end of the year, and the second is a pilot proof of concept protocol in order to set gateway nodes and incentivize adoption.
Beyond the release of the spatial index, Foam hopes to release a new white paper and website by the end of the year, and begin a token sale in the beginning of 2018.
For more information, visit www.foam.space.
Transcript
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| 0:44.0 | Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.0 | Future Technologies voice to transform our lives for better or worse are the focus of this |
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| 1:10.8 | Hello this is Richard Jacobs with Future Tech Podcast. My guest is Ryan King, CEO and |
| 1:17.6 | co-founder of Foam, and the website is Foam. |
| 1:21.1 | Brian, how you doing? |
| 1:23.0 | I'm great, happy to be here. |
| 1:24.0 | Thank you for having me. |
| 1:25.0 | Yeah, since we're not talking about mattress foam, |
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