OTS - G999: GSB Gold Standard Banking introduces revolutionary block chain ecosystem (part 1)
2020. October 07. 13:26
Hamburg, 7 october, 2020 (APA/OTS) - The world of financial
currencies is likely to take a big step forward, and the
Principality of Monaco seemed the perfect place to test innovations
at the moment.
With this in mind, GSB Gold Standard Banking Corporation AG
(GSB), a leading German software, IT and blockchain group, has
chosen the Monte Carlo Conference Centre in Monaco to launch an
unprecedented technology that will make transactions of crypto
currencies much easier and above all much faster.
During a glamorous opening ceremony, in the presence of a large
crowd of international press and news agencies, Josip Heit,
Chairman of the Board of Directors of GSB and his team of
international software and hardware developers presented a unique
electronic money system in the iconic golden hall of art (Salle des
Arts) "G999", Card device and app in one, inspired by the
deflationary token economic model, which allows fast payments,
micro-fees and a variety of other options, including a
communication network that guarantees customers absolute privacy,
which will be impossible to decipher with today's technology.Enjoy
the great future of the digital age," announced GSB's CEO,
introducing Alexandru Cocindau, Chief Technical Officer (CTO,
Technical Director) of the GSB Group, who chairs the internal Group
Development Group.
G999 is based on the idea that block chain technology must
ensure compliance with environmental regulations, in particular the
promotion of energy saving. At the same time, it meets the current
need to manage personal data in a completely secure and risk-free
space, away from the mainstream web network through a decentralised
data centre.
G999 enables tokens (Tokens are basic building blocks for
operations with cryptographic values: Only those who have a valid
token are allowed to execute a transaction on the associated block
chain) to store, trade and use tokens almost simultaneously in a
wide ecosystem without being dependent on intermediaries such as
banks or payment processors. In addition, for the first time it
offers wallet communication, a spam hacker-free e-mail service and
a voice & chat system that is fully integrated into the platform.
The way this system works is likely to make it impossible for
decades to eavesdrop on or intercept, among other communication
channels, making this system more than just system relevant.
Our block chain ecosystem is open-source and based on computer
technology, which allows anyone to develop their new or established
business according to a proof of stack model (Proof of Stake is a
process by which a block chain network reaches a consensus on which
participant may generate the next block)," emphasised the CEO of
the GSB Group of companies based in the Port of Hamburg.
A targeted academy has also been created to regularly support
each user in all steps with texts and technical videos in order to
facilitate the use of this new tool in a simple and secure way. "We
truly believe that only a well-informed community is able to
benefit from the entire ecosystem", Alexandru Cocindau underlined.
Thus, G999 has a multitasking character and allows information
tokens and additional spy-proof services without the risk of
external manipulation.
"Blockchain is not just a bit coin, it is something great that
can be used for different purposes in almost all industries",
emphasised Josip Heit during the international press conference.
"In my opinion, it is one of the best technical creations of modern
times," he added. "As far as the cost of the Blockchain platform is
concerned, it is dynamically calculated according to the amount of
information you send through the platform; our goal is to make this
technology fully accessible to everyone worldwide," emphasised CTO
Cocindau.
G999 will indeed interact continuously with users and inform
them of the actual balance according to its use in transparency.
"To prevent spamming, we have introduced a charging system that
makes every malicious message so expensive that it hinders its
distribution," added Cocindau.
Questions during the press conference, such as Do you see the
current economic crisis due to the pandemic as an opportunity or as
an obstacle to the promotion of G999, answered Josip Heit, CEO of
the Group, which has partners in 120 countries around the world, by
saying: "I don't want financial advice, but I trust in digitisation
and any existing infrastructure that comes with it. In this
respect, there are many improvements that we can make to speed up
the processes in the global economy and make them more
user-friendly".
For those who want to know what G999 means, the "G" is derived
from the initial 'gold', as GSB Gold Standard Banking Corporation
AG is based on the gold market with the aim of transporting this
precious metal around the world in a way that is easier for traders
and users. During the two years of development, a completely new
communication system was designed, focusing on security and
efficiency, G999 is the result - like 999 percent pure gold.
(continues)