OTS - G999: Josip Heit and the GSB Gold Standard in the cosmos of the blockchain financial industry (part 1)
2020. October 15. 12:08
Hamburg, 15 October, 2020 (APA/OTS) - GSB Gold Standard Banking
Corporation AG (GSB), one of Germany's leading software, IT and
block chain groups, has launched an unprecedented technology that
makes transactions of crypto currencies much easier and above all
much faster. Crypto currency, also called crypto money, is a
digital means of payment based on cryptographic tools such as block
chains and digital signatures. As a payment system they are
independent, distributed and secure. GSB is one of the world market
leaders in this field for highly developed software trading
modules, platforms and signal/data streaming for the financial
industry.
Only recently, Josip Heit, Chairman of the GSB Board of
Directors, together with his team of international software and
hardware developers, presented "G999", a unique electronic money
system, at a glamorous opening ceremony in Monte-Carlo, in the
presence of a large contingent of international press, Card device
and apps for telecommunications and messengers in one, inspired by
the deflationary token economic model, which allows fast payments,
micro-charges and a variety of other options, including a
communications 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 Hamburg-based GSB Group. A targeted academy has also been
created, which regularly supports each user in all steps with texts
and technical videos to facilitate the use of this new tool in a
simple and secure way.
"We really believe that only a well-informed community is able
to benefit from the whole ecosystem", underlined Alexandru
Cocindau. 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," Josip
Heit emphasised 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 any malicious message so expensive that it
hinders its dissemination," 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 am not giving any financial advice here, but I do have
confidence in digitisation and the 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".
GSB Gold Standard Banking Corporation AG is an independent
company, the group includes GSB Gold Standard Pay KB (Sweden), GSB
Gold Standard Bank Ltd. (Comoros Union), GSB Gold Standard Pay Ltd.
(Kazakhstan). GSB Gold Standard Banking Corporation AG is not
affiliated with any other companies.(continues)