SAN DIEGO, CA, June 12, 2018 (GLOBE NEWSWIRE) -- Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is pleased to announce that is has launched a blockchain division to support and extend its multiple technology efforts.
The blockchain division will focus on the use blockchain solutions to manage multiple lines of business and operate them with “distributed ledger” blockchain technology (DLT) as the underlying technology.
This technology allows digital information to be distributed, but not copied. That means each individual piece of data can only have one owner. It has also been described as a “digital ledger” stored in a distributed network, the information is constantly reconciled into the database, which is stored in multiple locations and updated instantly. That means the records are public and verifiable. Since there is no central location, it is harder to hack as the info exists simultaneously in millions of locations.
The blockchain will also seek to create partnerships with groups seeking to use Gopher technology for tokenizing tangible, valuable assets to be coupled with blockchain technology to store data and provide transaction history. The focus will be to provide traceability of data, tangible and proven value of an assets and scalable technologies supported by distributed processing capabilities.
“We believe a business model combining blockchain with Gopher’s already developed network technologies provides promise to the IoT (Internet of Things) industry and that our expertise in AI and IoT will provide us with the ability to enter this industry with a focus on the tokenization of tangible assets as well as other groundbreaking capabilities that can be achieved through the utilization of blockchain technology,” stated Dr. Danny Rittman, CTO of Gopher.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
Corporate Site: http://gopherprotocol.com
Press page/ press kit - http://gopherprotocol.com/?page_id=228
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.
About Guardian Pet Tracker http://www.guardianpettracker.com/
The Guardian Pet Tracker (Sphere Internal name - the "Sphere") system is a derivative technology of Gopher's Guardian Patch technology. The Sphere is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source. Gopher intends to release pre-production units in limited test in the near future.
GOPH disclosure: More info: SEC link /technology abstract:
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Contact: Dr. Danny Rittman, CTO Gopher Protocol Inc. VM Only 888-685-7336 Media: email@example.com