preface

Bumo is a project with the objective of creating a trusted network where the value can flow as freely as information, utilizing existing smart device that are already present every where in the world. It focused on ease of transfer over various networks with the internet of things, fintech and social network industry. The vision of BUMO is to create a next generation block chain for ubiquitous value transfer which enabling tokenization of any assets which is ready for enterprise to use high performance.

BUMO EASY INTEGRATION :

BUMO allows users to launch dApps without any development knowledge, individuals and companies are likely to avoid costly and complex processes in favour of traditional value transfer methods.

INCENTIVE SYSTEM:

BUMO incentives are gotten from :
• storage and network fees which are dependable on the type and sizes of transactions.
• calculation fees : Based on weight of other computing resources per time its takes to executes contracts requirement.

BENEFITS OF BUMO

• FREE FLOW OF DIGITAL ASSETS
(A) static assets
(B) cross domain calculation which creates new magnitudes of value.
• INTELLIGENT IoT VALUE CHAIN
(A) 45 billion IoT devices expected by 2020
(B) BUMO intends to act as universal, digital book and enable data to be traded seamlessly in order to
• eliminate fragmentation of communication protocols.
• eliminate high cost of network maintenance .
• eliminate fears born of lack of trust through illicits nodes on the network.

BLOCKCHAIN AND THEIR LIMITATIONS

• Performance : in terms of transactional speed for platforms like BITCOIN
• Energy consumption: Proof of work mining extremely taxing on energy and may leads to centralisation of mining.
• Application threshold : Building, integrating and promoting blockchain infrastructure product into business is always difficult because of scarcity of professional expert.
• value isolation: Inadequate of liquid market for cryptocurrencies