Review on FOAM by francis fernandez
A digital instrument for the creation of routes in a decentralized way
The emergence of the GPS system set an important and valuable precedent for the airline industry, remote media, and the electrical industry; among other sectors that depend on specific geographic location signals to carry out tasks related to their utility.
However;the advent of blockchain technology has made it possible to offer a more secure non-custodial location mechanism than GPS, due to the unalterable nature of the information recorded on the blockchain. This has sown an important initiative for location services worldwide. Through the use of blockchain infrastructure, FOAM was designed.
FOAM is a blockchain solution that offers location validation services, through the use of radio systems located anywhere on our planet to constitute a global network without intermediaries, fail-safe.
What utilities does FOAM offer?
Allows you to design maps together with other users
You do not need the use of expensive satellite systems
Offers reliable location information
Allows free access to a network without custody or intermediaries
Allows you to create a protected database under the custody of the distributed ledger
Allows users to exercise autonomy over their network of locations by being holders of FOAM, the network's native token
Provides localization certification services that can be of benefit in the development and operation of other decentralized solutions that are very useful in sectors such as aviation, the electrical industry and global communication systems, among others.
Pros
- It allows you to discover and save locations and routes from anywhere in the world
- Create a digital library of locations based on the blockchain
- Does not require the use of satellites
- Valuable tool for airlines
- Mechanism that cannot be manipulated by third parties
Cons
- Fluctuating value of the currency
