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UnitedCorp and TNW Announce Creation of BlockNum(TM), the First Telephone Number Blockchain Transactional SIP-based PSTN
UnitedCorp and TNW Announce Creation of BlockNum(TM), the First Telephone Number Blockchain Transactional SIP-based PSTN.
About this update from United American Corp
[{"type":"text","content":"\n\n MIAMI, Dec. 22, 2017 (GLOBE NEWSWIRE) -- via OTC PR Wire -- Miami-based United American Corp (UnitedCorp), (OTC:UAMA) and TNW announced today the creation of BlockNum, the universal Telephone Number Blockchain Transactional Public Switched SIP-based Telephone Network and which is currently patent pending. \n BlockNum will be a distributed and decentralized ledger technology and is the first blockchain to be based on SIP-Protocol (Session Initiated Protocol), which is used by the vast majority of telecommunications companies around the world. This will allow BlockNum to execute blockchain transactions between any two telephone numbers regardless of their location making it instantly scalable. For cryptocurrencies, this means that transactions can occur simply and without the need for “cryptocurrency wallets”, allowing anyone with a phone number to do a transaction. BlockNum uses new SIP protocol headers (Blockchain-SIP or B-SIP) to embed key information for a blockchain transaction and this information is updated in real time as the transaction proceeds through the blockchain which will consist of a sophisticated network of decentralized independent network elements or “Nodes”. Transaction verification and overall integrity is achieved through Proof-of-Consensus (“PoC”) which is based on the well-established concept of “Consensus Theorem”. PoC will allow BlockNum to execute blockchain transactions significantly faster and without the heavy computational and energy requirements of many traditional blockchains which can consume significant amounts of electricity per transaction. This makes BlockNum the first truly green blockchain.   The BlockNum Whitepaper is available at: https://blocknum.com/wp-content/uploads/2017/12/BN_White-paper.pdf Initially, BlockNum transactions will be facilitated exclusively through a transport token known as the GIGA. Through the GIGA, BlockNum will permit real-time and seamless conversion of fiat and/or cryptocurrencies between transacting parties. BlockNum will eventually be available for use with other blockchain applications such as supply chain management, chain of ownership and fraud prevention. UnitedCorp also expects to develop ancillary applications such as the use of the token for payment of login based wireless LTE such as i...