Gopher Protocol Announces Launch of Blockchain Division
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:
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov ). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.
Contact: Dr. Danny Rittman, CTO Gopher Protocol Inc. VM Only 888-685-7336 Media: email@example.com