Inviting Bids for Geonode Infrastructure Program

TIM COIN
2 min readSep 2, 2018

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TIM Blockchain is developing Enterprise Security Framework for all interoperable blockchains

Geonodes will make exchange operations more secure and efficient

Enterprise security is key to mass industry adoption of blockchains. So far 4 million bitcoins have been lost as per reports. And this is scary.

No valuable asset can have adoption if their theft and loss rate is 25%. And this situation will be a history very soon. Thanks to Geonodes.

Geonodes are a way to geofence your assets in smart contract which can have customisable level of access like 2FA, MFA, LDAP and Biometrics. The mining computer of geonode is kept in physically secure location which has a 100m radius of fencing.

The tighter integration of geolocation by GPS in TIM Blockchain provides this unique feature by which one can write smart contracts to allow/disallow it’s execution in a given geolocation. And there can be many use cases of this feature. One of which is to create specific locations where smart contract based wallets can be secured. Having telecom partners for this is going to improve the geolocation security as well. Telecoms companies use GPS to synchronize their towers. Therefore Telecoms are a natural partner for TIM.

How will Bitcoin and Ethereum benefit?

TIM is getting ready with atomic swaps and all cryptocurrencies having this interoperability can work with TIM. This way one can secure bitcoin and ethereum by geonodes. This will put an end to next 4 million bitcoins being lost to theft and losses.

Ecosystem Driven Development

Our core effort has always been to build the state of the art blockchain to enhance our enterprise partnerships. And there are so many new frontiers to cover. We want your opinion and advice on how to build the adoption roadmap. There are so many alternatives and choices. Which interoperability features should be tackled first? What level of interoperability should be developed? Should it be limited upto smart contract to smart contract based interoperability or transactions based swaps as well?

Geonodes Bids open on 11 October 2018

The Request for Proposal has been initiated for inviting bids to build the enterprise security framework. TIM Blockchain will dedicate $5M towards developing this framework.

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TIM COIN

The Internet of Money (TIM) is an internet grade blockchain providing 100 Million Txns/Second. WWW.TALKING.IM