The development of a decentralized system has made many world application developers begin to utilize blockchain. One is the LABO application that creates a social media system that runs on the Ethereum blockchain system. What happens if the messenger and social media applications are decentralized? Positive impact of using blockchain system to reduce fictitious accounts, and all activities recorded in the ledger.
Currently, there are a variety of mesengger applications that can be downloaded freely through the Store. But there is still no mesengger that promises completely secure data, including data theft and misuse of the application. A group of app developers in Japan has now made a new innovation, a decentralized blockchain based messenger. This application not only offers privacy conversation, but also provides wallet tools that can be used for buying and selling.
An innovation appeared in Japan that initiated the application of blockade-based messenger Ethereum. LABO is a social media platform, written in an open source language and based on the Ethereum Blockchain network technology. LABO is also a social networking service without vendors because it adopts Peer to Peer technology. What are the advantages of LABO so plan to release the messenger application in the near future? Some leaks and the following roadmap released official LABO at least explain the future plan.
LABO Messenger Innovation
After several years blockchain is applied in the world of IT, especially internet network. Various innovations are emerging so that older modeling applications will slowly be abandoned or even adopt a decentralized system. According to LABO application developers will be released this year, so everyone can use the world's most secure messenger with the blockchain system. Soon, LABO will be available on smartphones and desktop computers.
Not just chat, phone or video call, LABO is also prepared to manage the digital currency. LABO coins can be used for rewards, buying and selling of goods, of course at the same coin prices around the world. So there is no longer the limit of conversion of various world currencies, all using a single coin. After the LABO application launch, this coin will be available on crypto stock.
What's the difference with conventional messenger social media system? In conventional social media and messenger systems, it is currently controlled entirely by business entities. All private messages and information run on one network, inseparable. This system runs directly over the internet that is sometimes vulnerable to hacker attacks. Then, each user must follow the policies issued by the carrier.
While mesengger systems are made with blockchain, most of the funds provided are used for application development. The information network is generally accessible, but private messages run on different networks. Utilization of blockchain facilities to date has been known for its most promising security and privacy systems. Just like the wallet / purse of digital currency, privacy and security in data storage are recorded in the ledger.
Wallet LABO
In addition to the mesengger application, LABO also serves as a wallet or purse digital currency. Everyone can send coins walking the Ethereum network all over the world. This facility will be intended for the purchase and sale of goods more easily run in one application.
Not only as a wallet, LABO also plans to increase its applications that can be used for conventional payments. Includes bill payments, such as credit cards and car payments. And the sale of coins will be available in public that can be purchased on the world crypto exchange. The token plan on the crypto market is estimated to appear in Q1 and Q2 2018.
Currently LABO opens pre-sale ICO, January 25, 2018, not only for Japanese citizens, but also applies to the entire population of the world. For registration, please go directly to Official LABO. Or can follow developments in social media Facebook and Twitter.