GeoDB Partners with Fleta as per the new strategy of becoming an open data network
GeoDB is proud to announce our new partnership with FLETA.
Geodb plans to help the integration process to build a Geodata reward system for FLETA and its DApps. This will boost data being provided to the GeoDB data ecosystem & FLETA DApp owners to incentivize their users to provide this anonymous data.
FLETA is also under discussion to join as one of the founding partners of Geodb’s ODIN (Open Data Interoperable Network) Odinprotocol.io.
GeoDB already has 250k+ users across 100+ countries and plans to expand the ecosystem much more in 2021.
Luis Gelado Crespo, CEO of GeoDB, said, “This alliance is one more example of how the connection of networks in the decentralized world can create value for all its participants. This agreement with FLETA allows us to approach a vision in which information flows in a free and fast way, enriching industries and data generators, the users. We can’t wait to start working with FLETA’s team.”
Henry Hong, CEO of FLETA, said, “As both big data and blockchain are important technologies in the 4th industrial revolution, FLETA’s technology will contribute to GeoDB’s goal to improve the big data industry.” He also added, “We expect to expand our ecosystem in Europe through the partnership with GeoDB, and improve FLETA’s data system through GeoDB’s big data ecosystem.”
FLETA is a blockchain platform that aims to offer infrastructure that can be applied to real-world business models. FLETA has its own core blockchain technologies like Level Tree Validation, Parallel Sharding, Independent multi-chain Structure, Block Redesign, and PoF(Proof-of-Formulation) which is its own consensus algorithm. It aims to solve problems that existing platforms have, such as slow speeds, scalability limitations, and excessive fees, and provides a flexible development environment. Moreover, its Gateway technology-enhanced its interoperability by allowing projects to issue their tokens through other mainnets to maintain their mainnets while using the FLETA chain.
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GeoDB is a decentralized peer-to-peer big data sharing ecosystem that returns value to its creators, the users. GeoDB creates bridges between current isolated participants and aims to solve the huge big data industry's existing inefficiencies.
Users receive GEO tokens in exchange for their anonymous data, which can later be exchanged for FIAT money or other crypto-currencies. Once we launch our full network, use it to acquire goods and services.
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Geocash app: downloads.geodb.com