Prometeo Chain System LLC, a revolutionary blockchain technology firm, has developed a series of blockchain ecosystems that allow users access to cater to their everyday needs like navigation, payment processing, cloud storage, proof of ownership, and more. The tech team will gradually deploy its innovative chains, starting from the Prometeo and Ikraus chain systems.  

The Ikarus chain system essentially brings GPS technology to blockchain. In fact, many blockchain enthusiasts have found Ikarus to be a viable alternative to GPS due to the cutting-edge technology that it runs on. In addition to enhancing navigation like GPS, Ikarus is constantly pointing users to new business opportunities throughout their separate routes. The system takes advantage of blockchain technology to accomplish this. Ikarus uses low-frequency radio technology (LoRa) to allow accurate timestamp feature usage. Ikarus is referred to as Proof of Navigation as far as utility goes.

“We are creating a new technology – Proof of Navigation, which uses a new location Standard Crypto-Navigation Coordinate (CNC) to provide encrypted information about location via smart contracts,” said a spokesperson from the company. 

The Prometeo chain system is another one of the tech company’s blockchain systems. Its function is to totally eradicate the impact of transaction overload through the chain’s infinite scalability. The system will also reduce waste as far as hardware, raw materials, and energy generation and usage go. The team refers to this system as the Proof of Unity with regards to its ultimate utility. 

“Through our technologies, we will benefit the environment by reducing the amount of energy used for blockchain mining. (In some countries, it is planned to reduce the energy for mining…