GSB Gold Standard Banking introduces unique blockchain ecosystem
G999 is based on the idea that blockchain technology must ensure compliance with environmental regulations
GSB Gold Standard Banking Corporation AG (GSB), a leading German software, IT and blockchain group, recently launched a new technology that will make transactions of cryptocurrencies much easier and faster.
At the launch ceremony in Monte Carlo, Josip Heit, Chairman of the Board of Directors of GSB and his team of international software and hardware developers presented a unique electronic money system.
G999 is based on the idea that blockchain technology must ensure compliance with environmental regulations, in particular the promotion of energy-saving. It also meets the current need to manage personal data in a completely secure and risk-free space, away from the mainstream web network through a decentralised data centre.
G999 enables tokens - which are the basic building blocks for operations with cryptographic values - to be stored and traded without being dependent on intermediaries such as banks or payment processors.
"Blockchain is not just a bitcoin, it is something great that can be used for different purposes in almost all industries", emphasised Heit during the press conference. "In my opinion, it is one of the best technical creations of modern times," he added.
The company takes the protection of data and identity seriously and the platform has in-built safeguards to prevent spying and external manipulation.
It also has a system that will likely cancel-out spamming by making sending malicious messages so prohibitively expensive that G999 will be able to maintain its transparency.