Next-generation blockchain platform Simbus presents a new paradigm for symbiotic and practical value

◇Introduction of Simbus

SymVerse is a cryptocurrency for the next-generation blockchain platform designed and developed by Simverse based on game theory. The currency unit of Simbus is SYM. Simbus started in June 2018. The founder of Simbus is Dr. Soo-hyuk Choi, who majored in game theory. In the etymology of Simbus, “Sym”, the prefix meaning’together’, and the suffix Verse, meaning’interact’, are a new word that means “everyone lives helping each other.” It means symbiosis (共生). In other words, Simbus is a new paradigm blockchain platform with core values ​​of’symbiosis’ that voluntarily participates in all blockchain users, and’practical use’ that makes transactions in everyday life easier and easier to use.

▶ Biography of CEO Soo-hyuk Choi
-Chairman of Korea Blockchain Startup Association
-CEO of Simbus Co., Ltd.
-CEO of WiseM Global
-Adjunct Professor, Department of Blockchain, Graduate School of Information Security, Korea University
-Served as the CEO of Strabass/Director of Research Institute
-KAIST GSCT Adjunct Professor
-Arthur D. Little Korea Information and Communication Team Leader
-Research Fellow at the Institute for Information and Communication Policy / Served as Head of Information Industry Team
-Ph.D. in Economics, Northwestern University
-Master of Economics, Yonsei University

▶ Main business: Simbus blockchain platform operation, coin issuance and operation
SymVerse is a mainnet project, the first in the world to maximize reliability and convenience through the support of self-sovereign decentralized identifiers (DIDs) and flexible user management systems (CA, Citizen Alliance) based on multi-blockchain. It is an independent blockchain platform.
It implements the fastest consensus algorithm based on BFT, provides a mechanism for voluntary participation and continuous expansion of participants, such as compression technology that dramatically reduces blockchain storage capacity, and the principle of fair distribution according to the contribution to ecosystem activation.

▶Use Case (3 representative types)
-Bitcoin Terra (BTCT)-DeFi Bitcoin Mining Service
DeFi Bitcoin mining service Bitcoin Terra is a service that lends bitcoin mining capabilities to a mining factory as a decentralized financial service and receives bitcoins mined in return. Throughout the service, tokens issued through the Simbus mainnet, Bitcoin Terra (BTCT), Bitcoin Match (BTCM), and Simwallet are utilized to reduce cost and speed and provide a stable service.

-ALLGIO-Block portal
RGIO Block Domain is an innovative idea that combines existing domains and keywords. In addition to the simple link function provided by the existing domain, Algio Block Domain implements a business platform based on knowledge assets that enable keyword advertisement, revenue generation, and asset increase.
You can generate revenue by creating and sharing the value of your data through the keyword domain service provided by RGIO, and secures the reliability of service transactions and transparency in value exchange by utilizing the Simbus blockchain technology.

-Sejong Appraisal Corporation-Value Shopping
Value Shopping, developed by Sejong Co., Ltd. through years of real estate database construction work and AVM (Automated Valuation Model, automatic price calculation system) implementation work, and convergence with the IT technology of the fourth revolution, provides information on about 50 million real estate nationwide. You can check the current price immediately.
In addition, it will be of great help in significantly reducing the time and expenses required to grasp the market price of real estate and to easily compare and review the realization rate of the published price, equity between regions, and the rate of increase from the previous year. This vast real estate information was combined with the trust network of the Simbus blockchain to ensure reliability and transparency.

▶ Awards
-2019 Korea Sustainable Innovation Leader Grand Prize
-2019 3rd Seoul Innovation Challenge Excellence Award
-2019 MARVELS AWARD Blockchain Convergence Industry Convergence Award

▶ Blockchain related patent

-Patent number: 10-2018-00775834-How to combine multiple tokens into one token using multiple blockchains
-Patent No.: 10-2018-0075427-A method of creating a block chain with a consensus process of node proof method and a process of distributing costs by selecting a hierarchical and probabilistic representative
-Patent number: 10-2019-0107046-System and method for issuing, managing, and utilizing digital ID cards using distributed ledger

▶ Blockchain related authentication
-Passed the TTA performance test by the Ministry of Science and ICT
-Sim Wallet Blockchain Wallet Service Category First in the industry to acquire GS certification 1st grade