1. Technological idea

a. Vision: Geeqchain – Blockchain 3.0 is developed based on the limitations of Bitcoin and Ethereum. With this improvement, Geeqchain offers a cost-effective, secure, and highly scalable solution.

b. Main specific features:

Enhanced extension feature:

A blockchain GeeqChain can increase its scale to handle arbitrary large transaction loads.

Benefit 1: Making use of network resources effectively

GeeqChain uses random intermediary protocols and network to minimize the bandwidth required and build a block. An instance of GeeqChain can be easily extended to validate 100 transactions per second, running on a home computer network with a standard bandwidth connection.

Benefit 2: Optimizing the network’s dynamics feature

GeeqChain automatically adjusts the structure of validation network in response to changes in transaction load; the presence or absence of the authenticating person. If handling larger transactions requires more capacity, GeeqChain can add more additional layers (hub-and-spoke), from which GeeqChains splits the burden of communication on any node, or valid confirmation browser.

Benefit 3: Extension feature through link chain

The GeeqChain’s foundation is designed to support link blockchain. If the very high network traffic exceeds the capacity of a chain, the chain can get a protocol in order to divide itself when necessary. After splitting, each version of GeeqChain originally accounted for a small fraction of the total transaction load. Many chains are created through splitting, which is a simple example of a link chain and able to exchange information and tokens as if they were one unit.

Enhanced security feature:

GeeqChains GeeqChains are the only blockchains that provide Strategically Provable Security (SPS) ™.

Strategically Provable Security (SPS) ™: GeeqChain offers all possible scenarios, which can be used by valid confirmation browser to threaten security.

Proof of Honesty: Each node validates transactions, builds blocks, and let users to verify. The blocks contain enough data for user to independently authenticate that the chain is “Honest” (which means, the chains consist of only valid transactions; the whole chain follows protocol). Thus, the nodes and chains are built to demonstrate “Honesty” or “Dishonesty.” All built blocks contain enough data for user to independently verify: the honest chain?

Geeqchain’s approach:, GeeqChain users choose, track and verify transactions all the time.

+ The user checks chains and selects chain to use for the transaction.

+ If all chains are not honest: Geeqchain has protocol to restore completely honest chain for using.

+ User is the referee of the transaction value.

Protocol update feature without hardfork:

Blockchain protocol is not flexible in design. Weakness: The necessary upgrades and modifications are only made through hard fork or complex management system.

+ If a GeeqChain instance is found to be faulty, outdated, or not to meet new technology or user needs, an instance of the chain may be created to replace the previous one.

+ New GeeqChain will have a genesis block with a new valid set to manage smart contracts, but there is no token.

+ Users and verifier on the previous chain can choose to switch to new chain, with update rules. If they do not switch to new chain, they can continue with the old rules.

c. Geeqchain application:

Micro-payment platform: Taking advantage of the low cost, and high transaction volume, Geeqchain plays a component of smart city role: paying for car park fee, tolls, and purchasing at the vending machine, entertainment items with online shopping, services trading

Payment platform: Geeqchain replaces the Paypal or Visa/Mastercard platforms.

Non-cash Payment: Geeqchain replaces payment by identification card with a third party (Bank) in non-cash payment system.

Encrypted asset transactions: Assets: stocks, real estate, commodities are represented by separate tokens in blockchain.

Verification of the record and IOT data: The records of public data, remote alarm and sensor, medical device operations … are publicly available, which can be tested, shared, and proven

Platform for other Blockchain Startups: Geeqchain is an alternative to the ERC20 with a cheaper, faster, and safer solution.

2. Development team

Richard Asselstine: Founder and CEO

CEO and Chairman of Waterloo, Ontario, Terepac Corporation. Inspired blockchain technology from 2014, Richard Asselstine reinterprets own passion and experiences at the Geeq Project.

Email: ric.asselstine@geeq.io

Twitter: https://twitter.com/ricasselstine

LinkedIn: https://www.linkedin.com/in/ric-asselstine-927205/

John Conley: Founder and Senior Economist

The Geeq project’s Technical counselor and Author White paper are Dr John P. Conley. John is Professor of Economics at Vanderbilt University. He has worked on projects related to cryptography, security and privacy issues for biometric identification systems, protocols for the blockchain system.

Twitter: https://twitter.com/John_P_Conley

Medium: https://medium.com/@geeqjohnconley

Website: https://jpconley.com

Stephanie So: Founder and Business Director

Senior lecturer in Economics, Human Resources and Public Finance, Vanderbilt University. Technology development specialist to study the blockchain validation mechanism; Blockchain solutions for commercial purposes and government policies.

Darryl Patterson: Chief Technology Officer (building Proof of Honesty developing team of engineers)

Chief Technology Officer at Terepac. Terepac is currently leading in supplying customers with one-port and secure solutions supported by the security of blockchain technology.

Đội ngũ chuyên gia cố vấn:

Eric Ball:

Eric Ball is a co-founder, Venture Capital partner, a venture capitalist in information technology. From 2015-16, he is the Chief Financial Officer of C3 IoT. From 2005 to 2015, he was Senior Vice President and Treasurer of Oracle Group and was recognized as one of the 100 most influential people in finance field in 2011 by Risk and Financial Management journal and CFO‘s editors.

LinkedIn: https://www.linkedin.com/in/eric-ball-ba688b3/

Gene Deszca:

Deszca is a Professor and Director of Business Administration at Wilfrid Laurier University.

LinkedIn: https://www.linkedin.com/in/gene-deszca-b57549b/

Murray Gamble:

Murray Gamble is the Chairman of C3 Company Group, a multidisciplinary engineering organization, contracting and technology application organization.

LinkedIn: https://www.linkedin.com/in/murray-gamble-39636a13/

Blaire Gateman:

Blaire Gateman is Chairman of Gateman Homes

3. Roadmap

4. Current products

Website, whitepaper, communication channels

Github: https://geeqcorp.github.io/papers/geeq_white_paper.pdf

5. Communities

Telegram: 6376 members (June 12nd, 2018)

Twitter: https://twitter.com/GeeqChain 525 followers

Facebook: https://www.facebook.com/Geeqchain

6. Token allocation, sale policy

Total token: 1,000,000,000 token

Private sale: 20,000,000 token (2%)

ICO: not published

Sale: not published

Sale price: not published

Hardcap: not published

Token release date: not published

Vesting policy: not published

Current private sale (June 08th, 2018)

Private sale information:

- 2 stages:

Stage 1: 10,000,000 token. Price: 60 cent (ie 40% bonus)

Stage 2: 10,000,000 token. Price: 80 cent (ie 20% bonus)

Mininum personal cap: 25,000 USD

7. Contact information:

Official Web: https://www.geeq.io

E-Mail: info@geeq.io

Telegram: https://t.me/GeeqChainOfficial

Github: https://geeqcorp.github.io/papers/geeq_white_paper.pdf

Twitter: https://twitter.com/GeeqChain

Facebook: https://www.facebook.com/Geeqchain/

Conclusion

Advantages:

About leaders and advisors: Geeqchain có đội ngũ phát triển và ban cố vấn có nhiều kinh nghiệm trong các lĩnh vực: tài chính, kinh tế, và quản trị doanh nghiệp. Kinh nghiệm thực tế trong công nghệ IoT và kinh tế, và nghiên cứu cơ chế Blockchain chính là tiền đề của sản phẩm Geeq. has highly experienced development team and advisory board in the field of finance, economics, and corporate governance. Practical experience in IoT technology and economics, and Blockchain mechanism study are premise for Geeq product.

About product ideas:

+ Products have good and clear ideas, which come from the fact of research, application of blockchain technology and economic mechanism.

+ The ideas aim at factors to revolutionize blockchain technology: extension features, security features, protocol update features which are not harmful for the protocol.

+ Application products diversify in payment, IoT, Blockchain platform, transaction of encrypted assets.

Community: Relative development & Medium scale, however, the community does interact with products.

Disadvantages:

+ About the product: It still has no products. Roadmap is poor..

According to the roadmap, Q 4/2018, Geeqchain published MVP. Currently, Geeqchain has not published the open source code yet.

There is quite a much Token bonus in private sale while the number of allocated tokens is not clear. Thus, the investment risk is very high.

+ Some information has been not published yet

With the little aforementioned information, our final conclusion is that the project risk is very high, at least in present, we will not invest in this project.

Reviewed by icogens.com

HYPE RISK ROI TERM ICOGENS' SCORE NOT RATE NOT RATE NOT RATE NOT RATE NOT RATE

Joining Telegram to update the latest news

* Note:The above review is for reference only. Readers should consider carefully before making an investment decision.

HYPE: index indicates the spread of the project to the community on Telegram, bitcointalk, redit, Slack, Medium, Tweeter, Steemit, Fb, Articles,...

RISK: index indicates the risk of project based on Team elements, project idea, project transparency, project roadmap, Whitepaper

ROI: Index indicates return on investment in USD

TERM: Index indicates investment period of time (Short, Medium, Long Term) for capital strategy.

ICOGENS’ SCORE: This score is based on the score of four other criteria or reflects excitement level of the ICOGENS team on this project. It is not an ROI score, but team’s interest level in project.

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Nguồn: Icogens.com