Breaking #Blockchain News: Gopher Protocol's (OTCQB: $GOPH) Exclusive Licensor Files Patent Covering Proprietary GRC Blockchain-Based Radio Generated Digital Currency
Breaking #Blockchain News:
Gopher Protocol's (OTCQB: $GOPH) Exclusive Licensor Files Patent Covering
Proprietary GRC Blockchain-Based Radio Generated Digital Currency
San
Diego, CA - June 19, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:
GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, is
pleased to announce that Dr. Danny Rittman filed a patent for a
blockchain-based radio generated digital currency. The application has been
assigned the serial number 16/008,069, and the non-provisional filing date is
June 14, 2018. Gopher is the exclusive licensee of the patent. Gopher is
exclusive licensee of technology developed by Dr. Rittman.
The
patent application contemplates the use of the Gopher Radio Coin or GRC. Gopher
envisions GRC as a new form of digital currency. A digital currency is a medium
of exchange that is generated, stored and transferred electronically. Digital
currencies are not typically associated with any country's government or
represented in physical forms like the coins and notes of traditional (fiat)
currencies.
The
GRC technology covered by the patent envisions a new, private, secured digital
currency that is encapsulated within Gopher's system to be used by Gopher's
customers and members.
Gopher
intends to generate the GRC through its communication technology, which is
incorporated into its devices, i.e. tracking systems and the microchip-based
products (GopherInsight™). Gopher intends that each Gopher gadget that produces
a signal processed by Gopher's proprietary electronic system will, in turn,
create the GRC. The GRC will then be stored in the user's personal, private and
secured Gopher account/wallet anywhere in the world.
To
power Gopher's own blockchain, it is expected that each Gopher device will have
the capability to mine/confirm all transactions that take place with the GRC,
or communicate to dedicated mining machines each time a coin is created and a
transaction takes place.
"We
intend for the GRC to be based on our highly secured algorithms and our radio
technology, which will create a new type of digital currency. GRC, once
developed, will provide users with full proprietorship much like having a bank
account in their pocket," stated Danny Rittman, Gopher's CTO. "The
system will be constructed by our electronic circuitry (Hardware) that is
working in conjunction with our Avant! AI engine program. The GRC will be
blockchain-based and its network is a peer-to-peer type that runs on a
decentralized, distributed self-clearing ledger," continued Dr. Rittman.
No
assurance can be given that a definitive approval will be given to the proposed
patent, that Gopher will be able to fully develop the GRC, that Gopher's
products, which, in turn, will create the GRC, will be adopted and used, that
the GRC will be easily adopted or adopted at all by Gopher's customers or that
Gopher will be able to raise the requisite capital needed to fully develop the
GRC. Gopher intends to fully comply with all legal requirements associated with
the GRC and does not intend to implement the GRC in the United States unless
all regulators have approved its implementation in the United States or there
is an applicable exemption.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a
re-chargeable/replaceable battery source. Gopher intends to release
pre-production units in limited test in the near future.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Dr. Danny Rittman, CTO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc,
Gopher Protocol,
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