UnitedCorp and TNW Announce Creation of BlockNum(TM), the First Telephone Number Blockchain Transactional SIP-based PSTNN
December 22 2017 - 10:08AM
InvestorsHub NewsWire
UnitedCorp and TNW Announce
Creation of BlockNum(TM), the First Telephone Number Blockchain
Transactional SIP-based PSTN
MIAMI, FL -- December 22, 2017 -- InvestorsHub NewsWire
-- Miami-based United American Corp (UnitedCorp), (OTC:
UAMA) and TNW announced today the creation of BlockNum, the
universal Telephone Number Blockchain Transactional Public Switched
SIP-based Telephone Network and which is currently patent
pending.
BlockNum will be a distributed and decentralized ledger technology
and is the first blockchain to be based on SIP-Protocol (Session
Initiated Protocol), which is used by the vast majority of
telecommunications companies around the world. This will allow
BlockNum to execute blockchain transactions between any two
telephone numbers regardless of their location making it instantly
scalable. For cryptocurrencies, this means that transactions can
occur simply and without the need for “cryptocurrency wallets”,
allowing anyone with a phone number to do a transaction.
BlockNum uses new SIP protocol headers (Blockchain-SIP or B-SIP) to
embed key information for a blockchain transaction and this
information is updated in real time as the transaction proceeds
through the blockchain which will consist of a sophisticated
network of decentralized independent network elements or “Nodes”.
Transaction verification and overall integrity is achieved through
Proof-of-Consensus (“PoC”) which is based on the well-established
concept of “Consensus Theorem”. PoC will allow BlockNum to execute
blockchain transactions significantly faster and without the heavy
computational and energy requirements of many traditional
blockchains which can consume significant amounts of electricity
per transaction. This makes BlockNum the first truly green
blockchain.
The BlockNum Whitepaper is available at: https://blocknum.com/wp-content/uploads/2017/12/BN_White-paper.pdf
Initially, BlockNum transactions will be facilitated exclusively
through a transport token known as the GIGA. Through the GIGA,
BlockNum will permit real-time and seamless conversion of fiat
and/or cryptocurrencies between transacting parties. BlockNum will
eventually be available for use with other blockchain applications
such as supply chain management, chain of ownership and fraud
prevention. UnitedCorp also expects to develop ancillary
applications such as the use of the token for payment of login
based wireless LTE such as iPCS, prepaid cryptocurrency transaction
cards and “UBERBanko”, a global system for deposit and withdrawals
in local fiat currency.
In addition to the inherent security of the blockchain environment,
BlockNum will have several security enhancements including PSTN
transaction verification with PIN as well as the ability for either
party to limit transactions to specific geolocations.
BlockNum will create a central registry of phone numbers where all
telecom operators will be able to register their respective phone
numbers via SIP or SS7/SIGTran
for ease of access to BlockNum. TNW will manage the North American
phone number registry through BlockNum.org which will also provide
real time blockchain transactions between ILEC, CLEC and telecom
operator’s user’s phone numbers.
UnitedCorp and TNW have significant experience in network
infrastructure and SIP-based protocol development. BlockNum Beta
version is expected to be released at the end of March 2018 and the
production release “Boolean” by the end of June 2018.
About United American Corp and TNW
Established in 1992, United American Corp is a Florida-based
development and management company focusing on telecommunications
technologies. The company currently
holds the rights to manage a portfolio of patent and proprietary
technology in telecommunications, social media and more recently in
Blockchain PSTN technology. For more information, visit:
www.unitedcorp.com
TNW is a provider of telecommunications
and cloud services. It has long history including a number of
telecommunication corporate consolidations. TNW Wireless Inc. is a
Canadian licensed wireless operator. It currently holds 25MHz
bandwidth tier-2 850 MHz spectrum licenses and is a registered
wireless carrier. It provides global communication
services through its proprietary iPCS Smartphone-over-IP cloud
spectrum technology. For more information, visit: www.tnwcorp.com
This news release contains
forward-looking statements that are subject to various risks and
uncertainties. The Company's actual results could differ materially
from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's
control. Forward-looking statements are based on the expectations
and opinions of the Company's management on the date the statements
are made, and the Company assumes no obligation to update
forward-looking statements should circumstances in management's
expectations or opinions change.
Source:
United American Corp
Contact:
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
6043985000 ext: 109
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