Buy FOAM

What is FOAM?

FOAM is a decentralised platform built on the Ethereum blockchain aimed at creating a secure and verifiable system for location-based services. It focuses on enhancing trust and reducing vulnerabilities in geospatial data management by introducing a consensus-driven approach to mapping the world.

How does FOAM work?

FOAM operates using a "Proof of Location" consensus mechanism, which is designed to provide a trustworthy method of verifying and managing location data. This involves a geospatial consensus protocol and the use of crypto-spatial coordinates to ensure accurate data verification. The platform also employs smart contracts to manage staking and safety deposits, and incentivises participation through spatially weighted mining rewards.

What are the potential use cases for FOAM?

FOAM has a broad range of potential applications, including:

• Mobility and Transportation: Tracking and fraud prevention for mobility services and autonomous vehicles.
• Geospatial Data Verification: Verification within decentralised data markets.
• Gaming and Entertainment: Applications that require secure, real-world location data.
• Supply Chain Transparency: Enhancing transparency and efficiency in supply chain management.
• IoT and Smart Cities: Secure location verification for IoT applications.
• Location Intelligence: Providing trusted data for industries like real estate.

What is the history of FOAM?

FOAM was established with the publication of its whitepaper on May 1, 2018, outlining its vision for a decentralised geospatial data protocol. The project has developed over time to integrate various spatial protocols and standards that enhance geospatial data management on blockchains, solidifying its presence within the realm of crypto-based geospatial services.