### What is GEEQ?

GEEQ is a multi-blockchain platform that utilises the Proof of Honesty (PoH) consensus mechanism. It aims to be secure, scalable, and flexible, facilitating a wide range of applications, including smart contracts and peer-to-peer transactions. GEEQ is distinguished by its focus on scalability, security, low transaction costs, and environmental sustainability.

### How does GEEQ work?

GEEQ operates on a decentralised multi-chain architecture that allows for the creation of independent but interoperable blockchains. The core consensus mechanism, Proof of Honesty (PoH), is designed to ensure 99% Byzantine Fault Tolerance, securing the network's integrity by requiring validators to be honest and accountable. This mechanism is not dependent on the behaviour of a centralised validator network, offering a secure environment without requiring an honest majority.

### What are the potential use cases for GEEQ?

GEEQ supports a broad spectrum of use cases including:

- **Digital Payments**: Facilitating secure and low-cost transactions.
- **Supply Chain Management**: Offering transparency and automation for supply chain operations.
- **Smart Manufacturing**: Ensuring compliance and data integrity in manufacturing processes.
- **Data Integrity**: Securing data storage and ensuring authenticity.
- **Micropayments**: Providing low-cost solutions ideal for IoT transactions.
- **Remittances**: Enabling secure and cost-efficient international money transfers.

### What is the history of GEEQ?

GEEQ was founded in 2017 by John P. Conley and Ric Asselstine. It arose from their dissatisfaction with the security and decentralisation of existing blockchain solutions. The research direction was established in 2018, with a focus on creating a truly decentralised and secure platform. Significant milestones include the filing and granting of a patent for its technology, culminating in October 2022. Over time, GEEQ has evolved through innovations like its multi-chain architecture and PoH consensus mechanism, and it has formed strategic partnerships to bolster its blockchain capabilities and applications.

GEEQ

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