SAN DIEGO, CA, June 28, 2018 (GLOBE 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 it has laid Avant! AI engine infrastructure to handle the GRC – (Gopher Protocol Coin). As previously disclosed, Gopher’s exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency as announced on June 19, 2018 – https://www.otcmarkets.com/stock/GOPH/news/Gopher-Protocols-Exclusive-Licensor-Files-Patent-Covering-Proprietary-GRC-Blockchain-Based-Radio-Generated-Digital-Curre?id=195811
Gopher has equipped its Avant! AI engine with the infrastructure for handling its GRC. The GRC technology covered by Gopher's 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 has now laid the infrastructure within Avant! AI to securely create and secure the GRC. Gopher’s GRC is envisioned as a digital currency, created by our radio technology powered by the blockchain system. 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. Avant! AI is the system's manager to ensure secured, reliable production and handling of the GRC.
"GRC is expected to be a highly advanced mechanism with each coin needed to be fully secured with its transaction history for authenticity. Ultimately the coin has to be reliable to be used within Gopher's system as well as outside of the system. Only an advanced AI system is capable of handling a multitude of coins with their related information packets. We are in process of developing Avant! AI to be the brain of this system. We successfully laid the infrastructure for the GRC, which is only the first step. During the next months, it is our goal to enable Avant! with the capability of creating, securing and establishing the blockchain for this new type of digital currency for the benefits of potential users. Avant! is considered Gopher's "child" as we "teach" it to become more knowledgeable and intelligent, handling our technology in wide variety of domains, blockchain digital currency is a major one of them," provided Dr. Rittman, Gopher’s CTO.
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, that Gopher will be able to raise the requisite capital needed to fully develop the GRC or that Avant! will be able to manage the GRC system. 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.
Corporate Site: http://gopherprotocol.com
Press page/ press kit - http://gopherprotocol.com/?page_id=228
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.
About Guardian Pet Tracker http://www.guardianpettracker.com/
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.
GOPH disclosure: More info: SEC link /technology abstract:
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