Multiversum, the new fourth-generation blockchain technology platform has raised $2.9 million its first days of its Pre ICO. The hard cap for the Pre ICO is 60MLN$ and it will run until March 31st, 2018. A spokesperson for the company indicated that they were happy with the results so far and moreover they expected to hit the hard cap before the sale closed. Multiversum defines itself as a fourth generation blockchain. Instead of creating a single blockchain, Multiversum has created a Crypto Relational Database. This unique approach forms chains of data that are flexible to meet the needs of complex corporate and industrial environments.
“Blockchain is transformational in its technology,” says Visioner and Founder, Andrea Taini. “However, it is also limited in its application for complex corporate environments. We have taken the best of blockchain, addressed the commercial failings and generated a powerful, innovative solution with industry strength attributes.”
Multiversum offers faster and more scalable solutions. It seeks to be more competitive by generating more flexible solutions to meet corporate needs in which complex data structures need to be organized in tables (as in relational databases). At the same time, those structures need to be validated and made immutable with blockchain-based techniques such as increasing traceability and security.
The Multiversum platform applies blockchain functionality, without the legacy technical issues, to the primary management of databases, application decentralization, auditing, security, and reliability.
Multiversum can deliver complex data organization using Proof of Integrity validation (cryptographic proof of server code) in place of more time consuming and energy-hungry Proof of Work as well as replacing the slower Proof of Stake validation.
In addition, Multiversum will feature ERC-20/ERC-23 integration allowing coins and tokens from other solutions to be hosted on its chain. This integration works both ways with the Multiversum coin, MTV, able to host on other chains using notary services as an external confirmation method. Multiversum technology pushes traditional blockchain beyond its current limits, by enhancing the data layer through self-verifying and distributed structures of organized data entities, related one to another by symbolic links. It sets the foundations for a decentralized and distributed system of coherent self-verifying transactions.
Multiversum delivers a Crypto Relational Database (an advanced and organized data storage solution) which can handle not just a single data-type, but a series of data entities grouped in graphs of complex data structures related to one another.
“Relations are now first-class citizens of the blockchain and are assured by cryptographic methods,” says Taini. “Each one of them, when a state change is requested, will have its own sub-chain splitting from the original branch, that will rejoin after the operation, in order to be validated.”
Therefore Multiversum is an evolved blockchain technology, offering unique features to overcome the previously analyzed inconveniences, with a set a crypto-validation and distribution techniques fit for every environment: Administrative, Industrial, Financial and Governmental. Core to the management team and the vision of Multiversum green approach is the insignificant energy costs and next to zero environmental footprints. This has been influenced by one of Multiversum’s top advisors, Michele Orzan, who is also the founder of not-for-profit Greenwill initiative.
The Multiversum Pre ICO will run from the 1st of March until the end of the month, with the main ICO starting on April 4th.