Solving the Blockchain Problem

Since the popularization of blockchain, the technology has floundered with attempts for mass adoption due to the economic limitations experienced in attempts for large scale applications. Widely diverse supply chains, large scale industrial or consumer internet of things (IoT) products, and complex distributed business service models that are the most in need of distributed trust also require high volumes of transactions. Early platforms did not have the ability to scale to such volumes.

The Philos™ Difference

The primary intent of Philos™ is to change the alignment of the incentive structure to support the needs of business usage instead of feeding a global lottery. This is done by implementing a Synchronous Trust Consensus Model™ (STCM™) where incentive tokens are not achieved by a computationally intensive proof algorithms, but instead using a participation-based, time-release structure. The STCM™ Phyli™ incentive tokens are released to the participant for contributing virtual time applied to supporting the needs of business use cases. This change to incentivizing virtual participation “time” instead of high CPU utilization removes the need for expensive equipment and high energy usage. The STCM™ does not disillusion miners but provides a profitable democratized business model for conversion of current mining operations to support the new paradigm. Shifting to STCM™ has the potential for reduction in global energy waste of over $60 billion annually, and at the same time aligns individual participant effort directly to support companies’ growth by providing more democratized storage of ledgers. For more information download the Philos™ academic release publication.

Cost Effective and Economically Sustainable

Adoption of the Philos™ distributed ledger enables continuous growth providing a sustainable ecosystem across the CyberSphere™. Academic research has proven that the Philos™ platform is able to scale indefinitely with sublinear growth of overhead which is unmatched by any competition. Democratized storge of transactions for large scale business use cases is possible for the first time with this product. Phyli™ tokens are affordable, consistently priced, and available as a utility token to reduce challenges of speculation experienced by many early blockchains. Support for multiple programs, industries, and use cases are enabled concurrently with the Philos™ platform which was initially introduced to support for multiple state programs designed for the protection of citizens records. Philos™ is a first of a kind third generation distributed ledger designed to be sustainable and cost effective. It is widely vetted through academic publications, supported by governance non-profit organizations, companies, and in consideration for adoption by international standards organizations. For more information download the “Phyli™ Token Economics” White Paper.