San Diego, CA, June 19, 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 Dr. Danny Rittman filed a patent for a blockchain-based radio generated digital currency. The application has been assigned the serial number 16/008,069, and the non-provisional filing date is June 14, 2018. Gopher is the exclusive licensee of the patent. Gopher is exclusive licensee of technology developed by Dr. Rittman.
The patent application contemplates the use of the Gopher Radio Coin or GRC. Gopher envisions GRC as a new form of digital currency. A digital currency is a medium of exchange that is generated, stored and transferred electronically. Digital currencies are not typically associated with any country's government or represented in physical forms like the coins and notes of traditional (fiat) currencies.
The GRC technology covered by the 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 intends to generate the GRC through its communication technology, which is incorporated into its devices, i.e. tracking systems and the microchip-based products (GopherInsight™). Gopher intends that each Gopher gadget that produces a signal processed by Gopher’s proprietary electronic system will, in turn, create the GRC. The GRC will then be stored in the user’s personal, private and secured Gopher account/wallet anywhere in the world.
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.
"We intend for the GRC to be based on our highly secured algorithms and our radio technology, which will create a new type of digital currency. GRC, once developed, will provide users with full proprietorship much like having a bank account in their pocket," stated Danny Rittman, Gopher's CTO. "The system will be constructed by our electronic circuitry (Hardware) that is working in conjunction with our Avant! AI engine program. The GRC will be blockchain-based and its network is a peer-to-peer type that runs on a decentralized, distributed self-clearing ledger,” continued Dr. Rittman.
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 or that Gopher will be able to raise the requisite capital needed to fully develop the GRC. 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 :
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov ). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact: Dr. Danny Rittman, CTO Gopher Protocol Inc. VM Only 888-685-7336 Media: press@gopherprotocol.com
