Global Network Encryption Investment Security Service (GNEISS) officially launched the Alpha version of its app for public testing. Built on the Ethereum Blockchain, GNEISS is a new exchange platform that enables users to create, transact, and destroy any crypto-asset or smart contract in a personal “E-Vault”. Because it’s built on Blockchain technology, GNEISS is capable of replacing a considerable amount of the transaction functionality that previously required a trusted third party such as a bank. GNEISS also promises to simplify the process of creating crypto-assets that can be bought and sold using smart contracts.
Each GNEISS user who registers for the app via the official website will have secure access to a private E-Vault. Although some personal information is required by law to uphold any smart contracts made, the GNEISS app development team has taken steps to provide additional security measures that protect the privacy of its users. Users will have the ability to create, send, and trade their own crypto-asset with the built in smart contracts of Privacy, Mint/Burn, Transaction and Interest Tax. Users will be able to trade a number of fiat currencies including: the U.S. Dollar (USDT), the Euro (EURT), Chinese Yuan (CNYT), Great Britain Pound (GBPT), Canadian Dollar (CADT), and the Australian Dollar (AUDT).
“This launch gives people the ability to create their own crypto-tokens and smart contracts,” founder Michael Morton stated. “We have had six fiat currency pairs tethered for weeks which means users can start trading the world’s most-traded forex pairs on the GNEISS platform.”
The GNEISS team is currently in the process of developing additional functionality, such as the ability to use secure smart contracts to deal in derivatives, buy and sell insurance, and take out loans. A decentralized mobile app is set for completion by the end of 2017 and the team expects that the Beta version of its app will be completed in Q3 2017. The full launch of the platform will happen in early 2018. All appropriate paperwork has been filed to list GNEISS on Poloniex and the team expects that the listing will be completed within the next several weeks.
Morton is adamant that GNEISS has the power to transform investing in the ‘trustless economy’. “GNEISS will revolutionize financial transactions between people as much as the Internet changed the transmission of data,” he says. “It will bring into existence an open, free, and accessible market powered by blockchain technology which will put the power of Wall Street into people’s hands – where it should be.”
GNEISS aims to be the first peer-to-peer blockchain platform that allows the creation of any financial contract middleman-free by leveraging the power of blockchain technology. GNEISS will be able to do everything financial marketplaces can do – only better, cheaper, faster, peer-to-peer, and more efficiently. For more information, please visit GNEISS.io.