Exohood Labs launches Exohood Blockchain revolutionizing services for businesses

London, 16 February 2024 – Exohood Labs announces the introduction of Exohood Blockchain, a groundbreaking platform set to redefine blockchain services for businesses. This innovative initiative utilizes blockchain technology to provide unparalleled services in smart contract development and blockchain integration for enterprises.

Foundation of Trust and Innovation

Exohood Blockchain is built on the immutable, transparent and open-source nature of blockchain technology, making it a cornerstone of our research endeavours. This technology ensures data integrity, fostering an environment of trust and openness essential for business operations and collaboration.

Integration with Exania for Enhanced Data Management

Central to Exohood Blockchain is the integration with Exania, our advanced artificial intelligence system. This integration enables efficient data management and processing, crucial for the diverse research areas and applications we support, from astronomy and space exploration to healthcare and sustainable food solutions.

Research Areas and Applications

Exohood Blockchain and Exania jointly offer a secure and efficient framework for a variety of fields:

• Astronomy and Space Exploration: Secure data sharing and collaborative analysis.
• Quantum Research: Handling sensitive data with enhanced security.
• Artificial Intelligence: Ensuring integrity and traceability in AI models and datasets.
• Healthcare: Secure management and sharing of medical research.
• Sustainable Food and Climate Change: Managing complex environmental datasets.
• Internet and Satellite Technology: Developing more secure communication systems.

A Leap Forward with the EXO Token

The debut of the EXO Token marks a significant milestone in the evolution of the Exohood ecosystem. Unlike traditional digital assets, the EXO Token is designed as an essential software component of a decentralized system, facilitating autonomous operations and enhancing the platform’s core functionalities without direct human oversight.

Governance Empowerment through EXO

At the heart of the EXO Token’s utility is enabling comprehensive governance over the Exohood core, allowing token holders to engage in decision-making processes. This governance model empowers community ownership and active stewardship, enabling decisions on platform fees, auction dynamics, and core system updates within a decentralized framework.

Consensus, Validator Operations, and Network Expansion

The EXO Token is pivotal in the consensus mechanism critical to the operational integrity of Exohood, with stakeholders staking EXO Tokens to maintain network security and deter malicious activities. Furthermore, the token facilitates the network’s expansion through “bonding”, allowing for the secure and efficient integration of new chains into the ecosystem.

EXO Token Use Cases and Supply Dynamics

The EXO Token enables community-driven governance, incentivizes liquidity provision, and supports multichain transactions across various networks. Despite its unlimited supply, the total outstanding supply of EXO is regulated through staking by validators, nominators, and the bonding process for new chain integrations, ensuring a dynamic and responsive liquidity ecosystem.

About Exohood Labs

With over 30 years of experience, Exohood Labs has been instrumental in driving innovation across a spectrum of industries. Our global team, based in Palo Alto, London, Hong Kong, and Tokyo, is dedicated to tackling global challenges through cross-disciplinary collaboration. Our expertise in AI, quantum computing, blockchain, and more aims to pioneer new industries and create lasting benefits for society.