Bullit Technology, a British-based mobile phone and consumer electronics business, has announced the rollout of its products on the Theta Network.

 

Theta has been at the forefront of the new wave blockchains and is the ideal partner for us as we gradually move from a centralised system into a decentralised one.

 

On its new system, Bullit said it is offering a public, cloud-based service which permits users to insert one or many files (of any type, size or combination) into their ‘Bullit’. This is then encrypted, recorded and ready for distribution.

 

Through this proprietary process the user retains the ability to fully track and control their content, it stated.

 

The combination of controlled distributions and conditional opening combines through the use of smart contracts to create a ‘swap’ service.

 

Bullit said the delivery could be made straight to any email address with one click or alternatively, a tiny downloadable offline ‘Bullit’ file that can be attached to any delivery platform they choose (Skype, WhatsApp etc) or even held on a memory stick.

 

Bullit files are a new file type that can contain any amount and type of content, yet remain the size of a tweet. It can only be opened by the intended receiver, upon acceptance of the sender’s terms and conditions. In addition to this, Bullit files can have a number of controls applied to them from standard expiration dates to remote termination of any distributed file.

 

The new partnership with Theta means that every interaction/transaction will be recorded on the Theta blockchain to provide a historical, immutable record of all actions in the system. 

 

Beyond this, Theta’s blockchain and streaming technologies will support the Bullit roadmap of future deliveries over the next few months as it transforms the current file transfer service into a digital assets swap service. The plan to create creative smart contracts and NFT’s around private storage, file delivery and streaming is obvious when looking at the strengths of the Theta blockchain.

 

Ultimately, this means users can enforce a pay-to-open policy for delivery of digital goods and services. This is executed using a combination of features usually found in the defi world however we are bringing these directly to user in a simple, clean transactional interface.-TradeArabia News Service