Why does GOeureka use Ethereum blockchain? Is there any specific reason?
Actually, The blockchain provides GOeureka with the required token economics needed to eliminate high commission fees and the ability to facilitate interoperable loyalty points. GOeurekas platform also benefits from the distributed ledger technology that guarantees security and transparency across its platform.
GOeureka chose the Ethereum blockchain due to its flexible and extensible nature. The use of Ethereum smart contracts allows for the creation of autonomous agents that may be implemented throughout GOeurekas platform to automate many processes and remove various third-parties that usually result in a slower process and multiple transaction fees that lead to high costs.
While moving towards a fully decentralized platform, GOeureka will look into the adoption of key blockchain technologies such as zero knowledge proofs, off-chain computation solutions and recently introduced Ethereum technology like the Plasma and Raiden network.