As they are using BLOCKCHAIN AND SMART CONTRACT technique.What is new in that and how they differ from other.?
Basically All transactions on the App will operate on GOs smart contract. The smart contract acts as a communication layer between the platform and the blockchain. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain. This removes the need for a middleman and facilitates lower transaction costs throughout the platform. The GO platform utilizes the widely-used Ethereum blockchain. Ethereums smart contracts provide multiple language implementations that will facilitate future integration. An audit of all transactions on the platform will be kept on the blockchain each time the smart contract is executed.SO this is something new and different from the traditional techniques that are used in the present world.