SAN DIEGO, Calif., Nov. 22, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”) is evaluating the implementation of its intelligent financial and database management technologies for social media applications . GBT’s AI-driven credit card management systems can be an efficient candidate for use in social media and entertainment applications due to their financial advantage characteristics. The technology consists of an intelligent system to analyze and process credit cards in the most advantageous way. Transactions are monitored, tracked and secured by an artificial intelligence engine to ensure efficiency, maximum user financial benefit and future planning.
The technology will be evaluated within web and mobile applications based on GBT’s patented database management method, specifically tailored for social media applications. GBT’s patented database management methods are designed to ensure superior cybersecurity measures for the assessed mobile and web applications. The application’s financial transactions are monitored according to their characteristics, the user’s interests and credit lines. GBT plans to evaluate its patented database management system to implement a blockchain operation with the goal of creating a robust cybersecurity measure. GBT’s database sharing is designed to protect against data theft and ensure user privacy. GBT plans to evaluate the use of tokens, coins and other popular media application finance media to work in conjunction with its technology. GBT aims to evaluate its intelligent financial system as an efficient, highly secured money assistant within social and entertainment mobile and web applications, ensuring the user’s best interest with robust security.
“In today’s social media and entertainment world, financial transactions are an integral part of our daily operations. Whether it’s placing an electronic ad, purchasing digital tokens, or purchasing a work of art, we conduct entertainment-related financial transactions on a daily basis. Every second numerous credit card, bank and other monetary transactions are carried out in mobile and web applications worldwide. We decided to evaluate our intelligent financial IP and database management technologies with the aim of creating an efficient, highly secure money system specifically tailored for social media and entertainment applications. We plan to evaluate these technologies across a wide range of applications, including high-resolution graphics, gaming, and media. Our AI-driven financial transaction management system is designed to automatically assist users in their financial decisions and security by monitoring users’ accounts and selecting the best direct debit option according to the transaction characteristics at that time.
The system learns the user’s financial transaction pattern and his/her credit line characteristics and ranks them according to their financial attributes. When a transaction needs to be performed, the system selects the best card, bank account or other funds to use according to its rank to ensure the user’s best financial interests. Our patented database sharing and management system ensures a robust level of cyber security via blockchain and segmentation techniques. GBT artificial intelligence technology is said to be used to strengthen the entire system to ensure fast performance and robust security. The purpose of our assessment is to assess the implementation of our financial and database technologies to create a personal, secure financial system, specially designed for social media and entertainment, with the aim of offering the best choice of payment methods, fast and highly secure said Danny Rittman, CTO of GBT.
There is no guarantee that the company will be successful in researching, developing or implementing this system or that the patent (or any previous provisional patent) will be granted. In order to successfully implement this system, the company must raise adequate capital to support its research and, once the research has been successfully conducted, developed and regulatory approval obtained, the company would need to enter into a strategic relationship with a third party with experience therein has manufacture, sale and distribution of this product. There is no guarantee that the Company will be successful in any or all of these critical steps.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development-stage company that promotes itself as a native of the Internet of Things (IoT), Artificial Intelligence (AI) and Enabled looks at mobile technology platforms to boost IC performance. GBT has assembled a team with deep technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission is to license technology and intellectual property to synergistic hardware and software partners. After commercialization, GBT’s goal is to have a series of products including intelligent microchips, AI, encryption, blockchain, IC design, mobile security applications, database management protocols with tracking and supporting cloud software (without GPS). GBT envisions this system as creating a global mesh network using advanced nodes and high-performance new-generation IC technology. The core of the system will be its advanced microchip technology; Technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low-cost, secure, private mesh network between all enabled devices, thus providing common processing, advanced management and sharing of mobile databases while offering these advanced mobile capabilities as an alternative to traditional carrier-based to use services.
Certain statements in this press release may constitute “forward-looking statements.” Forward-looking statements represent current expectations of future events based on certain assumptions and include any statements that are not directly related to historical or current facts. Actual results could differ materially from those projected in such forward-looking statements as a result of various important factors disclosed in our filings with the Securities and Exchange Commission on its website (http://www.sec.gov). In addition to these factors, actual future performance, results and results may vary based on more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, changes in government and public policy, the Company’s ability to make money, capital on acceptable terms, if any, the successful development of the Company’s products and integration into their existing products, and the commercial acceptance of the Company’s products. The forward-looking statements contained in this press release represent the Company’s views as of the date of this press release, and such views are subject to change. Although the Company may elect to update these forward-looking statements at a later date, the Company expressly disclaims any obligation to do so. These forward-looking statements should not be construed as representing the Company’s views at any time after the date of the press release.
dr Danny Rittman, CTO