Blockonomics: Bitcoin and E-commerce Reborn
Nowadays, the economy and its analysers are quite fascinated with the ongoing trends in cryptocurrency and blockchain technology. Cryptocurrency has become a darling subject of interest for the people of business and financial world as well as the common individuals. At the time of its commencement, it was not very well received by the world.But in the recent times, it succeeded in attractive a good deal of attention from global investors to small enterprises along with the technological enthusiasts. The blend of cryptocurrency and blockchain technology has the potential to change the economical dynamics to a great extent. The integration of this new technological advancement will help economy to grow further in a more transparent, reliable and efficient manner possible than ever before.The Bitcoin along with other 1400 cryptocurrencies approximately are bringing new opportunities in the world of virtual currency. In addition to this, Blockchain is offering a decentralised ecosystem which helps in a eliminating centralised authorities which further maintains a good level of transparency and security. A lot of technical masters are analysing these features carefully and came with splendid idea based startups capable of solving real world challenges. But, there is an another side of the crypto space too which restrains a lot of people to invest in this virtual market. One of the major cause of this is the price volatility of Bitcoins and other cryptocurrencies. This leads to generate doubts among masses to lose their money. Along with this, bitcoin transaction costs are quite high in comparison to PayPal as analysed by an Australian E-commerce consultant, Alex Levashov in 2017. These challenges are needed to be taken seriously in order to develop the crypto space.
The Solution
Blockonomics provides a quite innovative and creative solution of this problem. Blockonomics does this by reimagining the concept of Bitcoin and E-commerce. Blockonomics aims to create a truly decentralised ecosystem which offers permissionless Bitcoin Payment system. The platform intends to eliminate the role of middlemen in the process. It started in the form of a Wallet Watcher and is quite innovative in its approach utilizing the new opportunities in the Blockchain Technology.
Blockonomics Mission
The mission statement of Blockonomics as cited by the company reads:
Blockonomics is an industry-leading payment processing system for merchants accepting Bitcoin. Our aim is to provide our users truly decentralized, trusted and secure, completely permissionless, straight to wallet Bitcoin payment solutions. We view ourselves as strong believers of decentralization and cryptography.
The venture believes in the untapped potential of decentralization and the underlying Blockchain dynamics and aims to promote it.
Blockonomics Token Sale
Blockonomics is empowered by its own cryptocurrency named BCK token. BCK is a kind of utility token which supports BCH, LTC, and ETH and Lightning Network
integration. The customers can use BCK tokens to make cashless payments to Blockonomics powered stores. The total supply of BCK tokens is limited to 1,000,000,000 in number. The Initial Coin Offering (ICO) period started on 1st July 2018 and is scheduled to end on 15th August 2018. The number of tokens available for sale are 600,000,000.
Blockonomics Team
The team guiding the development of decentralized platform at Blockonomics is an expert one. Shiva S. is the Chief Executive Officer as well as founder of the venture.Srinivas S, Chetan B, Shawn O, Igor M, Linus L are some other notable names who are assisting the process.
Conclusion
Blockonomics is truly inspired by the idea of decentralization of the financial platforms and thus came up with this innovative project which has the potential of revolutionizing the crypto sphere. The project is in its ICO period now. If things go rightfully, then a working model could be witnessed soon.
For more details visit
Website- https://ico.blockonomics.co/
Whitepaper- https://ico.blockonomics.co/docs/Blockonomics_Whitepaper.pdf
ANN- https://bitcointalk.org/index.php?topic=4421484
Twitter- https://twitter.com/blockonomics_co
Published By- karanj
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1030341