Multiven: A blockchain based one stop shop for all IT needs

stazhao (61)in #bitcoin • 8 years ago

Multiven is the very first blockchain enabled decentralized platform to buy and sell all IT related equipment, hardware, software and services. It provides an opportunity to people from all over the world to connect directly where they can buy or sell, new and old, IT related accessories without involving any middleman. Before going into details, lets us discuss some background as how the technology brought us to this stage where we are standing today.

If we look at the history our lifestyle has been changing continuously with the advent of a series of inventions and innovations. Each invention has left an impact on our daily routines by bringing ease of handling our needs and requirements. As the technology is progressing, the pace of inventions has also increased tremendously. Every day a new invention or an innovative idea is being introduced. The most important invention of our modern history is undoubtedly the internet. Internet brought a revolution in connectivity, it has literally defied the geographical boundaries and has provided a seamless means of global interactions among the people of all regions and origins.

The significance of Blockchain Technology:

Internet opened a door of new venues, it changed the way of life altogether. All the new inventions are now based upon the basic concepts introduced by internet. Blockchain technology has taken the internet to a next level and is considered as the most important invention of today’s world after internet.

In order to understand the benefits of Multiven platform, we first need to look at the characteristics of blockchain technology. It will explain how Multiven platform is going to transform the face of $3 trillion IT industry.

Blockchain technology has unique features, the most important are decentralization, transparency and efficiency. Exactly these features form the core of Multiven Platform.

The decentralized nature of blockchain technology removes the need of any intermediary in a system. The intermediaries extract more value from the system than they contribute to the other stakeholders. The users can create individual smart contracts and can perform direct transactions independently. This feature helps the users on Multiven platform to interact without the need of any middleman.

The other important feature linked to blockchain technology is transparency. Multiven is a completely transparent platform, blockchain makes it impossible to hack or infiltrate the system which eliminates the possibility of system manipulation or any sort of fraudulent activity. An authentic and transparent record of ownership data is always available in the system.

The next characteristic of blockchain technology which makes Multiven platform even more desirable is the efficiency and ease of transaction. Through the development of its own crypto token Multicoin the network provides fastest and safest mode of payments. Multicoin removes the global barriers of currency exchange and eliminates all transaction fees. In traditional payment modes the hefty bank fees increase the cost of a product unnecessarily other than causing much delays in the transfer due to irritating formalities. Multicoin payments through blockchain technology will ultimately bring the fees and commissions to zero.

In brief words we can sum up that Multiven is a global peer to peer blockchain enabled marketplace that will provide an opportunity of buying and selling used or new IT products without involving any middleman.