Opening of the New Crypto Finance Era in the Light of Industry 4.0; ABLE

All of us are aware that the traditional financial system is clogged and that many people are unjustly treated by going round in a vicious cycle. Well, even if we are aware, Can we do something about it? Or can we put forward any effort or idea that will provide the solution? I think complaining so much and expecting to come to the solution without doing anything is the most important consequence of the creativeness' laziness that capitalism brings us into. People are fed up with many things. At this time, financial systems such as traditional banking have acted as a representative of economic theories that have long since lost their functioning no longer. It is now necessary to introduce a new system and people must be involved in this system. Blockchain has brought the opportunity to create many opportunities with its technology. Here it is ABLE puts itself as the closest project to hear and respond to the voice of this need.

ABLE aims to create a realistic solution through the reliable and transparent technology provided by BlockChain, for the problems of traditional banking's creation, such as lending-deposit spreads and non-transparent centralized cryptocurrency financial services. ABLE is a special solution model for crypto money that will provide crypto financial solutions through inter-personal credit matching and decentralized exchanges. The ABLE project will build a platform that will enable cryptocurrency-centered financial activities based on ABLE accounts arising from banking activities through the processing of bank accounts. Users will be able to connect directly to all other users, principally peer to peer, by submitting a proposal through the matching system for the lending interest rates. In this case, lending-deposit spreads may be prevented from behaving unjustly toward the customers. ABLE wants to use all the dimensions of decentralization in order to gain the whole favor of it. They will control the services they offer, such as decentralized stock exchanges, decentralized cryptocurrency wealth management, through smart contracts.

I think the important thing is to be able to present a real alternative to the structure of credit facilities, which give the signs that need to be the modification of stereotyped judges. In the business model based on the spread between banks' lending and deposit interests, the banks actually act as intermediaries between these two financial parties. Banks buy money from deposit owners with low-interest rates. And by selling this money to those who want to borrow money at a high-interest rate, the majority of the difference is recorded as a profit on their account. In addition, many platforms that try to provide cryptocurrency banking services in a centralized structure are building a crypto service system on high-interest rates that can't be sustained. Instead of connecting deposit owners and borrowers, they preferred a model of meeting the demands by providing deposits and credits. This is based on the centralized banking model. It isn't exactly a solution. The possibility of these platforms, which carry the same problems that centralized structures have to the crypto world, offer different banking experiences to the user in a practical way is very limited. That is why ABLE is trying to carry into effect linking model through intermediation between accounts.

ABLE wants to build an ecosystem of banking services that is completely decentralized with integrated solutions. The place where is the solution is the blockchain world. As peer to peer, bringing together those who want to invest in the lending model and those who want to borrow without intermediaries in a planar structure with the matching engine has constituted the main idea of the system ABLE wants to create. Crypto interest rates, which determined jointly by lenders and borrowers, will determine the basic interest rates of the market without the financial spreads created by the intermediaries. In this way, investors will have the chance to lend at higher interest rates, while borrowers will be able to borrow at lower interest rates. Even the chances of getting rid of the moral and software risks created by centralized structures show how important the project, which ABLE wants to create. The ABLE project based on smart contracts will make applicable financial and wealth management based on blockchain technology. It is the most important priority of the project to make available a decentralized structure within the platform to be built and to gather under a single platform roof of supply and demand.

ABLE will present to users of a crypto banking service solution that is supported by cryptocurrency as collateral for the name SALT and which allows the fiat currency to lend. SALT, which will use multiple signing technologies that allows both intermediaries and borrowers by using their signatures, will reduce middle risks with this solution. I think SALT is a more creative and useful solution than the solutions available on the market right now. SALT will be used as a temporary solution until the decentralized platform is fully activated. Using of SALT, which resembles an escrow-like wallet technology, will be the most sensible strategy, as far as functionality of the system is grown.

Traditional financial institutions serving as intermediaries provide profits in incredible volumes thanks to the model they have established between deposits and credit markets. It is a very unfair order that somebody is trying to be content with much less while others get such high profits. ABLE promises to eliminate the obstacles between investors and borrowers and build a brand new system for more fair sharing of the contingent emergent financial value. ABLE is trying to create a sustainable business model. The ABLE, which will save its users from the non-moral profit-making model in the monopoly on financial managers and the risk of personal data being stealing by centralized servers through computer hacking, will present decentralization in real terms. I guess it's up to us to follow him on this roadmap.

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ABLE Project Website: https://www.able-project.io/
ABLE Project Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
ABLE Project Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
ABLE Project Bitcointalk Bounty THREAD: https://bitcointalk.org/index.php?topic=4450204

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