FUSION: The Future Of Cryptofinance.
FUSION is a new cryptofinance platform which seek to use blockchain technology to its own advantage by promoting the era of technology the world is in. With the introduction of blockchain technology which now serve as a "thrust machine" for individuals ,thrust which has been absent for a long time and limited the business connectivity among people since money is what the whole deal is about, it's hard to deal with some stranger with total thrust but FUSION has come to change the world of finance by enhancing thrust and increasing the interrelationship among business partners as well as cooperations. Blockchain can also function with little or no human interference through programming. Though blockchain has its own short comings, FUSIONisn't here to point them out but to capitalise on them by creating a new system that can perform the functions of blockchain but more effectiveky as a new era is just around the corner, "THE INTERNET OF VALUE"
A crosschain functional platform is used to carry out transactions and access different blockchain which is one thing the sector doesn't have yet!. For example ,easy exchange on the chain platform ,expansion of the array of networks that can be connected under the blockchain thereby forwarding the dream of FUSION .Benefits of cross chain includes;
Reduction in liquidity risk
overcoming fragmentation
Convenient portfolio management
Reliability of the sector
The internet of values has various advantages over the previous sector like making "cooperation among people to be decentralized ,disimtermediated ,inclusive and programmable". These advantage will serve as a driving force for many of value to move and operate on blockchains, this will make the IOV grow unchallenged!. The IOV being the excrete of Internet of information but still the have their difference though many similarities. IOV makes use of the peer-to-peer networks using the user datagram which is why the IOV has some shortcomings such as :interoperability, scalability and usability. The penetration of cryptofinance is still limited in many areas as large areas are yet to adopt the system .
For FUSIONto operate at the highest scale , these shortcomings needs to be eradicated and solution provided .
Intereoparabiliy : This is the capability of the system to interact and fiction with others. FUSION wants to create a platform where tokens can be mapped together under the FUSION public chain by putting their private keys under the control of FUSION distributed nodes and by doing this, all tokens can then interact and function under the same blockchain.
scalability: To make available a point of interconnection for off-chain assets and data by centralizing them to resize the range at which communication is reached and information is disseminated .
usability: Distributed nodes are not being used to their full capacity ,FUSIONneeds to make amends and ensure the utmost use of distribution nodes to facilitate better interface .
Other problems are highligted below
PROPELLING FORWARD, THE INTERNET OF VALUE
FUSION is built on a blockchain cryptofinace, therefore wants to achieve interoperability to ensure smooth interaction through 'smart contract". By conjuring the downsides of scalability ,usability and interoperability, FUSION wants to provide a platform for cryptofinace that is widely accessible and easily accessible and ensure interrelationship and strengthen the thrust among users thereby leading to a new era of IOV.
Mapping chains and transaction logic to improve interoperability :
In carrying out business prospects between organization and chains, some cost are acquired along the process leading to higher cost of operation as well as "inefficiency " for the end-users. The coming of FUSIONwants to come in between organization and chains so as to put an end to the high cost of operation and to increase efficiency in the cryptofinace world .FUSION wants to create a platform that allows interrelationship among users since finance, lending is involved as thrust is the most important factor here. Not just eliminate the high cost but to also enhance thrust issues through direct association ,this will then increase the amount of value that can be retained and used by the end-users of cryptofinace.
THE DISTRIBUTED CONTROL RIGHTS MANAGEMENT (DCRM):
"A process that hands over the control of digital assets by individuals or centralized organizations to the decentralized nodes' management". Private keys are being issued to users and FUSION has access to the whole private keys which means no central node can take overall control of the assets as this will drive them back to the centralized system.
In order to enable the mapping of crosschain cryptofinace, FUSION wants to make use of DCRM to control these private keys. When tokens are mapped ,each tokens can enjoy interaction with other asests mapped , know as " cryptoassest mapping"
To monitor the control distributed , the system used unknown as "crypto-lock in and lock-out.
The former "enables distributed control rights management and assets mapping for all key-managed tokens "
While the later is just the opposite of the former, which seeks to reverse the assembled process and to apportion the right to control.
USE CASE:
Using the second video as an example " the risk free contract market "
It showcase how FUSION based smart contract can be used similarly with bank cheques with the highly secured smart contract codes which makes it risk free!.
An illustration was made using the C1,C2and C3. Which shows how cryptofinace can be achieved at the utmost efficiency and everybody wins!. Isn't that great!? ,watch the video that detailed how the system is carried out between individuals .
FUSION USE CASE 2: the risk free contract market
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To know about the fusion team, click here
Dejan Quin is the CEO and founder of FUSION
For more information about the FUSION organization, check here
FUSION WHITEPAPER
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