STREAMITY: REVOLUTIONALIZING THE CRYPTO FINANCIAL SYSTEMS

in #crypto6 years ago (edited)

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INTRODUCTION

As the world matches towards global technological advancements, every aspect of human existence always is propelled to follow suit. It can now be said that we are officially in the digital ERA where everything is and can be controlled digitally. Form Education to infrastructure, from manufacturing to production. From health to science research. It covers every sphere of life.
The Digital economy is no exception to this advancements we speak of. The changes in this sector is not abstract its not something we imagine rather it is our imagination turned realities. Things we never thought were humanly possible have become apart of our everyday existence. This includes the birth of the online market place e-commerce which is the trading of goods and services online. Businesses no longer depends on physical contact or transactions rather with just a mobile phone or any internet enabled device transactions could be done anywhere in the world. As such the growth in the Digital economy has propelled an increase in online sale of product of services. Crytocurrency have taken the forefront in solving the issues of payment and meeting the ever increasing need in the digital economy.

STREAMITY

STREAMITY is a platform designed to improve and maintain continuity in the digital economy by continually growing with its users. This platform operates using smart contracts. It focuses on increasing the range of crypto exchange with its wide range of services. Streamity aims at ensuring that users are carried along with the growth in the crytocurrency market by introducing services that are user focused and friendly.

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# STREAMDESK Streamdesk is the main component of the Streamity project, it is like the proverbial "catalyst of STREAMITY". > Streamdesk ensures exchange kf crytocurrencies for fiat currencies using smart contracts.

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It is a platform that ensures the security of both buyers and sellers from Scam by adopting and initiating smart contracts to escrow transactions.
This also cannot be solely achieved alone which has prompted streamity to partner with CIVIC, EOS and NEM to increase its capability in processing exchange services.
Streamdesk creates an escrow system that is powered by smart contracts that help remove risks associated with person to person transactions. Streamdesk by adopting the smart contracts also helps improve cryto exchange transactions. So users who wants to purchase crypto currencies just need to enter a smart contracts with buyers.

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I'll give myself as a typical example for better understanding. Today i wanted to sell Steem dollar in exchange for cash. I had to go to an exchange platform and indicate the currency i wanted to sell, a buyer came through with a price that was great to me and i decided to sell now in other to be on the safe side i didn't send directly to the buyer because by so doing i am taking a risk that is not advisable. Instead of me sending through a third party escrow all i just need to do is to send using Streamity Smart contract which triggers on both ends the buyer receives his currency and i receive my payment at the same time.
Its a safe, secure and trust-worthy system.
Existing crypto currency exchange platforms runs the risk of hack. This puts users at risks of loosing millions of dollars because of the vulnerability of an exchange system. Using P2P (peer-2-peer) services reduces the risks involved in making these exchange. The streamity platform also helps bring users together by matching sellers and buyers to perform the exchange needed. Its entails less commission and much more lesser risks.
Streamity also introduces a token system which is the key purchasing power of streamity, transactions would be carried out using this tokens (STM) which can be purchased on the streamity platform.
Transacting using FIAT in crytocurrency can be taskfull and difficult, users will have to transact using a centralized platform which doesnt look out for the safety and security of its users transactions. So users stand a huge risk of loosing money due to insecure exchange transactions.

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Conclusion

Streamity is a financial platform that encourages liberty and user freedom in the sense that users now have the freedom to manage, sell and buy currencies without third party interference. They have the interest of users at heart and aims at growing the crytocurrency community security. By implementing the steamdesk transactions are fair, transparent and secure. This will help encourage the adoption of crytocurrency worldwide.

This is my submission to the streamity hosted writing contest by @originalworks
https://steemit.com/crypto/@originalworks/605-steem-60-bonuses-sponsored-writing-contest-streamity

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