Couple of decades ago, the world of finance was strictly domiciled within the confines of traditional financial institutions such as capital banks and mortgage banks. The sector has evolved considerably notwithstanding, in recent times. Today, an average of thousands to hundreds of thousands of transact are being executed on a daily basis, electronically through use of blockchain technology.
The advent of blockchain technology is no doubt one of the greatest milestones of all times in the finance sector. Aside from the fact that it eliminates the burden of trust issues usually associated with third-parties, the technology ensures that all contracts are conducted in a smart, secured manner. Indeed, blockchain is an amazing technology with vagaries of applications.
However, there are certain shortcomings of the technology. Blockchain technology is used to generate tokens and, these tokens are peculiar to each platform in the cryptospace. Steem, BTC, COZ- there are all tokens, each generated by a blockchain technology. The dilemma here, in simpler terms is that: Steem can be exchanged for liquid cash but the same cannot readily be exchanged for BTC. And, this is the problem across board. There is an inherent divide between crosss platforms.

Fusion: a cross chain financial platform

Fusion is an organization that aims to create a new platform for cryptofinance. It has taken into consideration the huge divide between like platforms on the blockchain in the area of token exchange and intends to bridge the gap. Fusion platform will also afford developers with adequate resource and infrastructure to build Dapps that allow multi-token smart contract.

Basically, Fusion seeks to introduce a new financial system rather than improve on the existing ones. It would be incorporating traditional financial tools in its modus operandi.

The goal is to break the barrier between chain and traditional organizations. Fusion is committed to availing a platform where tokens can be traded one for the other, or both can be used together as derivatives, or even in lending capacity. This way, more users would be confident and convinced to join the cryptospace.

Another benefit of Fusion’s proposed cross chain platform compatibility feature is the fact that it assensuates the global spread and acceptance of cryptocurrencies, thereby bringing us all the closer to the so much exasperated digital era.

Furthermore, cross chain users would also be able to enjoy smooth execution of financial transacts with little stress.

Internet of Values

Internet of Values is a contemporary term used to describe the effortless ability to instantly transfer values in the same way that we do data and information on the internet.
Inevitably, the arrival of Fusion would facilitate the use of the modern day tool in such a manner that promotes it growth.

With Fusion, smart contracts are likely to reach an average of millions to tens of millions, every day. On this scale, the Internet of Values is bound to take a massive thrust, forward.

Interoperability

Today, it is hard enough to exchange a value on one chain for another and even worse, there are several. It would require exchanges and series of multi-steps which are charged at considerable fees. In the end, the end does not justify the means.

With Fusion however, value exchange would be done in a cost-effective, efficient, and effortless manner especially for the end-user, because then, the value of each token would not be limited to its environment.
The process of generating separate tokens on Fusion platform is called “crypto-asset mapping,” and each token represents an asset.
In lieu of these, financial transactions involving multiple currencies can be initiated and executed within one platform, while retaining integrity of the blockchain and each token. This feature contributes to the interoperability of Fusion.

Source: Fusion whitepaper

FUSION USE CASE: RISK-FREE CAPITAL PROJECT LOANS

Imagine an ecosystem where investors are able to directly interact with borrowers (individuals, societies, organizations), such that it enables the former to furnish the latter with loans for capital project like construction of roads and other tangible infrastructures, without the burden of a third-party like the bank. It would be nothing short of effortless, risk-free and beneficial for both parties.

Due to the elimination of the middleman, borrowers would be able to enjoy lower interest rates, and investors would be able to make more profit. Consequently, societies and organizations would thrive better. This is the promise of Fusion.

The advent of Fusion is good tiding for all- the cryptofinance world, the cryptocurrency world, in fact the cryptouniverse at large.

Indeed, it marks the beginning of a new era and I am especially glad because it would fast-track the global adoption and consequent acceptance of tokenized digital assets, as it is indeed the age that is upon us.

To learn more about fusion, check the links below:
Fusion Website
Fusion Whitepaper
Fusion Team

To participate in this contest, kindly follow @originalworks and follow this link:
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