Firmo: Financial infrastructure for the crypto economy

azorahai77 (57)in #firmo • 6 years ago

Nobody warned us of the incredible potential of Microsoft, and very few knew at first, we could not anticipate what would be Google, or YouTube or Facebook, but what would you think if I told you that today is a revolution in computer based in the technology that brought us the bitcoin? I bet you would invest in it without hesitation, something that can be more profitable than investing in cryptocurrencies.

The blockchain technology expands to all kinds of services that previously had to be occupied by third parties and that today can be disregarded and automated.

In the Republic of Rome contracts financial contracts were very common, and today are still more used, but FIRMO offers us with its contract engine a more secure, economic and transparent within the blockchain.

Founder and CEO Dr. Omri Ross is an assistant professor at Blockchain Technology at the University of Copenhagen and has a Ph.D. in financial mathematics from the University of Cambridge.

In essence, the idea is simple. Firmo acts as a protocol layer and offers all the main platforms, exchanges and blockchain liquidity networks, such as Bancor, the ability to build automated financial contracts that are required.

"We support most of the derivatives traded in traditional markets," Ross said. "This includes options on a variety of underlying futures and exchanges in digital assets.The importance of executing such products in the blockchain is that it will offer a decentralized solution for these markets." As an example, consider a decentralized CME Group or CBOE in the block chain "

OTC derivatives constitute a fundamental market. While it has decreased slightly in recent times, it is estimated that the value is more than $ 500 billion.

So far blockchain has not given any model that can support financial derivatives. With a cryptoeconomy that supports derivatives, Firmo allows the creation of decentralized futures market contracts, cryptos swaps, cryptographic asset coverage based on OTC conditions and derivatives.

"Initially, we will support any asset that is tokenized on the Ethereum platform, which means anything that can be represented as an ERC20 token," Ross said. "This allows us to represent traditional asset classes, such as the dinolar, through the Dai Maker or other stable currencies."

With an infrastructure that allows to create derivatives and different financial instruments on crypto assets based on the signature algorithm: Firmolang, which is written in Haskell and has been verified with the Coq test assistant, confirming its high security.

"Our platform is intuitive, secure and blockchain agnostic," said Ross. "We will create compilers for a variety of blockchains and plan to extend our offerings to traditional markets, offering conventional institutions access to execute secure financial instruments in blockchain." We believe that providing secure, intuitive and agnostic chain-block infrastructure is the key to advancing in the blockchain space ".

Hot for today derivatives and other financial tools are very useful for companies, but for simple users it is very difficult to participate in the finances of a company and this is something that Firmo will change with its modern platform capable of creating different financial tools that previously they did not exist.

If you want to start a business, Firmo is for you, the amount of help you can offer and without spending money on intermediaries is enough, from now on everyone can enjoy greater financial freedom, as never before seen.