Neluns: New Generation Financial Ecosystem.

jamesndungu (61)in #neluns • 6 years ago (edited)

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The cryptocurrency industry has grown at an alarming rate and the market is now estimated to be worth $400 Billion dollars, digital financial instruments are solving problems existing in traditional financial institutions that include limited banking services that are commercialized for the benefits of the owners, lack of digital instruments, monopolization that has caused the banks to increase their interests rates, the inability to support digital currencies and the insecurity of funds and records when stored in centralized systems.

Despite the existence of financial institutions for decades there exists almost 3 billion un-banked individuals who have rejected traditional financial institutions and some have no access to traditional banking systems.

The problem can be solved using blockchain technology that promises financial autonomy and as well as low barriers to access to financial services allowing more individuals to start using financial services for their transactions which is beneficial to the home county and global economies.

( Video Source: YouTube - The Neluns - Revolutionary Financial Ecosystem )

One of the blockchain projects making use of modern technologies towards solving these problems is NELUNS, the platform plans to offer almost unlimited banking services through decentralized solution that allow peers to transact in an environment that is free from intermediaries and a cost-effective transaction process. The platform will allow users to make use of fiat and cryptocurrencies for their transactions that include peer to peer exchange, insurance services and banking services. The platform taps the global community through smart contracts that makes it easier to process transactions creating an effective process that eliminates barrier to entry for banking and financial services.

NELUNS Platform.

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Neluns is a decentralized platform that uses modern technologies towards solving traditional financial institutions through improvement in security and financial processing, the platform has tokenized its economy to allow automatic processing of smart contracts that will make the processes efficient and cost effective. Neluns platform makes use of cryptocurrencies and fiat to allow financial autonomy to the community. The community has three elements that includes a financial institution, an insurance platform and a cryptocurrency exchange. Neluns users will be able to enjoy the benefits of using fiat and cryptocurrencies on the platform in a decentralized environment that is secure and cost effective.

Benefits of working with the Neluns System.

Neluns businesses model is comprehensive and allows the use of fiat and cryptocurrencies towards financial services, users of the platform will be able to transact in a scalable environment that uses smart contracts to allow faster processing of their financial transactions.

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Neluns platform has complied to government regulations and has all the requirements and licenses to offer its financial services, this creates a stable environment for businesses. The compliance with government bodies offers its users peace of mind, the platform will also allow users to have control of their funds and be able to transact 24/7 without limitations of their funds. The platform through the use of blockchain technology will allow users to store their financial transaction in distributed ledger that is secure and immutable, this is also a very high secure network that is free from hacker's exploit.

The sorry state of the financial industry and NELUNS Solutions.

Currently we can say traditional financial institutions have failed us, traditional financial institutions have taken advantage of the monopoly of the market and commercialized its services and making it complex for efficient and effective providence of financial services. Neluns plans to resolve these issues by giving back the powers to the community through the use of cryptocurrencies that will allow peer to peer financial services and transactions in a decentralized environment to tap the unbanked and banked individuals that would like to take advantage of the solutions blockchain technology brings to the table.

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Through following the correct procedure by legal compliance NELUNS will provide standard financial services that will allow faster processing of financial transactions through smart contracts, peer to peer financial services and also allow insurance to be decentralized to increase the transparency and security of the processes by making use of distributed ledger technology.

Conclusions.

I do believe the business model of NELUNS is comprehensive and taps the major financial solutions we would like solved through blockchain technology, the adoption of cryptocurrencies needs to be compliant with legal institutions and the compliance by the platform allows the use of cryptocurrencies in our day to day lives without being scared of legal drama from government regulators.