Review on Kvantor
KVANTOR - DECENTRALIZATION OF THE FINANCIAL MARKETPLACE
Money is an essential aspect of man's life. To this effect, man's involvement in financial activities and ventures has continuously to grow and expand as time evolves. Initially, at the onset of the very first financial setups, trades were carried out based on barter basis. This has transcended to much more complex formats which now involve huge financial institutions such as banks and other corporatives which at times might even include governmental establishments.
FINANCIAL SERVICES - AN ANTIQUITY THREAT
This current setup is largely based on a centralized format in which all or most of assets and values are controlled by a sole central focal point. This is a huge fault, as it leaves that point exposed to attack. A successful attack on the point of centralization would amount to a collapse of the entire system.
Also, we are coming to terms with several innovations both in science and technology. It is a welcome idea that these innovations have begun to seep into the financial industry, giving rise to financial technology (Fin Tech). However, the current financial industry has been a little too slow in responding to these changes. Hence, the industry stands at risk of losing relevance to some newer forms of innovations. Instead of attempting to fight the current, financial institutions could instead choose to adopt and incorporate these new technological innovatives into the services that they currently offer. This way, they retain their relevance and still find a way to satisfy their customers, but old and new.
THE KVANTOR PROJECT AND TARGET PLAYERS
The KVANTOR project is an alternative innovation that aims to boost the overall capabilities of the financial industry as a whole. It currently targets three key players thus:
Corporate Companies
Banks and other financial institutions.
Governmental establishments.
For the Companies, there is an opportunity to broker deals with respective contractors worldwide without the unnecessary interference of third party middlemen. There is a ready market for products and services where transactions can be conveniently undertaken. Companies would now have the liberty to enjoy the efficiency of the Decentralized model of financial businesses. Time limits in financial activities can be safely extended while assets and values belonging to the company and its clients are safely secured, thanks to the technological advancement of the Blockchain network.
For the Banks, they get to receive freedom from the shackles of the flawed centralized systems which they employed in the past. This would give room for decentralization to take over, thus creating an opportunity for tansparency of services. Taking leverage of the available market, banks can actively engage customers, while garnering newer ones, thus expanding their base. Thanks to the blockchain, banks can secure information belonging to clients away from unauthorized access.
For the Government, they are not left out of the foray. They get to have the opportunity to cement policies through consolidated collaborations with financial stakeholders. Regulations are better implemented through further cooperation with other regulatory bodies.
INNOVATIVE SERVICES BEING OFFERED BY THE KVANTOR PROJECT
SEAMLESS FLEXIBILITY: The KVANTOR platform is to have the capability to seamlessly offer transfers of legal tenders such as fiat between banks, both alike and not alike.
FINANCIAL SERVICES: The platform would also offer various services as that which regular banks offer. These would include transfer of money, withdrawals, deposits as well as a wide range of other banking services.
EXCHANGE SERVICES: On the KVANTOR platform, users can engage in trading activities through simple basic barter actions. Exchanges can take places between various manufacturers and producers of certain goods and services and consumers and customers of those goods and services.
KVARK TOKENOMICS
The token on the KVANTOR platform is known as the KVARK token. It is a tender that gives holders the opportunity to enjoy various services offered by the platform which would include the KVANTOR bank services and the KVANTOR node services. Owners and holders of the token are referred to as rightholders. About a hundred million tokens would be released into the system.
CONCLUSION
It is popularly said that if you can't beat them, join them. This would seem to be an advice to the current financial systems, but instead, the KVANTOR project is offering a total upgrade from a level of centralized services to one of greater sophistication which is capable of boosting the overall market value of the financial industry. KVANTOR is indeed the future of the financial industry.
Relevant Links
Website :https://kvantor.com/
Whitepaper :https://kvantor.com/docs/whitepaper_ru.pdf
Facebook :https://www.facebook.com/kvantorcom
Twitter :https://twitter.com/kvantor_com
Telegram :https://t.me/kvantorcom
Reddit :https://www.reddit.com/r/kvantor/
Bounty0x Username: Ambition
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2192942