Layers on United Crowd Platform
Introduction
Companies and projects on the blockchain network create a unique strategy or structure to handle their processes and operations. There is usually a wide range of activities on every blockchain project, and developing a framework for addressing these activities enables the platform to achieve a seamless operation and increase productivity. For United Crowd Project, it allocates the running of various operations on its platform to different layers within its framework.
There are three different layers on this network that performs peculiar actions that collectively enable the platform to function effectively, they include the settlement layer, the confidence layer, and the service layer.
Settlement Layer
This layer is important to all the activities performed on the platform. It houses all the on-chain features of the United Crowd framework. The programming of assets through smart contracts and the initialization of these assets to tokens occur on the settlement layer. This layer also helps to classify the requirements needed for every financial instrument on the platform and it divides them into the various token classes (equity, utility, etc.) based on the type of product. The basis of token price calculation also takes place on the settlement layer and it carries out this action based on a statistical pricing model, which considers certain prerequisites and conditions such as dividend payment, associated risks, market variations, and other elements that are specific to each token. This layer also delivers security protocols that aid in the provision of risk declination mechanisms, which can be influential in several models against potential failure.
Confidence Layer
Gaining legal and financial authorization and compliance remains the primary requirement for most tokenization platforms and projects in the market. The acquisition of this validation enables users to operate flexibly and it offers protection, against legal penalties, to token holders during financial transactions. The jurisdictional law often requires the collection of personal information of users, issuers, investors, and organizations, as this is part of the continuous identity protocol of most projects; the confidence layer helps to provide this. The organization of compliance policies, regulations, structure and processes definition, and data verification takes place on this layer. It helps to ensure that the classification of legally binding rules and ethical processes, and how they apply to processes and operations. The confidence layer enables users to claim ownership of tokens and control their transfers. It also activates the possibility of clients to adapt to new legal policies through two different approaches, which include a centralized form as an issuer or through decentralized governance as a stakeholder.
Service Layer
While the settlement layer oversees the on-chain activities, the service layer is responsible for all off-chain interactions. It controls the communication and data exchange with external platforms such as Dapps and Oracles. This enables interaction through the front end and only transmits read rights or delivers control features in communicative functions for all role holders. As the primary layer for off-chain interactions, the service layer operates as a robust data intelligence layer that generates a seamless interface for analysis and information.
USEFUL LINKS
Website: https://unitedcrowd.com
Telegram: https://t.me/UnitedCrowd
Twitter: https://twitter.com/UnitedCrowd_com
Facebook: https://www.facebook.com/UnitedCrowd/
LinkedIn: https://www.linkedin.com/company/UnitedCrowd
Instagram: https://www.instagram.com/UnitedCrowd_com/
YouTube: https://www.youtube.com/c/UnitedCrowd
Bitcointalk Username:Borderescape
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=2768312