Long Term Promising Crypto Projects (Part - 2)

                         This article is in continuation of my previous article (Part 1). So if you haven't read the (Part 1) of this article please do so by clicking this link 👉 Part 1 . Otherwise the WTF ? thing would be popping in your mind. So let's get started, shall we? 😉

                         We all have seen that from the past few years, especially in 2017 token fundraising has been a booming trend where ICOs raised around 4 billion dollars in the year 2017 alone. In the midst of all this, the global securities market has yet to participate. Stocks, Bonds, Venture capital, equity and virtually every category of traditional finance have been untouched. In view of this, there is a great demand for a platform which can migrate traditional instruments into programmable tokens on the blockchain which are more accessible, Liquid and Secure than the traditional form of asset ownership thereby making it more efficient. This is where Polymath comes into action. Using this platform business can launch their own STO (Security Token Offering) where shareholder will replace token holders.

                         If you are not being able to grab the implications it could have let me explain it to you with an example.

Short Example:

                         For an instance, suppose that you are the owner of a real estate. Using Polymath you could launch your STO and convert your real estate into programmable tokens, that it to say you could tokenize your assets, in this case, your real estate thereby converting an illiquid asset to a highly liquid asset which people can trade on exchanges. In this way, your real estate would be trading in the form of tokens, which was previously impossible. This is not limited to real estate, it can be applied to any illiquid assets. I hope you have grasped this concept a bit.

                         Friend we all know that stock market alone is much bigger than the crypto market, so think about it, polymath will provide the stock market, real estate and all others such markets an entry door to blockchain. This would bring in trillions of dollars, and may dwarf all the ICOs combined. Polymath may do for tradional business what Ethereum did for ICOs.

                         At the time of writing this article, there are a lot of blockchains operating in the market. Each blockchain works within its own Silo. The current scenario is that Decentralized applications on one blockchain can only access digital assets on that particular blockchain. This has given rise to the problem of blockchain inter operability, where applications that need to reach multiple blockchains must depend on a centralized exchange to facilitate the access, which is vulnerable to malicious attacks. Also this process a bit laggy too as this is the same way the traditional bank works.

                         This is where Wanchain will be playing the key role. It will act as the internet of blockchains. Wanchain will give access to all world's DAPPS and digital assets like decentralized exchanges, payment and lending Dapps from a single blockchain. Also, Wanchain allows any distributed apps to access any digital assets from any blockchain in Wanchain Blockchain. Wanchain has also implemented Monero like privacy to obfuscate all transactions.

                         The three pillars of Wanchain are

• Privacy
• Cross chain
• Smart contracts
  

Be a part of our small community - Genuine Steemers

✌️ Follow, Upvote and
✍️ positive comments are welcome ❤️