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Topic: Blockchain Technology: To Democratize Traditional System. - page 2. (Read 246 times)

newbie
Activity: 113
Merit: 0
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.

Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:

Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...

All of these are aimed to make our world better.

$PAL, provides flight delay insurance (https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.

Trade.io
What takes my interest in TradeToken ($TIO). Looking from their website, they had a successful  ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.

Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.

What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.

Let’s take the Accounts Receivable and Accounts Payable process for example. If we think about the current systems in place, there are many laborious steps to this process that involve manual data entry and exchanging of paper documents between companies (think receipts of Purchase Orders, Invoices, and the data entry of these items).  Then, the auditors come in and attempt to confirm accounts receivable directly with the customers, which causes additional time, paperwork and back and forth between the two companies and the auditor.  This is an area that is waiting to be automated and blockchain technology could be a great fit.
newbie
Activity: 113
Merit: 0
A new technology is redefining the way we transact. If that sounds incredibly far-reaching, that's because it is. This technology is the one and only BLOCKCHAIN TECHNOLOGY.

Blockchain has the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables.

It combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust.
newbie
Activity: 84
Merit: 0
This is indeed a good write up on blockchain technology for any newbie to crypto as me. I have got to know so many new things and terms form this. Thanks for sharing. Hope will have more informative stuff like this.

Thank you
newbie
Activity: 84
Merit: 0
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.

Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:

Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...

All of these are aimed to make our world better.

$PAL, provides flight delay insurance (https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.

Trade.io
What takes my interest in TradeToken ($TIO). Looking from their website, they had a successful  ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.

Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.

What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.

https://i.imgur.com/KjQA0uZ.jpg
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