It is surely not in doubt the impact which technology has had on our lives and the way we live. The technologies such as the internet, artificial intelligence, smartphones, cloud services, and big data have really impacted our lives.
Just as these technologies have impacted our lives, the blockchain technology has arrived on the technology scene to do the same. The impact of the blockchain technology would really be profound as it is bound to change the way in which we interact with each other and the world around us.
One of the ways in which the blockchain technology is going to impact our world is through the merging of the blockchain technology with the economy, that is, the economic system. This merging would result in the emergence of the Programmable Economy.
Capitalizing tangible and intangible values and assets with the blockchain technology, the Programmable Economy is a unique economic system that invariably makes it very possible for the trading on these values and assets to occur without the need or requirement for middlemen.
The development of the new Programmable Economy is to deal with the challenges and problems of the current economic system.
Some of the challenges which the Programmable Economy is designed to deal with are the impacts of middlemen in the economy which has resulted in the high cost of transactions in the economy between buyers and sellers.
Another challenge is centralization which is rampant in the current economic system which has led to monopolies in trades.
To properly tackle these challenges there is the need to leverage the blockchain technology. Good to know that this is the reason why Eden is creating its decentralized platform.
Eden Is Changing The Economic System
Eden is a decentralized Programmable Economy platform for capitalizing and trading all types of assets. The platform is based on the blockchain technology.
The platform is making it possible to capitalize all tangible and intangible assets and values through tokenization using blockchain Smart Contracts.
Advantages Of The Eden Programmable Economy Platform
The advantages to be derived from the Eden Programmable Economy platform include:
• A decentralized market where it is possible to capitalize both domestic and foreign materials is exactly what the Eden Programmable Economy platform is going to achieve such that the economic benefits will go back to the people in a move that will greatly enrich them.
• Another advantage which the platform offers is the reduction if transaction costs through the elimination of the role of middlemen in transactions.
• Eden is also providing a platform for the redistribution of wealth and elimination of monopolies.
Eden Solves The Technical Problems
One of the challenges facing the success of the Programmable Economy are the technical challenges of lack of connectivity and poor performance.
To deal with these problems, Eden is implementing Merkle Tree + Namespace to solve the performance problems.
Conclusion
Eden is using the Programmable Economy to bring the desired change to the economic system and deserves all the support to actualize its vision.
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