The growth of cryptocurrency is eminent in the field of financing and banking, but there are still many problems that are faced even at this developed stage. One such problem is that the exiting crypto-banks provide loans separately from a source rather than linking depositors and borrowers together. The other problems of the system includes that they are not able to provide high-interest rates on deposits sustainably. These services are also unable to eliminate threats of risks as the complete system is centralized. To eradicate the above problems ABLE Project has created a decentralized system based on blockchain technology with features of wealth and financial management.
The aim of ABLE Project
This project will link the demand and supply of loan and other financing services through an account of peer-to-peer basis. The motto of the company is to create a decentralized exchange system and then evolve it into the smart contract. These will be managing the wealth and finance services of the product. ABLE Project will develop a platform, which will help cryptocurrency users to lend the loan to other users using the system.
Users will be able to request loans on the platform that will be matched using the smart contracts and people with the ability to provide loans will be informed. The future plan of the company is to integrate the platform with external systems and also to providesimpler payment options.
ABLE Project ecosystem
The ecosystem of the company will include all the ABLE accounts and will support the third parties who will be providing with wealth, management and micropayment services. They will also add the DEX or decentralized exchange feature which will store the smart contracts which will be based on different types of cryptocurrencies. This ecosystem will distribute the wealth based on the framework. This framework will help developers to create the financial products. This platform will also help in communication with clients and outside partners, micropayments with the help of API development.
Architectural options
The platform itself consists of many key elements. They include:
• App- because of it, the user will work with the project much from any a part of the world (if there's an online connection). This straightforward application helps to simply manage advanced monetary transactions. It can even be put in on a private laptop.
• Structure- The sensible contracts accounts for the managing of deposits, divisions, loans. It’s additionally attainable to understand a truthful distribution of profits thanks to them.
• API- because of progressive technological innovations, it's attainable to method personal information of users and to enhance the work of the platform as an entire.
The ABLE Project will create a flow where financial services will be linked to cryptocurrencies where depositing the money in real life and making the investment will become easier. This will also anticipate the fourth generation revolution which will give rise to a decentralized system of financial services. The company is aiming to integrate all the banking and financial services that are dispersed in the Blockchain technology. This will also grow the value of the company and create a hassle-free and problem free environment for the users. Not only this, the company is planning to create an integrated service which will also add various other solutions to the existing problems
Official links for more details,
Website Url : https://www.able-project.io
ANN Thread Url : https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Whitepaper Url : https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Facebook Url : https://www.facebook.com/ablecoinproject
Telegram Url : https://t.me/ABLE_Project_EN
Twitter Url : https://www.facebook.com/ablecoinproject
My Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1434888
