The traditional banking system makes banking difficult for a lot of people, especially when trying to access funds for various reasons. The banks have policies that are supposed to guide people when applying for funds, and most times, collaterals are needed before a loan request can be granted.
There are different types of collaterals needed, while some collaterals are not accepted. Collateral with tangible value and capitalization is what is accepted by the traditional banking system, while assets with intangible values are not accepted. The non-acceptance of assets with intangible values has made it difficult for people like farmers to get access to bank funds, as the banks do not accept collaterals like livestock or farm produce.
Furthermore, even for people who get access to these funds, the centralization of the system makes transactions expensive, as there are different intermediaries, among other problems. The blockchain technology has however been used to solve these problems, the decentralization of the blockchain technology eliminates the need for intermediaries, thus making transactions cheaper, and create new markets. One blockchain based platform that has made this possible is the EdenChain platform, and the revolutionary application will solve the issues plaguing values, as regards trade and capitalization.
EdenChain is a blockchain-based platform that was created to make it possible for the capitalization and trade of intangible and tangible values. EdenChain employs the use of Smart Contracts to supervise transactions and ensure that there are no defaulters while capitalizing every value asset. These Smart Contracts combine both real and virtual digital assets economies to produce an economy that is new and programmable. There is also enhanced speed and security because of the use of the blockchain technology.
Furthermore, the transaction costs get reduced because of the elimination of intermediaries and middlemen, and allows for the sharing of profits among the users. The idea is to capitalize foreign and new assets so that new markets can be created. With the EdenChain, there will be asset tokenization in a way that these assets will get to be registered on the blockchain, and can be transacted with the use of tokens while having an automated trade system via the help of Internet of Things (IoT).
The EdenChain platform is one that employs secure interoperability, which makes it impossible for hackers and thieves to access, which also makes it possible for the interworking of Smart Contracts via external systems. Transactions are also carried out quickly regardless of the size, and this is due to the fact that EdenChain uses the Namespace to make sure the processes are seamless and performances are optimal. Users of the EdenChain platform will also enjoy reasonable fees, as costs will be dependent on the executions without paying attention to the processing structure. Hence, the costs are reduced and kept at a very reasonable level. The EdenChain platform is one that is scalable and customizable while ensuring that there is full security, privacy and control. Also, the platform boasts of both software and hardware protection, which is made possible via the use of the Intel SGX Enclave consensus algorithm which has its responsibility of providing a secure and safe condition for transactions. The Eden architecture consists of 3 layers: the bridge layer, the validation layer, and the distributed ledger, and all layers work with synergy, to ensure that the whole platform function better than is expected. The EdenChain platform will be packed with 3 major qualities. They are:
The platform will function using the EDN token, which will be the mode of exchange on the platform, and 1,000,000,000 of the EDN tokens will be created, and only 10% available for purchase.
The EdenChain project was the brainchild of James Ahn who recruited a team of professionals who are mainly skilled in the blockchain sector. They have what it takes to pull this off and make this project a huge Success in the long run. Below are images of some of the team members, Advisors and partners.
Advisory Board
Partners
Also, the Edenchain project attracted the eyes of some huge blockchain/cryptocurrencies investors. They invested into this project and EdenChain has their full support. They have foreseen the great potentials that EdenChain wields. They include:
The team members drafted a well-structured development timeline. This will assist them greatly in the completion of this great blockchain project. I got my eyes fixed on Q1 2019 when the mainnet will be launched.
We have seen the aforementioned qualities that will see EdenChain stand tall amidst all blockchain platforms. The platform is going to be developed by a team of experts that will definitely take this project to great heights by building a blockchain that will not only be secure but highly scalable and easy to use and build on.
I'm bullish on EdenChain. You should be too!
Website: http://edenchain.io/
Technical Whitepaper: https://edenchain.io/EdenChain-Technical-Paper-v3-en.pdf
Official telegram: https://t.me/edenchainio
Official facebook page: https://web.facebook.com/edenchainio?_rdc=1&_rdr
Official reddit page: https://www.reddit.com/r/edenchainio/
