It’s about time that we put our money and faith in a mathematical framework that is free of politics and human error, yes, we are here to discuss about the recent phenomenon “Blockchain”. Blockchain sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.
To understand the term blockchain better let’s take an example of a Google Doc in which we create a document and share it with a group of people, the document is distributed instead of copied or transferred. This creates a decentralized distribution chain that gives everyone access to the document at the same time. No one is locked out awaiting changes from another party, while all modifications to the doc are being recorded in real-time, making changes completely transparent.
In the world where everyone has an eye for your money blockchain is an especially promising and revolutionary technology since it helps reduce risk, stamps out fraud and brings transparency in a scalable way for myriad uses.
“Whereas most technologies tend to automate workers on the periphery doing menial tasks, Block chains automate away the center. Instead of putting the taxi driver out of a job, Blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.”
The most prominent player in the blockchain industry is “Quantocoin” with its cutting edge blockchain technology; Their target is to serve around 2 Billion underbanked people around the globe.
Quantocoin (QTCt), The currency of the new generation offers various functions such as to buy, pay and to sell services and items online. Additionally, this grants access to exchange with FIAT currency, and allow investments. It can also be used for international transfers (remittances) along with lending (microfinance), loyalty programs, etc. All these services are connected to the one point; the QTC platform, making them more secure and transparent than the currently existing cryptocurrency platforms.
The renowned blockchain organizations like Quantocoin plans to develop the future of the crypto-financial world. The primary goal is to integrate and connect QTCt into the traditional financial world and to create a single gateway through their platform for users, traders, investors and financial institutions with a whole range of add-on services.
It has been revealed that Quantocoin have developed a new financial project which is based on Blockchain technology, use of mobile technology and bio-identification systems and with aims to release QTCt as a new type of digital token to the expanding digital world as it is fast, efficient, reliable and completely secure. It aims to invent a fusion of Blockchain technology and traditional currency to revolutionize the financial sector while exploring its full potentials thoroughly as throughout the years it has been proven that it will provide the appropriate advantages that Blockchain works and can bring added value.
Quantocoin also plans to change the way traditional banking works and extent their services to every corner of the world, especially to less developed and unbanked regions and aim to provide extreme speed, reliability, and efficiency at a low-cost to let those that have no access to bank services use the QTCt platform alongside a mobile application to help make their lives more comfortable and to contribute to the expansion of the digital banking.
With that said, we believe that Quantocoin can help bring people out of poverty by giving them access to banking and investment tools that can provide liquidity for entrepreneurial ventures. This can be done via microfinancing, investment, online and social trading to create new opportunities in the world.