Financial system is at the center of virtually everything, but it is too centralized and this creates dangerous risks and instability, and undoubtedly, holds back social progress. The centralization of the current traditional financial system has led to a lot of problems, especially the issue of trust, and the fact that the financial system is being controlled by few hands has made the system prone to various kinds of abuse of power which could lead to massive suffering if the system fails.

The advent of blockchain system has however put an end to the issue of power centralization and its associated problems. But despite this feat, the blockchain system is still ladened with the issue of usability, scalability and interoperability out of many others. This implies that; the system restricts the number of financial tools that can be built on it and also lacks the capability to interact and function with others without any access or implementation restrictions.
Nevertheless, the problem of scalability and interoperability is about to be put to an end by FUSION. Fusion is building technologies to help transition the financial system toward greater decentralization and democratization of finance. It will also ensure that financial transactions are private and secure. Indeed, this is a new era of cryptofinance.

Fusion And Its Way Of Changing The World Of Cryptofinance.

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Fusion is basically a public blockchain which provides cross-chain, cross-organization, and cross-datasource smart contracts via an inclusive cryptofinancial platform. With Fusion, there will be an evolution of new era of cryptofinance for the Internet of Values. Fusion is however, building a broad financial ecosystem on the blockchain by cooperating with financial institutions, cryptocurrency companies, third party app developers, academia, and in a broader sense, the cryptocurrency community.

Its sole aim is to merge various cryptocurrencies onto the Fusion blockchain and build a smart contract that enables its users to swap, exchange, and interact with any cryptocurrencies thereby solving the aforementioned problems.

To tackle these issues, Fusion will map multiple currencies as well as their transaction logic. An exchange between two different unrelated cryptocurrencies can be very expensive and also involves multiple and tedious steps; fusion, however, will make such an exchange simple, accurate and cheap. It will also allow the two to directly work together as it relates to finance, lending, etc.

To help understand this, the primary market that Fusion is targeting has to be put into proper consideration, and this is basically the financial markets. However, the focus here is specifically a complex financial modelling. The problem with current blockchain solutions is that they are unable to issue of multiple derivates, or tokens. So what Fusion is trying to provide is a multi token, cross chain, and a financial modelling tool. In addition to this, there will be an expansion on the current smart contract structures.

However, the Current limitations are the lack of core inclusive off-chain data, and very few triggering mechanisms which is currently limited to transactional triggers only. To help facilitate this, Fusion is adding time based, and event based triggers which their combination allows financial institutions to easily model their existing business into a blockchain solution, thereby facilitating the ease and adoption for insurance, derivatives, loans, and other corporate services, as well as using the new mechanism to create a whole new industry of financial products.
Things we don't even know will be possible yet.

In terms of security, the platform implements a proprietary piece of technology called Distributed Control Rights Management>>>DCRM which helps to distribute the control of private keys throughout the public blockchain.

This ensures that no single entity can access the complete private key, and therefore no single node can take full control of the network’s digital assets.

Benefits Of Having A Cross Chain Financial Platform

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● Interoperability
The platform will be equipped with some basic tools which would make possible, a direct interaction between two or more different blockchains, thereby, promoting interoperability.

Obviously with this in place, consumers are really going to derive great benefits as the technologies will enable user-friendly services, since Cross chain allows financial transactions of multiple or various currencies to be possible within the platform in a very secure and more efficient manner, while still maintaining the integrity of the blockchain in term of security. This helps to solve the issue of fragmentation the blockchain is already faced with.

● Highly scalable
The ability of Fusion to compute financial processes and transactions are made possible by using a Turing-complete virtual machine. However, this provides more financial opportunities across different blockchains and tokens thereby making it highly scalable.

● Accessibility
Also, since the transaction can easily be executed anywhere in the world and on any device; smart phones, laptops etc., with better security than traditional banking by creating connections among billions of unbanked individuals to the global economy, virtually everybody in the world will be enabled to generate wealth and improve their quality of life far beyond what is possible today.

In a broader sense, it will enable the implementation of virtually all financial functions, and thereby creating trust and effective and smooth cooperation.

● Inclusiveness
Not only would the operation of the fusion platform be restricted to the decentralized entity but also the centralized entity inclusive, that is, the on-chain and the off-chain assets/ traditional financial products outside the virtual world are connected. While doing this, it ensures the authenticity and anonymity between the platform and its users.

● Convenient Portfolio Management
With the use of cross chain financial platform, users are allowed to store all of their digital assets in one common wallet. This platform will provide a universal, convenient location for the storage and exchange of crypto assets , thereby, enabling users to simply carry out their cross-chain transactions as well as the exchange of tokenised assets, fiat currencies and derivatives from one convenient portfolio management platform.

● Innovative
Fusion allows the mapping of cross-chain, cross-organization, and cross-datasource into its blockchain, thereby connecting the centralized and decentralized financial systems.

● Reduction of Liquidity Risk
In the previous time, it has always been very difficult and tedious to perform trades involving cross-chain and this has scared away certain institutional market players. However, cross-chain solution will undoubtedly increase transactability, subsequently boosting liquidity and attracting more and more participants into the marketplace as a reduction in liquidity risk is observed . Eventually, this will create more crypto-assets and enhance the market growth.

● Relatively Cheap
The cost of carrying out cross-chain trades as compared to the traditional system of trading is relatively cheap or done at no cost. This brings about a boost to the system as more people will be participating.

● Intelligent
Based on the fact that the transactions which are to be carried out on Fusion will be done via smart contracts, there won't be any need of human intervention for the execution of such transactions, since there are incorporation of multiple triggering mechanisms in the Fusion protocol.

● Assurance Of Security
This is possible through the use of

Distributed Control Right Management>>>DCRM as explained in the previous section. In addition to that, the implementation of the DCRM basically involves two processes,that is, Lock-in and Lock-out. These two however, helps to maintain the integrity of one's wallets. Also, the use of consensus mechanismwill be an important part of the platform as it helps to verify any information entering the blockchain.

How Fusion Will Catalyze The Prospect Of Internet of Values

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Just like information can easily and quickly be transferred from one place to another, the vision of fusion is to create an easy and also a fast way for the exchange of value. The speed at which information moves around the world is infinitesimal, however, a single payment from one country to another is very slow, expensive and cannot be relied on.

I could clearly remember when a brother of mine who resides in the US wanted to send an amount of money to me in my home country. It took like 3-5 days to settle. In my findings, I learnt the transaction is prone to an error rate of at least 5% and an average cost of $42. >Worldwide, there are $180 trillion worth of cross-border payments made every year, with a combined cost of more than $1.7 trillion a year.

With the Internet of Value, a value transaction

such as a foreign currency payment, can happen instantly, just as how people have been sharing words, images and videos online for decades. And it’s not just money. The Internet of Value will enable the exchange of any asset that is of value to someone, including stocks, votes, frequent flyer points, securities, intellectual property, music, scientific discoveries, and more.

Fusion is particularly interested in finding ways to make a proper and an efficient use of smart contracts to enhance the adoption of cross-chain transactions. Smart Contracts on Fusion will be able to pull and render data from different data sources online, on-chain, and off-chain, and the Smart Contracts will have the capability to render different kinds of contextual logic in execution.

With all these in place, Fusion will be able to speed up or catalyze the prospect of Internet Of Value and eventually bring it to success.

Use Cases

The fusion team provides three different cases where there is possibility of using the platform;
Case 1: Risk-free Token Loan
The platform allows it's users to request for and be granted loans without any form of collateral. However, a fusion based Smart contract will manage this process.
See video below