Fusion: Blockchain For Cryptocurrencies' Asset Management

in #blockchain6 years ago (edited)

I don't hold many wallets, not because I don't want to. But I cannot afford to take as many opportunities of the cryptocurrency boom (not sure if it is booming yet) as I want. Let use my friend as a case study instead, he can afford to buy into a good number of exciting and valuable ICOs out there. He is taking as much advantage as he can of the new innovation of blockchain technology. The issue for him however is the management of his 'many wallets', syncing them or making them interoperable. Not being able to keep track of his many accounts and his investments is giving my friend a lot of headaches. That issue should be over now with the introduction of the Fusion blockchain.

The vision of Fusion

The objective of fusion is simply to interconnect all the blockchain into one, fusion blockchain. Fusion is aiming to be the interoperability for all the cryptocurrencies' operations from exchange to insurance to lending to trust to investment banks to derivatives. They plan on going about that by providing inclusive API for different blockchain tokens and off-chain value and 'fused' it into one blockchain, one public chain. It would be inter-operable, using the technology called Distributed Control Right Management (DCRM), that technology enables you to put all your private keys and tokens into the fusion blockchain where (only) you can access all your tokens in one place.

Innovation

The fusion blockchain is innovative as it allows the exchange and management of various digital assets securely without a third party. It eliminates a pertinent issue of the blockchain, to ensuring cross-asset, cross-organization, cross blockchain into a public chain to give the user a fantastic experience of the blockchain. Take my friend, for example, he would be able to access, manage, transact and secure all his numerous investments in few swift actions.

Independence

Fusion blockchain is independent of any third party which makes it very secure through the Distributed Control Right Management. The DCRM ensures a strong protection of all your cryptocurrencies locked into the public blockchain, fusion blockchain.

Security

The DCRM has multiple triggering mechanisms with three triggering modes of Transaction, timing and events. With that nobody can access your full private keys and control your assets or investments. Fusion blockchain will also make use of proof of work for rewarding the miners as well as proof of stake for staking the consensus mechanism.

The Team

The team is headed by Dejun Qian who is the founder of BitSE, the creator of QTUM and Vechain and Kernel Blockchain technologies among another project. Others are Dr Jiangang Wu, Noam Cohen, Xi Luo among others.

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fusion2018


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Image from Fusion's website. You can also get more information about fusion blockchain there.

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