INGOT COIN - Bridging Markets

mianae (49)in #blockchain • 6 years ago

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Blockchain technology among other things has been able to revolutionize and democratize the industries where the activities of middlemen have been prevalent over the years. Such industries include the traditional, forex, foreign exchange trade industry. Blockchain technology through its revolution is eliminating the dominance of the middlemen, giving the persons involved in a given trade the opportunity to transact on a peer to peer basis. This has enhanced and is still enhancing the ways in which people interact. Blockchain technology brought about seamless, secure, transparent and trustless means of transactions between peers and industries and the global world at large.
With the blockchain technology came smart contracts which enables for ease of transactions between two persons without any set back as these contracts are executed once a given parameter is met. All this has enhanced the way things were being done before and has made it much easier for life in the society today.

Albeit all these changes which have been brought about by the Blockchain technology, there are still many challenges being faced today by individuals that use the technology. We see the challenge of ease of use due to the standalone nature of the various cryptocurrency assets and the exchanges inclusive. The silos nature of the blockchain world has made many investors or traders who don’t have enough time in their pocket not to near the space. This is encountered when trying to access different platforms in order to meet up with a given transaction or the other.

There have not been an easy relationship or interaction, between the traditional financial market and the cryptocurrency market. Investors and traders within both markets, have to keep moving their funds around before they are able to transact in the two markets. This is time-consuming and also could make one lose an opportunity while moving these funds due to transaction delay or glitch in the network. Unlike the cryptocurrency market where funds transfer is swift and fast, the process of processing funds in the traditional market is slow and error-prone.

Ingot is giving all this a new phase, a new beginning by introducing the Ingot ecosystem built on the Blockchain technology with the sole purpose of linking both the cryptocurrency market to the traditional financial market and faced with the duties of providing the following services to its users to enable easy and seamless transactions. Wallet, Digital Bank, Exchange, Brokerage, ICO Accelerator, Crypto Certifier. All these features provided by the Ingot ecosystem, will facilitate a new bridge, a gateway between cryptocurrency and traditional markets and allow for easy diversification of portfolios by the users securely and efficiently.

The Ingot ecosystem, through the use of smart contract, will be able to carry out all these functions thereby giving users a memory to always remember through the removal of intermediaries’ and other external or internal interferences that has given investors cold feet and has made them reluctant about exploring the various financial markets. The Blockchain technology will also bring about transparency and openness, between everyone in the market, and also they will be able to verify what is going on all because the transactions on the blockchain are verifiable and with it being immutable, no foul play will be practiced. This will help the investors to have rest of mind and transact swiftly.

The Ingot ecosystem, through the use of Blockchain technology, will be cutting the high cost of transactions and transaction fees paid while making transactions on the traditional market. All these encompasses what is currently being seen in the current traditional market and as it is ushering in a new phase of interrelatedness and integration of multiple services all in one place.