the current financial system

For me the present financial system is at the middle of virtually every thing.. It's centralization creates more instability, uncertainty and lot more and this cages down the social progress. The present financial system has cured in lack of trust due to the fact that it is centralized and it is been controlled by human beings it this has given room for various kinds of abuse and as a matter of fact this has led to the the system failure if I may say. As we advanced the better version (blockchain system has made a halt on the issue of centralization and any some related problems attached to it, but nevertheless it is Ladened With issue of usability and interoperability that is

'The capability of a product or system, whose interfaces are fully disclosed, to interact and function with others without any access or implementation restrictions. And that what is in for, that is to say THAT # FUSION is in for solving the problems of scalability and interoperability.

The FUSION team is developing technologies to help in the transition of the financial system/sector to be the decentralizated to ensure a secure and safe financial transactions
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CHANGING THE WORLD OF CRYPTOFINANCE

FUSION not aim to improve the old but it is in to create an amazing new system that can recreate all the functions of a traditional financial system.

Fusion a public blockchain that brings in cross-datasource smart contracts. The is a wonderful Era of cryptofinance for the Internet of values. Where you can build DAPPS ACADEMIA and lots more. This is to enable fast exchange and low cost transaction fees for cryptocurrencies. FUSION in its advanced Ness will map multiple crypto currencies why making them accurate and cheap for easy swap.

FUSION exchange however will be focusing mainly on a complex financial modelling, unlike the current blockchain solutions that are unable to provide multi tokens and financial modelling tool.... That is to say there will be an expansion in the smart contracts.

Currently some limitations are the lack of core inclusive off-chain data and so on.... To enhance this Fusion will be time based, that is to say their combination allows financial institutions to maneuver into a new blockchain solution, this will facilitate the ease and adoption for insurance loans and other corporate services.. And also enhancing the use of new mechanism to create a new industry financial products.

The platform implements a proprietary piece which is called 'DCRM' IN full # (distributed control rights management)... That will help regulate and control private keys in the public blockchain. That is to make sure that it is decentralized and no node can have full access to it.

some benefits of having a cross financial platforms

👉 #proper-management-on-the-portfolio

In cross chain financial platform, users are given the right to store their digital contents in one wallet. That is the blockchain will give room for a universal storage for crypto... You help foster cross-chain transactions done by users very simple from one convenient portfolio to another.

👉 interoperability
This amazing platform will be guided and equipped with tools that will foster interactions from two or more blockchains, so this will help enhancing interoperability... This is to give users benefits as technology will be user-friendly.. And more secured.. This is to enable issue of fragmentation being solved.

👉 Reduction of liquidity risk

Over the time is has always been cumbersome and tedious to perform trades in cross-chain and this has in one way or the other chased away certain Institutional market players, but the invention of cross-chain solution will queue in more participants into the market force because of the liquidity risk.. That is to say that the market growth will increase.

👉 ACCESSIBILITY

the platform will be very accessible since the transaction can done anywhere and any time.. With better security than the normal security traditional banking.. To make the world a better place and also help generate wealth for all.

👉 RELATIVELY CHEAP
the cross-chain trade is very cheap to be compared to the original traditional system.. And this will help bring more people

HOW FUSION WILL CATALYZE THE PROSPECT OF INTERNET VALUES

Fusion's vision is to create an easy and fast way for the exchange of value. For example why sending money to people outside the country.. It Will take much time, and it will transaction fee will cost much.

Fusion is interested in finding many more ways to pull cross-chain transactions and render data from different data sources on chain and off chain. Fusion is in to speed up the prospect of value and make it a success.

The benefits of the adoption of traditionally bank-operated financial tools

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The decentralization cross-chain users have limitless and countless number of benefits which I have discussed before. I believe that the world of finance is expected from this.

Meet
Conclusion
Having gone through the various problems of the traditional system of financing and that solution which is yet to be brought to the cryptofinancial system, it could be inferred that the centralization of the traditional system has been greatly compromised, and this might pose a lot of damages on its users.

Meet "Fusion"- A Paradigm Shift To The Financial System Of Cryptocurrencies.
acheever (50) in blockchain • 8 hours ago
Shortcomings Of The Current Financing System.
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"Lack of trust between organizations, coupled with the conflicts of concepts, different orga- nizations fall into brutal competition, years of wars and even nuclear terrorism. Second, resources have become more and more concentrated in the hands of a few people and the gap between classes is becoming increasingly clearer, which is what the book Capital inthe Twenty-First Century by French economist Thomas Piketty speaks of. Finally, there is “single point of failure”. Since a large amount of resources including power, capital, talents and data have been monopolized by a few agencies, once they have renegaded or been hacked, the consequences will be disastrous."
source

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.
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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.

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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.
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Benefits Of Having A Cross Chain Financial Platform
● 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.

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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.
● 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.

● 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.

● 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.

● Assurance Of Security
This is possible through the use of

IMG_20180610_122406_948.jpg 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.
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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

IMG_20180610_123450_935.jpgsuch 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 Case
Right from the time I started participating in various ICOs, I've always wondered why I have to rely on third parties to get Ether and also pay a certain amount of fee to get things done. However, if I was to adopt the use of FUSION blockchain, I would have found it easy and convenient to send any token of my choice to the FUSION smart contract which the startup company would be able to either convert to any cryptocurrency that was mapped, stored or deposited onto the Fusion blockchain instantly via atomic swaps.
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The Improvement Of The Ability To Map Chains and Transaction Logic On Interoperability
Interoperable chains open up a world where moving assets from one platform to another, or payment-payment and payment-delivery schemes, or accessing information from one chain inside another ; for example, "identity chains" and payment systems may be a plausible link. However, this becomes easily implementable by third parties without the requirements of any additional efforts from the operators of the base blockchain protocols. So far the notion of chain interoperability requires not one, but two or more, already existing, stable and sufficiently powerful blockchains to build off of, the idea of mapping of chains will go a long way in its improvement.
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Benefits Of The Adoption Of traditionally bank-operated financial tools in a decentralized manner between cross chain users
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Undoubtedly, bringing traditionally bank-operated financial tools to the decentralized world between cross chain users have limitless number of benefits which has been discussed in the previous sections.

It's just like modernizing the old way of financing and bulking it up with some new features. A revolutionary change in the world of finance is expected from this.
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Founder

The team is led by Dejun Quan

IMG_20180610_125618_964.jpgCEO of Fusion, and also the founder of VeChain. It also constitutes other members IMG_20180610_125654_284.jpg with technological experiences who are up to taking the Vision to the moon.
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Summary & Conclusion
Having gone through the various problems of the traditional system of financing and that solution which is yet to be brought to the cryptofinancial system, it could be inferred that the centralization of the traditional system has been greatly compromised, and this might pose a lot of damages on its users.

However, if the attempt of the Fusion team to incorporate the system into the cryptoworld using the mapping chains and transactional logic is successful, it would really go a long way in the world of crypto as it will create an easy means of exchanging various cryptocurrencies while eliminating the high fee incurred in the traditional system. Various forms of financial tools will also be adopted, and this enhance the growth and development of Internet Of Value.

FUSION believes that its innovative kind of smart contract will have applications in insurance, wealth management, banking, lending, and in other financial arears. Interestingly, Fusion has created the FUSION (FSN) token to be used to facilitate the proof of work (PoW) and Proof of Stake (PoS) processes on the platform.
All these will go a long way if it can be successfully implemented.

For More Information & Resources:
Fusion Website
Fusion Summary
Fusion WhitePaper
Fusion Telegram
Fusion Twitter
Fusion Reddit
Fusion BitcoinTalk
Fusion Mediumhttps
Fusion Videos Page
FusionLinkedin
Fusion Facebook

The know more about Fusion click here

fusion2018

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Note that:All the uncredited images used here are gotten from fusion whitepaper