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Introduction

Fusion is an envisaged platform that will form a bridge for connecting the various blockchain. This it will achieve by using a new unusual technology to birth something that might look like the globalization of blockchains. In the process priding itself as the blockchain of blockchains. It will find a basement for interaction among the existing blockchains

With the above exposition I dare to ask, how will change the world of cryptofinance?

Since the inception of crytocurrency in 2009 there has been a surge in the financial industry with the advent of ICOs in 2017. This has taken this sector to another level. But with this also came some sort of rigidity birthed into the system, this includes:

• Multi-token smart contract issue

  This slide around interoperability of the Internet of Values, It is quite not acceptable that tokens at the moment in the present cryptofinancial sector should be exchanged with one another using the old tradition of financial exchanges. What we expect is transfer models where exchanges of tokens are interact within a smart contract in a programmable way.

• Multi-trigger smart contract problems.

  This is about automation. The current smart contracts are not smart enough to be triggered automatically. They are only triggered by other transaction, similar to what is obtainable with the typical Ethereum smart contract, they cannot read off-chain data.

  This tends to limit crytofinance in many ways. But Fusion there is a ray of hope. Fusion will use its distributed nodes to create and control other tokens pravite key. The private key will be distributed to enable all token to be integrated in to the fusion chain, this will birth multiple smart contracts.

  With its lock-in, lock-out technology. Fusion becomes a sidechain for all blockchains creating a situation where all blockchains can integrate their token onto the fusion public chain. Fusion further controls integrated tokens using distributed threshold signatures. Fusion public chain will help make integrated tokens programmable in its multi token smart contract

  What are the benefits of having a cross chain financial platform?

  • Token holders are at the advent of enjoying borrowing and loan services without any risk through the Fusion multi-blockchain interactive platform. Fusion will give borrowers an ecosystem where loans repayment can b done automatically based on the-most- appreciated-tokens that the borrower owns. This means I can borrow in steem or steem dollar and repay in EOS token.

  • Basically, crypto investors are laden with the burden of keeping their tokens in the existing exchanges giving up the total control of their assets and accepting to bear the responsibility of any associated risks of third-party that the exchanges might encounter. Other than that, crypto holders also go through the distress of keeping records of all the separate individual wallets details and tokens that are held in the different wallets. But with the Fusion a cross-platform that supports, multi-token single wallet account system is birthed

    • For blockchain to be footed on relevance in today’s world of “Internet of Value (IoV)”, it must allow for an efficient mechanism when it comes value transfer, which fusion technological value-based innovation brings this to bear, This is core, that frames the Fusion project on stable footing.

    • This platform also aims at inventing a robust community. These communities includes technical, school, user, participants, investment, and node participant communities. It might go further to include central organizations, and data source providers fostered around Fusion. This stresses the core idea of decentralization on blockchain.

    How will Fusion help propel forward the "Internet of Values"?

    

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    • Over time blockchain is doing to business what the internet did to the media. Block chain transfers and exchanges values from peer to peer over the internet. This value could represent share of stock, money, a property deed, a digital royalty or a vote cast in an election. With the current trend today this transfer transaction is often relayed and delayed by intermediaries, validated and stored in ledger (smart contract) serving the same purpose as banks in centralized system.
    • With Fusion a new horizon is born where internet of Value projects are advanced and increased level of connectivity and inclusiveness, breaking the walls interoperability (barriers between chain) and scalability such that transfers can be transmitted from one party to the next without hindrance, delay or the interference of third party thereby birthing a truly digital and decentralized economy. Fusion will form a bridge that will foster and propagate the link of value transfer between existing and future chains

    What are some use-cases for Fusion?

    • Risk free token loan

      With fusion lending, can be done in any token with the lending contract stating the interest rates and loan duration. Right on the footing of the fusion smart contract trust is initiated. Fusion will govern, execute and create a risk free loan system for any crypto-currency.

    • Fusion can be used as a cheque checks

      Maxie wishes to buy a computer now to start a design project, but he has this 0.5btc tied up in a smart contract C1 which comes with an interest of 0.02btc due in 15days. To buy the computer from Moses, Maxie initiates a smart contract C2 with Moses.

      This smart contract authorizes the purchase of the computer and control C1 and its token flow. C2 says that if Moses gives Maxie the computer now, he will get the 0.5btc and interest of 0.02btc attached tie-up in C1 in 15days. But what if Moses wants the money now; Moses initiates a smart contract C3 with Adams.

      C3 control the token flow of C2 which in turn controls the token of C1. C3 entails that if Adams sends 0.5btc to Moses now he gets it back with an interest of 0.02btc in 15 days. Adams finds this interesting and risk free and as such giving a big to all involved.

    • (E-commerce) Merchant/Sales

      In times past seller are limited to a number of cryptocurrencies for transaction due to issues of maintaining different wallets, but with fusion e-commerce transaction can be done automatically with the use of the different crypto-currencies. With the advantage of fusion blockchain exchanges are done automatically

    • Single Wallet System Use Case

      Maxie is a crypto enthusiast who has invested in many tokens, eg steem, EOS, Bit coin ethereum, electronuem and many more. As the number of token he has invested in, increases so also, comes a larger burden of recording the details that comes with the different token wallet. And in any case of mistaken or misplaced detail, Maxie might lose the token with the misplaced details forever.

      But with fusion, an advantage is birthed to Maxie, when he signs up to the network. He leverages of the single wallet system where his entire token can be stored in one wallet system more like a single treasury account system. The process eliminate the cumbersome book-keeping process of handling the different wallet system that might lead to financial lost if any detail slides away.

    • The Case of Collaborative work or cooperation of a given project on the globe

      As an architect Maxie has been assign a job by the united nation to design and modeled a new city in Africa. But with the enormous nature of the job, Maxie cannot execute this project in Isolation.

      He signs up to Fusion and then leverages on the collaborative frame of the ecosystem to link up Moses, Samson, Sarah, Nicky and Eric (and their teams) who are all Architects from different parts of the globe.

      With this platform tokens can be transferred directly Moses to the team members to facilitate their progress with the job, eliminating the cost and delays associated with third party interference such as banks. Also preliminary designs could be transfer as well via the platform among the group of architects Fusion then give all this architects involved (and their teams) a platform to execute this project sliding on the synergy and edges of collaboration with a model of payment and benefits documented in the binding smart contract.

      How does the ability to map chains and transaction logic improve interoperability?

      
      The ability to map the various chains will foster a frame of improvement that will be birth cooperation, among the decentralized users; it will eliminate the process of intermediation by third parties. It will frame a situation where effective control can be achieved by smart contract in the process inventing trust and bringing to life the Internet of values (value sharing between blockchains this might go beyond just token transfer to more classified data sharing) into the picture.

      What are the benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users?

      
      One gets services rendered by the bank (such as Payment, Pricing, Value storage, international currency exchange. Lending service, equity, Insurance, Derivatives) with a leverage of trust hinged on the footing crytocurrency tokens and blockchains which can be cross linked on the platform of fusion.

      With fusion connectivity and collaboration between the different tokens and blockchains bank operational activities are achieved with higher level of fluidity, reduced cost, and absence of intermediaries (the banks). Trust is birthed in the system through it smart contracts.

      The smart contracts facilitate Lending service, on the edge equity and fairness, giving a source insurance frame to lender as well as all party involved the process.

        Please visit the parent post
      https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-fusion
      
       for More Information:     

      • Fusion Website
      • Fusion Summary
      • Fusion WhitePaper
      • Fusion Telegram
      • Fusion Twitter
      • Fusion Reddit
      • Fusion BitcoinTalk
      • Fusion Medium
      • Fusion Videos Page
      • Fusion Linkedin
      • Fusion Facebook
      • Fusion Github 

      
      

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