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THE DAWN OF CRYPTOFINANCE >> FUSION

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WHAT IS FUSION?

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FUSION is a public blockchain creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization and cross-datasource smart contracts. FUSION is opening a new era of cryptofinance for the Internet of Values. By cooperating with financial institutions, cryptocurrency companies, 3rd party app developers, academia and the broader cryptocurrency community, FUSION is building a broad finance ecosystem on the blockchain..

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SO WHAT DO I MEAN BY CRYPTOFINANCE

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CRYPTOFINANCE is a modern technology with the potential to bring financial services to two billion people who lack access to the most basic ones because of cost and distance. Mobile money has connected more people to financial services in the last decade, than legacy banks in the last 100 years. New crypto-finance technology could have a major impact on humanity and increase life quality through lower fees, mobility, and deep service penetration.

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Recently crypto-finance blockchain technology got recognition from major players in the financial industry. The analysis shows that crypto-finance could allow conventional banks save up to $80 billion a year on remittances and settlements. Regular banks will loose some revenue, but will gain huge bonus in saving on costs and could still act as regulatory institutions to identify and serve customers.

BENEFITS OF (FUSION) A CROSS CHAIN FINANCIAL PLATFORM

High core Intelligence

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The FUSION Protocol makes “smart” contracts truly smart through the development of multiple triggering mechanisms in the calling list, an interoperability solution and functional scalability, providing the architecture for complex financial smart contracts on the blockchain.

Innovation

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Cross-chain, cross-organization and cross-datasource inputs can be mapped onto FUSION, achieving interoperability never seen before on the blockchain. Combined with complex and nuanced smart contract functionality, FUSION is creating a completely new world of cryptofinance, opening up possibilities that have never been imagined.

These are the following innovative and revolutionary features will be available on the FUSION Blockchain when the Mainnet is released:

• Risk free Lock-in Lock-out Mechanism: A 'Lock-in Lock-out'mechanism which enables the ability to lock-in crypto assets from other blockchains onto the FUSION blockchain. Four token types will be supported on FUSION's first version - BTC, ETH, ERC20 and USDT - with a plan to expand to accept all digital assets controlled by private key in the near future.

• Risk free Token ‘Time Lock’: A token 'Time Lock' which adds time as a third dimension of value, in addition to the type of token and the amount of tokens.

• Short address notation: A short address notation which simplifies token addresses, reducing account string length.

• Risk free Cross-chain capability: Cross-chain smart contract functionality, enabling smart contracts that include different tokens at the same time (e.g. a smart contract that includes USD Tether, BTC and ETH).

• New token issue: FUSION supports new tokens.

• Risk free Token swap: Support for token swaps on the FUSION platform, enabling easy swapping of FSN ERC20 tokens to native FSN tokens on the FUSION blockchain without the need for third party exchanges.

Inclusiveness

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The FUSION Protocol provides APIs to enable different cryptocurrency tokens, off-chain values and data-sources to be mapped onto the FUSION blockchain. Any centralized or decentralized organization, blockchain community, Dapp developer or individual is welcome to build a new world of cryptofinance on the FUSION blockchain.

Interoperability

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FUSION solves the interoperability limitations within the cryptocurrency world. Multiple tokens can be mapped onto the FUSION blockchain, enabling the separation of ownership, usufruct and multi-token smart contracts.

Independence

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The FUSION public blockchain is absolutely independent from third party interference

PROSPECT OF THE INTERNET OF VALUES

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The great advantage of blockchain is that it helps resolve the issue of trust inherent in humankind, making the blockchain a technology of upgrading the level of human civilization. Its development is irresistible in the impulse of human choice to save transactional costs. Since, unlike the original Internet of Information (IoI), each blockchain can achieve the peer-to-peer value transfer, the blockchain technology actually brings us from the age of IoI to the age of the Internet of Values (IoV), which can be regarded as the second generation of Internet.
Digitization and intelligence, which can bring efficiency to the Internet of Values are features that the Internet of Information already has, but are now being applied to the Internet of Values. A more essential characteristic is decentralization, which will help to completely solve the bottleneck brought about by centralized organizations. The Internet of Values is also more inclusive: by private key, people can better protect their personal property rights; through consensus mechanism, they can better resolve disputes; with peer-to-peer networks, they can participate cooperation in division of labor in much lower barriers.

"We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness," said Dejun Qian, "However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. FUSION aims to remove these barriers, ushering in an age of a true digital economy."

TYPICAL EXAMPLE

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Let us take a look at a quick example. Typically, in order to participate in ICOs, you not only relied on third parties to get Ether, but you also paid a fee. Using the FUSION blockchain, on the other hand, you are able to send any token of your choice to the FUSION smart contract, and the startup/company is able to convert to any cryptocurrency that was mapped/stored/deposited onto the FUSION blockchain instantly via atomic swaps, like the lightning network... as easy as that!!

FUSION CRYPTOASSET MAPPING

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Digitizing and tokenizing financial assets and fixed assets to ensure effective circulation in the financial system.
Digitizing the financial assets of a car dealership platform with revenue of over USD10 billion per year.
Developing an effective system for supply chain and e-commerce financing.

• "These are tremendous opportunities not only for us but for the cryptofinance industry as a whole", said FUSIONVisionary and Principal DJ Qian. "We now have the opportunity to demonstrate how the FUSION ecosystem can streamline and effectively deliver for companies who are operating in highly specific industries, digitally and globally, and our degree of success will be seen as a benchmark for how far blockchain-based finance has come".

The solution is future-proofed, as Fusion supports both tokens that are already in circulation and those that will be issued in the future. The platform offers — among other things — a multi-currency loan system, by which users can apply for a loan in one form of token and pay it back with another.

BLOCKCHAIN ISSUES

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Lack of direct methods of operation & exchange of values between different chains/ platforms
Limited financial tools in the current disconnected market
The FUSION network will accomplish its goals by letting APIs aggregate different blockchain tokens, off-chain values, and data sources into one public blockchain. Thus a variety of tokens and assets can be mapped onto the blockchain, making it possible to create multi-coin smart contracts so users from different blockchains can interact with each other on a trustless basis.

Fusion is, in a sense, a “blockchain of blockchains.” In terms of security, the platform implements a proprietary piece of technology called Distributed Control Rights Management (DCRM). DCRM distributes 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.

“FUSION is the side chain of all other chains. By the Distributed Private Key Control Services, any other blockchains’ token holder can map their tokens onto the Fusion public chain. The mapped tokens can be programmed by cross-chain, cross-organization, cross-data source smart contracts. In practice, the system is a distributed multiple token wallet with many financial distributed apps [dApps] in it. People can write their financial dApps and provide financial services.” - Dejun Qian.

FUSION TECHNOLOGIES

... The Distributed Control Rights Management (DCRM)
...The Multiple Triggering Mechanism (MTM)
...The Hierarchical Hybrid Consensus Mechanism (HHCM)

MY FAVORITE PART OF FUSION NETWORK

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Major cryptocurrencies like Bitcoin use a string of numbers and letters as a public address that can be shared with anyone who wants to transfer you Bitcoin. The bitcoin address that is typically seen by the user is encoded by “Base58Check”, which uses many characters and checksums.Here is an example of a bitcoin address (33–34 characters typically): 16UwLL9Risc3QfPqBUvKofHmBQ7wMtjvM
Here is an example of an ethereum address (42 characters typically): 0xCAb8eEA4799c21379c20eF5Baa2CC8aF1bEC475B
Clearly, the above addresses are long and random, making them difficult for the user to remember or recognise.
FUSION’S short account address is a string of numbers. The addresses initially used will be very short and as adoption of the FUSION blockchain grows, the number of characters in an address may gradually increase.
Here is an example of a FUSION address:
686868–32
This address notation is easy to remember. In front of the dash is the account number, and to the right of the dash is check code. FUSION users will no longer need to worry about inputting wrong addresses when they are executing transactions. FUSION recognizes the importance of KYC, and is actively exploring its relevance and application in the field of encrypted digital currency. At the same time, FUSION will strengthen its relationship with companies that focus on User Identity in the blockchain industry through its unique short account design. Short account notation will help encourage mainstream financial integration and lay a solid foundation for cooperation with more traditional financial institutions.

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SUMMARY

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"FUTURE FINANCIAL BANKING AND HOW FUSION IS GOING TO PARTICIPATE"

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By adopting FUSION and locking-in their assets on the FUSION platform, companies stand to gain key competitive advantages compared to industry competitors, including:

Ease of Business Automation:

Companies expend a great deal of time and money managing their own supply chain and administering processes with clients and other business partners. However, through the use of the FUSION platform, assets can be digitized and transactions programmed through smart contracts, allowing for thorough and highly effective business automation while reducing wastage as a result.

Access A Bigger, Better Financial Ecosystem:

One may think of all cryptocurrencies and financial platforms as being like a small river. As they exist in their own ecosystem, their size is naturally limited. This siloed nature means that anyone who wants to conduct cross-platform transactions needs to have an account on each platform, creating a natural disincentive.
With FUSION, all these small rivers combine to create a large lake. As a connected ecosystem that integrates the many different financial platforms in existence, FUSION allows for simple and straightforward value transfer across platforms and cryptocurrencies.

Enabling Complex, Multi-Party Financial Agreements:

FUSION enables all companies to access the benefits of complex financial instruments. In today's world, creating agreements that involve three different parties creates prohibitive costs. However, if all assets are locked in on FUSION, a programmable smart contract involving as many as 10 parties, 20 different assets, and based on over 30 different conditions, is reduced to matter of code, minus the high costs. Furthermore, the use of code guarantees that the contract will be executed exactly as it is written.

This is precisely what project FUSION is doing: to establish a public blockchain as an inclusive cryptofinance platform that, by breaking the bottlenecks of interoperability and scalability, can provide complete financial functions, leading us to an exciting new era of Internet of Values.

FUSION TEAM

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Youtube review on Fusion

Do you want more information, you can as well, check FUSION Website

Need a summary, just check FUSION Summary

Want the WhitePaper, to see more information, check FUSION WhitePaper

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See the FUSION code on Github

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