Background

Right from the days of creation, human beings has evolved over time likewise civilization. With the introduction of currency as a medium of exchange, it has led to continuous progress in human civilization. According to Ronald Coase (1937), “market is costly.” The reason for this statement is because of lack of trust. Trust issue has been a major setback in the free market economy and in order to tackle trust issue between two people, centralised organisation was introduced. Centralized organizations also have insurmountable problems but has evolved and greatly contributed to the development of mankind. Out of centralization birthed the blockchain technology that play an extremely important role in solving the trust problem of mankind.

The blockchain technology has also evolved from the  age of  Internet of Information (IoI)  to the age of the Internet of Values (IoV), which can be regarded as the second generation of Internet. Blockchain has brought about lots of  great expectation in the financial sector. Currently, there have been lots of tokens that have tried to cover some basic function in finance but it is still far from the fully functional financial services that the real world needs. To bring about the era of the Internet of Values up to speed, there is need for a new generation of financial infrastructure in blockchain technology that can perform all the functions of traditional finance in a distributed way efficiently and much less expensively and fuse fragmented pieces of cryptocurrencies and endow them with complete financial functions. This will bring about the dawn of a new era in cryptofinance called Fusion.

Fusion and how it can change the world of cryptofinance.

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Fusion is an out-of- the-box blockchain established to provide a financial solution to dissolve the barriers between various cryptocurrencies and to innovate a platform that can catalyze globalization of the blockchain technology. Fusion blockchain is offering the cryptocurrency ecosystem a more improved form of smart contract that harness next generation technologies and provide various cryptocurrency market solutions for the industry’s main problem of scalability, interoperability and useability, in order to formulate an innovative blockchain-based financial platform that is ready to embrace the new age of the internet of value (IoVs) which is expected to provide high connectivity and inclusiveness.  Fusion public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token.

Cryptofinance  is the term used to refer to the new digital era we are entering. An era were fiat currency and ATM cards are left behind for cryptocurrencies and tokens. Since the introduction of blockchain, there have been lots of token introduced but non of these tokens can interact with each other. Thanks to Fusion interoperability features, all these tokens can interact with one another. The fusion addresses issues of compatibility between cryptocurrencies and intends to introduce a true age of cryptofinance with its new public blokchain.  Fusion  supports both present and future tokens that is even yet to be introduced so that they can be interoperated with each other thereby making smart token actually smart.

Fusion hopes to create an inclusive cryptofinance platform to provide solution to the barriers affecting the widesparead of blockchain technology in finance. And while this would be the next step in making a truly connected cryptofinance system a reality, it would take some time to see if Fusion can pull it off.

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Benefits of having a cross chain financial platform

There are several benefits of having a cross chain financial platform. This includes;

• Blockchain interoperability: due to the fact that every blockchain tokens are independent, they find it hard to interact directly with each other. This makes interoperability conspicuously non-existence in the blockchain ecosystem. But with the innovation of Fusion in the blockchain, there is interaction between existing blockchain and future ones yet to come.
• Risk is minimised: In a situation of chaotic market, any token holder or borrower can be confident that the extreme volatility of specific tokens would’nt have absolute effect on their investment. Therefore risk is distributed across board  and maximum value is obtained. 
• Support of multi-token wallet:  before now,crypto holders go through the task of keeping tabs with dozens of separate individual wallets that hold there tokens and would have to keep their tokens in the existing exchange relinquinshing total control of their asset. But with cross chain financial platform, the idea of fusion supports the multi token wallet system which provides a universal, location for the storage and exchange of crypto assets.
• Low cost: since the crypto currencies will be able to interact with each other, it eliminates the idea of high service charge levied on investors or crypto holders.

How Fusion can help enhance the “ internet of value.’’

The rise of the Internet has brought great changes to people’s daily life because it caused fundamental transformations to many industries. But on the area of finance, the impact has not been as big as compared to other industries. 

The Internet of Values is arising, but financial applications on it are few but with Fusion, the internet of value can be taken to greater heights by making efficient use of the smart contract in Fusion which is then used to increase the use of cross-chain transactions ensuring organisations are greatly involved.

If this working process of Fusion turns out successfully, cryptofinancial assets can then be controlled by the Fusion blockchain through their private keys. With this, off chain assets have values on the internet of values and these values can be transferred quickly and effectively through the Fusion Blockchain, without any intermediaries. 

Several user cases of Fusion.

• Risk free token loan :

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Assuming i participate in token sales as expected i will get a little amount due to its inclusive structures. So, if i decide to invest more ethereum to the little amount of token sales i already have, the risk free token loan smart contract will solve my problem by borrowing the amount of ether i expect to be returned by the end of the token sales.

 The only way this can be done is by using the risk free loan smart contract both for lender and loan provider. The both parties will send there ethereum to the risk free smart contract which will interact with the token sales. Once the sales of token is over, both the loan and the interest will be send back to the lender . i will get back the amount of that percent corresponding to my larger contribution to the token sales. 

FUSION Use Case 1: Risk-free Token Loan

•  Second case scenario is risk free contract market.

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Lets consider moses wants to buy a car at $10,000 from "junior" a car dealer. But there is a slight complication. She invested the money in an insurance company. In fusion risk free loan smart contract, we label the insurance (A1). At the end of 2 months, the interest will be $2000. Since moses wanted to buy the car immediately to suprise his wife on her birthday, he decided to initiate a “credit purchase smart contract .” lets call it (A2) with junior the car dealer, relinquishing all his rights he has with the insurance company (A1) and signing everything including his $2000 interest over to junior to get the car but junior can only get this in a period of 2 months. But since junior is not a patient guy, he decided to initiate a “discount sales smart contract” (A3) with Samson. Samson been a patient man considering the time to get the interest as a fair one and the “discount sales smart contract” as been risk free accepted the deal with junior. In othrer words, Samson is now in control of token flow (A2) which in turns controls (A1). At the end, everyone gets what he wants and is happy. 

In this manner, receiver control right and future token flow can be traded between peers in fusion blockchain creating new market for crypto financial smart market.

FUSION Use Case 2: Risk free contracts market

Benefits of using traditional bank-operated financial tools in a decentralised manner between cross chain users.

The uprise of the blockchain since 2009 has ensured that centralized bookkeeping in traditional finance can be substituted by distributed ledgers on unstoppable peer to peer networks, written signatures can be replaced by crypto signatures, and paper contracts can be programmed and automated by smart contracts. 

Decentralised manner between cross chain users solve the double spending problem through distributed ledgers, allowing currencies to be issued and transferred without intermediaries or central agencies. Thus, the functions of central banks and the clearing houses have been realized by distributed ledgers.

Others include; speedy transaction, minimum interest rate, ability to transact with wider users and risk free.

How the ability to map chains and transaction logic improve interoperability:

Fusion smart contract has the ability of supporting various accounts types and defining the connection between the users. In other words, once the different tokens have been mapped to fusion smart contract the relationship of this various tokens are defined by smart contract concurrently. 

Conclusion

Bitcoin’s launch in 2009 gives hope to a new finance for humankind that led to  the dawn of cryptofinance. Although there are still two bottlenecks, the multi-token smart contract problem and the multi-trigger smart contract problem, which limit the application of cryptofinance in many areas except payment and tokenization, Fusion is the light at the end of the tunnel to solve the problems of  cryptofinance. Fusion will become extremely important cryptofinancial infrastructures and will shapen the financial industry. The year 2018 will mark a turning point in the world of cryptofinance. This will not only bring unprecedented challenges to traditional finance, but also bring unprecedented opportunities to them.

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Road map 

To get the link to the contest click here 

More Information & Resources:

• 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

Fusion 2018