Fusion: A new era of Cryptofinance for the Internet of Values

It’s only the natural way of things that as man continues to exist on planet earth, he will find ways of improving on living standards in general, and finding more innovative and efficient ways to handle tasks.

Change is constant, and it only stops when total decadence occurs.

TeroVesalainen, Pixabay.com
Not to look too far, almost every Steem holder has been in this position, having to use third parties such as Bittrex, Poloniex and Blocktrades to convert their Steem to BTC or altcoins, and then to fiat, or vice-versa. Rather than having to take this long route and lose a chunk of ones money along every stage of the process, Fusion has a very intriguing proposition that will have an effect on each and everyone of us on Steemit, and millions around the world, connected to cryptocurrencies/blockchains, one way or the other.

WHAT IS FUSION, AND WHAT IS ITS VALUE PROPOSITION?
Some of the major issues we face on the blockchain are interoperability, scalability and usability. These problems prevent cross-chain value transfers and also cross-chain smart contracts. These are the issues Fusion is looking to be an answer to.

Fusion is built around the idea of “Internet of Values”, which is a fairly new concept derived from the value provided by the Internet of Things (IoT). It hopes to create an avenue(a public blockchain) for transferring value from one cryptocurrency to another across blockchains more efficiently, without the heavy transaction fees, and other disadvantages attached to the process as we know it today.

Fusion does this by making use of distribution network nodes to exercise some form of control over the private keys of different tokens. In so doing, it establishes a layer of control over these blockchains, in order to manage them efficiently. With this layer in place, building cross ecosystem smart contracts is no longer a problem.

Fusion is trying to create a financial ecosystem for the next generation financial market.
For a solution such as this to be all inclusive, it needs to be on and off chain, seeing there are still a lot of people yet to get “blockchain woke” and many more that never will.

In line with this,
Fusion will provide interfaces for users/organisations that are off chain, and also off-chain data sources.

Every solution providing ecosystem needs a token to effect this transfer of value, and Fusion does this with
Fusion Tokens (FSN). Its primary purpose is to be the gas that supports financial smart contracts that run within the ecosystem. People will also pay tokens to the nodes, and the nodes will work in relation to determining different events within the ecosystem.

With the Time Lock feature a token can be split into two parts: from the present to a time set, and then from the latter, to forever.

USE CASE SCENARIO’S OF FUSION
Use case One: Risk-free Token Loan

Smart contracts code can ensure automated execution of transactions, which serves as a trust mechanism.
Fusion enables cross token contracts via which you could take a loan in any token of your choice, without trust issues. Kindly watch the video below for more insight.

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**Use Case Two:** Risk free contracts market

Fusion creates a system that enables peer traded financial contracts, opening a new markets for cryptofinance. Kindly see the video below.

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**Use case Three:** Mortgage smart contract. In this scenario, we have a house owner, who has a house on the market, going for X amount. Now on the one hand we have a House Token Organisation that provides legal services to people that wish to sell their houses; they enable house owners to tokenise their houses, and each property has unique identifications. They also provide bonding services that guarantees anyone with the tokens that correspond to the house in question owns that property in full. On the other hand, we have a risk taker that finances loans and takes all the risks; then there is the buyer, who has X-60 amount to purchase the house, and lastly, risk-free investors, who want to invest X-40 in a risk-free loan smart contract.

A Mortgage Smart Contract (M.S.C) will be initiated by the token loan company. The house owner will then proceed to send their tokenised property to the M.S.C, and the buyer will also send X-60 to the M.S.C as well. The risk free investors will send the balance of X-40 to the M.S.C, giving a total of X amount. The token company then goes ahead to send X-40 to the M.S.C as well, to guarantee their investment, taking the risk for their capital and interest. The token company, being the risk taker will become the Residual Revenue Owner.

X amount is then sent to the owner, and the owner forfeits ownership of the house. The buyer gets X-40 in mortgages, and takes ownership of the house, pending completion of payment. Over 120 months, the buyer would need to send in a fixed amount, with interest included. This will be sent to the risk free investors , while the token company would receive the residual part of the interest payment, and interests from X-40 they placed in the M.S.C. On completion of payment, the house is sent to the buyer, the token company gets back their initial investment (X-40), and everyone is happy, seeing they got what they wanted, risk free.

HOW
FUSION WILL CHANGE THE WORLD OF CRYPTOFINANCE
Agreements involving three or more parties usually attract high transaction costs. Being
Fusion based ensures that these costs are better managed with the aid of smart contracts, which also ensures that execution is exactly as programmed, irrespective of the number of parties, or combination of assets/conditions involved in the transaction.

Having features such as the ability to Time-Lock (highlighted above; ability to split a token into two parts), Short Address Notation (acts like a digital account address, short enough to memorise), and EasySwap (trading ERC-20 tokens on Ethereum or temporary tokens for FSN) are innovative and are definitely better than what we have now in most cases. These can only add positive values to our lives.

In time, people can find different financial instruments by easily as a result of what
Fusion is creating.

In the long run, these solutions created will be very useful for financial institutions. This is why collaborating with them is important, and will bring the cryptofinance era much closer.

BENEFITS OF HAVING A CROSS-CHAIN FINANCIAL PLATFORM
Asides from the benefits listed above, some other benefits are:
Every cryptocurrency exists on its own, and the only means via which they are somewhat connected, but not necessarily relating with each other is via third parties. Each of these cryptocurrencies are still in isolation, but with a cross chain platform-assuming they lock-in on
Fusion, each of these cryptocurrencies become an arm of a single large pool, and all of them will be inter-connected. Value can then be interchanged from one ecosystem to the other seamlessly.
Users can also now build smart contracts that cut across different cryptocurrencies.

For companies that come on board, being involved on the
Fusion platform enables them to be ahead of the competition and stand out, seeing they are using more advanced technologies that are more cost effective and efficient.

HOW THE ABILITY TO MAP CHAINS AND TRANSACTION LOGIC IMPROVE INTEROPERABILITY
Limited interoperability affects the scalability of the Internet of Values. This makes it difficult to map out the actual application scenarios when multiple currencies and organisations. Migrating their data from off-chain values to the Internet of Values becomes an issue.

The possibility of different tokens being mapped will create a scenario where multi-token smart contracts become achievable.

BENEFITS OF BEING ABLE TO USE TRADITIONALLY BANK OPERATED FINANCIAL TOOLS IN A DECENTRALISED MANNER BETWEEN CROSS-CHAIN USERS.
Seeing
Fusion provides a complete financial package, users are able to transfer value easily from one point to another. This also enables them to bridge the gap between centralised and decentralised solutions.

Between cross-chain users, it removes the need for third parties, leading to more efficient processes, faster transactions and huge savings, with regards to transaction fees.

Smart contracts also ensure that instructions are executed perfectly, in relation to the programming commands provided.

BEING A PROPONENT FOR THE “INTERNET OF VALUES” IDEOLOGY
Being a front runner in this sector and also being a success would ensure that companies, and stakeholders in the development community take notice and get more involved. As it is with all things new, it is only normal for a huge chunk of people to sit on the fence, and see how things pan out. With
Fusion being the standard and actually delivering on a working model, more companies will be able to work more efficiently, and current ways of doing business will become obsolete eventually, leading us into a greater future, and providing a financial solution that will affect billion of lives around the world positively. Being off-chain as well is also a huge advantage.

SUMMARY
Computers replaced typewriters, assembly lines replaced the manual process of assembling, telephones replacing telegrams. It is just the natural order of things.

Fusion replaces every single exchange by being more efficient, cost saving and an all-round better solution.
Users also have a central system that could cater to their financial needs without hassles.

With the success of the initial stage, we will see more companies and contributors flocking in, leading to a more vibrant and effective community.

Seeing
Fusion is highly scalable, reconstructive (redefining the way value is transferred) , inclusive (off-chain and on-chain) and doesn't just plan for the present but also makes provision for cryptocurrencies that could be created in the future, it’s safe to say that
Fusion are really on the way to making cryptofinance a part of our everyday lives and changing life as we currently know it.

TEAM

ROADMAP

VIDEO

FUSION IN THE NEWS

Fusion raises $50 million in under 24 hours to create a token ecosystem

Singapore startup secures $12.3 billion in assets for blockhain platform

Fusion shocks Wall Street with $12.28 billion announcement

NOTES

• Partnerships are already existing with Carnex, KuaiLaiCai, FormulA. These partnerships bring in over $10B in tokens to be locked In on the Fusion blockchain.
• Fusion launched its testnet on June 6, 2018.
  
  MORE INFORMATION & RESOURCES:

For more information, you can visit Fusion's Website

Fusion's Summary

Fusion's WhitePaper

Fusion's Telegram group can be joined by clicking that link.

Kindly find a link to Fusion's Twitter page
here

To find Fusion on Reddit, kindly use
this link

Here is a link to Fusion's Medium page

Here's link to Fusion's Videos Page

Fusion's Linkedin page with relevant information.

Fusion's Facebook can be found via that link.

To check out Fusion's Github use
this link here

Entry to the @originalworks contest that can be found here

fusion2018