The activities of human evolution have surpassed the predictions of Charles Darwin made over a century back, who would have thought that technologies would grow so advance easing everything in life?

Information and communication have also evolved over the past years, this gives birth to the revolutionary ICT (information and communication technology) which has a core backbone of data and information. The ICT with a vast multi-sectoral upgrade is the driving force of the technology. This gave rise to the ‘internet of information’ a metaphor used to show the availability of information (data) of value, that can be accessed anywhere in the world with the use of a computer.
Education is accessible everywhere because the internet has made access to information easy. It would be an anomaly in this era not to be conversant with common search engines like Google, Bing etc. that can dish out a list of information formatted according to your search query.

The internet of information witnessed a great revolution, the birth of ‘the blockchain’ a digitalized ledger for keeping records of all transactions on the web. The blockchain technology being a new discovery did not embrace many users since.

Necessity is the mother of invention, the blockchain technology began evolving and was adopted in different industries, the healthcare industry, cyber security, forecasting, supply chain management all embraced the digitalization and intelligence, and decided to come up with smart tokens (SMT) to enable its users to subscribe to a particular product of value, these lead to the emergence of ICOs (initial coin offerings).

The world we live in today has become ‘A Global Village’. Cisco (a computer networking company) estimates that by 2020, they will be 50 billion things (i.e. people, object, animals, etc.) connected to the internet and with each other.

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Fusion a crypto finance platform having observed the proliferation of different companies on the blockchain with the mission of
decentralization decided to step in to see how they could offer a nexus between these decentralized companies built on different block chains.
Fusion hopes to put an end to use the tools of Inter-operability, Scalability and Usability to provide cross-chain, cross-organisation to effect smart contracts, with the aim of crypto-financial emancipation.

BENEFITS OF HAVING A CROSS CHAIN

According to the white paper, Fusion hopes to give a solution to:

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Interoperability Remember the internet of information I talked about, it birthed the internet of value when different companies leveraged on the blockchain to build their application packages with the hope of getting people subscribe to their products. This brought about the concept of tokens as a reward for smart contracts

$5.2 billion dollars have been generated from about 848 ICO in the year 2018, compared to $6.1 Billion that was generated in the previous year. source

These blockchains were not built to network with each other, this information from one blockchain is shut off to other blockchains.

Fusion hopes to provide a nexus via a cross chain to promote the concept of interoperability. This would be beneficial to final consumers as they would not be saddled with the responsibility of navigating between different blockchains just to make a transaction.

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• Usability :With the concept of cross-chain, users can decide to save their digital wallets in a universal wallet for ease of use. This would be much convenient for users as they would not need to remember the posting keys of different wallets as far as it has been registered in the universal wallet.

A simplified example could be likened to switching between platforms (two or more discord servers, or WhatsApp groups) to access information, with a possibility of transfer of information between the platform(discord servers or WhatsApp groups.)

• Scalability :The cross chain also hopes to solve the problem of scalability which is a major bottleneck which the internet of value created.

HOW WOULD FUSION CATALYZE THE PROSPECT OF INTERNET OF VALUES?

The traditional internet (internet of information) added value to the field of commerce by allowing efficient exchange of information relating to buying, selling and distribution of goods. This brought about customers satisfaction and convenience as ordering products online had an advantage over the traditional ‘in-store shop’, creating a room for healthy competition between large scale and small scale industries

the internet of information could not go beyond the exchange of information, which led to the birth of internet of value. According to the white paper:

When people can conveniently send value over the internet and program by smart contracts, they will enter the age of internet of value.

With the proliferation of different industries built on the blockchain, it will catalyze peer-to-peer interaction with the aim of exchange of value. The ability to blockchain to interact with each other as proposed by the fusion model would make the model of the internet of information to veer towards internet of value.

The internet of value is a concept that has not yet been achieved, but fusion is already making it look realistic.

HOW DOES THE ABILITY TO MAP CHAINS AND TRANSACTION LOGIC IMPROVE INTER-OPERABILITY?

Crypto mapping is the process that enables distributed control right management and asset mapping of all key managed token.
According to the project plan discussed in the white paper,

a user can map his/her tokens to the fusion platform when a transfer of the tokens is made to the universal wallet. These tokens arrive at the universal wallet retaining the erstwhile identity of the former wallet.

This will bring about transparency, decentralization, efficiency, and security all in one bumper package.

THE BENEFITS OF BEING ABLE TO USE TRADITIONALLY OPERATED FINANCIAL TOOLS IN A DECENTRALIZED MANNER BETWEEN CROSS CHAIN USERS.

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The e-banking is a service that allows customers have access to their account for specific information or possibly to conduct transactions from a remote location e.g. home, workplace etc. It is advantageous because it gives full access to the customer’s account 24/7 without going through the traditional cheque and paper works. Apart from the full access to the account, it also gives an excellent opportunity to bypass the bottle-necks; it helps you to track your payment history, statement of account and balance.

Using traditional banking tools in a decentralized way between cross chain users would finally resolve the issue of trust inherent in mankind.

Checking out the team that came up with this idea, you would be impressed with their educational portfolio as it revolves around finance. This Team is led by Dejun Quan, CEO and founder of Fusion.

• If you want to know more about this project, their website should be your first point of call

• If interested in how fusion works and its technical details, you will find useful information in the Whitepaper

• If you are not the voracious reader, this summary should come in handy for you.

• And if you want to get into contact with them, feel free to visit their Telegram,Reddit or Twitter handle.

Here is a video I made about fusion, I hope it gives an insight about the project.

• In case you have futher questions about this project, feel free to drop a message and I will try to provide a valid answer to the best of my knowledge.

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This is my entry for @originalworks writing contest

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