Verify Union Project
Hello... I introduce to you Verify Union Project. An awesome utility ERC20 based token.
Firstly to understand the utility of the token, lets look at the main problems the Natural Asset Exchange and Earth Token wish to solve:
High barrier to participation - Currently the only participants are the huge multinational corporations and governments.
Systemic corruption - Gate Keepers have too much influence/control, inviting corrupt and costly practices, tarnishing the sector as a whole.
The above problems are solved by opening up participation to everyone, including private individuals. Thus, instead of a handful of players, Verify Union will have a global pool of participants.
Verify Union have put in place some measures as the settlement currency for the following reasons:
Reduction in the complexity related to fiat currency exchange rates.
Reduction in transaction fees.
Elimination of lengthy transaction/settlement times. Transaction and fulfillment to happen simultaneously.
Elimination Counterparty Risk through the enabling of smart contracting to enforce agreed terms of trade.
Open up the Natural Asset market to IoT, enabling all devices to interact with the Natural Asset Exchange blockchain.
Join Verify Union official BitcoinTalk Thread.
https://bitcointalk.org/index.php?topic=2495969.0
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