Technological developments become important in the business world

Technological developments become familiar with the development of information technology today is much faster than the previous year's years the transformation of the technology of the past into technology more cumbersome and fast has made banks and other financial institutions reconsider their value proposition, but the shift further in the financial landscape goes deeper than just the introduction of online banking, e-commerce. Decentralization has democratized information by allowing instant streams of any media content, value exchange, at practically no cost.

Currently, the common way of transferring value in financial and e-commerce systems is still dependent on clearing houses and brokerage services. The general ledger is also stored to record all transactions. In a decentralized system, there may be many decentralized intermediaries who keep copies of transactions in their own ledgers. However, in a blockchain system it can represent technological innovations that allow transparent interaction from parties to new types of secure and secure networks that distribute certified and auditable access to data.

For now in the centralized banking sector has lost a lot of previous reputation - as well as efficiency, as fee income has spun. For example, from 1980 to 2017, cash in US banks has increased from 171 billion to 2.4 trillion, and interest rates paid by banks for 5-year Certificates of Deposit have declined from 12.25% to 0.27%. Banks use temporary customer funds while providing a near-zero interest rate and there are still many customer-imposed transactions and significant transaction costs, to support high maintenance costs and shareholder benefits.

There are hundreds of cryptocurrencies that are traded worldwide with a market capitalization of over four hundred billion USD. However, most of this enormous value is currently "unable to bank" unless it is converted to paper money, or a very limited token, potentially costing the entire economy.

Transactions through E-commerce business recorded sales volume and digital payments reached new records worldwide, this record continues to increase every year. This business model is expected to continue uninterrupted. Correspondingly, the capitalization of the crypto economy also sets a record year-over-year high. But still significantly growing in the financial sector, the economic crypto remains virtually indirectly linked to regional or global trading activities and to the widely used customer targeted digital payment system. To develop a decentralized payment mechanism in e-commerce, and in general trading and direct trading activities, a crypto payment framework is required to meet the needs of users, effectively and complex rules and ecosystems.

To provide necessary links between ecommerce stores and cryptocurrency payments, the Korona framework will include a digital payment platform, which can be easily integrated into third-party online store platforms available for this date. The newly developed Korona payment processor API is built with speed and security in mind. It combines all the protection and safety features of a traditional fiat-based payment system, but combines with the added benefit of a decentralized blockchain-based system, and naturally works with Korona tokens. When equipping an online store with customers and a Korona digital payment platform store will benefit from the benefits of decentralized payment technology. Transfers will be fast enough, but the cost will remain limited.

While providing free and user-friendly APIs to online stores, to improve the development of a cryptobased based online retail market, the Korona Ecosystem will also incorporate the new integrated ecommerce market platform, Korona Market. Users will find here various products and services from third party websites that will not accept cryptocurrency payments. The Korona market will work with an automated and integrated drop shipping system, which will allow manufacturers and wholesalers to manage the actual transfer of goods. Our drop shipping combined with payment management scheme will allow buyers to use Korona token to purchase a wide range of products and services. This will also give the merchants accounts in paper money if they do not want to receive tokens, without any involvement of third parties.

The Korona market will offer a simple e-commerce service for local residents. In addition, Korona Market creates a path to the international market for smaller and larger businesses, even for start-ups, which are not yet widely known. This will enable Korona to help local businesses to compete at the international level by removing their dependence on experienced tech savvy staff, and the need to hire a team of IT professionals to develop, maintain and scale a profitable international online presence. But further benefits will arise for users with the ability to find better and cheaper goods on an international level. This will eliminate the hidden costs of the multinational company networks needed to promote their retail, distribution and marketing efforts. As a result, both large and small local companies can greatly benefit from a decentralized and cryptocurrency-based cost base market.

To enhance the development of a Crypto currency-based economy, certain commercial support mechanisms must be created for businesses that participate in a profitable ecosystem. We have long-term experience in creating, building and operating companies successfully in various industries around the world. To improve the real use of a blockchain-based payment system, we will continue to develop integrated business support systems, explicitly designed to support businesses participating in the implementation of Korona blockchain payments.

Our team members have been monitoring Bitcoin and all the evolution of cryptocurrency, from birth to the present. After analyzing a lot if ICO in the past, we have learned how we can create more value for tokens in a transparent and obedient way. ICO is designed on three pillars: value creation, practicality and effectiveness.