Blockchain technology is an new distributed database or ledger that is shared among the nodes of a computer network. As a distributed database on decentralized network, a blockchain technology will stores information electronically in the digital format. Blockchains technology itself are best known for their crucial role in the cryptocurrency systems, for example, such as Bitcoin, where it's maintaining a secure and more decentralized record of any transactions that recorded on the network.
Blockchain technology innovation itself will guarantees the fidelity and security of any record of data that stored on the distributed database on the decentralized network and thus it'll generates trust without the need for any centralized entity. Web3 is one of the most unique innovation bought by the blockchain technology and it's introducing an new way to access the internet, where people can gain back their own data and privacy, such as Masa decentralized data platform.
What is Masa Ecosystem?
Masa is a new decentralized ecosystem where it's created to help millions or even billions of unbanked people around the world. Masa ecosystem will be enabling personal finance management for everyone, by creating a new decentralized credit score, and thus access it to uncollateralized loans.
Through these financial products it'll be building a block for generating personal wealth and the community building. By making a new credit infrastructure it'll be accessible to any decentralized credit markets on network, DeFi platforms will also can launch a broader set of credit use cases to take the DeFi concept to the mainstream market, this will be opening DeFi to thetremendous global market.
In the first place masa was founded with the mission to unlock the on-chain capital globally for everyone. It's founded by the immigrants and built by the globally decentralized team for everyone, they firmly believe this economic opportunities should not be restricted by where people was born or live.
Masa 1.0 Ecosystem, was building with a truly decentralized credit bureau. This will bringing together the 10,000+ web3 and web2 data sources and thus providing individuals, businesses or even developers with the tools to access credit market on-chain through the blockchain network.
They were building a more accesible and equitable global credit bureau, they realized that an even more foundational primitive is missing in the web3: identity. Finally, Masa will standardized web3 identity protocol to easily aggregate, attribute, and permission (credit) data on-chain through the blockchain network.
Why Masa Ecosystem Is Powerful?
Masa ecosystem will solving many problem that exist today, through the decentralized ecosystem, for example;
Decentralized Loans
Most lending platform today is collateralized or even overcollateralize, every person must post collateral in the form of major crypto, such as ETH or BTC and it's not effective. Masa will creating a new DeFi concept with undercollateralized lending where it's should be accessible to the creditworthy people looking for the better credit terms.
Credit Score
Masa will also offer a new credit mechanism in the DeFi ecosystem, it's creating a new infrastructure that can trustlessly measure and price risk in real-time for use in smart contracts and the DeFi credit.
Wider Scalability
Masa team will creating a new unique ecosystem with wider scalability by connecting traditional finance with the DeFi and developer to access encrypted financial data for smart contracts on the blockchain network.
Unique Decentralized Identity Protocol
Masa team will also creating a new protocol called soulbound identity based on the web3. This tokenized concept will bridge the gap between every user activities, personal, authentication, and sharing mechanism. They will use it to represent every users' attributes in the web3 ecosystem and in the real world, through the masa ecosystem, metadata was attributed to the soulbound token is encrypted and it's only can be accessed with the permission from the identity owner through their Protocol.
Soulbound identity is aiming to become a passport - for the DeFi, dapps, communities, games and more in the future. In the decentralized society, through the blockchain-based domain extension .soul name where it'll be every user pseudonymous, with the unique name to represents every user Soulbound Identity.
Finally, Masa 2.0 was created where it'll build the bridges to support people all over the world, it's providing an access to the new web3 economy through the Soulbound Identity. They will also empower users and the developers through Soulbound Identity across the globe, This will make Masa to become the future of truly decentralized society.
Backers and Partners
Conclusion
Web3 is an new unique innovation that giving everyone a new way to access the future of decentralized internet. Web3 is also giving back their own right where it's control their data without go through the centralized entity.
Nasa is one of the most unique ecosystem out there where it'll implementing the blockchain technology, it can be used by everyone on the network to access various unique blockchain-based with some unique features such as NFT, DeFi, GameFi, Digital Identity and more in the future, It's also introducing Soulbound Identity to providing a new way for everyone to accessing the future of decentralized society, thus it's really have a great potential.
Guys I think that's enough for now, Don't forget to Follow & Upvote for more content about new Potential Blockchain projects, I will provide some links related to the Masa Digital Identity Ecosystem below. Thank you very much!
Website: https://www.masa.finance/
Twitter: https://twitter.com/getmasafi
Telegram: https://t.me/masafinance
Discord: https://discord.gg/HyHGaKhaKs
Medium: https://https//masafinance.medium.com
Github: https://github.com/masa-finance
Authored By Pedobear a.k.a Dhemas putra/dhemasm(Bitcointalk)
https://bitcointalk.org/index.php?action=profile;u=1049524
PoA
https://bitcointalk.org/index.php?topic=5430758.msg61572534#msg61572534
