n recent years, the widespread use of blockchain in various fields of human activity, the blockchain has proven itself and has given a lot of advantages to projects that were developed on the blockchain and work with smart contracts. The use of blockchain can significantly increase efficiency and provide benefits such as transparency and high speed of operations. Due to Blockchain Technology, There are lots of solution to many real-world problems in various industry and fields. Currently, hundreds of startups are working on different projects to solve issues of various industries by using blockchain technology. Here, We will discuss one of them, DarcMatter which are working on blockchain based Financial Services.
What is Darcmatter?
DarcMatter is developing a blockchain based distributed ledger to remove opacity and inefficiencies from the global alternative investment industry. DarcMatter is vowing to “create huge efficiencies and scalability” for the alternative investments industry by implementing Blockchain and “tokenizing an antiquated system.”
DarcMatter is an online platform which connects investors with prominent venture capital, private equity, and hedge funds. Since launching in 2014, the company has gained a global footprint connecting more than 150 funds with 1,300 investors who are on the lookout for new opportunities.
DarcMatter’s distributed ledger will use NEM-based technology, which it believes is better suited for building a financial services ecosystem than other alternatives such as ERC20.
At the heart of its platform will be the DarcMatter Coin (DMC) which will allow investments to be executed through smart contracts. The DMC is going to be based on proof of importance, or PoI for short, which generates added value for token holders depending on the volume of their transactions and how many available tokens there are.
What are existing problems that will be eliminated through darcmatter platform?
There are majorly three problems i.e. Transparency, Security and Efficiency in financial services which are eliminated by using the darcmatter platform.
lack of transparency in alternative funds is creating headaches for everyone, to the extent where compliance costs are soaring and third-party fees are eating into profits. Worse still, most transactions and conversations between fund managers and their investors are taking place offline, muddying the waters further and increasing the likelihood of costly mistakes being made.
Ever-changing regulations around the world are also affecting levels of cross-border investment. Investors are denied freedom to make their money grow because geographical boundaries are difficult to navigate, meaning exciting opportunities with asset managers on the other side of the world are too often out of reach.
These swirling criticisms surrounding difficulty of access and opacity have led DarcMatter to conclude that the industry is on “the precipice of necessary change” with Blockchain billed as the best solution for dismantling these downsides.
DarcMatter is confident that the “transparency, security and compliance” its Blockchain platform provides will help the alternative investments industry thrive – with global wealth predicted to soar in the coming years.
It is already trusted by major investment and advisory firms including Deutsche Bank, Merrill Lynch, AIG, and JPMorgan, many of which utilize DarcMatter to source new and exciting investment opportunities according to Darcmatter company.
Our review:
Our Rating
Overall Score: 8/10
Darcmatter is an innovative project and they are trying to bring revolution in financial services sector which is facing currently lots of existing real word problems. Darcmatter also has a very strong team with good experience in various top 100 fortune companies. DarcMatter’s co-founders are Sang Lee and Natasha Bansgopaul. Sang is the CEO and a keen advocate of regulatory changes in fintech. Bansgopaul, the company’s chief operating officer, has more than a decade’s experience in leadership roles at companies in the Fortune 50 and Fortune 100, including a corporate role at PepsiCo. The team’s CTO, Stan Solodkyy has over 14 years of software experience, ranging from financial institution integration with SWIFT, to web development with European banks. And their strong point is also their token metrics and advisors. Whitepaper has every detail of their platform including well-explained technical details.
DM Coin (DMC) will be used for a permissioned blockchain, and will use systems that run natively on the NEM blockchain.
References
Think Advisor. 2018. Financial Advisors Are Bullish on Alternative Investments: iCapital. [ONLINE] Available at: https://www.thinkadvisor.com/2018/06/14/financial-advisors-are-bullish-on-alternative-inve/?slreturn=20180514213944. [Accessed 15 June 2018].
Willis Towers Watson. 2017. The unstoppable rise of alternatives. [ONLINE] Available at: https://www.willistowerswatson.com/en/press/2017/07/The-unstoppable-rise-of-alternatives. [Accessed 15 June 2018].
Economic Times. 2016. Alternative investment has grown 5-fold in 2 years. [ONLINE] Available at: https://economictimes.indiatimes.com/markets/expert-view/alternative-investment-has-grown-5-fold-in-2-years-jo-murphy/articleshow/54805934.cms. [Accessed 15 June 2018].
More information
Website: https://dmc.darcmatter.com/
Whitepaper (EN) : https://www.dropbox.com/sh/fbhm6pgmbp5ktn6/AACK1_QfUEdlmm46ob_2fyE-a?dl=0&preview=DMC_Whitepaper+(v2.5)_EN.pdf
Facebook: https://www.facebook.com/pg/darcmatterHQ
Twitter: https://twitter.com/DM_Coin
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