Multiversum is a fourth generation blockchain aimed at developing a product utilizable by businesses. Its traits include high transactions per second fulfillment, safe-guards against human error, interoperability with other blockchains, and advanced handling of data.

Read on to learn about its strengths.

Part 1: Multiversum SWOT Analysis

I will be analyzing Multiverum’s strengths, weaknesses, opportunities, and threats. SWOT analysis sheds light on the potential of a project.

Multiverse is fulfilling the offers of transparency and security that are offered by any other blockchain. But the key benefit this blockchain holds is that it is friendly.

Human Friendly

Multiversum allows other coins and tokens to flow in-chain and this means errors in transfer won’t lead to complete loss of currencies. Given the massive amounts of human-created transactions that take place in any business, financial institutions have utilized tested mechanisms to ensure no money is lost or incorrectly allocated in a transaction. Such mechanisms are yet to be placed in crypto transfers as an address is typed and a transfer is made. Multiversum is paving the first steps to make blockchain human friendly.

Additionally, Multiversum’s team is developing a multicurrency wallet. The primary needs of any company’s labor force is to have convenience in utilizing their technology. The present state of crypto requires the need of many wallets; this need is waived. Moreover, currently passwords need to be secured but inevitably there can be a loss of password. Multiversum offers an intuitive solution as biometric log-ins waive the need for password storage

Business Friendly

Multiversum is aligning its product with the primary need of modern businesses: data utilization. Surely Multiversum is fast and transparent, but that has been established. Multiversum’s main competitive edge in respect to business utility is that its divisible chains allow for an advanced organization of data which matches the needs of modern enterprise operations.

Summing Up: Multiverse is stemming away from the raw technology aspect of a blockchain and making it a more utility-ended product. This blockchain is friendly to the operational needs of businesses and to the people who will be using it.

Multiverse is entering a highly competitive market as ICOs have led to an avalanche of new blockchain projects. Teams can easily raise funds to develop the technology they want.

Multiversum is easily the new-age blockchain and it is offering many benefits but a major weakness of being in a dense market is that plenty of other products, even the ones that are far inferior, are competing to spread awareness. Multiversum will need to expense valuable dollars from its initial pool to build market penetration.

However, given that this product easily stands out, and that it is primarily targeting institutions, it’d have a limited target pool and will be able to garner interest with its competitive edges. The initial return on marketing investment should be sufficient to finance future marketing camapigns.

The tech sector has grown at an astounding rate. Today, businesses utilize SaaS and apps for myriad purposes to increase the efficiency and convenience in their operations. Multiversum is a technological offering, but it’s entering the market when the demand for technology is already ripe.

The path has been paved by initial technology companies who have already convinced all industries that technology will boost their functioning. Today, businesses seek the next big thing: blockchain fits that need. While other blockchains have focused on the functionality benefits, businesses have not adopted them at a major level.

Multiversum rightfully declares that it is here to stay as it is the blockchain aimed at adoption by institutions by fulfilling the needs of scalability, flexibility, and security—security not just against fraud and theft, but also against human error.

The market is open for Multiversum and its target audience seeks a blockchain, but they have not found one that meshes with their needs. The kairotic power of Multiversum stands out: its offering the specific benefits most in demand at present.

Ambition is a powerful force and it drives entrepreneurs forward. Ambitious teams are common in the crypto field and they have stated large goals and have achieved them. Multiversum, similarly, is stating very high aims as its aiming to revolutionize many aspects of blockchain technology.

Multiversum’s is creating an entire new blockchain and, on top of that, is aiming to develop the most advanced crypto wallet which it titles as the ERC-23 Multicurrency Wallet. Down the line, the team also plans an extension exchange and an extension app system Multicoin. This may seem like the team’s ambition may lead them to spreading their resources a bit thin.

However, there’s a major redeeming factor. Each additional aspect is only added atop the plan to develop the blockchain if the project meets higher hard caps. This shows the actually does understand the breadth of its ambition and knows what is feasible with specific levels of funding.

Multiversum Essential Links

🌐 Website: https://www.multiversum.io/
💡 Whitepaper: https://www.multiversum.io/whitepaper/multiversum_eng_wp.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2955830.0
💻 Telegram: https://t.me/MultiversumOfficial

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