The main business policy of LokumFinance is blockchain. LokumFinance uses automated market making (AMM) which is an application of decentralized Finance (DeFi) to exchange tokens, providing liquidity via farming and earning fees in return.
Blockchain could become a force anywhere trading occurs, trust is at a premium, and people need protection from identity theft.
Using blockchain gives LokumFinance the ability to track a product’s route from its origin, through each stop it makes, and finally its delivery. If a product is found to be contaminated then it can be traced all the way back through each stop to its origin. Not only that, LokumFinance can also now see everything else it may have come in contact with, allowing the identification of the problem to occur far sooner, potentially saving lives. This is one example of blockchains in practice, but there are many other forms of blockchain implementation.
Using Crypto Currency
In LokumFinance wallets for savings accounts or as a means of payment is especially profound for those who have no state identification. Some countries may be war-torn or have governments that lack any real infrastructure to provide identification. Citizens of such countries may not have access to savings or brokerage accounts and therefore, no way to safely store wealth.
In LokumFinance an expensive work of art changes hands. Neither the buyer nor the seller is named publicly, but the exchange is verified, the provenance of the painting travels with it, and the artwork is automatically insured against theft.
Strategy
One of the key advantages of LokumFinance is that it is helping reduce friction between parties involved in the exchange of information. Blockchain business processes are increasingly gaining traction in part because the technology is assisting streamline various operations.
The digital ledger technology elevates the level of LokumFinance network in two ways. First, it enables easy recording of transaction history that have taken place in an entire business network. Transactions in any chain are provable and immutable thereby allowing people to have confidence on data a chain.
The technology also ensures business of LokumFinance logic in a network by including all the roles and responsibility of people involved in a transaction. The use of smart contracts, for instance, dictates how parties are going to work with one another, such contracts also ensure that people involved in transaction play by the rules all the time.
A voting machine records votes in a frontier country known for past political corruption. Though there is no central government repository, each vote is tagged to an individual with no duplication. The individual identities remain anonymous, and the results of the election are undisputed.
A consortium of banks gain market share by settling trades in real time (instead of waiting three days for the trade to clear) and underwriting loans in a day (instead of waiting two weeks), all with minimal risk. The same banks also start to execute same-day currency trades at optimal exchange rates, spending a fraction of the costs required in the past. All of these transactions are tracked and statistics are kept, so that governments are aware of the movement of capital across their borders, and activity is monitored for patterns that might indicate money laundering. But the identity of the individual traders or purchasers is untraceable.
The name of the technology that could make all this happen is blockchain. Originally the formal name of the tracking database underlying the digital currency that uses software algorithms to record transactions with reliability and anonymity.
However, LokumFinance developed a long-term plan based on the results of the first prototypes. Select a few long-range goals, increased revenue, better compliance, cost reductions, quality improvements and agree upon them. Create a road map for scaling up in a measurable, achievable, and worthwhile way.
Choosing the right business model solely depends on the nature of the business and what the business wants to do. There is no particular rule or condition for how a business model must function. Blockchain business and DeFi can be a combination of different ideas and enterprises can customize it according to the needs of LukomFinances businesses.
Learn more about the project:
Website : https://lokum.finance
Whitepaper : https://docs.lokum.finance
Telegram : https://t.me/lokumswapfinance
Twitter: https://twitter.com/FinanceLokum
Medium : https://lokumswap-finance.medium.com
Authorship
BitcoinTalk username : rudyjavon
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1775685
BSC Address: 0xdD06362dA2952c3717B10eA2AA59571EDc802098