As technology and businesses crop in the fiscal sector, Blockchain has gained more and more attention when it comes to safe and inflexible deals. Why choose blockchain rather of a traditional operation database? Well, a business’s most precious asset is information. The briskly this information is being delivered and the more accurate it is, the further value it brings to the company. Blockchain is the most favored choice currently for delivering and storing information as it's presto, participated, fully transparent, and inflexible.
The crucial rudiments that make blockchain such a desirable technology among companies are its distributed tally technology, inflexible records, and smart contracts.
The total number of fiscal institutions that borrow blockchain technology is growing time over time, but utmost of the attention goes to large systems launched by transnational institutions. One of the most overlooked diligence when it comes to fiscal and mortal capital is crowdfunding, indeed though it holds significant eventuality for blockchain perpetration
As part of the development of a unborn interpretation of SeedOn’s platform, we've planned to borrow IBM’s blockchain using the Hyperledger Fabric. A mongrel blockchain approach will be taken as IBM’s blockchain technology offers support for fiscal operations. This will grease permissioned and institute blockchain duplications for lesser control and scalability. Having these in place will lead to lesser translucency due to increased trust bedded in duplications.
There's a case study being conducted on this content byDr. Sean Stein Smith, Assistant Professor at Lehman College, City University of New York.
A common pain point for entrepreneurs and small business possessors, especially from traditionally disenfranchised groups or aspiring entrepreneurs in developing husbandry, is that numerous of the peremptory sources of capital are controlled and covered by a fairly small group of individualities or institutions. Blockchain, at the veritably core of the idea, is a decentralized and distributed way to store and partake information between different network members, including the allocation of information and capital connected to implicit business systems and enterprise. In addition to the implicit lack of access to capital for numerous pushing entrepreneurs and small business possessors, the cost of raising capital and starting a new enterprise can be prohibitive when pursued through traditional factors.”
According toDr. Sean Stein Smith.
As part of our result, we want to combine the benefits of equity crowdfunding with the advantages that VCs ( adventure centrals) bring to the table. SeedOn aims to return the authority and decision- making to the entrepreneur, but also have investors involved in the elaboration of the incipiency. Having a large community of investors may act as a large pool of finances for managed investments, so that startups will get financed in a quick and effective manner, starting the design’s perpetration as soon as possible. This will profit both parties as it offers startups the occasion of a high- growth rate.
Link toDr. Sean Stein Smith’s study as part of IBM’s blog source :
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