Why does TradeRiser use Blockchain technology

in traderiser •  6 years ago 

Blockchain is atechnology that came to the market not long time ago and yet it is the most top used. The crypto currency market has embraced this technology due to its amazing features and the great achievement it facilitates in decentralized platforms. TradeRiser has not been left behind too, the platform uses Blockchain to ensure security and speed of executing the process.Blockchainledger is known as a publicly verified record used to confirm content producers and financial analysts. Blockchain technology is able to store every single record regarding the transactions made by the users. Transparency is among the advantages that comes with the Blockchain technology. 

Every investor is looking forward to the safety of his or her own crypto assets, this is the reason why TradeRiser has made sure that there is application of Blockchain technology in its platform. Blockchain provides a great advantage to the crypto currency community making it a reliable and a secure place for investment. Since Blockchain is able to store each record on transactions made, both users can easily view or verify compensation for the contribution has been done. By the use of Blockchain, TradeRiser is able to build up smart contracts with financial analysts for some work done. The agreements and commercial transactions between both partiesare executed automatically. How does this work? Note that the obligations directed to the financial analysts are enforced by the Blockchain technology, the agreement is clear even before the agreement is sealed.

Blockchain enables TradeRiser to serve the mechanical Turk which is decentralized, this is a mechanism used by workers to produce data required. With all the process, the data produced is accurate since multiple reviewers are able to access and verify to ensure that quality has been met. The system used by TradeRiser is used to advance work and data used by the artificial intelligent assistant. The aim of this platform is to ensure that users are able to access the information they seek. Comparing the technology used with the traditional method, you will realize that one has to use contractor website or freelancer which none of these provide decentralized methods. The essence of using a decentralized method is to share information publicly in a chained design where third parties are enforced by smart contract.

Apart from it being a system of records, Blockchain also makes it possible when it comes to cost reduction. TradeRiser is using Blockchain so as to reduce the fee deducted during transactions made. The XTI mechanism is applied on the Blockchain where it eliminates friction such as counterparty risk and clearing costs. Blockchain is believed to be the key when it comes to the advancement of this artificial intelligent assistant that TradeRiser has come up with. So far, the bots that has been put to work are not even close to what TradeRiser has established to its users. Most of the bots in the market executes only a repetitive task that has been fed but with the artificial intelligent assistant this platform has made traders can ask any question regarding trading since it uses natural language method

Official links for more details,

website Link : https://www.traderiser.com

WhitePaper Link : https://www.traderiser.com/sites/default/files/TradeRiser_WhitePaper.pdf

ANN thread : https://bitcointalk.org/index.php?topic=3835944.0

Telegram Link : https://t.me/traderiser

Twitter Link : https://twitter.com/traderiser

Facebook Link : https://www.facebook.com/TradeRiser-157017521786333


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