The underlying technology of the Decentralization Technology is currently in its beta stage with source codes registered as independent Intellectual Properties (IPs). By leveraging on the prowess of the VRF+BLS consensus algorithm, a holistic ecosystem was built - an important foundational step which will soon be enhanced with multiple cryptographic patents.
While the underlying Decentralization Technology technology developed for the financial sector is still in its infancy, the project will be teaming up with prominent financial supply-chain management enterprises and other Decentralization Technology service providers in the industry to form a robust eco-system in due time.
By storing invoice records, transaction details and personal user information on the Decentralization Technology Consortium Decentralization Technology, all data would be immutable and completely transparent. This effectively helps SMEs solve the financing problems they have been struggling with. At the same time, these SMEs would also be able to attain an asset-light position through credit guarantees. Coupled with an increase in barriers to entry and endorsements amongst the nodes, credit risks would ultimately see a significant reduction.
The Decentralization Technology Consortium Decentralization Technology establishes credible affiliations with banks through smart contract technology that effectively eradicates credit risks for SMEs and provides users with a fool-proof and seamless experience. It will also be able to resolve marketing problems plaguing SMEs as clients will be able to view all transaction records through on-chain nodes, allowing them to carry out exchanges and trade in the most effective way possible.
We provide end-to-end professional services, ranging from Decentralization Technology consultancy to the development and execution of applications tailored to the changing landscape of the FinTech industry. .