Selasa, 23 November 2021

SEEDON

SEEDON

As technology and businesses emerge in the financial sector, Blockchain has gained more and more attention when it comes to safe and immutable transactions. Why choose blockchain instead of a traditional application database? Well, a business’s most valuable asset is information. The faster this information is being delivered and the more accurate it is, the more value it brings to the company. Blockchain is the most preferred choice nowadays for delivering and storing information as it is fast, shared, completely transparent, and immutable.

 

The key elements that make blockchain such a desirable technology among companies are its distributed ledger technology, immutable records, and smart contracts.

The total number of financial institutions that adopt blockchain technology is growing year over year, but most of the attention goes to large projects launched by multinational institutions. One of the most overlooked industries when it comes to financial and human capital is crowdfunding, even though it holds significant potential for blockchain implementation.

 

As part of the development of a future version of SeedOn’s platform, we have planned to adopt IBM’s blockchain using the Hyperledger Fabric. A hybrid blockchain approach will be taken as IBM’s blockchain technology offers support for financial applications. This will facilitate permissioned and consortium blockchain iterations for greater control and scalability. Having these in place will lead to greater transparency due to increased trust embedded in iterations.

There is a case study being conducted on this topic by Dr. Sean Stein Smith, Assistant Professor at Lehman College, City University of New York.

 

“A common pain point for entrepreneurs and small business owners, especially from traditionally disenfranchised groups or aspiring entrepreneurs in developing economies, is that many of the incumbent sources of capital are controlled and monitored by a relatively small group of individuals or institutions. Blockchain, at the very core of the idea, is a decentralized and distributed way to store and share information between different network members, including the allocation of information and capital connected to potential business projects and initiatives. In addition to the potential lack of access to capital for many aspiring entrepreneurs and small business owners, the cost of raising capital and starting a new enterprise can be prohibitive when pursued through traditional factors.”

According to Dr. Sean Stein Smith.

As part of our solution, we want to merge the benefits of equity crowdfunding with the advantages that VCs (venture capitals) bring to the table. SeedOn aims to return the authority and decision-making to the entrepreneur, but also have investors involved in the evolution of the startup. Having a large community of investors may act as a large pool of funds for managed investments, so that startups will get financed in a quick and efficient manner, starting the project’s implementation as soon as possible. This will benefit both parties as it offers startups the opportunity of a high-growth rate.

 

Link to Dr. Sean Stein Smith’s study as part of IBM’s blog source: https://www.ibm.com/blogs/blockchain/2019/09/blockchains-potential-to-revolutionize-crowdfunding/.

 

SEEDON TOKEN DETAILS

  • Name: SeedOn
  • Symbol: SEON
  • Decimals: 18
  • Contract Address: 0x7672843c25c5ba11191da8da40c0881d7e77d9e0

 

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Author

Bitcointalk Username: Ayu Kadek Devie
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2850983
Telegram Username: https://t.me/AyuKadekDevie
Wallet: 0xdEc2FFBD99750d3d22922Eb324D01c3d9B7D1a9A

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