Blockchain platforms such as Ethereum, Cardano, RippleNet, Monero, Dash, Litecoin, Stellar, Tron, etc. Has their own on-platform Tokens that are rapidly evolving as alternative currencies.
Since the deployment of the Bitcoin Blockchain in 2008 during the financial crisis, many negative perceptions surrounding leading Crypto and other Altcoins have paved the way for adoption.
As a result, a strong Crypto economy controlled by Crypto whales and retail traders trading among themselves on Crypto exchanges takes place as virtual currencies are increasingly bought for investment purposes.
Cryptos Challenges Mainstream Financial Products
In December 2018, Bitcoin rose to $ 20,075 at one point while most other Cryptos like ETH also grew to unfathomable highs. However, a long period of a bearish run kicked in almost 2018 which elicited debated with investors and other financial experts about the true / true value of Cryptocurrencies.
However, in 2019, the cycle has changed and the whole year has been bullish with most Cryptos getting about 100% of their lowest points by the end of 2018. For this consideration, retail and institutions like Goldman Sachs are touring the Crypto business to benefit from the vast opportunities that the Digital economy delivers.
DLT is a Moderation of Real Estate Transactions
The real estate industry is the best investment option for private equity funds. Investors rely on third-party companies under management for fund managers to increase their net wealth by managing their savings on high net return assets.
Blockchain in real estate transactions
In the real estate area, Blockchain technology can allow real estate developers to meet directly with investors to avoid fund managers and other investment companies. Platforms that support DLT are trusted as they are controlled by protocols such as authorization, proof of employment, and even proof of authorization in addition to the smart contracts that govern the agreement on the platforms.
Blockchain Technology Is Reducing Operational Cost For Enterprises
Oliver Wyman, a global financial services business, estimates that IT operations cost businesses up to $ 150 billion a year later passed on to consumers in the form of fees.
Blockchain technology can enable businesses to bypass IT service providers and directly link their clients. This can reduce operating costs and make services more expensive on the part of clients.
Additionally, Blockchain technology is clear as data is recorded in immovable records. Thus, if business charges are passed on to consumers, all parties can see these costs in a public ecosystem.
Provides Networks to Eliminate Fraud in the Investment Sector
According to a Forbes report, Distributed Ledger Technology systems store data in records secured in Blocks that make up the entire Blockchain. Records of contracts are immutable and the evidence of trade is verifiable, and accessible to an unauthorized ecosystem.
This technology, therefore, can reduce fraud and other illegal activities prevalent in the secret and centralized investment sector. At this point, this is addressed by compliance where Cryptocurrency investment platforms are strictly in compliance with KYC and AML.
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