Atomflow is an architecture for generating and reflecting economic value through enabling technologies. It does so in three ways:
1. empowering decentralised value creation,
2. enabling rapid creation of efficient value chains, and
3. optimising existing value chains.
The term “architecture” may seem odd, but it is an accurate description of what Atomflow is. It is composed of multiple layers that can be utilised separately or combined to handle information propagation, transactions, security, intelligence and optimisation in a decentralised fashion. This is the one facet of Atomflow we focus on in this article.
Whilst Atomflow itself implements the mechanics needed for a decentralised infrastructure for executing peer-to-peer transactions and direct exchanges, it also provides the needed mechanics for platforms and services to be built on top and to utilise the full scale of its underlying capabilities. Moreover, the architecture enables networks and chains to be built on top as well, for example, building blockchains and decentralised ledgers on Atomflow. All these services, chains and networks (we call them crates) are able to interact, communicate and exchange. This, in effect, solves the ever recurring connectivity problems and the need for clever and difficult to attain strategies for atomic swaps between different networks and chains. Crates are general-purpose and computationally efficient. We will defer the details of this topic to another article in order to focus on economic value creation.
Enabling these services in its own right is a huge potential to create, facilitate and reflect economic value. However, this is also where Atomflow differences from mainstream blockchains become evident. A unique part of the Atomflow ecosystem is Ely.zone, a platform for direct-channels business, commerce and finance, which automates, consolidates and optimises business and financial processes in various value chains outside of any single organisation.
Ely.zone employs Atomflow to provide its underlying mechanics, computational and communication requirements in efficient, scalable and cost-effective manner. Ely.zone itself is the first of its kind intelligent digital supply network capable of removing fragmentation and business barriers.
Atomflow employs two mediums of exchange and value stores, Ely and Okean. Our focus in this article is Ely. Ely is designed for commerce, trade, payments and settlements. Ely.zone employs fiat currencies as well as Ely to handle transactions. Users can choose to use Ely or other currencies to conduct business. However, there are certain benefits to using Ely, including but not limited to, reduced cost and near-instant transactions.
It should be clear how different Atomflow’s business model is from speculative cryptocurrencies trading or excessive — and in many cases centralised — mining and transaction fees.
The architecture and services built on top enable streamlined business creation, optimised commercial and personal dealings, efficient market information propagation and building new technologies, business models and information flows. These technologies, business models and flows are capable of establishing innovative and efficient decentralised ways to conduct business, develop society and create real-world economic value. That is, Atomflow integrates value chains across innovative technologies, cryptocurrencies and conventional business and financial sphere to create intrinsic economic value and decentralise the ability to create and access economic opportunities.
This article was originally published on the Atomflow Blog.
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