AssetStream — A Preeminent Worldwide Microfinance Platform (the Beginning Part)
Nowadays, an increasing number of people are concerned about whether or not Blockchain technology could be applied to other sections. The concern is legitimate because most of us think that Blockchain technology is only for Cryptocurrency. To answer the concern, I have searched the information on the Internet for many hours and the answer seems to be clear. In my view, AssetStream applied Blockchain technology to create a preeminent worldwide microfinance platform.
Firstly, let’s find out what is AssetStream!? AssetStream is a decentralized Peer-to-Peer (P2P) microfinance platform based upon Blockchain technology which is the key value of 4.0 revolution. However, in order to know about the importance of what AssetStream is going to do, “microfinance” terminology should be made clear. Microfinance means that financial services aimed for individuals and small businesses who are unable to approach standard banking services. Therefore, microcredit, the giving of tiny loans to poor people, microinsurance, the provision of savings and checking accounts to clients who cannot prove financial ability with banks, and the providing of suitable payment systems are implied by microfinance. The project focuses on a flawless market for the P2P Lending Platform where every user will have enough information to make secured and transparent transactions (loan and lending) anywhere. It can see that AssetStream will make a no small contribution to global finance.
Secondly, AssetStream issues AssetStream token (AST) based on Stellar platform which is known as one of top platforms in the cryptocurrency world. This point may be the impressive and different with most of other projects. Some advantages for Stellar have been mentioned through media like fast trading, low transaction cost, anti-spam, etc. AssetStream clearly has effective and particular steps, from the usage of technology to bussiness models. Besides, it is necessary to bear in mind that the project uses Utility token, what makes this type of token special is that the company guarantee access right to their product or service in the future. In the other hands, Utility token is organization coupon which connect closely with the development of the company. Honestly, I believe that AssetStream is advancing yet further.
We have learned about what are AssetStream and its token, and these are not enough to describe how big the project is. Next part, I will tell you more details, and explain why this is excellent project as well as how it works. Thanks for paying attention to my first article about AssetStream, if you are keen on the project, please visit their web page, you may figure out some interesting things.
