FAB Use Cases: the decentralized blockchain exchange in 2019
In this series, we tackle different potential use cases of Fast Access Blockchain and how we can build a better world through our solutions.
New Applications, New Business Models, New Possibilities
Applications which are an ideal fit for blockchain technology have the following characteristics:
- Involve multiple organizations
- Where trust is key, or trust is presently severely eroded
- Proof is key
- Involve exchange/transfer of assets or value
- Involve data sharing or presently suffers from silo’d data
- Benefit from micro transactions/streaming
- Have opportunities for new business models, products or services
Connect with FAB and build your Dapp on FAB.
One of the most important use cases is the decentralized exchange that builds on a blockchain. By using a decentralized exchange, you can transfer and track all your transactions on Chain. No other third parties can change the data once it is being proceeded by the network. Once the order is been created, the smart contract will execute and finish the digital asset transfer. You can always review your transactions histories by checking the transaction record at the chain explorer (FAB explore).
Let’s take the eXchangily decentralized exchange as an example. eXchangily is not only a distributed order book, where you can trade digital assets end-to-end, but also an efficient payment gateway for you to easily exchange cryptocurrencies within your wallet. Nowadays, in 2019, you can also trade your cryptocurrencies inside your decentralized Wallet. The decentralized wallet stores the wallet’s private key on your local mobile device. Compare with the centralized exchanges like Binance, Coinbase, Huobi, Okex, etc. The decentralized exchange is hard to get hacked since the transaction is proceed from end-to-end and no centralized party has excessive control over all users assets. A decentralized exchange like eXchangily gives users/investors 100% control power over their own digital assets. Therefore, it ensured the safety of their assets by holding their own private key and data. It is like investors holding their key to the home.
The eXchangily is powered by FAB public infrastructure that everybody has the same right to join the network and earn profit by contributing to the network.
eXchangily will soon launch its Testnet version next month (end of July 2019). After doing intensive testing, eXchangily can successfully transfer their digital assets within their decentralized wallet.
How to register eXchangily and join our July testing?
Visit https://exchangily.com/login/signup Or send an email request to sarah@fabcoin.co
- what you will get from the Testnet version?
How does eXchangily work?
