Inflr ICO is also a decentralized network. Read the following article to understand more about how decentralization works.
Blockchain cuts exorbitant rates and fees
Intermediary companies charge absurd amounts.
Be it YouTube, which devours half the revenue generated by advertisers, be it Airbnb, which charges renters and guests rates that reach 15%. If you are a content producer or someone who lives on real estate leasing, you will lose tens of thousands of dollars annually just by relying on an intermediary.
In a decentralized network everything is agreed directly between the parties, with the guarantee of the intelligent contracts, and made with the same currency of direct form. In addition to the intermediary we also save on rates for banks and credit cards and exchange rates.
Blockchain Encourages Transparency and Governance
We now have a clear and perennial record validated by thousands of people in your network.
The clear, decentralized and immutable nature with which the data is stored in the blockchain allows them to be audited by anyone. Such features encourage service providers to carry out their activities in an honest and transparent manner, since the information is instantly available to any contractor.
There is no need for trust between the two parties. Blockchain and smart contracts allow business to occur without there being any way to deceive parties. Frauds, scams and attempts to conduct improper conduct are easily detected.
Projects like Ethereum promote competitiveness and inclusion
The democratization of computing infrastructure is a revolution for all.
By financially encouraging users to provide computing power and memory for the network, a “big global computer” is created. Such infrastructure allows data storage and processing without the need for central servers. An inexpensive way to share and process information, files, videos and images quickly, cheaply and centrally.
In addition to the obvious threat to services like Google Drive and YouTube, we also make small businesses more competitive. There is no need to shell out a huge amount of money to maintain a central server that processes information. An unprecedented stimulus to competition between companies and scientific research.
The biggest challenge is to educate people about Blockchain and the legitimacy of cryptoactives.
The hegemony of the great players is with the days counted.
We already have decentralized competitors from almost any service. Whether it’s Estonian, based in Brazil, Paratii who promises to face YouTube and return power to the creator of content and pass on all revenue from advertisers to the producer of content, be the American Bee, which promises zero tariff in the home sharing market to directly connect the parts.
Practical examples of how Blockchain, and cryptoactive, benefit society as a whole is the first step towards a more transparent and competitive world. The future is decentralized.
Co-Author
Thiago Bittencourt, https://www.linkedin.com/in/thiago-bittencourt-gil/
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