Actually, Blockchain is the most scalable and user-centric technology
Very often, we hear that DLT such as Blockchain are not scalable enough to deal with the load of data a mass adoption would require; nor user-centric as they provide unfamiliar processes such as ownership and responsibility over private keys or irreversibility of transactions. While this statement remains true, if we slightly change the angle, we could say that Blockchain enables scalability and user-centricity, and a paradigm shift in user-experience.
User-centric
In the centralized world we live in, borders are complicated to overpass. If I am using my centralized Revolut application, I cannot access to Robinhood offering, unless I am opening an account with Robinhood; and then I would need to send money from Revolut to Robinhood. These two fintech applications deliver a great value to their users; but since they cannot be used within one account and do not communicate with each other, they force users to open two accounts and have the two applications.
And, since there are dozens of applications that worth being used, and that potentially hundreds more will be fighting for their place in the market, it will be merely impossible to derive value from all of them easily. It will require thousands of deposit, login, transfers, etc.
If these applications were decentralized, they would be accessible through one single account. Thus, it would allow to access the Revolut payment features, the Robinhood stocks offering or the acorns savings capacities, from a single acount. This is how decentralized ledger technologies enable a user-centric approach, by allowing to access everything from a single wallet.
Therefore, it is possible to rebuild a financial ecosystem around users, enabling great access of their funds and being able to juggle between applications with ease. Financial markets, products and services become applications or extentsion of users wallet, that no longer require to open a new account or an extra login. In a way, it is like using the “connect with Facebook” features; in our case it would be “login with your wallet”, a single account, from where you access thousands of possibilities and value propositions. This common account would enable an interoperability which is not possible with centralized applications.
Scalability
As any application can connect to the user’s account and does not need a specific architecture or even additionnal code, an ecosystem leveraging from decentralization is immensely scalable in the sense that it can allow any application to be plugged seamlessly into the user’s account.
Therefore, each day, hundreds of new Dapps are released and can be accessed immediately and easily. From a decentralized exchange to a decentralized poker application, to a decentralized funds, these value proposition can be delivered in one click to the user’s account. Imagine a world where every Fintech solution’s value proposition could be accessed from a single account immediately after they have been launched.
It fosters a collaborative genius and partnerships. It allows teams to build communities and user interfaces to deliver the best user-experience for their Dapps, without spending time trying to make them compatible with wallets and others Dapps.
Jarvis, a plug-n-play financial hub
Leveraging from Decentralized Ledger Technologies, Artificial Intelligence, Big Data and open APIs, Jarvis allows users to build their own “plug-n-play” financial ecosytem from their wallet. In one click, they access multiple Apps and Dapps and get exposure to several financial market. It offers a more scalable and empowering solution than any centralized application could, as it is the joint value of thousands or creators worldwide, all working toward the same goal.
It allows an infinite expandable system where ideas are combined; from MelonPort to Multi-token, from Tottle to EthLend, all of these great ideas combined seamlessly into a single app. You need to replace Acorns? Zopa? Coinbase? Revolut? Decentralized applications get you covered!
Pascal.
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⛔ Risk Warning: Investing in digital financial assets involves a high degree of risk and volatility and is not suitable for all investors; do not risk more money than you can afford to lose. Please consult an independent professional financial or legal advisor to make sure the product is right for you.
⛔ Disclaimer: This article contains text, data, graphics, photographs, illustrations and information (“Information”) connected with Jarvis International and/or other entities part of the Jarvis group ( “Jarvis”). Jarvis attempts to ensure Information is accurate, however Information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The publication of this article does not represent solicitation by Jarvis of buying the token “Jarvis Reward Token” and is not to be considered as a recommendation by Jarvis as to the suitability of any investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. Jarvis accepts no liability for the results of any action taken on the basis of the Information.
