Fusion, Fundamentally.
Fusion $FSN
MarketCap: $28 million
TotalSupply: 57,344,000
CircSupply: 29,704,800
FSN token: $0.94 ($2.06 at ICO Feb 2018)
Traded on: Bitfinex, Bibox and Hotbit.
Fusion is an interoperability blockchain, focused on the finance infrastructure for the next generation of the finance market. Fusion wants to bring off-chain values on chain, by tokenizing off-chain assets as on-chain tokens and making them execute and transact within smart contracts. The FSN token is the gas to support the smart financial contracts running on Fusion.
Fusion wants to be the link between the financial sector of today, to the future of finance on the blockchain. Their platform is available in 12 languages and they they have several areas of development including Multi-Triggering Smart Contracts, Multiple Asset Cross-Asset Smart Contracts, Asset Mapping with Lock-In Lock-Out (LILO), and Time Control Time-Lock.
However, the main technology is the Distributed Control Rights Management System (DCRM). It is a patented technology module that enables users to lock-in and lock-out multiple assets across blockchains on the Fusion blockchain without surrendering private keys. Using the Fusion universal short account number (USAN), multi-token digital asset management is simple and secure. Fusion is targeted toward all current finance institutions and consumers and can facilitate cryptofinance as it develops in the coming years.
The whitepaper is extensive and with great detail it outlines the concepts thoroughly. Longer then many whitepapers, it was able to address any questions about the technology and how it is expected to work. There was also an “Executive Summary” that offered a three page simple breakdown of what fusion is and how it will work, without the technical details. Fusion Whitepaper: https://docs.wixstatic.com/ugd/76b9ac_be5c61ff0e3048b3a21456223d542687.pdf
Fusion wants to solve the interoperability issue by establishing a platform-level public chain which can connect all kinds of values, provide complete financial functions, communicate between multiple communities and tokens, and bridge centralized and decentralized organizations to bring the Internet of Values as early as possible.
Today’s endeavors are primarily focused on enhancing current financial institutions’ internal systems with blockchain technology. If we define all of the financial activities on the Internet of Values as cryptofinance, current cryptocurrencies have only achieved limited functions of a complete cryptofinance ecosystem.
Fusion does not want to bring the blockchain into the current financial structures, but instead wants to bring them onto the Fusion blockchain where the whole of cryptofinance can continue to grow in a more organic blockchain based environment. Fusion wants to create an inclusive cryptofinancial platform by providing cross-chain, cross-organization and cross-datasource smart contracts that solve the 3 main problems the Internet of Values has:
1. Scalability
2. Interoperability
3. Usability
In this profile we have only just scratched the surface of the technical capabilities and how truly far reaching Fusion’s vision for the future of cryptofinance actually is. The lengthy whitepaper and numerous reviews, interviews and summaries available on Fusion will help present the enormous vision for anyone who is interested in more. https://www.fusion.org/
Fusion is an inclusive financial ecosystem
Competitively, there are several blockchain projects doing similar things but none trying to solve these problems in one ecosystem like Fusion.
Early on in development, the founder, DJ Qian, claimed to have created QTUM and Vechain but both projects denied his affiliation outright. There is however, evidence available that shows he was in fact a part of both companies. The drama lost its fire and faded away as production and personalities developed separately through out 2018.
The Roadmap
The roadmap has been removed as so many projects have done this year.
“Roadmap: The team discussed the topic of a new roadmap. DJ weighed in with his views, “The roadmap is quite simple. First its DCRM 3.0, then it’s StageNet. Once the StageNet has been thoroughly tested, the MainNet launches.” Others from the leadership team made the case to retire the roadmap since the business has matured beyond the ICO stage. -October 2018 Fusion Company Update
The last reported roadmap had several timelines missed including a MainNet before Q4. The old white paper roadmap was outlined like this:
Q4 of 2018
(1) Continue to improve and perfect the core code;
(2) Continue to promote core communities and research;
(3) Promote the standardization of the interface of the chain with centralized organizations;
(4) Promote the off-chain data to communicate with the main chain, especially identity information;
(5) Complete the interfaces with the important centralized organizations;
(6) Continue to complete the development of various ecosystem tools.
After 2018
After 2018, according to the operations in 2017 and 2018, we will further iterate products and continuously promote the construction of the inclusive cryptofinance platform to make it be one of the most important inventions to help people improve financial efficiency in the era of the Internet of Values.
Current (Nov2018) Update:
DCRM 3.0 is complete
Fusion is launching what they are calling a “StageNet” which is their version of a TestNet before the end of 2018. It was named “StageNet” because it is setting the stage for the MainNet with a full product launch as an ERC20 that will be transitioned to the Fusion Blockchain after any bugs are worked out. In an interview dated mid Novmeber DJ mentioned some information reporting that there may even be Staking Rewards fully operational with the launch of the “StageNet”.
If successful and minimal bugs are found this would be one of the first projects to successfully transition from concept to full ecosystem in this way. “StageNet” has been announced: Fundy Fire: Fusion Update!
The Team:
DJ Qian –CEO — Founder of BitSE, created QTUM, VeChain — Founder of Kernal Blockchain Technologies — IBM regional branch general manager/client unit executive — Bachelor of Computer Science, Fudan University
-Andre Cronje
Head of Innovation and Technology — Chief Code Reviewer, CryptoBriefing — Blockchain Infrastructure Engineer at CryptoCurve — Head of Technology at The Shoprite Group of Companies — CTO, International Mobile Protection Initiative — LLB, Law, Stellenbosch University, South Africa
-Bret Schlussman
Chief Technology Officer — Chief Blockchain Architect Payplus AG — CTO & co-founder mibi, Inc. — Advisory Board member CUNY Institute for Software Design and Development — President Netlogic Inc. — CEO qbt — BS International Affairs/ Magna Cum Laude
-Guochang Xu
Technology Director — Founder of Guangdong Linux Center — OS Project Leader of National Science Technology Major Project — Mast of Software Engineering, Fudan University
-Fusion has more then 35 employees.
Trade Crypto Live Sentiment:
Trade Crypto Live is always interested in the leading edge, new technology and ideas, and even in exploring the unknown but we always assess our risk first.
Earlier in the year Fusion has just begun and when we first checked, they had just two repositories on their github (tokensale and whitepaper) but this has grown significantly over the last 3–6 months. We did see that they had all the ingredients to bring their ideas and concepts to life but the FUD around DJ Quan and lack of obvious development left us cautious.
Fusion is a complete ecosystem with some leading edge blockchain technology that will need to be proven, but it appears to be ready to shake up the world of finance in a big way.
We were cautiously optimistic about Fusion early on but are pleased with the progress and potential of the technology. The team and project has matured and more clearly built a foundation for its platform.
It is safe to say that TCL will now be following Fusion very closely.
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