EdenChain: A Blockchain Approach to Asset Trading through Programma...

We are in a technologically-advanced age and for generations to come; the 21st Century will always be remembered as a century that added great innovative inputs that dramatically changed the world.

We are all users of technology; at least, you have a phone which is a technological initiative. Just as our smartphones and the Internet have become integral parts of our daily lives, so is the blockchain technology. We are witnesses to the great propensity and positive prospects the blockchain technology has provided us with.

Though fully operational, the blockchain technology at a point needs additional inputs and this birthed the Programmable Economy. The Programmable Economy came into being to capitalize on specific values on the blockchain technology with a view to eliminate the use of middlemen in business.

The traditional business model we operate often integrates middlemen and in a higher outlook, drop shippers who help business platforms sell their products. To some extent, this business approach seems good but from a financial and more concise perceptive, its downsides are many.

The Middleman Business Approach
For facilitated sales and marketability of their products, most businesses employ the use of middlemen to achieve their target. These middlemen help in the sales of products and in return, they receive certain commissions for their services. From another perceptive, middlemen provide extra information on their marketed products and this aids the customer/consumer make informed decisions.

An Upgrade in trading
With the problems associated with the middlemen approach such as high commission rates, there was need for a different perceptive for product marketability. The best solution to that was the introduction of Programmable Economy.

The Programmable Economy concept aimed at eliminating middlemen dependability for product marketability. The initiative achieved relative success in areas of cost-effective as there are no middlemen to pay for their services. Also, profit distribution became possible as most business profit will no more be at the sole disposal of middlemen and from another perceptive, the Programmable Economy initiative enabled the creation of a new market approach.

The new market approach created by Programmable Economy platform allows you trade on domestic and foreign materials. This approach has huge potentials and profitability as profit generated from the business belongs solely to the user/business and not shared with middlemen.

The Programmable Economy platform also serves as a connector and matchmaker by linking both sellers and buyers for easy and middlemen-free transactions. The interesting aspect is that users on the platform will have revenue in full as opposed to the traditional method of shared revenue with middlemen.

The Programmable Economy Platform also simplified the trading process as participants can register and trade tokenized assets on the blockchain technology.

A New Approach to Programmable Economy
As technology continues to evolve, new concepts and initiatives are been implemented. The most utilized of technological innovations is the blockchain technology and has since its inception, played host to other platforms that sought its utilization.

We now have a whole new perceptive to the Programmable Economy as EdenChain hits the blockchain technology. You won’t be wrong to question the initiative behind EdenChain. EdenChain is an elevation of the Programmable Economy system.

EdenChain is a blockchain-based Programmable Economy Platform that aims at providing its users with a higher processing speed than what was obtainable in the current Programmable Economy platform. It aims at achieving this by utilizing automated services such as Smart Contracts and also has security as it watchword.

Why should EdenChain be trusted?
As productive as it is, the Programmable Economy Platform still has challenges that bedevils its functionality. The Smart Contract platform of the Programmable Economy was meant to protect users’ data but it still has some hindrances such as the performance issue that arose as a result of the scalability problem that faces the blockchain technology when executing the Smart Contract.

EdenChain banked on these problems which mainly centered on scalability and performance of the blockchain technology. To eradicate trust issues and security concerns in the traditional Programmable Economy, EdenChain developed and integrated the Median Voter Theorem (MVT) which is responsible for data encryption and also prevents hacks on the platform.

EdenChain fully utilizes the Smart Contract platform for capitalization and subsequent tokenization of tangible and intangible assets. Hence, the EdenChain Programmable Economy aims at solving most technical issues in the traditional Programmable Economy such as Scalability, Performance, as well providing maximum security by encrypting data.

To ensure the success of its program, EdenChain utilizes three-layer architecture:
• Distributed Ledger Layer: This is responsible for data storage on the blockchain and it only welcomes data that have been processed in the Validation Layer.

• Validation Layer: This layer is responsible for transaction processing. Transactions are verified and executed here through a Smart Contract processed EVM.

• Bridge Layer: Finally we have the bridge layer that is used in conjunction with the off-chain processing in secure data importation for a facilitated on-chain Smart Contract processing.

BENEFITS
There are many prospects that EdenChain brings our way and some of them are:
• Optimal capacity
• Maximum security
• High performance
• Efficiency and scalability
• Hardware and Software protection
• Secured Interoperability

Token Details
Ticker: EDN
Total Tokens: 1,000,000,000 EDN

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