INTRODUCTION
Blockchain technology can be applied to a wide array of online industry. Its application ranges from gaming technology, to finance, to streaming and even the betting industry. However even with the application of blockchain, these industries have faced a number of problems that range from user-issues to blanks in the security of their technology. Our focus however, is on the ways that blockchain has advanced to solve these issues in relation to the finance industry.
WHAT YOU NEED TO KNOW ABOUT VELIC
Velic is a cryptocurrency platform for finance organizations, asset investors and cryptocurrency traders. Velic allows its users to perform a wide range of cryptocurrency related processes, including; storage, trading, borrowing and management of cryptocurrency assets. Velic does all this while providing a secure platform for cryptocurrency exchange transactions and affordable fees, as well as low interest rates on their loans. All these services are however made available to only their registered users.
Velic’s services make provisions for some of the more serious problems faced by the crypto-financing industry including;
PROBLEMS FACED BY THE CRYPTO-FINANCE INDUSTRY
Lack of proper security
Without taking the safety of the users account into consideration, financing platforms have exposed and opened users account and their own servers to attacks from hackers and other cyber criminals. This may be due to lack of proper firewalls or storage of APK on cloud servers that can easily be accessed by hackers.
High risk caused by untrustworthy service providers
Due to practices like unnecessary hyping of products, ambiguity and frivolous practices by service providers, investors lack trust in the crypto-financing industry and this gives it a very high risk appearance which ultimately results in low investments or few high rise investors.
Lack of proper cryptocurrency vaults
Vaults provided by platforms are not suitable for industry grade storage of crypto-currency assets, rather, they make provisions for individuals and small time organizations without providing enough room for high end organizations and companies to store their crypto assets.
Lack of provision of proper services
Platforms provide only a number of services without giving users access to all the available services at once, this fragmentation causes the user to have to open multiple accounts on multiple platforms to get access to all available services which is a cause of inconvenience and stress to the user.
Lack of diversity in products
Crypto financing organizations provide unsophisticated products that are all similar to one another, this lack of diversity in products results in ambiguous prices. This lowers the potential of crypto currency products while also deterring investors due to lack of proper diversity.
SOLUTIONS PROVIDED BY VELIC
Secure platform for carrying out transactions
Velic provides a platform that prevents assets from going missing or getting stolen dye to it’s high end security protocol.
Proper risk management
Whilst providing investors with a platform that is trustworthy and transparent, Velic with the aid of its terms and conditions have minimizes risk factors for its users.
Provision of industry- grade cryptocurrency vaults
Investors are given access to industry grade crypto-currency vaults, which allow both individual investors and corporations to store their assets in well secured and low risk vaults.
Provision of proper services
Services provided by Velic are not limited to just a few, they provide a wide range of services that are usually divided among multiple crypto-financing organizations all in one platform.
Diversity in services provided
The services provided by Velic are not similar to other platforms, all services provided offer a diverse range and are inter related to one another but not the same.
CONCLUSION
Velic offers a platform that does not hide or filter the information offered to it’s investment, it also provides a Token generated by its platform. It’s organized and well designed platform has created yet another breakthrough with blockchain technology. With the aid of Velic, the crypto-financing industry is one step towards better integration into company asset management.
USEFUL LINKS
Website: https://www.velic.io/
Whitepaper: https://www.velic.io/web/download/VELIC_White%20paper_V1.01.pdf
Twitter: https://twitter.com/velicfinancial
Telegram: https://t.me/velicfinancial
Facebook: https://www.facebook.com/velicfinancial
Writter Jentemi
https://bitcointalk.org/index.php?action=profile;u=2181489
Email - temijennifer@gmail.com