Introduction
Risk rewards the brave. Those who are risk takers are the front runners of the change, no matter what others say. The originality of an idea creates a pool of benefits for the humanity. The exchange of ideas and values continues.
When you want something then you have to give something in return. That is how an exchange works. Human beings have been doing it for ages. Earlier, when there was a little concept of money and banks, barter system played as an exchange system between two people. Today, banks are ruling the world. The global financial world is more or less run by their policy and guidelines. Today, they face a risk from the blockchain technology. Either they should join the race or get ready to find their names in the history books. Many banks have experimented with the idea of private blockchain for their organisation while many have experimented with the latest blockchain solution offered by others.
Different regulatory procedures are a hindrance in the way of the adoption of blockchain technology. The time and effort required to fully transform the current system of financial world into the decentralised world based on blockchain technology are huge. In a short span of few years, many cryptocurrency exchanges have emerged and many of them have found themselves in the hot water due to the loss of coins from their exchange.
As the market capitalisation of the cryptocurrency increases, the risk of security breaches and data hacks on the exchanges has become much more dangerous. People have reacted according to the situations like these which has tested the loyalty of the Blockchain technology to the real world applications. We have to decide now how Blockchain technology helps into the future of the financial world.
Solution offered
GBX, Gibraltar Blockchain Exchange has completed its ICO recently which proved the interest and curiosity of people around the cryptocurrency. They will launch a digital asset management platform which is secure, reliable and transparent. The cryptocurrency exchange services offered by the GBX will only enlist original and reliable coins. People participating on the platform must verify themselves using the AML/KYC process.
Gibraltar Blockchain Exchange is a part of Gibraltar stock exchange and will follow European Union guidelines. It is first of its kind platform offering licensed token sale management as well as cryptocurrency exchange services to the institutional grade investors, who had been sitting on fence of this Blockchain revolution.
Team
The team working on the project has years of experience in management of business and technology. They believe that Distributed ledger technology (DLT) and the Distributed consensus is the important essence of their platform. The growing community of cryptocurrency will be waiting for their real-world application.
FINAL VERDICT
Wheels of change never rest and if you are not accepting what it has to offer, no matter how painful it is, you are giving away your chances of survival to others. The pragmatism is an innate quality of innovators and many in the industry have come to realise the truth of it. No longer the countries can ban the cryptocurrency which gained worldwide popularity in such a short span of time.
The only problem with the cryptocurrency world which scares the institutional investors is the high volatility. The stability in the price fluctuations in the crypto world is still a dream and the real world applications will be a key game changer in this aspect. Gibraltar Blockchain exchange has tried to be part of the digital economy by offering its quality services which are urgently required today since the rise in the terrible projects in the market.
I do not think the innovation is going to stop in the blockchain technology which to many is the greatest invention of the humankind after the internet. When GBX will launch its platform in the market, it would be interesting to see how they perform in the real world. Will they able to manage the expectations of people and the decentralised world? It's time to wait for the performance.
Website : https://gbx.gi/
Whitepaper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf
Btalk thread : https://bitcointalk.org/index.php?topic=2684176.0
Telegram: https://t.me/GBXCommunity
Contact: dannywhelan (dannywhelan0200@gmail.com)
Profile: https://bitcointalk.org/index.php?action=profile;u=1606458