The state according to the level of prosperity and its development is divided into two namely developing countries and developed countries. In some developing countries especially advanced, most citizens have a high rate of living prosperity that is proportional to high incomes as well. So also technological developments also follow.
Enterprises and big projects are starting to emerge, especially in developing countries. But sometimes the developing countries do not have enough funds to work on projects for the development of the country. As a result, developing countries usually seek or promote projects that will work with developed countries with higher human resources and prosperity levels, it is expected to obtain sufficient funds to run these projects from more advanced foreign country investors so that developing countries can follow the development to become a developed country.
One of the obstacles of difficult investors to enter and invest in other countries one of them is the value of trust. For investors he needs the project value and the results of the project, the point here is the budget plan cost and estimated time required because, of course, an investor needs to calculate the profit and loss he invested here. For the party who gives the project also would require detailed data from the investor, do not get fooled by investors who obtained are pseudo investors.
Swapy network with blockchain based technology will solve the problem. Swapy network will combine a decentralized protocol with a suite of three integrated applications:
- Swapy Exchange connects international investors from countries where the interest rates are lower to credit companies in countries where the interest rates are much higher, providing better returns to the first and lower cost capital for the latter
- Swapy Financial ID empower individuals, giving them the right to a worldwide financial identity that is valid anywhere in the world at anytime
- Swapy DataMarket transforms user's financial data into value for the data owners.
So that both investors and project givers can hold their own data and choose how much tokens they receive in exchange for it when they want to share, and for whom.
Many advantages are obtained if we use swapy network platform, among others:
• Reduced cost of capital on emerging nations
• Better returns for lenders
• Financial identity valid worldwide
• Individuals have the rights and reap the value of their own data
• Easily accessible and lower cost financial data source
• Lower entry barriers for companies
Roadmap of swapy
2017
• Oct – Nov: Swapy Exchange Alpha (0.0.1 and 0.0.2)
2018
• Jan – Apr: Swapy Exchange Alpha (0.0.3 and 0.0.4) and Swapy Financial ID Alpha 0.0.1
• Jun – Jul: Swapy Exchange Beta 0.1.0 and Swapy Financial ID Alpha (0.0.2 and 0.0.3)
• Aug – oct: Swapy Financial ID Beta (0.1.0 and 0.1.1) and Swapy Data Market Alpha 0.0.1
2019
• Early Jan: Swapy Data Market Alpha 0.0.2 and 0.1.0
• Q1: Planning PoS/Permissioned Second Layer on top of Ethereum
Advanced roadmap
2019
• Q1: Swapy Exchange, Swapy Financial ID and Swapy Data Market operating on main net;
• Q2: Increasing the transparency of Swapy Exchange fundraising by enabling the lenders to disclose the pre-approved loans they are raising money for1;
• Q3: Integration of Swapy Financial ID, Swapy Data Market and Swapy Exchange to the Swapy Network second layer;
• Q4: Release of a test network for the Swapy Network second layer (Proof-of-Stake or Permissioned);
2020:
• 1st quarter: Auditing Swapy second layer; Performance testing; Security testing; Testing Homomorphic Cryptography and Encrypted Data Mining;
• 2nd quarter: Providing insights from data using the Swapy Network second layer; Library to ingest insights from Swapy Network decentralized parallel processing infrastructure (test net);
• 3rd quarter: Adding insights feature to Swapy Data Market; BI area to analyze insights from the anonymous crowd;
• 4th quarter: Library of standard algorithms; Second Layer Beta release (main net);
2021:
• Providing your own algorithm/model;
• Consuming algorithms from other users in the network;
• Creating data mining flows composed by the combination of multiple algorithms;
• Profiling tool to estimate the cost in time and in SWAPY to execute the parallel tasks;
2022:
• Stable releases of the three proposed DApps, protocol, and decentralized infrastructure.
• Providing Universal Access to Credit by empowering the unbanked through decentralization.
In the future, Swapy Network has a dream to make a world of efficient credit markets, with no barriers to entry for new players, where consumers have the power and reap the benefits of Universal Access to Credit.
Website: https://swapy.network/
Bountyhive Username: anggaps
Refferal: https://bountyhive.io/r/anggaps