The digital market will offer businesses and the financial markets an opportunity to transform the economy. This is through decentralized fundraising where digital tokens are issued, the process will be optimized and automated using smart contracts and also improved through distributed ledger technology that improves transparency and integrity of the processes and offers security to investors through identity protections and a seamless financing process that has minimal errors.
( Video Source: YouTube - Meritt protocol at the London Fintech week - 9th-13th July 2018 )
One of the projects that is leveraging the powers of blockchain technology towards making the creation and distribution of equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens is Meritt protocol. The Meritt protocol will allow businesses and financial institutions create equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens and distribute them using programmable rules that will make it easier to distribute equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens in a process that validates transactions and stores the information in immutable records.
Merrit protocol adds the missing features in peer to peer financing, toknization and digital assets issuance through empowering individuals and business to create and distribute equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens by allowing the creation process empower the creator through programmable rules giving them power instead of relying on algorithms made by other developers. The customization aspect allows businesses and financial institutions create unique tokens.
Equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens will allow the transfer and trading occur in the 24 hours cryptocurrency economy, and businesses and financial institutions utilizing the merit protocol will be able to improve monetization of their assets and improve investors and consumers experience through the blockchain distributed process.
Current State of Assets in the market.
Businesses and financial institutions are facing challenges when it comes to assets restrictions in the market, this includes assets distribution, verification of authenticity and control of assets. This will restrict their use in the market and digitizing them using merit protocol will enable a seamless process that is optimized using automation and smart contracts.
The current state of assets is not ideal for cross border transactions because of the hefty transfer of financial transactions through middlemen who will inflate the process through foreign exchange transactions and other substandard services. As we approach globalization this restriction needs a solutions and digitizing assets through the Meritt protocol gives an advantage because of the favorable regulations in the digital economy.
Solution: Decentralized equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens creation & distribution for individuals, communities and businesses.
The Meritt protocol will allow businesses and financial institutions set up their digital asset's frameworks without the need of middlemen, the businesses will be able to create their own programmable rules based on their custom requirements. Businesses will create and distribute tokens based on their market objectives and the use cases of their equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens.
By giving businesses and financial tools to create their own equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens, Merrit protocol offer opportunities to them to allow improved security, flexibility and control over the destiny of their equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens using their own programmable rules that offers them undisputed control.
Digitization through Meritt protocol empowers businesses and financial institutions to digitize their existing assets without taking away their value and rules but rather improves their operational processes, this is an innovation that brings an optimized free market that is ready for decentralization and globalization.
Creating Equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens using the Merrit Protocol.
Businesses wishing to digitize their assets will find the Meritt protocol digitization process easier and comprehensive, the creation contract creates a specific token that is programmed for customization depending on the purpose of the digital asset. Equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens will focus on the security ownership aspect of the contracts, distributed ledger that will store the financial transactions, sovereign identification and intelligent contracts.
Merrit platform will allow digitization process be customized without the need of complex programming knowledge, the creation of equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens will be done through dapp front end or through an API that is free for everyone to access and digitize their assets. In the diagram below Meritt protocol has illustrated the creation and digitization process that is can be improved based on your creativity and innovation.
The Meritt Protocol Token (MTT).
Conclusions.
Through the Meritt protocol everyone including businesses and financial institutions can easily digitize their assets, they can create equity tokens, loan tokens, utility tokens, a service tokens, or asset tokens without the need of complex programming languages and the process is optimized and improved through the use of Meritt protocol tools. Business and financial institutions wishing to decentralize their processes will find the tools and services provided by Meritt protocol empowering. For more information about the Meritt protocol please check the projects website, whitepaper and social pages in the links in the reference section below.
References.
WEBSITE: http://www.meritt.co/
Whitepaper: http://www.meritt.co/#id-whitepaper
Facebook: http://fb.me/Merittprotocol
Twitter: https://twitter.com/MerittProtocol
Telegram: https://t.me/Merittprotocol
ANN: https://bitcointalk.org/index.php?topic=4549084.0;topicseen
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
