#AboutUs #ProjectUpdate
Persistence One, since it's inception, has been working to bring high-value transactions into the Blockchain/Crypto industry. How does Persistence plans to achieve it?
▶️ Leveraging value propositions of #DeFi and importing them to certain Traditional financial products
▶️ Simultaneously, removing any complexity of using public Blockchains
Trading of financial instruments has been around for past 300 years but little innovation happened over the centuries until the advent of computers and IT systems. The introduction of computers made the large capital markets efficient but still the following products operate in pretty traditional manner:
♦️Invoices
♦️Bills of Lading/Exchange
♦️Letters of Credit
These products are backbone of cross border trade ($19 Trillion industry) .
Even recently introduced financial products lack the infrastructure for seamless digital trading and settlement.
♦️Solar Credits
♦️Renewable Energy Credits
♦️Social Impact Bonds
In the latest blog, Persistence One highlights the approach its adopting to build Open Finance Application opening new paradigms for the industry.
Persistence One is looking to bring more money into the ecosystem and growing the Market Cap of the $700 Million Value locked in DeFi by working with large trading organisations and financial institutions.
Read Blog here: https://medium.com/@PersistenceOne/persistences-focus-on-open-finance-the-digital-asset-exchange-marketplace-use-case-95cb5d91f4d3
Tweet Thread: https://twitter.com/PersistenceOne/status/1247890770440253440?s=20
🗓Dated: 8 April 2020
Persistence One, since it's inception, has been working to bring high-value transactions into the Blockchain/Crypto industry. How does Persistence plans to achieve it?
▶️ Leveraging value propositions of #DeFi and importing them to certain Traditional financial products
▶️ Simultaneously, removing any complexity of using public Blockchains
Trading of financial instruments has been around for past 300 years but little innovation happened over the centuries until the advent of computers and IT systems. The introduction of computers made the large capital markets efficient but still the following products operate in pretty traditional manner:
♦️Invoices
♦️Bills of Lading/Exchange
♦️Letters of Credit
These products are backbone of cross border trade ($19 Trillion industry) .
Even recently introduced financial products lack the infrastructure for seamless digital trading and settlement.
♦️Solar Credits
♦️Renewable Energy Credits
♦️Social Impact Bonds
In the latest blog, Persistence One highlights the approach its adopting to build Open Finance Application opening new paradigms for the industry.
Persistence One is looking to bring more money into the ecosystem and growing the Market Cap of the $700 Million Value locked in DeFi by working with large trading organisations and financial institutions.
Read Blog here: https://medium.com/@PersistenceOne/persistences-focus-on-open-finance-the-digital-asset-exchange-marketplace-use-case-95cb5d91f4d3
Tweet Thread: https://twitter.com/PersistenceOne/status/1247890770440253440?s=20
🗓Dated: 8 April 2020
Medium
Persistence’s focus on Open Finance — Asset-Based Lending
Asset-Based Lending refers to a loan that is secured using an asset or multiple assets of the borrower as collateral.