Blockchain technology gives individuals immutable ownership of crypto assets and will soon be applied to other types of digital and physical assets. Blockchain and cryptoassets have already begun to disrupt the traditional concept of money and will become the most important infrastructure for the next generation of financial systems.
However, most crypto asset holders still choose to trade on centralized exchanges. They transfer assets to trading platforms, effectively relinquishing ownership of the assets for a considerable period of time. In this case, the DeFi based decentralized trading platform (DAOCast) came into being. The decentralized exchanges themselves are built on blockchain technology, along with other technologies, including smart contracts, to ensure the security of the assets being traded.
As a DeFi (decentralized finance) star project on Ethereum, DAOCast is a joint venture between the UK’s Ted Adams Trust Limited and Singapore’s DC Fund, and it has attracted attention since its inception. There is no doubt about the potential value of the project. With the recent DeFi buzz, DAOCast is sure to continue the popularity of DeFi and become the next most anticipated project
DAOCast is a decentralized financial platform designed to integrate multiple products and DeFi applications into one platform, focusing on the maintenance of user privacy, anonymity, and financial sovereignty. DAOCast’s operations mainly include decentralized lending, art trading pledge, intellectual product certification, insurance and other businesses. Build a global, secure and transparent integrated public chain platform.
DAOCast to build DeFi financial platform
The loan agreement platform is arguably DeFi’s most popular and fastest growing area, and was the first Defi to launch a liquidity mining program. Most DeFi lending programs offer traditional mortgage products that allow users to pledge assets into the platform’s vaults and use them to lend out other assets. The logic of digital currency lending on DAOCast is similar to equity loans, with highly liquid assets, easy to liquidate and fast lending. For borrowers, the credit line is limited, the housing and car loan process is complex, the economic cost and time cost is high. The digital currency can be completed in a short time according to the process.
In DAOCast, users earn interest by providing collateral assets, and at the same time, users also pay interest by lending assets.
Decentralized art trade pledge
With the continuous progress of blockchain technology, blockchain is increasingly applied to various industries, such as medical care, government affairs, banking, cross-border payment, Internet of Things and other fields. In the field of global culture and art, blockchain also has a very important application. Now the global art market has entered a golden age, the investment demand is more and more vigorous. The value of artworks is gradually coming to the public and arousing the attention of all walks of life.
With the rapid development of China’s art market in recent years, the number of financial institutions involved in the art sector has also increased rapidly. Financial capital enters the art industry, turns art into an investment product, realizes the integration of financial capital, collection and art investment, and turns art resources into financial assets. DAOCast will conduct transaction pledge by combining works of art. By combining with cultural works of art through blockchain technology, the time stamp and existence proof generated by data block information can record and completely save all transaction pledge records in real time.
Decentralized insurance
DAOCast will create the underlying protocols for insurance, through which decentralized blockchain insurance products can be created. DAOCast will prove to be a revolutionary innovation in the global insurance ecosystem, and all players in the industry chain will gain a tremendous amount of experience from it.
In the future, DAOCast will continue to explore the application scenarios of blockchain in the insurance industry, such as agricultural parametric insurance, property insurance and life insurance reinsurance types, enterprise international property insurance projects, insurance/reinsurance capital pools, digital identity management, guarantee management, insurance linked securities market (ILS) and other fields. DAOCast will extend the blockchain application scenario to the entire platform of insurance capital management, promote the development of insurance industry to a higher level, and satisfy billions of users around the world in the best way.
Decentralized knowledge product certification
Intellectual product certification will become one of four blockchain businesses, saving money and providing revenue. Blockchain technology has the potential to impact all records management processes and expand their capabilities, and it also has broad implications for protecting and certifying intellectual property at lower cost and greater efficiency.
DAOCast operates blockchain technology to ensure the integrity of the records for the certification of knowledge products. Blockchain is used to create and store cryptographic hashes that are used as data reference checks for records, workflows, and signatures. If you change any of the above, hashing is no longer valid. Blockchain is attractive to auditors and litigators because it effectively demonstrates lossless data.
conclusion
Blockchain is a hard technology that needs to be broken through in many ways. Technological innovation ability and application ability are the core capabilities of blockchain enterprises. Only enterprises that truly master blockchain technology can promote the landing of the industry and launch practical products and services. In this way, the blockchain will be more deeply integrated with the external industry. DAOCast follows the wave of blockchain development. We have every reason to believe that the development of DAOCast will bring disruptive innovation in more fields. DAOCast has a promising future.
Source of this article: Golden Finance/Author: Tan Coin
