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Blockchain is very close – It’s time business and service spheres to switch to digital economics

Sanchit Ameria

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CREDITS token
Source: credits.com

What are the main concerns of a successful entrepreneur with his new product? There is no doubt a prospective profit, numerous customers, and a possibility of a perfectly working business. Now here comes blockchain into the capitalistic world, offering its advantages to all spheres of economics.

This technology boasts a wide range of services, like stand-alone smart contracts, trade, insurance, calculations and tracking of the whole delivery chain. Let’s scrutinize how a blockchain transforms the important business spheres taking the newest decentralized CREDITS platform as an example.

MEDICINE

One of the applications of CREDITS platform in medicine can be a development of a medical card register (a common database) that maintains continuously a medical history of every patient in a medical card (or a policy). Databases of this kind may organize the data about each patient without any information loss including serious diseases. This can have a strong positive impact on the quality of a
medical treatment and give more comfort to doctors, hospital management, and accountants.  Besides that, the information will be submitted to other medical centers linked to the platform.

If we take a broader view of this issue, any medical services based on a blockchain will be rendered within seconds (it takes 0,1 sec. per transaction). For example, you want to call a doctor via the application your request is simultaneously processed and paid for, thus the clients will not have to wait long. A blockchain will relieve the personnel from routine accountant’s work as well as from keeping records in a printed format and making statements of work. All the data will be automatically registered in a blockchain.

BLOCKCHAIN IN TOURISM

Stand-alone smart contracts in CREDITS can get hotel and resort owners removing the agents and save considerably in sales of tours. Smart contracts automate a deal between a client and a company (i.e. hotels and resorts in our case). In addition to that, users will be secured from fraudsters due to the transparency of a blockchain system.

Thanks to the rich functionality of CREDITS in making programs and applications within the network, you will be able to create a convenient interface both for users and personnel. This platform can process more than 1 000 000 transactions per second making it a trouble-free system. A low commission for transactions (money transfers) will make a positive bonus (the supposed commission is 0,001 US dollar).

INSURANCE

A decentralized network will no doubt be used in the sphere of insurance. A stand-alone smart contract of CREDITS gives the opportunity to make a deal and then view in the public domain the insurance conditions and payments on the occurrence of an insured accident. Besides that, the network participants can get the notifications and reports on the operations related to the payments made to this or another party within the contract.

FINANCIAL AND BANKING SYSTEMS

Banks study a blockchain technology for several reasons and first of all to save on the expenses and to raise the efficiency of a current workflow. According to Santander, a blockchain implementation in the banking sphere may save up from 15 to 22 billion US dollars by the year 2022.

A decentralized data storage attracts the failing need to involve third parties in money transactions, and given that the CREDITS transaction costs from 0,001 US dollars, this novelty leaves in dust conventional financial systems. All information is transparent and available to all participants and cannot be altered unilaterally.

It is worthwhile paying attention to the importance of the advanced DPOS+BFT cyphering which was developed specially for the CREDITS.  This is a guarantee of payments security as well as of expenses reduction and a transactions speedup.

Blockchain supporters believe that this network can be used for creating safe and convenient alternatives for labor-consuming and expensive banking processes.

CREDITING

The services that can be created within the CREDITS network will give a chance to make a loan online with a user’s convenient interface (available on gadgets and desktops). A client will need a minimum time to make a loan without visiting a bank, and an interest rate will be much lower. To the benefit of the creditor, this platform will save on the commissions usually paid to the intermediaries as a blockchain removes the need creating a saving for the business owner.  This opportunity includes not only consumer credits but also mortgage, credit cards and other services as well.

It is possible to construct a service on the platform for creditors of a blockchain network, which will
arouse interest due to a high profitability.

TRANSPORT

Logistics imply numerous stages of goods travel from one place to another in a variety of geographical locations. A CREDITS blockchain-based program can be created to get rid of the permanent monitoring of these delivery chains. This program will take control of everything instead of you as well as confirm the transportation of goods and react quickly on the occurrence of force majeure.

Also, the non-transparency of a conventional transport system makes the investigations of illegal activities in a whole delivery chain quite difficult. However, a blockchain solves this problem in no time due to its feature of a decentralized network and an open database.

A company can use simple and effective tools within the CREDITS network to track the goods from the shipment up to the arrival to the destination.

A decentralized network will help transport companies to remove unnecessary intermediaries in a delivery chain, to multiply their income and to solve the problem of a documents circulation with smart contracts. And safety is the main issue provided by a blockchain with a minimizing of mistakes and preventing from a fraud.

Mario Matthison, an Investment Banker turned ICO investor from Chicago, says,

“I always tell people, blockchain is going to change the world, one ICO at a time, be part of it or become an observer! Very skeptical of new ICOs but CREDITS has some serious tech and a very good philosophical backing. I am all in”





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A part-time contributor at AMBCrypto, Sanchit is a IIM, Indore graduate with interests in the blockchain and cryptocurrency technology. His work has been published by Indian Commerce Magazine and a couple of other local publications. Sanchit currently does not hold any value in any cryptocurrencies or projects.

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The FunFair Blockchain Platform Now Hosts CryptoCasino.com

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The FunFair Blockchain Platform Now Hosts CryptoCasino.com
Source: FunFair Blockchain

RakeTheRake Goes Live as First White Label Partner of Leading Blockchain Provider

RakeTheRake’s CryptoCasino.com has been launched on FunFair Technologies’ leading blockchain casino platform as a licensed white label.

CryptoCasino.com is the first external white label of FunFair, and the casino is ready to dive into the rapidly growing blockchain gambling scene. In 2019 alone, this industry sector recorded over 1 billion dollars’ worth of wagers.

Through this launch, the brand is able to reach the FunFair’s base of 65,000 FUN holders, adding more to its own sizable player base which has been developed over the years of hosting its internationally popular poker affiliate program.

As RakeTheRake’s first endeavor in both the online casino and blockchain space, CryptoCasino will showcase how easy and low-cost it is to launch a successful casino domain on the FunFair platform.

CryptoCasino will raise the standard of the blockchain gambling game by incorporating FunFair’s Guaranteed Fair technology and its ever-growing library of casino and instant win titles.

RakeTheRake’s Founder and CEO, Karim Wilkins, said:

“Becoming FunFair’s first white label with CryptoCasino gives us great satisfaction. We’re extremely confident in our brand, the platform, and the innovative affiliate technology, and we can’t wait to take CryptoCasino and its players to the moon.”

FunFair’s Co-Founder, Jez San, stated:

“CryptoCasino’s launch is a major landmark on the FunFair roadmap and we’re excited to partner with expert marketers in RakeTheRake who will drive further adoption to our gaming ecosystem.”

“We continue to update our platform to ensure it’s user-friendly for those with and without crypto knowledge and we are working on the next steps with RakeTheRake, with the CryptoCasino players being able to confirm our position as the leading blockchain gaming provider.”

The CryptoCasino.com domain is live and accessible to all players within supported countries. As an opening giveaway, new players will be able to benefit from a limited time sign-up bonus of $60 worth of FUN tokens.

FunFair Technologies Description

FunFair is among the most recognized B2B blockchain-based casino platform providers in the industry. By using the advantages of blockchain, FunFair strives to change the casino industry for the better. The casinos based on their platform have lower costs, the games are accessible to a larger customer base, and players are able to engage in guaranteed fair gambling.

The 40-member team behind FunFair has over a century of combined experience in the gaming and casino sector, and two decades of knowledge in the blockchain. This enables them to provide a platform which features quality slots, tables, and unique instant win games which operate on transparency and fairness.

FunFair was established by Jez San OBE, Jeremy Longley and Oliver Hopton in 2017, with their headquarters being based in both Dublin and London.

For additional information, access funfair.io. Follow them on Twitter and Telegram

CryptoCasino Description

CryptoCasino is a new breed of casino which merges the benefits of blockchain with cutting edge technology to provide players with a guaranteed fair gambling environment. As CryptoCasino uses FunFair Technologies’ blockchain casino platform, its players will experience the most qualitative games in the industry with the utmost transparency.

Armchair Partners Ltd, an online gaming affiliate, manages CryptoCasino as a white label and also runs RakeTheRake.com, a poker rakeback brand. The company is based in the UK and Sweden; it was first established in 2004.

For additional information, access CryptoCasino.com and ArmchairPartners.com. Follow Crypto Casino’s Twitter account here and Facebook account here.





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