(BlockBar) Blockchain is the core technology with the greatest potential to trigger the fifth round of subversive revolution after steam engine, electricity, information and Internet technologies. Just as steam engine has released people’s productivity, electricity has solved people’s most basic living needs, and information technology and Internet have completely changed the business model of traditional industries (such as music and publishing industry), blockchain technology is likely to realize the decentralized transfer of digital assets. I n fact, it is essentially a decentralized distributed ledger.
In terms of cross-border payment and settlement, blockchain can abandon the role of intermediary bank and realize quick and low-cost cross-border payment from point to point. Globally, the application of blockchain technology in B2B cross-border payment and settlement business will reduce the cost of each transaction by about 40%, according to McKinsey’s calculation.
Other major banks are taking gradual steps in that direction, The strategies currently adopted by major Banks are divided into three categories:
(I) Establishing blockchain alliance and formulate industry standards; for example, R3CEV gathers more than 40 leading international Banks to establish industry supervision and corresponding technical standards.
(ii) Cooperating with finance & technology companies to develop blockchain applications of core businesses; CapitalOne and Visa, for instance, make strategic investments in financial technology companies to grasp the breakthrough of blockchain technology.
(iii) Promoting the application of local areas within the bank and implement pilot projects rapidly; UBS, Citi group, Deutsche bank and Barclays have all set up blockchain laboratories to test different application scenarios, either on their own or in collaboration with financial technology companies
It’s true that large financial institutions are increasingly focusing on market-proven blockchain projects. Now, dozens of blockchain startups appear every year. The new company solved many modern problems by working in completely different fields. Overall, the cryptocurrency market and blockchain technology are growing at an alarming rate, which in turn has led to some demand. So far, the cryptocurrency market does not have a powerful platform for managing and storing users digital assets. The MPCX team’s goal is to create an ecosystem that includes all the necessaries of cryptocurrency services, starting with the storage of digital assets and moving on to their exchange infrastructure and loans.
It sounds thrilling if you could put all your tools into one ecosystem for saving your time and energy to handle many platforms? The MPCX platform addresses this issue across the board, providing a holistic solution while collecting every major financial instrument and service currently available in the cryptography market.
MPCX will create a blockchain – driven decentralised ecosystem for managing innovative investor’s portfolios of assets According to the current market
This situation with a huge demand for services and limited financial management solutions, this platform was created to serve the opportunities in the market. Stage 1of MPCX’s development will be based on Ethereum and then migrated into MPCX’s platform.
The platform is going through a second round of IEO to finalize the platform. The company recently finished the first round of funding, successfully hitting the hard limit. MPCX is confident about its future, which is not surprising in the eyes of those eager to invest: the whole encryption industry is at start stage. . The platform containing all the necessary tools will certainly be in demand.
The company strives to be completely transparent and meet all the customers’ needs. Iurii Riabykin, CFA, MSCI, CEO & Founder of MPCX platform says: “We offer our clients a unique decentralized platform with a considerable amount of comprehensive tools to work with cryptocurrency. Every modern investor will be able to choose a direction for activity while using his funds wisely. At the same time, there is a separate section for promising ICOs, thus giving the creators of those the possibility to attract investors in order to continue its planned development.”
Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.