Category Archives: Fusion Updates
FUSION announces the start of its ICO for a new public blockchain, that will make smart contracts actually smart
FUSION’s inclusive cryptofinance platform aims to solve the issues of scalability, interoperability, and usability in blockchain technology, constructing a truly connected financial ecosystem
Singapore, January 25, 2018 — FUSION, the Foundation providing an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology, announces today the start of its ICO for the FSN token. Whereas, many crypto-projects today focus substantially on enhancing current financial institutions, FUSION looks towards the future. FUSION’s public blockchain provides a solution for the interoperability, scalability and usability problems within the various blockchain ecosystems, and makes smart contracts actually smart by advancing or creating technologies, such as private key generation and signature, parallel computing of bookkeeping nodes’ grouping, PoW and PoS consensus. By creating an inclusive system that can connect a variety of tokens in a more efficient manner, FUSION can achieve complete financial functionalities that have not yet been explored using blockchain technology.
In the past, market developments have been centered around distributed markets and centralized organizations, filled with an inherent lack of trust between transacting parties, and an unfair distribution of wealth. However, the blockchain, because of its ability to connect people and markets, ushers us into a new financial age by introducing digitization, intelligence, decentralization, and inclusiveness to the world of the Internet of Values (IoV). The IoV, which is centered around developments in the blockchain space, is still in its very early stages, and because of that suffers from three main obstacles: interoperability, usability, and scalability. Whereas current blockchain projects have tried to overcome these barriers before, no good solution has emerged yet in the industry, until now.
The FUSION public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token. Unlike other multicoin wallets which are limited to trading between tokens based on the same technology, a crypto wallet based on FUSION will be able to store all different values of tokens. The platform also offers a multi currency risk-free loan system: using smart contracts, by which users can apply for a loan in one form of token, and pay it back with another.
FUSION has created a public chain as the first sustainable solution to the bottlenecks in the IoV, constructing a truly connected financial ecosystem. FUSION’s public blockchain is:
- Inclusive – The public chain integrates the cryptocurrencies that exist today and even those that will come in the future, connecting centralized and decentralized organizations, while at the same time balancing authentication and anonymity.
- Reconstructive – FUSION redefines the way in which values are transferred and the relationships between transacting parties, by supporting all types of financial services.
- Highly scalable – By using a Turing-complete virtual machine and providing the Private Keys Control Service and the token-issuing protocol, it opens a window for society to realize cryptofinance across different blockchains and organizations, creating many possibilities that were previously unimaginable.
The inclusive finance platform empowers developers to create rich applications, connects organizations and data-sources, and updates cryptofinance protocols. Most importantly, FUSION improves the interoperability, scalability, and usability of the blockchain to realize an inclusive crypto-financial platform for the era of the Internet of Values.
“We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness,” said Dejun Qian, Founder of FUSION, “However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. FUSION aims to remove these barriers, ushering in an age of a true digital economy.”
Dejun Qian, Founder of BitSE, is on a new path with one of the most promising blockchain project for 2018
The south-east Asia tech influencer and thought leader has founded a new blockchain project that its goal is to establish a public blockchain that will break the bottlenecks of interoperability and scalability
Singapore, January 19th, 2018 — Fusion (http://fusion.org/), the project that is establishing an inclusive cryptofinance platform that will breaking the bottlenecks of interoperability and scalability in order to provide a full set of financial functions, is unveiling today its founding team, among them is Dejuan (DJ) Qian, Founder of BitSE, one of the earliest teams researching and developing blockchain technology.
Fusion, currently in stealth mode, is working on a solution for the scalability and usability problems within the various blockchain ecosystems, since current cryptocurrencies have only achieved limited functions of a complete cryptofinance ecosystem. With its solution, Fusion will allow all non-inherent blockchain assets to be a part of the chain, by tokenizing such off-chain assets as on-chain tokens and making them execute and transact within smart contracts.
Founded by DJ, BitSE is one of the earliest teams researching and developing blockchain technology, as the company has started its ASIC mining chip design at 2014, owning the earliest and largest mining centre in China. Since then, DJ and the team have launched two high profile blockchain projects: QTUM (https://qtum.org/en/) and VeChain (https://www.vechain.com/). In 2016, BitSE was selected as one of the “Top 10 FinTech Startups” and “The powerful blockchain infrastructure of the year”by Caishi China. DJ was selected as the ‘most Innovative CEO of that year for ‘Jiepu Prize’.
“As one of the early adaptors, I’m excited to see how 2017 brought the blockchain technology to the mainstream financial conversation,” says, DJ Qian, Founder at Fusion. “2018 is the right time to start looking at the scene as being mature enough and recognized enough to start thinking about the next steps, one of them: how to bring non-inherent blockchain assets to the chain, and that’s exactly what we’re planning to do.”
Founded in 2017, Fusion provides an inclusive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data. Fusion utilizes distributed network nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.