First scalable decentralized social security network
Asure Network try a layer 2 scaling community that permits fast, easy and protected transactions for maybe not only repayment deals, but additionally generalized smart agreement. Founded by German insurance coverage and technologies experts, the network enables everybody to quickly establish, operate, and make use of highly scalable company applications through innovations in multi-chain scaling techniques and incentive-aligned crypto economics mechanism designs.
What Problems Does Asure Network Solve?
We are developing Asure Network as an infrastructure for social security techniques for the future. Our goal would be to offer use of 4.1 billion someone worldwide who have actually no access to social security systems today. The current social safety techniques are based on centralized databases, intransparent procedures, fraud, corruption, labor-intensive procedures and insufficient trust in systems will be the challenges we resolve aided by the assistance of blockchain and therefore we create a global addition inside social security marketplace, just as Bitcoin allows for inclusion inside economic market.
Asure Network is a public blockchain that enables one to operate complex company applications like social insurance systems. By using a multi-chain architecture, individual applications are distributed and scaled using sub-chains, resulting in high deal throughput.
The integrity, traceability, and transparency for the blockchain technology can make a top level of confidence in the precision and fairness of the implemented company procedures. This is in direct conflict with the protection of user-related information and privacy standards such as the EU General Data Protection Regulation (GDPR). Integrating zero-knowledge-proofs and decentralized identities give Asure Network the capacity to resolve this conflict.
In the future, you will have many specific blockchains for various applications. Asure Network uses bridging technologies to link to more blockchains and permits the utilization of business processes across block boundaries. Ethereum may be the first blockchain to be linked to the Asure Network.
The main value driver of ASR token?
The primary value driver behind the ASR token price try the demand from the ecosystem in which the token can be found in proof-of-stake consensus mechanisms and network governance. The Asure Foundation has currently developed several application scenarios and needs a scalable community for sustainable operation. Social safety systems result large deal volumes. By making use of the ASR tokens for transaction fees in the network, the demand for the ASR token and thus the worth of the token increases.