Decentralization is emerging as a key frontier for digital assets. Key questions arise with that.
At first, Bitcoin stunned globally, requiring no centralized authority.
It’s almost a decade now and you can trace the massive shift in things.
At inception, Bitcoin proved the blockchain works.
Currently, besides Cryptocurrencies, blockchains host more advanced applications.
And the list is increasing day by day.
In the light of the current opportunities, many risks arise.
Key among them: is
- Bitcoin’s upper cap
- issues with scalability
- and decentralization.
Crypto enthusiasts have argued that maintaining the three is not a simple feat at any point.
However, decentralization remains key, it’s what made BTC stand out first was first.
Advances in Decentralization
Developers have made critical explorations to enable users to maintain the decentralized factor.
Behind it, comes the significant requirement to maintain secure ledgers, yet allow every user access recent records.
That’s the challenge.
Many users demand commensurate resource commitment and concurrently the uptime in system security for business to continue.
Decentralized Blockchains are the new frontier.
Their premise : deploying a multi-tiered-solutions-approach aimed at building chains laudable for being outstandingly;
- secured and
Deployment via exclusively Web 3.0 frameworks:
The web 3.0 framework is a strict departure from web 1.0 and web 2.0.
Each clearly making internet functionalities synergized for numerous human needs yet secure concurrently.
One key feature with 3.0 emanates from the demand from the users; ideally, those not on computers being able to access all features.
The infusion of Internet of Things (IoT) and cognitive behaviors will mesh up well with the hallmarks aimed at by the premises of web.3.0.\
Over time businesses will find it critical to roll out on it.
Already, Google has enforced the SEO metric that every business website have an SSL certificate, simply to encrypt every bit of information sent over the internet.
That’s for security reasons to protect every user and that’s for the benefit of all.
Googles approach appears to be a forerunner to the 3.0 requirements.
Although there’s no global standard holding actors in the digital assets space, it’s more imperative to roll out on such enforced terms.
It’s a form of a proactive measure to ride on it for the benefit of all stakeholders.
Tracing the trajectory in growth, many products and services are building on the blockchain as a base.
Digital assets only find greater sense within their associated blockchain.
What if the blockchain is able to cross-function?
Value of Ether can be exchanged to that of Ripple, Litecoin and so forth.
With cross-blockchain digital assets gain more meaning and better credibility.
To be specific, that applies to their characters as both mediums of exchange and stores of value.
Similar to challenges faced with international trade, liquidity in the blockchains is also a significant factor.
This corresponds to the way International trade is controlled by the balance of Payments (BOPs).
And being relatively new, holders of digital assets lack in common nationality.
So what brings them together? Their global pursuits to commerce, within a scenario of no government.
But technology is at their disposal, with DAO (Decentralized Organization).
DAO by itself presents massive opportunities to self-govern while taking care of all the interests each of the stakeholders.
With businesses going global in technology and market locations, stakeholders have to shift the approach.
To be specific, that’s from desktop orientation to the cutting edge in Business Cloud technologies.
Ideally, teleconferencing works in ordinary business and should work superbly well with digital assets.
Firms are embracing online storage both for security back up and convenience.
The approach taken by holders of digital assets is to host similar technologies.
Through the approach, only stakeholders with like-minded interest meet and transact at their own convenience.
That by itself reinforces the decentralization pillar.
ICTE in the Representation
One key project that is pure rolled out based on the web 3.0 is the ICTE federation, a network of decentralized blockchains deployed with satellites globally.
Their cloud technology is based on an Alpha server.
ICTE can be accessed via both desktop and mobile offering secure and speedy transactions for holders of digital assets.
At the table is an opportunity that hosts all interested parties, users with every Operating system.
They are accommodated through APIs with great leeway to easily customize and scale up with regional uniqueness at the same time.
With ICTE you have opportunities to trade as an individual or open up a satellite exchange for your region.
Bonus note, ICTE satellite exchanges are able to facilitate the matching mechanism.
In that, they facilitate holders of digital assets to meet parties willing to offer trade partnerships aligned to their interests.