Alchemy will provide payment industry players with the opportunity - tresnowaranggono

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Selasa, 15 Oktober 2019

Alchemy will provide payment industry players with the opportunity



Alchemy

Trading on the Internet is completely dependent on monetary organizations, which are filled out in accordance with the instructions of third-party organizations for processing electronic payments. While the framework works great for most exchanges, all of them lack trust-based models. They provide resources and establish authoritative restrictions. They organize and confirm annals and events. They manage associations between countries, associations, networks and people. They control administrative and social activities.

Blockchain has simplified and accelerated the method of payment as it is used. traditional methods, which include banks, cannot work before the blockchain. The centralized method of banks makes it more complex and less fast, as it passes through an intermediary from sender to receiver. Transactions with banks are also not transparent enough, since their records are lost in the modern world. Another disadvantage of banks is the huge fees that they charge, which was cumbersome and led to the fact that many hoped to see better technologies in the future.


Goals

Provide ecosystem members with open source protocols and rapid product development platforms to help them get fast, convenient, secure, flexible and fast-growing global payment solutions. These payment solutions will be based on decentralization, consensus mechanisms and smart contracts based on powerful blockchain technology. The Alchemy team and its environmental partners ensure that this is a project that will help the entire technology of the payment industry move into the era of blockchain technology and use solutions in which regular payments are most often used by merchants.

Alchemy Global Payment Solutions Limited is committed to providing open source protocols and rapid product development platforms for ecosystem partners to help them with fast, secure, convenient, flexible, and fast-growing global payment solutions based on decentralization, smart contracts, and mechanisms. consensus on blockchain technology.

The payment network of Alchemy will consist of the following functions:

• An open and scalable consensus protocol of Alchemy with the aim of establishing standards for the payment industry and promoting changes in the payment industry as a whole.

• The project will use lightning-fast network technology for real-time transactions of existing electronic payments.

• This will provide the most comprehensive support for various cryptocurrency payments for enterprises and consumers to choose from.

• The project will have an offline / online single order. There will also be seamless integration with basic intelligent POS and quick access to various applications for the online SDK / Plugin / API.

• It will have a decentralized infrastructure network, operations and management networks, including, inter alia, storage, dispute arbitration, credit scoring, risk control, clearing, and fraud protection. This will help to significantly increase operational efficiency, as well as minimize operating costs.

• There will be basic billing features and solutions for large-scale commercial applications.

• PUSH PAY, PULLPAY; combined payment, target payment, subscription payment and other types of accounting systems.

• There will be a simple, visually standardized smart contract market that will help minimize the threshold for the commercial use of smart contracts.

• There will be independent communities and open ecosystems that will attract more innovative technology companies to become part of the community and contribute to the development of the public network of the payment industry.

• The platform will also provide enhanced localization and anti-money laundering compliance programs for various regions and countries.

Alchemy will provide payment industry players with the opportunity to embrace the new era of payment innovation, making full use of the progress of open source protocols and the open research and development phase to enhance cross-connectivity. -payment payments; Provide dealers and customers with a faster, progressively safer, more profitable and progressively adaptable payment agreement worldwide.


Principle of operation

Alchemy's goal is to develop a payment protocol by consensus of the community, build a decentralized, trusted infrastructure and accelerate the penetration of cryptocurrency in our daily lives; and most importantly, return the payment rights to the seller, customers and the market. Alchemy achieves decentralization of payment networks through integration with decentralized cryptocurrency portfolios, implementation of decentralized technical structures, as well as appropriate management mechanisms.

Alchemy meets the needs of a large-scale commercial application that supports the complex infrastructure of accounts, complex payment models PUSHPAY and PULLPAY, complex types of transactions and smarter business flow for payment services. Alchemy is building a trust-based ecosystem with a credit assessment architecture to address payment security issues. Alchemy provides low costs and high performance thanks to a decentralized, operational support infrastructure.

Thanks to decentralized agreements on payment of smart contracts and incentives for innovative opportunities of various companies working in the field of payment technologies, the team seeks to harness the human wealth of technical talents, use the Agreement to reach consensus in the industry community and guarantee transparent implementation of the rules with technology, so that cryptocurrency can become an important part of a real transaction in the near future.

Additional information:






Author ( Sengkuni )

ETH Address : 0x841195014dd6AE32F3eC4B914fbEB1CCc73aC51E

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