Project Raisin brings Blockchain Mass Adoption to the World
Blockchain is the technology that is set to transform governance, financial services, healthcare and beyond. However, blockchains and cryptocurrencies have faced 3 major hurdles on the path to universal acceptance. Raisin, a Singapore based Blockchain project, is determined to overcome these problems.
1. Scalability. Most Proof of Work (POW) and Proof of Stake (POS) Blockchains have struggled to scale their networks, leading to slow transaction processing speeds and higher transaction fees. The Delegated Proof of Stake (DPOS) Blockchains addressed the transaction speed problem but have been guilty of making the network more centralized. Raisin, with its unique Adapted Delegated Proof of Stake (ADPOS) consensus mechanism, retains the higher transaction speeds of up to 100,000 transactions per second and creates safeguards to prevent manipulation and centralization of the network.
2. Utility. Most Blockchain projects have just been superimposing Blockchain on top of a wide range of well-functioning businesses in the finance, gaming, healthcare sectors. Project Raisin, focused on making an actual impact, has reinvented the merchant-consumer relationship by introducing the next generation of crowdfunding and crowd-commerce. Raisin's version of crowdfunding moves beyond just fundraising for start-ups and social causes and turns the funders into loyal, long-term customers for the fundraising businesses. Crowd-commerce is a unique way to further support merchants beyond the fundraising stage and brings tangible benefits to the customers and their network.
3. Volatility. Cryptocurrencies have witnessed unprecedented rallies that were followed by erosion of 50-90% of market capitalization for most of them. This volatility scares investors, users and merchants away. Raisin Blockchain addresses this volatility by allowing businesses and borrowers to create their own tokens on the Raisin platform. These tokens are pegged to the US Dollar and other stable fiat currencies. This provides the much needed stability to a crypto-powered ecosystem while retaining the transparency and decentralization of Blockchain technology.
Project Raisin started in January 2017 and plans to roll out its crowdfunding and commerce platform in 2019. The project is built to provide universal access to funding and helping small businesses thrive in a rapidly changing business environment dealing with the twin challenges of globalization and automation. The projects aspires to build a truly meritocratic new-age barter economy.
Contact:
Website: https://rasn.io/.
Project Raisin 138 Robinson Road #22-01 Oxley Tower, Singapore 068906. Tel: +65 67411709
