Rabu, 11 Desember 2019

The ABLE project is a decentralized blockchain technology.


The ABLE project aims to solve these problems by applying decentralized blockchain technology. 


By developing a matching engine that connects investors and borrowers on a peer-to-peer basis, the project directly connects investors and borrowers without any intermediaries. With intermediaries and lending spreads eliminated, cryptocurrency interest rates will be determined by mutual agreement between users in a free market, and said rates will serve as market interest rates. Investors can receive higher interests than they would in a centralized market, while borrowers can lend money at lower rates, creating a win-win scenario.

Since investing and lending occur governed by smart contracts, the project will eliminate exposure to managers’ moral hazard and the risk of central-server hacking. Current cryptocurrency banking services provide deposits and loans separately rather than linking depositors and borrowers. The services have shortcomings such as inability to provide high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate intermediary risks because their structure is based on a centralized model. On the other hand, the ABLE project directly links users, primarily through an account, and enables a variety of financial activities such as payroll and investment, based on smart contracts.



"Redefining the Fourth Industrial Revolution"

  • A new revolution has begun with Blockchain technology
  • ABLE Project’s mission is to provide integrated blockchain finance services.
  • All crypto assets will be managed via smart contracts.

ABLE Project is the truly Decentralized

Crypto Finance Platform.


ABLE Project’s Goal is to establish a blockchain based platform for crypto finance and wealth management.

ABLE Project will provide crypto finance solutions to meet both the supply-side and the demand-side.

History and financial instruments are achieved by Ethereum smart contracts.

ABLE Application


User can retrieve and utilize financial instruments through the ABLE Application. ABLE Application runs on both web and mobile UI.

ABLE Structure


Smart contracts including Investment, loans, mutual funds, and profit distributions can be designed on the ABLE Framework. Various smart contracts can be browsed and registered through the ABLE Application(Web/Mobile).

ABLE API


ABLE system adopts the layered architecture, and permission levels will be determined according to each layer. Each layer and component can communicate via standard API’s. Pairs of API permission levels and users match Public - User, Protected - Administrator, Private - System Developer.

ABLE Ethereum Infrastructure


Initially, ABLE Project will run on Ethereum, utilizing a cryptocurrency gateway and blockchain systems. ABLE Main Net will be launched to reinforce banking/fund/payment systems.



P2P Loan Matching Engine


Blockchain and Smart-Contract technology enable Peer-to-Peer Loan service without any intermediaries. ABLE Dollar plays a role of a lending fee which is determined by market demand and supply. ABLE loan matching engine will resolve traditional problem in banking industry by removing interest spread and risk of centralization in current crypto finance.

Decentralized Exchange


All financial activities will be based on ABLE account system, ultimately aiming a decentralized blockchain financialplatform. By directly connecting investors and borrowers peer-to-peer, market participants will interact withoutintermediaries, leading to the development of a crypto market and financial experience through free trading, sharing its value. Mutual fund designed by financial and technology expert will be available ABLE DEX.

ROADMAP









CONCLUSION 


The ultimate goal of ABLE is to provide users with a great user experience, while simultaneously allocating value to ABLE through all the benefits described above. In finance, the project aims to create a systematic ecosystem and develop a better user-accessible system by applying blockchain technology to any area deemed necessary.

ABLE intends to integrate into one system all the financial solutions currently dispersed across the blockchain market, by offering a solution to existing banks’ problems, and an alternative to centralized deposit-lending systems. The P2P investing-lending system, which is the core of the ABLE project, is particularly significant because it creates personalized accounts for cryptocurrency assets. Existing micropayment and fund solutions suffer from numerous shortcomings due to the lack of an integrated account, and users have substantial trouble using those solutions. Additional solutions will be created in the integrated system to provide various services to users through their account designed for them.

For more detailed information, please visit the link below:

  • https://www.able-project.io/
  • https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
  • https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
  • https://t.me/ABLE_Project_EN
  • https://www.facebook.com/ablecoinproject/
  • https://twitter.com/Ablecoinproject


AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B

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