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Datawallet is planning to develop an eco-system that will run on the Ethereum blockchain network. All the user’s data, accumulated both online and offline, will be stored on the blockchain. The use of blockchain and the decentralized system will ensure data security. A veil of transparency using smart contracts will be created between the users and the company that is trying to purchase the data
Debitum Network’s business model is designed to address the global SME credit gap. It aims to support the SME financing market by connecting SMEs with global investors and other local or regional contract service providers (debt collectors, risk assessors, provision/collateral valuators, etc.) through blockchain technology. By delivering a blockchain-based solution, Debitum seeks to create an ecosystem that will increase liquidity for SMEs and reduce costs and time in the lending process. Debitum Network’s entire ecosystem will organize multiple communities consisting of various local & regional service providers and institutional borrowers, and each community will have a leader. The community leader will be responsible for resolving issues, marketing their members, expanding the community along with other relevant tasks related to the community. To motivate the community leader, he/she will be rewarded with a fee via a community’s trust arbitrage smart contract for activities performed by each community member.
The business model of GLN is simple. The users have to register in the platform with proper credentials and an initial payment of US$125. Then, the user can load the GLN lobby with three utility portals, i.e., Build, Play and Earn. Each portal provides various utility functions in the network. Build Portal allows the user to fund any game design and provides resources for gaming developers. Play Portal hosts a decentralized app store and embedded games. Users can play within the platform or download curated titles. It also offers competitive tournaments featuring LOOT prize pools. Lastly, Earn Portal offers an array of revenue- generating tools, such as competitive tournaments where one can receive sleek electronics or LOOT tokens, US$250 for three referral links and one can bid online in auctions. The platform charges users US$10 for a monthly subscription and US$125 for an affiliate package. It is expected to generate additional revenues from advertising in the near future.
The Larecoin platform has three main functionalities. Each of the three layers of the platform has designated utility functions. ▪ LareX – an all-in-one solution for funding student’s education and leveraging blockchain technology that will allow students, schools, and colleges, etc. to communicate as well as trade cryptocurrencies in real time ▪ LareR – a commercial portal for businesses, where they can advertise their products and provide merchant and trading solutions as well ▪ LareVIA – a search engine that will use advanced AI to provide real-time data, in-depth reporting, and insights into an accredited educational system. Initially, the user needs to register with the platform and after his/her successful registration, a universal dashboard will appear on the platform that will allow users to oversee their digital assets and access important updates. LareBLOCKS and LareSCAN are two additional layers; the former will offer a gateway to students, businesses and universities for an infinite volume of digital records and transaction processing every second. The latter will allow users to explore and search LareBLOCKS for transactions, addresses, tokens, and prices respectively. The Company will charge a minimal transaction fee for availing the products and services of the platform.
The mechanism of lending and borrowing on the platform uses smart contracts through which both parties to an agreement are connected without the need for an intermediary. The Company charges a platform fee for facilitating loans; however, interest rates, premiums, and conditions are mutually agreed upon by the participants. To borrow, a user needs to submit his/her digital tokens as collateral on the platform which is then stored in a smart contract. on the public Ethereum blockchain. The platform uses a non-custodian depository smart contract to obtain network security for the tokens stored as collateral.
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