SINGAPORE (PRWEB) December 13, 2018
Blockchain technology is set to revolutionise governance, financial services, healthcare and beyond. However, blockchains and cryptocurrencies have faced 3 major hurdles on the path to universal acceptance. Project Raisin, a Singaporean-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 made the network more centralized. Raisin, with its unique Adapted Delegated Proof of Stake (ADPOS) consensus mechanism, retains rapid 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 simply 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.
The project has been met with rave response. It features new developments in technology and has strong credibility. Project Raisin’s CEO Abhii Dabas recently met with the Indonesian Minister of Communications and IT, Minister H.E. Rudiantara to discuss about the project, and had an extremely productive discussion, especially since the project provides real-world benefits for regular consumers and small businesses.
About Project Raisin
Project Raisin started in January 2017 and plans to roll out its crowdfunding and commerce platform in 2019. The project is built to pave the way for mass adoption of blockchain technology and help small businesses thrive in a rapidly changing business environment with digital disruption and automation. The project aspires to build a truly meritocratic new-age digital economy.
For more information on Project Raisin, please contact Genice Gan at genice(at)rasn.io or tel no. +65 81009633 to discuss more about our cutting-edge technology. Visit our Website at https://rasn.io/. Our office address is 138 Robinson Road #22-01 Oxley Tower, Singapore 068906.