Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
As more technological advancements are uncovered, Foresting, a new generation social media service that is built on blockchain technology to provide economic freedom for content providers came on board.
ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION
Decentralized Payment Processing
The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.
Creating an Immutable System of Record
The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.
Reducing Cost of Transaction
Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.
Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.
The FORESTING Network consists of the blockchain based 1) social media
‘FORESTING’, 2) digital banking services for FORESTING participants ‘FORESTING
Bank’ and 3) ‘FORESTING Lab’ to support the FORESTING community and content
creators. Each of the three departments is separated into their respective
functions and roles to fulfill the core values of the FORESTING Network
FORESTING’ or ‘FORESTING Platform’ is a blockchain based social media
platform that deviates from the distribution system of traditional social media
platforms. It provides a fair value distribution system for users who are the true
owners of the platform. They deliver content through blockchain technologies
and contribute to platforms in a variety of forms.
FORESTING Bank’ is a digital bank for content creators and curators alike. At the
core of the FORESTING Network is the platform users who will be provided and
supported by these financial services to create content.
FORESTING Lab’ supports communities and marketing activities besides the
platform to activate the FORESTING Network, especially the content creators
who are the owners of the FORESTING Network.
FEATURES OF THE FORESTING PLATFORM
Content Creator Sponsor Feature
Open Market Advertising
Real-time Crypto Trade Function through Embedded Exchange
Master Node-based P2P Transaction
Foresting PTON Token & ICO Details
The PTON token will be available as per the level of contribution of the participants. Part of it is also expected to be in use to enable users to benefit from FORESTING app.
PreICO price : 1 ETH = 50,000 PTONs
Price in ICO : 1 ETH = 33,333 PTONs
50% PTONs during the Presale.
Tokens for sale : 9,600,000,000
Min. investment: 1 ETH
Distributed in ICO: 40%
Soft cap: 90,000 EH
Hard cap : 170,000 ETH
Token supply- 24,000,000,000 tokens
ROADMAP AND DEVELOPMENT
NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
You can get more information about these project with huge potential by following the link below:
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711