Velas Blockchain: Easing Fintech Projects
With everyday innovations, tech is taking the world by surprise and helping to ease tasks. We will be talking about Fintech and how velas helps to build projects on its blockchain to ease the task and strains of people. Fintech(financial technology) is a new tech that aims to improve and automate the delivery and use of financial services. at its utmost fintech seeks to help companies and business owners and consumers better manage their financial operations, processes, and lives by using specialized software and algorithms which are used on computers and phones.
At the coming of fintech in the 21st century, it was applied to the technology used at back-end systems of established financial institutions, however, there has been a shift to more consumer-oriented services and a more consumer-oriented definition. It now includes various sectors and industries such as education, retail banking, fundraising and nonprofit, investment management, etc. Fintech also includes the development and use of cryptocurrencies such as Bitcoin. However, since the internet revolution and mobile internet/smartphone revolution, fintech has grown explosively and it now describes a broad variety of technological interventions into personal and commercial finance.
Fintech now describes a variety of financial activities including money transfers, check deposits, bypassing bank branches while applying for credit, investment management all without the assistance of a person, Fintech is gradually and increasingly becoming a part of consumers daily lives. Fintech borders majorly in the following areas;
— Crypto-currency and digital cash
— Blockchain Technology which includes Ethereum
— Smart contracts
— Open banking
— Cybersecurity
— Robo-advisors etc
However, as fintech, grows so does its challenges. The status of services in banking is characterized by time lags and high transaction costs, for these reasons blockchain has been hailed as a revolutionary tech due to its ability to reduce transaction costs and increase the effectiveness of cross-border transactions. even at that, big banks are beginning to question the ability of blockchain to solve these problems and if the technology has matured to request a large-scale application. In all of these though crypto users seem to have a different view and there are conflicting resolutions in the minds of people.
As fintech advances in blockchain, however, companies are on their toes and nerve-stressed with how much they can cope with as there is just too much for people to handle even though the technology isn’t that hard. It is at this point that Velas comes in .velas allows people and companies to build projects on the Velas Blockchain which goes a long way in making things easier by enabling projects to have unrivaled speed levels which were previously far from being possible. These projects suffer slower speeds and get transactions done in the shortest of time as there is no congestion whatsoever. Velas recently launched a major funding program that allows developers to join their ecosystem of user-friendly, transparent, and privacy-respecting products. Projects built on velas blockchain enjoy faster and user-friendly accessibility. Velas aims at driving innovation to the fastest blockchain ever heard of on the planet. Developers of projects on velas blockchain will be actively encouraged to create solutions that increases decentralization and transparency within the velas ecosystem. All projects built on velas will also be tracked on GitHub and developers rest assured that no one steals their ideas. when it comes to building projects on velas either as companies or as an individual, such person or company will be open to many other opportunities velas has to offer. Below are some juicy and eye-catching opportunities you get when you decide to build on velas blockchain;
— Recruiting : Velas helps startups to hire Top Tier talents
— Networking : Velas helps startups with connections to investors, funds and accelarators
— Marketing : Velas helps startups in engaging in key exchanges, finding opinion leaders and building viral marketing campaigns
— Technical : Experienced developers from velas will assist with the technical side of startup projects
— Grants : Velas provides grants for the creation of new tools and projects
— Research : Velas assists startups on research work concerning their intended project.
Velas is focused on building excellent and incomparable fintech solutions for enterprises. Velas blockchain uses cutting edge technologies to solve all current distributed ledger network issues, the platform also provides users with numerous solutions to conduct fast and cost-effective transactions within the network, this means that projects and products built on the velas blockchain also gets to benefits from all of these. Considering all the hiccups that blockchains have nowadays, velas team came up with innovations that contribute to the higher network speed and increased scalability. The EVM also allows developers to deploy any Ethereum based projects on velas easily and in the shortest possible time, Velas blockchain also provides developers with all the necessary tools to create dApps of all kinds from DeFi to gaming and also NFTs.
Velas also aims to solve the problem of making a decentralized platform that is both secure and scalable. Using advanced cryptography, Velas is developing a diverse suite of Web3 and blockchain technologies for developers, enterprises and everyday users. Blockchain developers can join the thriving Velas development community by building privacy-preserving applications and products on the velas blockchain. in addition, the Velas development service provides a developer-friendly transaction simulator and transaction finality of two seconds or less, this gives Fintech companies less headache and stress as they are provided with ease of work and transaction flow.
Projects built on velas are a number one to reckon with as velas teams are working tirelessly to make sure there are no hiccups and that existing ones are dealt with appropriately. As an individual or company looking into building projects and products in Fintech, Velas should be your option of a massive and excellent ground with juicy benefits to build upon because you are sure of getting the necessary help, research, and stress taken off your back. Next time you think Fintech project(s), make sure to think Velas blockchain.
