From personal experience and AION’s findings, the Blockchain technology has been said to be inefficient in how its used today as a result of slow processing of transactions which doesn't give much competition to payment processors like VISA. If the Blockchain technology will have to be considered as the ultimate alternative, these problems will have to be addressed before it goes mainstream and one company in the race to find the perfect solution is the Canadian based company, Nuco through the AION project.
The AION project is basically going to interconnect the available blockchain networks through the Aion blockchain which will be a universal network for todays blockchains and the future ones that are yet to come.
Aion as we know it is a third generation blockchain network which will enable any private or public sector blockchain to Federate, Scale and Spoke . What these terminologies simply mean is :
Federate: It will allow data and values to be sent between any AION compatible blockchain and the Ethereum network.
Scale: Provides fast transaction processing and greater data capacity to the Aion network.
Spoke: Enables the creation of private/public blockchain networks that will maintain interconnectivity with other blockchains and will also allow publishers to choose consensus, government, broadcast and participation mechanisms.
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The Technology Behind AION The third generation blockchain technology
At the core of the AION NETWORK is the worlds first dedicated public enterprise blockchain, which is designed to bridge other blockchains as well as manage its own robust applications on both on-chain and inter-chain logic . The AION NETWORK will be fueled by AION TOKEN which in turn will be used to create new blockchains, develop applications, and secure the aion network.
Given the many problems the blockchain and cryptocurrency world has faced in the past couple of years, the evolution of the blockchain technology is inevitable.
The advantages and applications for this ecosystem are limitless, with interoperability being the main building block of the project. The AION network will be able to transform organisational functions like supply chain management, it will streamline communication between health providers and it will securely bridge govt entities across the world.
This project is worthy looking into as there already hundreds of blockchains around the world and in the near future this number will grow to thousands and eventually millions, and without interoperability none of the technologies promise can fully be realized but with AION on the radar, we are certainly on the right track.
To know more about this exciting project visit the links below and take this opportunity to invest in this third generation blockchain based project . Just Remember to do your due diligence before investing in any project and understand the risk involved.
► Website: https://aion.network/
► Whitepaper: https://aion.network/whitepapers.html
► Telegram: https://t.me/aion_blockchain
► Github https://github.com/gonuco/aion.erc.contract
► Facebook: https://www.facebook.com/AionBlockchain/
► Twitter: https://twitter.com/Aion_Network
► Youtube: https://youtube.com/channel/UCu4u9tYEgUyNL9KMgrCZvXQ
► LinkedIn: https://linkedin.com/company/aion-network
► Medium: https://blog.aion.network/
► Discord: https://discordapp.com/invite/srU4qbS
► Bitcointalk: https://bitcointalk.org/index.php?topic=2215642.0
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