In current geo-politics or globle trade scenario, the fiat or global reserve currencies faces many unresolved issues like
• Currency printing governance transparency,
• Lack of obsolete traceability,
• Inefficient and cost inefficient transfers
• Lack of trust as no physical asset backing since 1971.
Block chain based stable coins (backed with physical assets) can provide an better alternative which greater
• Real time auditability
• Transparent governance in minting mechanism
• Real time provenance
• Efficient and cost effective transfer
• Backed with physical commodities
We have evident the raise of Stable coins in year 2018 which are evolving in the direction for mass adoptability and it will be interesting to see the same rapid growth in year 2019.
What's you thought on this?
hashtag#Blockchain hashtag#Stablecoin hashtag#smartcontracts
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