Cryptocurrencies have caught plenty of spotlight in the past 12 months, and many developers have seen the powerful potential in this market. This has led to the development of many applications that are based on the blockchain. These applications offer various benefits leveraged from the utilization of smart contracts and the blockchain. Transparency, seamlessness, and lowered costs are some of the benefits these applications offer; some even allow decentralization of functions and are therefore termed dApps. The amount of applications entering the market is continuosuly growing and this is evidenced by the meteor of ICOs by teams hoping to raise funds to make powerful new applications.
Despite all the benefits it offers, blockchain technology is new and so a vast portion of developers have or are in the process of making products that do not leverage the benefits of blockchain technology. But there is now a way to connect those products to the blockchain
OPEN Platform is a brand new blockchain product aimed at delivering an intuitive solution that connects centralized applications to blockchain payments. It also provides a means for removing the need for a multitude of tokens in the market, but the immediate mass market benefit of OPEN Platform is that it allows a bridge between mainstream applications and blockchain payments. This provides a beneficial situation for everyone:
- Centralized application developers gain access to a whole new market: crypto holders, investors, and traders add up to a market value of $300 billion and it's a highly liquid flow of funds with daily volume ranging in the tens of billions. This gives applications, especially established ones that are struggling with growth, an opportunity to push for more an entire new market channel.
- The crypto community gets a multi-layered benefit. First off, the tokens and coins they hold gain instant real-world value. Additionally, given the real usage crypto gets for day-to-day purposes, the market receives a genuine boost as more people become willing to invest as they can see a clear purpose to crypto.
OPEN is able to do so by developing Scaffolds, which are the backbone of its technology allowing centralized infrastructure to communicate with blockchain. Scaffolds allow a means to store data on the blockchain. Cryptocurrency can now easily become a part of the large number of centralized, mainstream applications.
A Scaffold is a smart contract that allows the developer's database to connect to users. OPEN's team has created an API that allows customizable Scaffolds to be created to suit the need of various applications payment functions. The underlying purpose of the Scaffold remains unchanged: developers of mainstream applications can now accept crypto payments. The added benefit of using Scaffolds to integrate blockchain technology into existing applications is that they allow easy adjustment to the various formats of payments. The API ensures that any one and any entity has an easy opportunity to access the benefits offered by the OPEN Platform. OPEN Platform opens up the opportunity for crypto to allow it to reach new markets, new users, and new utilities.
OPEN Platform Contact Information
ANN Thread: https://bitcointalk.org/index.php?topic=2150904.msg21517540#msg21517540