[Updated 10.2023]


PROBLEM DEFINITION


  • The current digital asset market is inflated with projects and tokens that do not have a minimal use case or utility. 


  • Many of these projects are created with the sole purpose of cashing in on the current hype around blockchain and digital assets. 


  • This is not sustainable, and will eventually lead to loss of investor funds and perpetuate real-world problems that could have been otherwise solved. 


  • Only projects and tokens that have a real use case and utility will survive in the long run. 


  • These projects will be those that provide real value to their users and have a strong team behind them. 


  • If blockchain technology can solve these problems that often affect marginal communities in emerging economies, they will be in a position to bring about real change in the global financial and entrepreneurial system. 


  • They will be able to provide more access to capital markets, empower the poor, create a more inclusive financial system and spur a more vibrant entrepreneurial marketplace.


VISION


  • A large percentage of the world’s population - roughly two billion people - is unbanked. Another four billion are under-banked.
     
  • This is a problem because most of these people live in emerging markets, where formal financial services can often be a serious and intractable problem. Data shows that the under-banked often don’t trust banks, and banking institutions have historically not trusted them. 


  • The problem of large numbers of people being unbanked or under-banked is a serious one, as most of these people live in emerging markets where formal financial services can be a major challenge to obtain. 


  • This is partly due to the fact that the poor lack consistent employment history, as they are still working within the cash-driven informal economy. 


  • This has kept them from enjoying the benefits of globalization and all the financial instruments meant to safeguard against capital insecurity. 


  • The blockchain could empower the poor by providing them with a trustworthy space to keep their funds safe from historically untrusted financial institutions. 


  • Digital assets can act as a way for skeptical populations to access global markets and all the benefits they have to offer. Because of this, blockchain is in a unique position to help emerging markets leapfrog traditional banking services that have not yet reached these underserved areas. 


  • Digital assets have the potential to empower the unbanked to leapfrog costly and archaic banking systems and unlock previously inaccessible financial services. 


  • By bypassing intermediary steps, blockchain technology can help emerging markets catch up to more developed economies. 


  • Due to limiting infrastructural factors, these markets have been leapfrogging technological advancements for decades. 


  • Blockchain technology has the potential to help empower the poor by providing them with a safe place to keep their funds. 


  • Unlike traditional financial institutions, genuine digital assets are trustworthy and accessible to populations who may be skeptical of global markets. 


  • This makes blockchain in a unique position to help emerging markets leapfrog traditional banking services that have not yet reached these underserved areas. 


  • Digital assets can help to build wealth in emerging markets by providing access to reliable capital markets. These capital markets are often unstable and inefficient, which can limit the ability of citizens to leverage their assets. 


  • Digital assets can help to overcome these limitations by providing a more stable and efficient way to access capital. In a decentralized global digital asset market, they would be less bound by the restrictions of their government, banks, or geographic location. 


  • Decentralized ledgers do not require the oversight of a central governing body. This allows for greater freedom and flexibility in the digital asset market, as well as faster and more efficient transactions. 


  • The blockchain has the potential to create a more inclusive financial system for people in emerging markets. 


  • By allowing poorer people to start saving and interacting with the financial world, the blockchain could help these individuals join a global economy that is better able to serve them. 


THE SOLUTION

  • Digital assets have revolutionized the way we think about money and how it is used in our day-to-day lives. 


  • However, there are still some problems that need to be solved. EDCOIN plans to solve these problems and create new platforms and ecosystems to power its next phase of growth. 


  • We believe that these problems can be solved with the help of a new platform and ecosystem. EDCOIN plans to create this platform and help to power the next phase of growth for digital assets. 


  • One of the most common problems in digital assets today is that it is difficult for the everyday person to use. 


  • The average person does not understand how to buy, sell, or trade it. They also don’t know how to store it securely or protect their investments. 


  • EDCOIN plans to solve this problem by creating a user-friendly platform that is easy to use and navigate. 


ENTER EDCOIN


  • The EDCOIN project is a complete ecosystem backed by a utility-based digital asset with the main purpose of benefiting retailers and distributors across the world. 


  • As an emerging technology, nothing has the widespread potential to change lives like blockchain technology. 


  • This is why we chose to scale our operations to deliver value through a digital asset that uses cryptography to secure, control and verify the existence and transfer of an asset. 


  • Instant Convenience | Digital assets offer a number of benefits over traditional methods of payment. These include convenience, speed, and security. Transactions are resolved quickly, and there is no need for third-party involvement, making digital assets ideal for online transactions. 

  • Low Fees | Traditional transactions go through several layers of middlemen. On the other hand, digital asset transactions are conducted with only a token fee, thus eliminating the need for middlemen. As a result, users can enjoy low fees when making remittances or purchases. 


  • Global Access | Anyone with access to the internet or a mobile phone can use digital asset. This makes it a much more inclusive form of currency than traditional forms of money. Additionally, digital asset is not regulated by governments or central banks, which gives users more control over their money. 

  • Identity Protection | Digital assets provide a way to protect your identity when making transactions. Unlike credit cards, which give access to your full credit information, digital assets allow you to control the information that is sent. This protects your identity and keeps your personal information safe. 


  • Fraud Proof | Digital assets cannot be counterfeited or reversed freely by the sender, unlike credit cards with the charge-back feature. This makes them a more secure option for transactions. 



To read and learn more about the EDCOIN ecosystem, please view the latest EDCOIN Whitepaper:  https://www.ed-coin.io/wp-content/uploads/2022/03/EDCOIN-whitepaper.pdf