Fiscal Transparency in Blockchain Technology
The fundamental characteristics of blockchain technology which includes distributed ledger, decentralized network, immutability, consensus and security, enable verifiability and transparency of transactions. This is due to the use of smart contracts.
By the way, transparency is about being clear and easy to understand, creating no doubt or ambiguity. It is because once smart contracts are created, they can be authenticated and verified. All participants follow what is taking place. In the case of Funder One Capital, our decentralized platform tokenizes real estate property through which the owners and collaborators can verify all transactions, including the tokenization and sale of real estate.
For instance, they can see the amount paid and the Ethereum addresses to which the amount is credited. Ethereum addresses are used because Funder One Capital is based on the Ethereum blockchain. The amount paid may relate to the earnings from the sale of its tokens, called UBTS, which represent real assets.
Transparency at Funder One Capital is essential because of its decentralized peer-to-peer project funding called The Tokenized Non-Recourse Funding Program. This program tokenizes real assets. Every member of the peer-to-peer community can view all transactions.
By using decentralized ledgers, all transactions are identically recorded, enabling all members of the network to view them in real-time. At Funder One Capital, users can quickly identify best brokers or agents, using the provided information. The contracts are also automated, meaning that all participants can view every lease or agreement of sale. Since the records cannot be deleted or altered, unless by consensus history of all transactions, they remain intact.
In summary, the blockchain enhances transparency through the use of verifiable smart contracts. Therefore, all participants of the network access the same unaltered and verified data.
Invest in the Future of Real Estate — https://www.binance.org/en/trade/mini/UBETS-619M_BNB
