VOLUM - A DECENTRALIZED MARKETPLACE FOR BUSINESS TO BUSINESS TRANSACTION BUILT ON THE BLOCKCHAIN

Introduction

Blockchain technology continues to affect everything in the world. With the development of technology, we have started to experience different innovations in different areas. Technology is a novelty that makes life really easy as a result of proper use. And these innovations combined with the internet and blockchain become even more special. Market data is also positive in these periods, the name of the blockchain technology seems to be a lot. In addition, although blockchain technology is actually a competitor of banks, some projects can be combined with bank technologies to create more beautiful projects. One of the biggest reasons is security. Because security issues are currently one of the biggest obstacles to blockchain technology. Since Blockchain uses the internet infrastructure, internet hackers are constantly harming people's digital assets by hacking the exchanges. One of the biggest reasons for this is that the technology of blockchain has a history of 10 years. Security vulnerabilities exist as it is a new sector. However, some companies continue to work for these security issues. The Blockchain ecosystem continues to offer new projects in the name of security to make it more reliable, more transparent and more precise.

Introducing Volum

Volum is a decentralized marketplace for business to business transactions, it is built on the blockchain and makes smart agreements easy to be reached. Through the internet individuals can enter smart agreements in the marketplace with a business they takes liken to. For business that are thriving there is always a tool one can use to analyse if the future of the business is bright. One of such tool is the SWOT analysis. S is stands for strength, W stand for weakness, O stands for opportunity and T stands for Threats. Individuals can apply this strategic planning tool to identify strengths, weaknesses, opportunities and threats associated to a business. So in this article we will be reviewing some of this as regarded to Volum marketplace.

Strength.

There are lots of strength for this Volum platform, first the adoption of cryptocurrency is growing rapidly. Assets, processes and services are now easily tokenized digitally. More and more business are moving their assets to cryptocurrency. Secondly, the blockchain is one unique model designed for transparency and smart contracts. The transactions on blockchain are immutable and on public ledger for everyone to see. This will reduce physical appearance for deals to be signed and encourage global interest for businesses.

Weakness

There is always no 100% activity there are tendencies for eventualities. The platform could be attacked by hackers, someone can go rogue with the team this could be the only weakness I see this unique platform is exposed to, but I am sure the team most have worked on this aspects that made ICO review sites scoring them high.

Opportunities

The opportunities for this platform is abound. With the transparency in blockchain so many persons would want to invest in business abroad. Volum has listed awesome businesses they would start up with which include, power grid, Food and beverage, software developers and assets credit management. Positioning Volum on the global outreach is the team’s vision to allow business to interact. This can be achieved with ease.

Threat

With such awesome idea Volum has, there is always tendencies for competitors to come-up. I remembered ecommerce platform like Ebay few years back now we have Amazon Alibaba and so many others coming up. Competition is good anyway, because it is easy for marketing to be done and people to have confidence in the mode of business.

Conclusion

Volum has made it easy to digitalize holding business. All that is required is for you to invest you money and they (Volum) will take the task of find a booming business to invest in. You don’t have to be worried about the hassles of running a business. Your money works for you. Who knows Mr Steve can become a CEO of an international recognized company.

Useful Links

Website: https://volum.io/

Whitepaper: https://volum.io/assets/images/volum-whitepaper.pdf

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