FUNCTION-X AND THE BLOCKCHAIN TECHNOLOGY
WHY FUNCTION X EMPLOYED Block-chain!
Hello crypto investors and enthusiasts, trust we having cool time ahead of the new week. For some time now, I have been reviewing Function X. Being a block chain based platform, Function X has brought a lot revolutions than we can think of. Just in my last publication about function X which can be found in my article here: [Function https://steemit.com/functionx/@adaoramma/xphone-world-s-1-blockchain-phone-powered-by-function-x/, I discussed about the X-phone. X phone is one of the major innovations brought by Function X. All kudos to the brain behind this.
Here in today’s publication, my focus shall be on how Function X employed or adopted block chain technology in its operations, and how block chain has helped them through. Sit back and read on!
FUNCTION-X EMBRACES Block-chain TECHNOLOGY
The coming, acceptance and use of Block-chain technology makes it to keep growing in popularity.
Function-X in the bid to create a flawless communications (and data transmission) platform, decided to embrace Block-chain technology in achieving their goals. For a number of reasons, Block-chain technology has what is takes to help Function-X achieve/fulfil their dreams for the Communications Industry.
WHY FUNCTION-X EMBRACES Block-chain TECHNOLOGY?
(Absolutely Speaking, Block-chain can change almost everything)
Block-chain has the potential to revolutionize (completely change) almost every sector of the world’s economy/industries (in short- Block-chain can affect everything, even things that haven’t been discovered). It is therefore, not surprising to see everyone determining to utilize the power of Block-chain technology in improving systems, solving problems and breaking barriers.
Function-X embraced Block-chain for the following reasons:
1. 10-TIMES EFFECT:
Function-X believes Block-chain has the potential of making all aspects of technology and the world (society) 10-times better and more efficient. This means Block-chain technology can efficiently cause a 10-times change (complete change). So, with Function-X Platform, Function-X Ltd aims to bring the effect to reality.
2. TRANSPARENCY AND GREATLY IMPROVED SPEED:
You must have guessed this. Block-chain is already well-known amidst the internet say ones. Also well-known are the amazing problem solving features it can provide which which includes (and especially) 1st-class transparency, openness and better speed.
3. DECENTRALIZATION:
Function-X’s Vision hinges around the invention of a totally independent, decentralized Network. Block-chain provides this great utility.
4. EFFICIENT INFORMATION FLOW:
If transactions can be done in an open, easily accessible way, then, there will be definitely be a more efficient flow of information.
5. INFORMATION SECURITY:
Information can now flow more efficiently, in an open way and yet is extremely secure.
6. FLAWLESSNESS:
Function-X Platform will be trust less, flawless (seamless) in it’s performance. No barriers! No ups and downs! There will be no need for intermediaries.
FUNCTION-X’S SELFLESS INTENTIONS
Function-X is actually trying:
To bring the utility, performance and influence of Block-chain to a totally distinctive, but outstanding level in terms of speed, transparency, etc. They want to expand the horizon of Block-chain’s influence.
To revolutionize (completely change) (completely change) the course (of performance) of common, traditional industries and platforms.
To pave and lead the way for small, budding traders (investors). Function-X intends to make level the ground of play, lower the relationships barriers and allow small or new investors the opportunity to flourish and be fulfilled too. Function-X does this by using Block-chain to control sharing of data and resources.
HOW FUNCTION-X PLAN TO USE THE ECOSYSTEM TO ACHIEVE THEIR GOALS?
The Ecosystem will have the following featurea that contributes to the achievement of their goals:
1. AUTONOMY
Function-X is creatively and strategically designed to work and run autonomously i.e., independently and will not need to rely on constant supervision of any individual or organisation. That sounds very amazing, isn’t it?. It’s very amazing to know that Function-X wouldn’t require continuous overseeing or looking after.
2. GATEKEEPING
The system will perform independently. However, at the initial stages of its use, there will be need for ‘guarding’ it against bad stakeholders and foul plays. The team of founders will act as gatekeepers (initially only) that guard the Ecosystem against those who may want to play or act badly against it.
3. FACILITATION OF GOOD PLAYERS
Also, at the initial stages, the founding team will also be responsible for encouraging the growth of good/excellent players within the system.
PHASING OUT THE FOUNDING TEAM’S ROLES
The decentralized structure of the Ecosystem will help it to ensure this autonomy or independence.
In the long run, the work of the team of founders will become irrelevant, while the system is allowed to work, run and flourish on its own.
OPEN FOR OTHERS COMPANIES TO BUILD ON
Function-X will be made to be very plain, open and easily accessible by even other powerful companies who may be interested in using the features of Function-X in creating more sophisticated and better projects.
In conclusion, Function-X was able to see what Block-chain could help achieve and they are ready to fully and efficiently employ Block-chain technology in seeing their dreams come true.
Useful Links:
Website: https://functionx.io/#/
Facebook: https://www.facebook.com/FunctionX.io/
Twitter: https://twitter.com/functionx_io
Concept paper: https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
Telegram: https://t.me/functionx
YouTube: https://www.youtube.com/channel/UCmS83bWNR43jwEOC6EJaOyw
ANN thread: https://bitcointalk.org/index.php?topic=5166702.0
Author: Adaora
Bitcointalk username: Adaora2323
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary