FESS(The Future of Electronic Settlement System)

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PREAMBLE

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin,there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

REVIEW OF FESS

Fesschain have created a decentralized platform that will solve all your electronic settlement woes. Existing systems on operational blockchains are crippled with huge network load, and hence they are vulnerable to security threats apart from being obnoxiously slow.

The uniquely designed blockchain makes best use of Artificial Intelligence and other such advanced authentication methods. Thereby, it dares to promote secure and safe transactions of any volume all across the globe.

FESS is Mainstream Technology where Speed combines with Security not only theoretically but in practical means. Most of the projects running at present either claim to deliver speed or safety. None of them has sincerely found a solution for scalability where people can easily transact with supersonic speed or can run a DApp with the full potential. FESS dares to not only Work on this issue but also solve it.

The primary objective of FESS Chain is to create a Universal Settlement System(USS) on their blockchain which offers both security and high transactional speed at the same time. Also, their platformance will be augmenting for a Fiat-less Economy and Integration of all possible practical use cases with blockchain.