Financial companies are now “getting in on the action,” so to say, when it comes to blockchain technology.
One particularly noteworthy move by a financial company concerns Abele Group, which is an international fintech company that is leading the industry in today’s robust digital scene. Recently, Fintech Group has announced its plans to launch blockchain technology with underlying artificial intelligence. Moreover, the launch is not on the national level, but is more far reaching – the company’s plans are on a global scale so that those who are following the development can expect its reach to be far and wide.
Abele Group has two subsidiary business units, which include Abele Technologies and Abele Asset Management. Together, the two factions are corroborating to leverage blockchain technology and artificial intelligence. The purpose of the move is to enhance security, efficiency, transparency, and the adoption of cryptocurrencies and other digital assets. The company is now focused on launching its blockchain asset ecosystem and the four phases that it includes. Each of the four phases is an integral part of the system and ensures that it is able to achieve its main goals.
The four phases of the blockchain asset ecosystem by Abele Group include:
- Phase One: Abele Trust
The first phase is Abele Trust. At this phase, the company’s digital custodians store and safeguard investor assets, digital tokens, and more and all in an institutionally secure manner. This type of approach ensures that such items are not at risk during the process.
- Phase Two: Abele Chain
The second phase is Abele Chain. At this phase, a four-generation open-source hybrid blockchain, which includes a protocol blockchain and private permissioned ledger licensed for commercial use are applied.
- Phase Three: AbeleTS
The third phase is AbeleTS is where a blockchain and artificial intelligence powered-trade-management software are at play. Here, the platform will work to reduce operational expenses so that investors have the funds necessary to reconcile financial transactions in an efficient, secure, and timely manner. This ultimately may lead to a reduction in expenses for all investors around.
- Phase Four: Abele Asset Management
The final phase is Abele Asset Management. At this phase, investors will gain access to actively managed funds, including cryptocurrencies and traditional assets.
According to the CEO of Abele Group,
“As the token economy emerges and transforms every industry, blockchain technology, and artificial intelligence will radically alter the financial industry. The application of these two technologies produces greater data security, reduces overreliance on ‘middlemen,’ increases transparency around the movement of funds, and most importantly places trust in an organized process rather than in people or institutions. It’s time for the financial industry to radically transform by adopting today’s cutting-edge technology.”
As users can tell, there are some stellar developments underway concerning Abele Group, which signify an emergence of financial institutions in the blockchain and cryptocurrency industry. Those who are interested in following the continuous developments may want to visit the platform’s website today or other news sources.