The Future of Decentralised Financial Services
With blockchain technology, we're entering a new digital era that has the potential to transform the alternative investment industry. If you aren't aware, private equity, hedge funds, venture capital funds are some examples of alternative investment. While there has been much development, many processes in this space are still considered manual and involve many service providers to provide the compliance, security and transparency necessary for investors to connect with non-public alternative fund opportunities.
But in the new digital era, the future of alternative investment could be without intermediaries but with direct access to cross border investment opportunities, significantly cutting costs and boosting efficiency. The blockchain, particularly the distributed ledger technology, has the capabilities to bring transparency and security into the industry that's highly susceptible to fraud. Finally, the revolution in financial services is here:
DarcMatter
An award winning global fintech investment platform that provides transparent and direct access into alternative investments.
DarcMatter's mission is to enhance capital flow, transparency, and efficiency for investors and asset managers in the alternative investment industry. Established in 2014, the DarcMatter team (Return on Change Inc.) has operated the platform for 3+ years and is already working with 150+ funds (GPs) and 1,300+ institutions and investors worldwide (LPs).
Given the global reach and usage of DarcMatter, the team is excited to upgrade and power-up their platform solutions with blockchain technology to deliver capabilities including, but not limited to:
- Seamless cross border investment capabilities
- Documentation tracking for multi-consensus and logging
- Additional asset classes being seamlessly distributed through the entire investor vertical
How it works?
The Blockchain…
The leading global fintech has chosen to extend their platform with NEM's blockchain, which will significantly expand DarcMatter's platform features by providing next generation security and improved execution capability through complete transference of all manual content and contractual interactions that need to occur into the blockchain.
NEM's blockchain was cleverly built and optimised for scale and speed. Not only that, it's extremely easy to use because its architecture is designed for both simplicity and flexibility of development.
I must say DarcMatter made the right call there. The blockchain itself is supported by nodes running NEM-provided software that implements NEM's feature set and unique consensus mechanism. This may either be the open, decentralised, self-supporting NEM public blockchain, or it may be a permissioned private NEM blockchain running on DarcMatter's servers.
The Coin
DarcMatter Coin or DMC will be running on a permissioned blockchain. This establishes the level of discretion and privacy that's often required for the world of alternative funds and investments in general.
There's a fixed total supply of 1,000,000,000 DMC and they're used for:
- Transaction Fee Processing
- Subscription Completion
- Escrow Setup & Release
- Capital Call Requests
- Asset Management Reporting to Investors
- Distribution & Dividends
- Secondary Sale of Interests
- Tracking Changes in Contract Terms
- Data Analysis & Interpretation
Value Proposition
DarcMatter is designing an alternative fund marketplace transaction tool powered by smart contracts and the distributed ledger driven by the blockchain. This will combine the necessary implementation of fund administration, distribution, reporting and logistics, which are highly inefficient between fund managers and investors today.
The already operational global platform will include an innovative layer that uses the NEM's blockchain to let all investors and fund managers concurrently and seamlessly access the full transaction record details from beginning to the servicing and secondary sale of an alternative fund investment. This layer is called Tachyon ISC™, which comprises three primary components:
Photon Gateways
A decentralised payment system for investors and fund managers to interact securely with the Tachyon ISC™. Photon Gateways help made instant contract verification possible as they remove the need for manual verification, paperwork and corresponding payments managed by intermediaries.DM Universe Ledger
Saves all the key information that's necessary for the alternative fund industry to operate. No more offline transactions and the industry trends and data will be available for better matchmaking and transparent interactions. Other than that, it provides seamless instantaneous interactions between fund managers and investors, which used to require involvement of various unclear intermediaries or third-party service providers as well.Singularity Nodes
Only users or nodes that have at least 15,000 DMC can be provisioned as one of the Singularity Nodes that will harvest DMC based on DarcMatter's proprietary version of Proof-of-Importance (PoI). Depending on the number of participants and interactions, DarcMatter may have to develop a higher tier node with higher requirements.
Additionally, changing and evolving regulations to provide additional security for investors, has only increased the cost load on alternative asset managers, which makes the industry more incentivised to increase the assets under management, rather than focusing on enhancing investment returns.
In that regard, DMC will remove opacity and inefficiencies from the global alternative investment industry by serving as a utility token that will be used by fund managers and investors to create smart contracts for the investment completion process, and will also be used to access due diligence reports, KYC, and AML details.
The Roadmap
As mentioned earlier, DarcMatter's platform is already operational since 2015. Throughout the years, they've gained many recognitions from the industry and received many awards:
- "HFM Technology 2017: Best Fintech Solution for Hedge Funds"
- "NextMoney Hong Kong: Best Growth Stage FinTech Startup"
- "TechCrunch Beijing: Top 15 Global Startup"
- "K-Startup Grand Challenge Top 4 Finalist"
In the latter part of 2018, we shall see a brand new DarcMatter platform that's empowered by NEM blockchain.
Team
The team is led by CEO Sang H. Lee who is a leading pioneer within the Financial Services and Technology industries. He has been recognised as an 'Under 30 CEO Entrepreneur to Watch in New York City' and a 'GOOD100' fellow, an annual list of 100 change making entrepreneurs.
Lee co-founded DarcMatter with COO Natasha Bansgopaul who is an experienced marketing and strategy professional with over 10+ years of demonstrated leadership through key strategic roles at both Fortune 50 and Fortune 100 companies. She will also oversee the CMO responsibilities in the company.
Overall, DarcMatter's management and team are experienced global professionals with exceptional leadership and technical capabilities. Headquartered in New York City, DarcMatter also has offices in Shanghai, China, Kiev, Ukraine and Seoul, South Korea, where the regional teams continue to build global presence with platform usage from over 24 different countries.
Advisors/Partnerships
DarcMatter also has a top group of advisors and partnerships hailing from top institutions and leading industry experts in the world including, but not limited to:
- Mai Gang (Mark Mai)
Co-Founder of OKEX and Founder of VenturesLab - #Hashed
Leading crypto fund based in South Korea. - F50
Venture Capital Financing and Global Market Development - CoinStreet Partners
Next generation "Decentralised Investment Bank" - Ceta Network
Blockchain Marketing Agency - Sophia Ha Ho
Acquisition Strategist - Andrew Duplessie
Blockchain Specialist
Verdict
All in all, I see DarcMatter creating the change that Financial Services really NEED in the future of a more secure, transparent and efficient alternative investment industry. The business relationships that DarcMatter has acquired over the last few years are impressive and proved to be strategic in growing the reach of DarcMatter's platform. Besides, NEM makes it easier for businesses to adopt blockchain solutions that are highly scalable and fast.Overall, they've the right elements to succeed - a strong and experienced team combined with good advisors/partners. In a few months time, we shall see what will come out of it. I've confidence that the project will be well worth the investment for the long term.
The crowdsale is now LIVE at https://dmc-sales.darcmatter.com/signup
Company Website: https://darcmatter.com/
Product Website: https://dmc.darcmatter.com/
Whitepaper: https://bit.ly/2rpZTCg
Telegram: https://t.me/DarcMatter
Facebook: https://www.facebook.com/darcmatterHQ
Twitter: https://twitter.com/DarcMatterHQ
Join me at BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=1895068
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mrblueberry from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.