5 Key Developments to Expect from the EVER Ecosystem | Everscale

Everscale’s robust community framework has already seen wide deployment and adoption in the field of online payment solutions, but there are several new avenues waiting to be explored.

5 Key Developments to Expect from the EVER Ecosystem

Transparent, inclusive, scalable — these are just a few of the adjectives that define what blockchain technology stands for, and what benefits it brings to the areas it serves. That being said, blockchain is still growing. Everscale, a fast, secure and scalable blockchain network project is built on the same pillars and values as highlighted above, with an array of unique features for robust transactions.

Dwelling on the power and technological maturity of blockchain technology, Everscale is trying to make blockchain accessible for everyone with inclusivity and equality as its primary principles. Everscale’s robust community framework has already seen wide deployment and adoption in the field of online payment solutions, but there are several new avenues waiting to be explored.

Here are the five key technological and sectoral developments that Everscale is eagerly looking at, on its path of further multi-sectoral disruptions.

Distributed Information Storage

The problem of distributed storage has been plaguing multiple industries for a long time now, and even blockchain innovations have not been able to solve it so far. Usually, industries and developers are forced to choose between one of the two options: either storing information on each node of the blockchain, which is safer but more expensive, or optimizing the number of nodes to balance security, scalability and budget concerns.

The one issue that persists is that of access to this decentralized data, because though the node optimization process might reduce data storage costs, it does nothing for data transfer and access. The need of the hour is a novel disruption in the distributed information storage technology, and Everscale has its eyes set on exactly this purpose.

We would be looking into, with greater detail, the problems and needs of the distributed information storage mechanism. Identifying the potential room for improvement, Everscale would be stressing on developing a dedicated protocol that helps store data continuously and over a long time, secure against attacks on integrity, resistant to censorships while also providing privacy, and verifiability.

Audits and Assurance

Blockchain technology and Everscale’s community-driven framework of inclusive control has tremendous applications in the field of finance, which is an established fact. However, Everscale now envisions adoption of the same technology in the audit and assurance fields, which involve administrative insights along with financial concerns.

Smart Contracts pop into the picture yet again, with their brilliant advantage of automation for the entire contracting promises, eliminating human intervention. With the auditing and assurance mechanisms still heavily dependent on human involvement, they are also prone to a lot of error, manipulation and forgery.

Removing human intervention and bringing in greater automation to auditing and assurance processes, Everscale hopes to improve the overall efficiency, speed and operational errors. Besides, this will also reduce any ambiguity and room for operational errors.

Energy Trading

At this stage of development and adoption of blockchain technologies in myriad sectors, Everscale is waiting to explore the global industry of energy trading, which is poised to impact not just international economies but also the planet’s environment.

Bringing in efficient grid management, robust participatory processes in establishing trading protocols and peer-to-peer frameworks for detailed geographic locations, Everscale’s powerful community-driven blockchain framework can work wonders for the segment.

Robust Asset Management

Another key area where Everscale is eyeing significant full-scale development of its powerful blockchain framework is that of asset management. Whether for large-scale infrastructure projects, regional transportation networks or city-level public assets monitoring, Everscale’s people-led blockchain community and its pillar of participatory decision-making are set to disrupt these industries as well.

Inclusion and Sustainability Compliance

Finally, as the world progresses towards more responsible thinking in terms of environment, operations, and sustainability, Everscale has the power to establish compliant mechanisms inviting greater inclusion across social and economic scales. Everscale believes in the philosophy of blockchain for everyone, and this very principle can drive worldwide inclusion and sustainability. From payment solutions to one-touch secure banking services, from healthcare facility access to sustainable housing solutions, there are limitless opportunities to explore on the lines of an inclusive and robust blockchain solution framework for the humanity.