Combining the best of cryptocurrency, blockchain, and commerce has not been done on a large scale so far. Request Network is one of the projects designed to do so, although building a decentralized network for payment requests will not be easy. Now is a good time to see what this project is all about. The Request Network’s Mission It is evident there is an interesting opportunity ahead for blockchain companies looking at the e-commerce sector. Request Network is a decentralized network built on top of Ethereum which focuses on letting anyone request payments. There are no third parties involved, thePowered by WPeMatico
Blockchain technology is capable of transforming a number of industries, yet it’s been predicted that the financial sector will be leading the way in terms of development via the blockchain. According to IDC’s inaugural Worldwide Semiannual Blockchain Spending Guide, blockchain spending will be led by the financial sector, whose spending is expected to reach $754 million in 2018. With this in mind, a number of new use cases for blockchain technology are developing in the financial space. One of the most noteworthy ones is the digital transformation of online payment systems through the creation of decentralized payment platforms. A Decentralized Payment System The Request