The Fusion blockchain is an infrastructure protocol designed to connect both traditional and cryptofinance systems that support digitized assets. By leveraging the power and functionality of Fusion’s decentralized blockchain, banks, financial institutions, businesses, governments, and individuals can participate in the tokenized economy.
Fusion solves the challenge of interoperability by enabling cross-border, cross-value, and cross-asset transactions on a secure, globally accessible platform.
Conclusion
Fusion has went on and has secured $12.3 bln in financial assets from three strategic partners, who will lock those assets on the startups’ public blockchain platform. The funds were supposedly provided by three companies, FormulA, Carnex, and KuaiLaiCai, which operate in the fields of asset management, car financing, and restaurant supply chain management, respectively.
The platform seems on the right track, however, the team’s lack of integrity in the past has definitely stained the project. We can only hope they learned their lesson and continue to run the project the way they currently are.
The Hierarchical Hybrid Consensus Mechanism (HHCM) used by FUSION is for stratifying the computational work of generating blocks and adopting a suitable consensus mechanism in different layers. HHCM introduced the concept of grouping to achieve private keys’ generation and management and parallel computing. HHCM combines the advantages of PoW and PoS to balance safety, efficiency, scale and other aspects.
To start off, the Fusion team was consisted of people with fake LinkedIn profiles, with fake experience listed in companies they were never a part of and fake engagements. They even at one point implied being related with VeChain and the VeChain team had to publically denounce any sort of connection with the Fusion Project.
Distributed control rights management (DCRM) is the process that hands over the control of digital assets by individuals or centralized organizations to the decentralized nodes’ management. The distributed generation and distributed storage of a private key ensures that no single individual can access the complete private key, which means that no single node can obtain the control of the digital assets under the state of distributed control rights management. The process of generating corresponding tokens used for bookkeeping on FUSION for a managed object is called crypto asset mapping. Through mapping, one token can freely interact with other mapped assets. Operations that implement and de-manage distributed control are called Lock-in and Lock-out.
The Cryptofinancial Smart Contract (CSC) is defined as the smart contract that is used to complete financial transactions of one or multiple digital assets among multiple participants by defining the relation and value interaction conditions of one or more digital assets among multiple participants in terms of time succession and location. The digital assets here refer to the assets that are mapped on the FUSION chain by digital assets Lock-in, which allows FUSION’s smart contracts to define the relationships among multiple different digital assets simultaneously. Multiple participants refer to the owners or users of different digital assets. In the FUSION chain they are shown as accounts, including user accounts and contract accounts. And in cryptofinancial smart contracts, contract participants may include multiple user accounts and multiple contract accounts.
https://www.youtube.com/watch?v=QRadvkSS_RU
Simply on this video you can see DJ Qian speaking about Vechain, so it doesnt matter that VeChain publically denounced them, DJ Qian was incubating them and also QTUM.
