Community Trust ScoreVerified
A blockchain network will be adopted widely when its utility is well communicated. There are a lot of early-stage projects increasing the headcount of the numbers of projects in a blockchain. However, there are very few that survive consistent adoption. There is always a replica with advanced feature that eats up the primary version.
“What stellar is – is a good example of blockchain tokenization of real assets on to digital rails. This can help make money or value move far smoothly. And, with a blockchain like Stellar, dollars can interoperate with Pesos. It can interoperate with money in Kenya. It can operate with remittance providers in Ukraine. This idea of moving money is what Stellar is really focused on.
The number of real and relevant assets on the network which are assets that are tethered to real financial instruments like the dollar or peso, has saved a lot of momentum and blockchain is making money move better for everyone. This is including for populations that are not well served by traditional banking. And that is really the best about the Stellar Development Foundation, a non-stop non-profit corporation no share holders or owners or – we do pay taxes – we are not a charity.
Founded in 2014, and we exist slowly to support the development and growth of the open-source Stellar Network. The Foundation helps maintain the codebase. And, support the technical and business communities around Stellar and provide leadership to regulators and the stake holders in space.
Everything that is done at SDF is aimed at making the network as a whole succeed. This is done by ensuring the code robustness of the technology, supporting existing and future use cases. The second is being the blockchain that people know and trust. This is about increasing visibility and participation in international conversations around blockchain to support the growth of Stellar. And, the idea of fostering sustainable use cases for products and services built on the Stellar Network that contribute to long-term growth and sustainability to further growth those use cases. With ultimately the goal to focus on network effects.”
For clarity, the financial infrastructure is the core in the financial system and is a precondition of its functioning. The financial infrastructure is made up of technical systems through which payments are made and transactions with financial instruments are handled.
Financial infrastructure supports every formal financial transaction from paying a bill, to buying a house, to saving for retirement. Credit bureaus, collateral registries, and payment, remittance, and securities settlement systems are all vital parts of a country’s financial infrastructure.
Financial infrastructure promotes financial market growth and reduces the incentives for traditional banking. Second, it helps investors to select more efficient investment opportunities (with respect to risk/return considerations).
A country’s financial system includes its banks, non-bank lenders; securities markets; pension, mutual, and other investment funds; insurers; and market infrastructures such as central clearing counter-parties, payment providers, and central banks, as well as its regulatory and supervisory authorities.
Digital Financial Infrastructure provides a roadmap and framework for future digital financial services growth in the country.
