Blockchain technology no doubt has been gaining in popularity. By a mecha- nism of “trust machine”, it provides mankind a brand new and efficient cooperation device. Blockchain’s application in the financial sector has brought about the most concern and the greatest expectation. At present, all kinds of tokens have com- pleted some basic functions of value transferring and value distributing, but it is still far from the fully functional financial services that the real world needs, which is exactly why regarding blockchain applications in the financial sector all we hear is thunder, yet no rain falls. To bring about the era of the Internet of Values as soon as possible, people need a new generation of financial infrastructure based on a blockchain technology which has complete financial functionality, can link dif- ferent communities and tokens, and can bridge the gap between centralized and decentralized organizations.
At the advent of the Internet of Information, what we did was not to transform the “postal system”, but to create a brand new “Email system”. Likewise, when the Internet of Values approaches, we hope to create a new system: a value transfer infrastructure based on tokens. It will convert value across time and across space and can fulfill almost all the functions of traditional finance in a distributed way much more efficiently and much less expensively. It can even achieve many un- precedented financial functions that are unimaginable in scenarios of centralized organizations. It will fuse fragmented pieces of cryptocurrencies and endow them with complete financial functions. It will bring the world’s finance into a new era, which we call the era of cryptofinance.
We have prepared FUSION for the cryptofinancial era! FUSION will connect various values by establishing a layer of control management on top of various tokens through a distributed management of the tokens’ private keys and by providing ports both for central organizations and for external datasources and in this way solve the key problem of insufficiency in interoperability of the current Internet of Values.
FUSION is inclusive. It integrates the cryptocurrencies that exist today and that will exit in the future connecting centralized and decentralized organizations, accommodating authentication mechanisms and anonymous trading mechanisms and introducing on-chain data and off-chain data. FUSION is restructuring.
It redefines the way in which value is transferred and the relationship between participants, and it transforms values in time and in space in a way reflecting the essence of finance, and implements financial functions in a unique way that will cause some of the existing financial products to disappear. FUSION is highly scalable. In the form of a virtual machine, it Turing-completely provides the infinite reverie space for cryptofinance across different tokens in the future, creating possibilities that were previously unimaginable.
This whitepaper will propose the prospect of cryptofinance based on the analysis of the background of the Internet of Values, and then put forward the overall design, key technologies and development plan of the FUSION project.FUSION Whitepaper