Application

Fantom will become the first platform to disrupt the existing infrastructure for payments and supply-chain management. dApps built on top of the Fantom Opera Chain will provide transparency and cost reductions for industries as below.

Application
Food-Tech
Telecommunication
Retailers
Financial Services
Logistics
Government
4th Industrial Revolution
Internet of Things

Food-Tech

Lots of online-to-offline services provide users opportunity to rate the service they received. Most of these reviews are heavily manipulated by the service providers. Through Fantom’s infrastructure, service providers can create apps that promote a neutral user-based evaluation system. Delivery services often have to pay hefty fees for payment system, not to mention complex security measures that users have to go through and heavy machines delivery partners must carry. Improvements in the payment system will resolve this, possible only under Fantom’s asynchronous processing speed.

Telecommunication

Fantom’s scalable ledger can minimize the cost needed to construct and maintain the domestic and international network infrastructure, while effectively providing authentication of personal identity information to prevent fraud. This will enable the largest telecommunication network never seen before, spreading the benefit of hyper-connected world to even the most marginalized areas of the world.

Retailers

Small retailers like restaurants pay 1-5% in transaction fees to various intermediaries. Working with partners such as the Korean Foodtech Association, Fantom will minimize this burden and provide a better customer service through a fast and low-cost transaction fee network.

Financial Services

A scalable distributed ledger will allow the development of financial products such as loans, equity management and derivatives across decentralised networks. Without a middle man taking fees, lenders and borrowers can meet peer-to-peer for loan agreements, which the distributed ledger will guarantee in its safety and even the preferential interest rate according to supply and demand.

Logistics

Production and distribution will increase in visibility and transparency, a core nature of distributed ledger technology. Applications can be built that can track the supply-chain from source to supplier. Inventory can be tracked real-time, optimal logistic routes are automatically applied, and brokers are not needed - every procedure completely private without any central authority. Large scale distribution can be as flexible and fluid as needed with Fantom’s scalability and processing speed.

Government

Government budget is often subject to greed and dishonesty, and corrective measures (such as auditing) cause excessive inefficiency, if not concentration of power and thus another corruption. Fantom’s high processing speed as well as scalability to host the entire governmental organization can maximize distributed ledger transparency while retaining the efficiency of a centralized system.

4th Industrial Revolution

Developing the core technology with the world’s largest software partners like Oracle and Softbank Commerce Korea, Fantom’s Opera Chain will open a new generation of decentralised networks. Maintaining a high number of Transactions per Second (TPS) and low Time to Finality (TTF) is challenging. However, Fantom’s Lachesis Protocol will create a fast, scalable and secure distributed ledger, applicable across all industries.

Internet of Things

IoT necessitates immensely scalable network, as a myriad of nodes, whether they are refrigerators, vacuum cleaners, security systems or pet-feeding automata, stay connected by default. Fantom’s immensely scalable network enables these nodes to communicate with smart contracts with a low Time to Finality (TTF).

The Opera Chain

Application Layer, Opera Ware Layer, and Opera Core Layer, these three layers allow decentralised applications to run. Instead of blocks, the Opera Chain processes a list of events asynchronously with no rights to modify previous confirmed transactions.

Opera Chain
line

Application Layer

Smart contracts for Payment, Reservations, Delivery, Commerce, Reputation, Logistics, etc.

line

Opera Ware Layer

Wallet, Compilers, Register based Virtual Machine, verifiable computing.

line

Opera Core Layer

DAG-based Distributed Ledger, Gossip about gossip protocol, Lachesis Consensus Algorithm

Structure

Atropos

Event blocks used to form a Main Chain.

Clotho

A witness event block with at least 2/3 nodes consensus.

Fantom VC

Coming Soon