[ICO]Open Platform — Future Platform, Connect, Harmony and Development.


Mar 14, 2018
Only in 2017, the sublimation of blockchain technology has attracted thousands of companies to pay attention to it. A core barrier to the wide adoption of blockchain platforms is their inability to make people easily integrate with existing infrastructure. There are many ICO projects that try to provide payment gateways, or applications that are appropriate for specific issues, but these projects tend to be hard coded for specific applications. To solve the problem, the OPEN team instead of offering a hard-code blockchain solution to solve the problem of in-app billing, decided to create a platform designed to facilitate the connection between centralized and decentralized

What is OPEN Platform?
OPEN is designed to make it easy for developers to integrate decentralized technologies into their current technology infrastructure. This is meant to facilitate mainstream adoption of decentralized networks. The OPEN Platform’s ability to port its API abstraction layer to other chains provides every developer the opportunity to port their payment schema to a variety of different platforms to capitalize on the different features within chains.

At present, there is no easy solution for application developers to integrate blockchain technology into their core infrastructure. The infrastructure to meet the app’s specific pricing plan and lack of ability to identify users on a decentralized platform has met the conditions of a particular pricing scheme, such as pay or have enough money to apply. Specifically, developers require a way in which they can integrate a decentralized payment gateway into their application’s custom payment scheme that is able to accept any cryptocurrency and synchronize such transactions with their existing backend. Blockchain technology can provide incredible benefits for application developers. Existence of technology exists in providing decentralized solutions to the essential core aspects of how applications operate in a common environment. Often, developers must go through a long process of testing by a centralized database in which every application update is thoroughly tested. This leads to a long backlog for developers to publish their latest updates that contain more efficient data structure or pricing models. Other issues with payment gateways exist when existing in-app purchase flows go through countless processes and third parties, adding unnecessary time and costs before coming to the developer’s account. OPEN provides solutions to this problem by using the sophisticated intelligent contract system of the blockchain system as transactional and verification tools for software applications. Not only are payments coming faster but also lower transaction costs along with the added benefits of a credible environment. This allows for unique benefits for application developers and users.

OPEN understands that the current payment system is not optimal, and they want to bring a new standard.

Current Payment Infrastructure
As can be seen in the diagram above, the current in-app billing process requires many steps and a significant amount of infrastructure. This process usually costs developers up to 30% if the application in question is a mobile application that uses a traditional app store. These transactions can take 30–60 days before the remaining funds are resolved and are accessible by the developer. Moreover, geographic boundaries and regulations imposed by hosting platforms to obtain their own profits limit the success of the application and the user’s experience.

Decentralized Approach
By leveraging the power of decentralization, it is possible to create a robust ecosystem that enables any application developer to deploy customized payment schemes across a decentralized network and accept cryptocurrencies as the method of payment. This further enables the reliability of information, eliminates single point of failure, and secures a level of data integrity that is impossible to replicate in centralized application architectures. To allow developers to anchor their existing centralized database to blockchain, OPEN provides the ability for any software developer to plug in blockchain technologies without drastically altering their existing backend processes.

With what I have shown, I believe that Morpheus’s project will be a worthwhile one. You can learn more about their greatness in the white paper attached below.

Development Team of OPEN:
A good project is indispensable talented people, here are some of their representatives face.

More infonation:

Website: https://www.openfuture.io/

Whitepaper: https://s3.amazonaws.com/openmoney/OPEN+Platform+White+Paper+2018-03-08.pdf

Telegram: https://t.me/joinchat/FDNbh0M079p5fnfOHFEJaw

Facebook: https://www.facebook.com/OpenPlatformICO/

Twitter: https://twitter.com/OpenPlatformICO

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-Author: Hoangvuhk3110

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