Technological innovation is often regarded as the primary driver of long-term economic growth, and the pace of innovation has arguably never been faster. So it is unsurprising that a growing number of development experts have focused their energy on exploring how new digital technologies could be used to reduce poverty and improve the lives of the poor. The idea that innovation can help to not only reduce poverty at low cost but also improve how the public and private sectors function has obvious appeal, particularly in a world where development aid agency budgets are under increasing pressure.
The potential of blockchain technology
More recently, development experts have turned their attention to the potential of blockchain technology to address long-standing challenges related to economic development. At its heart, a blockchain is a data structure in which participants agree to every modification of data on a network. Once a data modification has been agreed to, it is combined into a “block” with other modifications that have taken place within the same, short timeframe. This block is then appended to a chain of previously agreed upon blocks, creating a complete record of all the data modifications that have ever taken place. Cryptography (encoding) is used to ensure that previously verified data modifications are safe against tampering by any participant or minority of participants, and that no new modifications can be made without detection. As a result, participants can trust the data held on a blockchain without having to know or trust one another and without having to rely on a central authority like a bank, credit card company or government. For this reason, blockchain technology has been referred to as a “trust machine”.
What is Utemis?
“UTEMIS is the first e-commerce that decentralizes businesses reputation on the Blockchain and unificates Latin America into a single economic space. Something happens; you get 100% of your money back. With UTEMIS, all Latin American businesses have the same opportunities to grow than the Chinese had. This is the power of decentralizing economies. By decentralizing businesses’ reputation on the EthereumBlockchain, smart contracts automatically compute your behavior on every transaction, accelerating trade for millions of small and mid-sized companies in Latin America.”
The Chinese e-commerce giants use an escrow account that protects the buyer. UTEMIS escrow account works in exactly the same way, your money is always protected and if something happens, you get 100% of your money back.
Utemis is Solving a big problem
Banking transactions in Latin America are extremely expensive, take several days, and are very bureaucratic, with UTEMIS businesses pay instantly, save up to 99% on transaction fees, no banks involved and you are making your money work for you. UTEMIS uses the latest technology to give everyone a fresh start, a new opportunity to do things right. At UTEMIS everyone has a clean slate – you write your future on the Blockchain. No matter what you did in the past, or where you come from. You can do business now without corruption, save costs, eliminate fraud and avoid bureaucracy and red tape when buying & selling goods in Latin America (also in the U.S. and Canada). You will only pay if you are 100% satisfied with the goods. More so, your money will always be protected.
Utemis Token Sale
Utemis Pre-ICO sale Started: January 8, 2018 and will end January 25, 2018. The First Period of ICO sale Starts: January 25, 2018 and ends: February 8, 2018 (Bonus: 20%). Second Period of ICO sale Starts: February 8, 2018 and ends: March 8, 2018 (Bonus: 15%)
Utemis Team
UTEMIS team has an extensive professional experience in the banking industry. This team knows the business, knows the territory, knows what needs to be done and has done it before. The Advisory Board is particularly strong in banking and in particular in payment platforms. The Country Managers are successful entrepreneurs that know how to make things happen.
For more information, and participation in their Pre-Sale and ICO today kindly visit: https://www.utemis.com
