And this would imply several things. For starters, the genesis of new opportunities presents a bigger problem block as far as exploring these new fields is concerned. Secondly, implementing a trusted and reliable avenue for sharing the proceeds exploited from these all-new opportunities is a dauting tasks. For this reason, it is easy to see why implementing a system that mimics the operability of TrustUnion is imperative and urgent.

What Is TrustUnion?

The aim of TrustUnion – according to the developers behind this legendary project – is to greatly cut down the total cost of building trust on a much larger (even global) scale. And this is, by all means, no mean feat. This system is set to replicate the model behind the operation of real-life trust in the digital front by tapping into the limitless capabilities of Blockchain Technology.

How TrustUnion Trust As A Service Works

As such, TrustUnion is built on the premise of fresh opportunities that are heralded whenever mutual trusts in transactions is present. This way, if this kind of trust is present it is very likely for a plethora of possibilities to open-up in such a way that any business environment becomes a potential breeding ground for the evolution of fresh ideas that can generate profit.

Secondly, TrustUnion aims to enforce trust accountability, something that have of late become an expensive and rare gem particularly in a market that is worth over $29 trillion. And this stems from the fact that as long as you are a seller of services and goods or a consumer, it goes without saying that you will be forced to sacrifice your time, privacy and money in obtaining a trustworthy business profile. Not only is this cumbersome and time-consuming but also predisposes the entire market segment to fraudsters and impersonators. In fact, it is one the reasons why cracking down financial crimes in the conventional world has proven almost futile.

To mitigate these issues, TrustUnion has invested a way of linking up the existing chain of trust in such a way that it is virtually unfakable by implementing several tenets that govern mutual trust. These links that are formed in the aftermath of implementing such a technology are typically based on trustworthy and real connections that a user has made in their entire life. In this case, they will be an incentive to re-create these connections based on the experiences that one has had in real life.

Lastly, after the implementation of TrustUnion, one's identity will no longer be based on the premise of personal data alone. Rather, the idea of trustworthiness will revolve around the level of reliability among one's connection. This way, one will be able to ‘transport' or export this kind of trust across a rich variety of services and even jumpstart the building one's personal Trust capital.

Lisez gratuitement le quotidien Finyear & sa newsletter quotidienne.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.

Read for free The daily newspaper Finyear & its daily newsletter.
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in digital finance, corporate finance & crypto finance.

----------------

Chaineum - Conseil haut de bilan & stratégie blockchain
Conseil en opérations de haut de bilan : ICO STO advisory, levée de fonds, M&A.
Conseil, stratégie & accompagnement de projets en technologie blockchain.
Besançon - Paris + réseau international de partenaires.