Asure Network is a layer 2 scaling network that enables fast, easy and secure transactions for not only payment transactions, but also generalized smart contract. Founded by German insurance and technology experts, the network enables everyone to quickly build, operate, and use highly scalable business applications through innovations in multi-chain scaling techniques and incentive-aligned crypto economics mechanism designs.
What Problems Does Asure Network Solve?
We are developing Asure Network as an infrastructure for social security systems of the future. Our goal is to provide access to 4.1 billion people worldwide who have no access to social security systems today. The existing social security systems are based on centralized databases, intransparent processes, fraud, corruption, labor-intensive processes and lack of trust in systems are the challenges we solve with the help of blockchain and thus we create a global inclusion in the social security market, just as Bitcoin allows for inclusion in the financial market.
Asure Network is a public blockchain that enables you to run complex business applications such as social insurance systems.
By using a multi-chain architecture, individual applications are distributed and scaled using sub-chains, resulting in high transaction throughput. The integrity, traceability, and transparency of the blockchain technology can create a high level of confidence in the accuracy and fairness of the implemented business processes. This is in direct conflict with the protection of user-related data and privacy standards such as the EU General Data Protection Regulation (GDPR). Integrating zero-knowledge-proofs and decentralized identities give Asure Network the ability to resolve this conflict.In the future, there will be many specialized blockchains for various applications.
Asure Network uses bridging technologies to connect to other blockchains and allows the use of business processes across block boundaries. Ethereum is the first blockchain to be connected to the Asure Network.
The main value driver of ASR token?The main value driver behind the ASR token price is the demand from the ecosystem where the token can be used in proof-of-stake consensus mechanisms and network governance. The Asure Foundation has already developed several application scenarios and needs a scalable network for sustainable operation. Social security systems cause large transaction volumes. By using the ASR tokens for transaction fees in the network, the demand for the ASR token and thus the value of the token increases.
First scalable decentralized social security network