The current financial system was designed in the 1950’s & 1960’s. It has largely worked in the time since it was developed and evolved from paper to electronic then digital. However, it is now antiquated as it stares down decentralization. 

The problem many old systems face is they are made to sound more complex than they really are. They keep out competition and inflate costs to the consumer. 

Blockchain technology is inevitable. China has made the first steps towards implementing its own Central Bank Digital Currency. Raoul Pal recently outlined why central banks around the world will begin adopting Digital Currencies. 

Verdian’s Overledger project aims to decentralize many of the friction points that plague online banking and e-commerce. It is a project open to developers and customers. 

“We have got this huge ecosystem of resources that people can transact and access between each other,” Verdian said. “You can pay for that within the ecosystem using QNT (The Overledger token).”

This ecosystem should open up pathways to both consumers and companies. Consumers who would not have access to current products and services will now be able to participate. Companies who could not reach those consumers will now be able to expand their client base.  Complexity and risk controls will now be built into the very systems that enable that communication and will save costs.