ALSC is the solution to the trusting issues

‘How do you think of the unprecedented shocks and changes brought to the global economy by the financial tsunami in 2007 and 2008’?
According to Mr. Edward, an independent reporter of BANCA OF HORIZON COMMERCIAL, believes that during this financial crisis, what comes after the enormous financial loss is a lack of faith of the government and financial institution.
As the result of the surveys from the US and UK in 2007-2012 shows, citizens’ trust in banks (as one of the biggest financial institution in the industry) has fallen sharply after the financial meltdown, said Mr. Edward. 

data source: The Financial Brand, Mar 20, 2012

After the financial meltdown in 2008, people were seeking for a more trustworthy system to invest their wealth in, until the birth of blockchain in the year 2009, in which everything’s based on crypto proof instead of human trust. However, it couldn’t solve the trusting issues appeared in life and work, especially in the financial field.
It wasn’t until the existence of ALSC that people were able to see the possibility of solving the trusting issues.
ALSC is not only a single blockchain project, but also an integration of many research results of blockchain-based distribution cloud application. Generally speaking, ALSC will play an important role in identity safety, transaction freedom and decentralized finance& commerce.
For a long time, the trust between citizens and financial institutions are established and rely on laws, contract and good morals. The traditional business model requires massive manpower with a long, tedious and low-efficiency business cycle. With the domination of the digital world nowadays, financial users’ personal information is under the risk of hacker attack, data loss, illegal transaction, etc. even the users themselves couldn’t grasp their own data because of problems like privacy leakage, stealing, usurpation and so on. With these extremely severe problems threatening the trust-building process, the technical innovation has become an irresistible trend, so here comes our ALSC, just born at the right moment. 

So how does ALSC solve the trusting issue that heavy existing in the traditional financial system?
The result comes to the smart contract framework of blockchain, it can realize intelligent encryption intelligent authorization and node decentralization. The asymmetric encryption property of blockchain itself is utilized to prevent personal tampering, thus weakening the ability of hacker attack. In addition, it is also available for programming to make regular automatic examination, which greatly reduces the probability of man-made embezzlement, effectively protects the big data security, as well as effectively reduces and even avoids the financial risk of magnifying potential loss caused by the man-made moral elements and data centralization.
Moreover, ALSC will conduct the digital iteration to the traditional assets by combining with the traditional securities, trust, commercial banks ad P2P platforms, in order to make assets diversified and increase the credibility of financial service. Mr. Edward believes that on the basis of bring convenience to the people, the long-standing problem of trusting issue has also been solved by ALSC, which perfectly proposes the best solution for our citizens with uncertainty of trusts.
More News From

Europe's specialty food makers brace for US tariffs

Nov 13, 2019

MILAN — European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5 billion on a range of European goods were approved by the World Trade Organization as compensation for illegal EU subsidies to plane maker Airbus. The U.S. has some leeway in deciding what goods it puts tariffs on. So while it is taxing European aircraft goods an extra 10%, it...

The Latest: Pence heads to Mideast as Turkey attacks Kurds

Nov 13, 2019

WASHINGTON — The Latest on the United States and the military withdrawal from northern Syria (all times local): 6:20 p.m. Vice President Mike Pence says he's being dispatched to the Middle East by President Donald Trump as U.S. troops pull out of northeast Syria and Turkish forces invade. Pence says Trump spoke with Turkish leader Recep Tayyip Erdogan earlier Monday and called for an immediate end to Turkey's moves against the Kurds in Syria. Pence says the president is "very concerned about instability in the region" and is denying that Trump gave Turkey the green light to launch the invasion...

Asian stocks gain after US, China announce truce on tariffs

Nov 13, 2019

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

Impeachment dominates, but much other work awaits Congress

Nov 13, 2019

WASHINGTON — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to work this week with mixed hopes of success. It's a difficult-to-predict time when it comes to possible deals between President Donald Trump and House Speaker Nancy Pelosi, who's kicked off the impeachment inquiry. An important trade agreement has a pulse. An effort to deal with prescription drug prices seems stuck. Divided government has produced scant results thus far, except for a small-scale budget deal that lawmakers are struggling to put in place....

Kosovo election winner in no rush to restart Serbia talks

Nov 13, 2019

PRISTINA, Kosovo — A left-wing party leader poised to become Kosovo's next prime minister said Tuesday he isn't in any rush to restart formal talks intended to normalize relations with Serbia and won't lift the previous government's 100% tariff on Serb imports. In a general election held Sunday, Albin Kurti's Movement for Self-the Determination, or Vetevendosje, defeated center-right political groupings formed by former Kosovo Liberation Army fighters who had governed since 2007. Kosovo, a former Serbian province, declared independence in 2008, a decade after an insurrection by KLA fighters and Serbian strongman Slobodan Milosevic's bloody crackdown launched a 1998-99 war....

Walk The Biz welcomes all casual and easygoing readers who seeks to digest business travel to international trade policy to starting in the transportation & shipping industry.

Subscribe to our newsletter now!