Quick jump
Hello and welcome to this blog post about Apollo Currency APL White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Apollo Currency APL white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Apollo Currency (APL).
I can ensue you that, you will be able to understand every bits and pieces related to Apollo Currency (APL) after going through the Apollo Currency APL white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Apollo Currency APL White Paper
Apollo Currency APL white paper will be going to provide you, all the information that is needed to get started with Apollo Currency (APL), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Apollo Currency (APL).
Introduction
“ The economic efficiency of any organization or company largely depends on the level of coordination and usage of the necessary data. The more efficiently a company uses information resources, the less their associated costs become. That is true for financial institutions of all ranges: from small companies to government.
A similar approach is considered in detail and studied in the framework of the so-called transaction cost theory [1]. At the same time, with the growth of the scale of the company, the amount of information used increases significantly. Their interconnections and channels of use are becoming more complex. All this leads to a significant increase in transaction costs and a decrease in the effectiveness of the company.
A possible effective solution to this problem is to use a distributed ledger technology (hereinafter – DLT). A blockchain technology (as a variety of the DLT) usage is a trend of recent years. However, until that time there was no single platform for multiple applications.
The Apollo DLT platform and, in particular, Apollo Fintech, are a universal solution for a wide range of applications that will be considered in this document. It will be shown that usage of the Apollo Fintech is not limited to companies of a different scale: from customer to government.
Apollo also offers a higher level solution – the Apollo National Currency Platform (see sec. 3. “Government Products” of the current document for details). In all considered cases of application, regardless of the organization scale, Apollo platform allows to flexibly, efficiently and reliably organize the data management. Thus, it significantly reduces transaction costs and increases the efficiency of such an organization. “
White Paper Link: Apollo Currency APL White Paper
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