Ekta - Bridges Blockchain with the Physical World.
Overview
The emergence of bitcoin over a decade ago and the entire cryptocurrency and blockchain industry later on created vast opportunities for a decentralized space to thrive virtually. While that has merits of its own, human beings are still physical creatures requiring physical necessities as well. This separation by the digital and physical world has provided gaps, but this is where protocols like Ekta have emerged, intending to close those divides. Ekta aims to combine the best of both worlds by eliminating centralized governance systems and bridging people, businesses, and industries.
What Is Ekta?
Ekta is one of the most unique projects in the crypto space. It has been created as a bridge that can finally bring together real-world assets with the blockchain. Therefore, integrating traditional finances and industries with assets supported by this digital technology.
Ekta’s vision is to create a world where blockchain technology is used to give everyone a chance to live a better life. A new ecosystem is needed, one where people from different backgrounds and socio-economic circumstances can participate freely, without the barriers and inefficiencies introduced by centralized governing bodies.
Ekta’s mission is to bridge the blockchain world with the world we live in, and to create value in both. This is accomplished through various branches of the Ekta ecosystem, which include:
- The tokenization of real-world assets through Ekta Chain and Ekta’s self-developed NFT Marketplace
- Ekta’s decentralized credit platform that allows all users to participate
- Physical spaces such as the island chain currently being developed in Indonesia, where physical land and real estate assets will be brought on-chain
- Ekta’s startup incubator and innovation center open to retail investment
- Land development - Ekta’s first physical spaces are located on and near Bali Indonesia, where aim to develop and tokenize land and real estate to bring on-chain, including residential villas, an incubator for startups and entrepreneurs.
- Community development - Ekta empowers a thriving ecosystem of communities, which includes investors, entrepreneurs, public companies, employees, islanders, and influencers. Each of these communities plays a vital role within the Ekta ecosystem,
- Startup incubator - Ekta's startup incubator supports the development of startups and entrepreneurs that are funded and coached by experienced business professionals, investors, and venture capitalists associated with Ekta.
- Real estate - Ekta makes real-world assets such as property more accessible through tokenization and NFTs, connecting entrepreneurs and everyday people with instant and secure access.
- Natural capital - Natural capital refers to the wealth of resources that make up our natural world, including water, air, soil, habitats, and ecosystems. Ekta unlocks the true value of natural capital through tokenization, making it easier for people everywhere to invest and earn while promoting sustainable development.
- Public sector - Many societies suffer from archaic management systems that are cumbersome and expensive to maintain while posing obvious security risks. Ekta provides solutions that can secure personal data, drastically increase efficiency, and build trust through transparency and accountability.
- Make real-world resources such as natural capital and property more accessible through tokenization and non-fungible tokens (NFTs),
- Connect entrepreneurs, retail participants, and everyday people with instant and secure access to resources through decentralized systems that we’ve already developed and will be developing in the future.
- Consensus mechanism - Ekta Chain uses the Ekta proof of stake (EPoS) consensus mechanism which ensures low transaction costs, low transaction delays, and high transaction concurrency and supports up to 21 validators
- Green Technology,
- Next-Generation AI,
- Blockchain,
- Internet of Things,
- Artificial Intelligence of Things,
- Renewable Energy,
- Sustainable Lifestyle Consumer Goods and Services.
- Token Name: Ekta
- Token Ticker: EKTA
- Blockchain: Binance Smart Chain
- Total Supply: 210,000,000
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