A Fintech is a company that combines technology with financial services. It can be payments, loans, investments or services for companies.

To talk about fintech, there must be a process of technological innovation or combination of technology and financial service that lends a facility to the user. If a financial institution has a website it doesn’t make it into a Fintech. Of course this is a very questionable gray, but if the Merchant of Venice sets up a website it wouldn’t have been the first fintech. Fintech is the way that you process your operations, how you make life easier for the user, and of course, how you disrupt society with the use of a new set of technology applied to your financial project turns you into a Fintech.

So today, we can say that fintech is an umbrella under which there are numerous companies, some more disruptive than others. There are those who innovated 8 years ago and those who are innovating today, tomorrow and next week. As our CTO,Gastón Krasny, says, “Innovating is an everyday process.” Or ask the “innovator” mini disk of the 90s.

First steps of the FinChain industry

Although the creation of Bitcoin by, the imaginary or not, Satoshi Nakamoto dates from 2009, it’s not until the last couple of years, with the advent of the ICO (Initial Coin Offering), that we talk about the solving different issues with blockchain technology.

Investoland will allow for a new set of FinChain companies.

Fintech companies, and fundamentally those related to investments, should be the first to migrate to blockchain. This implies giving users total transparency, traceability, internationalization, security, and immutability for all eternity. What else would you want?

Just as cell phones with internet technology, or now GPS with mass transportation means, came together to make your life easier, you are about to be disrupted with the combination of two major forces: Fintech + Blockchain, Giving place to what I call: FinChain.

In the world of online investments, much more than in others, the use of blockchain is of the utmost important to truly give the investor all the rights and protection that they should have but are cut short by the traditional banking and financial institutions. Not using blockchain is not doing everything that can be done. Not using blockchain is negligence.

That’s why in SeSocio we are developing Investoland, a global smart contract-governed investment network based on Ethereum that will revolutionize the world of investments forever.

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