Cloud Money - Global Business Made Easyby Michael O Norton Forex Trader
The Principle of Cloud Money
Cloud Money can be seen as a powerful and no-cash alternative to central internet business. It is not mobile money, neither can it be referred to as digital cash. It is abstract money with real assets and credit unit.
Imagine billions of dollars flowing over the air (not in a literal sense.) Weird right? Of course. But with what cloud computing has achieved in recent times; which ranges from cloud storage to cloud communication- cloud money could be one of the prominent innovations of this technology.
How It Should Work:
This days, no matter how digitally worthy credit/debit cards may seem, they still end up as physical cash in the hands of their owners or users. If that is the case, why then should we make a card for money, when our initial purpose for developing all these things was to practically eliminate the hazards of paper money? Nonetheless, cloud money will cover this transgression of digital cash. It will give business organisations an edge and a step forward to solidity and proximity.
For this innovation to work, A standard organisation for cloud money (like every other ones), should be in place to set rules, terms and money policies. Things like business assets and market age of a company should determine the units in that such organisation possesses in her cloud account. This accepted standard body will serve as the unbiased and impartial cloud bank with no room or expectation for physical money or paper fund.
Pros of Cloud Money:
Cloud Money has so many advantages as well as demerits. But in the course of this piece, Yee Kok Siong outlines what will make this cloud economic object a preferred means of today's business world. Vis-a-vis:
- Easy and Simple Money
- Real Time Saver
- Sky business process
- Globally accepted Single Money System.
- Easy and High profit marginalisation.
- Easy discount and transaction deal
- 99% Fraud Eradication.
- Regional Technological Upliftment
- Global acceptance of a single trading system.
- Global Improvement of Technological Know-how.
- Bridging the Eco-business divide existing amongst trading nations.
The list above is never an exhaustive one. But with the insight of what the cloud does for us, then our money can also find its way into it as well.
Nevertheless, every thing perceived and seen as good has a side to it that hurts. But with every indications, cloud money will really win the heart of nearly every modern business mogul today. The internet has really saved business, improved inter-communication and expanded the spectrum of both the online and offline market place. So, cloud money will come to stay and it sure will remain to offset and balance the instability of our entire business world.
Created on Mar 31st 2019 06:33. Viewed 276 times.
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