However, public blockchain is inadequate to support the needs of today’s business. Businesses want to move their blockchain applications to a public blockchain to achieve global scale, but cannot due to a variety of reasons:
Blockchain technology is dramatically transforming the way businesses and individuals collaborate.
While there are several efforts to address these issues, none bring them together in a single public blockchain.
Owned by business participants
Verified KYC member
Enterprise security & performance
From Private Blockchains
From Public Blockchains
Mercata offers numerous features
The Mercata Network will be run as a for-profit legal corporation in the model of an industry utility.
Participants buy equity in the organization and receive “governance tokens”
Voting in the network DAO, which includes appointing network validators
Sharing of network profits with validators receiving a higher percentage of profits
Network participants must be accepted by the governing body and KYC’ed by a BCA
Participants can manage individuals account and nodes that represent them on the network
All transactions are digitally signed, making them legally binding according to US law
On Mercata all in-blockchain payments will be made via approved, fiat-backed stablecoins
Before blockchain transactions participants will link their organization to a stablecoin account
There’s a small transaction fee, which will be public and set by the governing body. Stablecoin providers may set their own fees.