The ECOMI Ecosystem is a secure digital economic ecosystem supported by Ecomi Technology Pte. Ltd. ECOMI aims to bring blockchain technology to the mainstream in one user-friendly platform. It offers the many benefits of decentralization, privacy, and control in the palm of your hands, made possible with our Secure Wallet and One cards. At the core of ECOMI is a desire to create a range of usable and functional products, which will be achieved using a mixture of existing technologies, proprietary tools, and numerous standing partnerships.
It aims to address current security issues associated with the use of applications developed on blockchains and cryptocurrency, through the Secure Wallet, and ECOMI One (physical hardware). If private keys are not stored offline, they are potentially exposed to greater risks. Since the beginning of cryptocurrency, billions of dollars have been lost to hackers and theft, and the most secure and practical solution thus far is to store your cryptocurrency / private keys, and decentralized applications (DApps) access on an offline device, such as a cold-storage hardware wallet.
The economic aspect of the ECOMI Ecosystem consists of creating a digital finance management platform allowing users to spend fiat, cryptocurrencies, and OMI Tokens, anywhere around the world. The 2nd generation of the Secure Wallet, the ECOMI One, aims to offer P2P exchange of digital assets, lower transaction costs, increased speed of payment, and overcome international payment boundaries.
The ‘digital ecosystem’ refers to apps and services that reside in the Ecosystem and within the functions of the Secure Wallet and ECOMI One device. These DApps and services will be created by ECOMI initially, and eventually any user who wishes to launch their own app, or business, in this Ecosystem. The ecosystem will offer the opportunity for anyone to participate, and benefit from the development and growth of the ecosystem, and enjoy the many benefits of cryptocurrency, blockchain technology, privacy and control.
The scope of the this Ecosystem is potentially wide and it can be achieved by establishing a range of partnerships with established leaders across multiple industries. This will provide a technological baseline on which ECOMI’s products and services may be built, thus streamlining many areas of the technological development. ECOMI intends to utilise these partnerships, and integrate them with the Ecosystem’s vision, to bring to life an amazing range of products and services.
As the uptake of this Ecosystem increases over time, it is expected that the ECOMI Ecosystem’s network value and utility will also increase, based on Metcalfe’s Law and Social Theory. This, in turn, is likely to help fuel further expansion and developments within the wider ECOMI Ecosystem.