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HOW TO Infrastructure of The Wireline Platform: Tokens, Marketplace & Components of the System


Wireline’s structure has been designed specifically to develop and support cloud-scale business applications. Our team has the vision to bridge the gap between businesses and developers via Wireline Hub (Exchange or Marketplace). This not only facilitates the open source developers to sell their legalized services but also allow the business owners to take maximum benefit from the extended open source community. Wireline Development Fund serves as the catalyst for the system as it plays a key role in initiating the process. The blend of different strategies offers the best possible resources to generate a flourishing platform to design and develop business applications. The combined effect between different components will definitely generate a positive feedback loop.
Mostly, open source community projects do not have direct funding resources. The Wireline Exchange or Marketplace has transformed by bringing successful projects into revenue stream. It can be based on pay-per-usage revenue model or for obtaining and using the premium features and solutions. This results in immediate benefits from businesses which have greater impact to shift towards new technologies and will affect the designing of new features for the platform. The platform will grow exponentially after more businesses and enterprises joining the Wireline system.
The economy of the Wireline platform depends upon a token published by the Wireline team to benefit all the components within the system. Certain advantages are there for token users. The first one is that token makes transaction within system easier and smoother. Users do not have to pay additional transaction charges, lowering down the costs both for producers and clients (consumers). Moreover, with Wireline tokens, one does not have to bear any currency conversion fee, providing better shielding mechanism against currency volatility in market. Wireline token has the ability to generate micropayment and price sharing models for multiple vendors. The most important and key thing of tokens are the use of blockchain technology in them as it ensures the transparency. All participants can see each transaction under process. The different components in the system have advantages of using tokens in different ways.
Developers: Developers can offer multiple services including natural language processing, analysis and translations, to earn maximum revenues. Developers receive tokes for the professional services they are providing via the Wireline Application Exchange (Marketplace or Hub). They have the independence to set their own pricing models. Tokens also show the status of the developer. Those who have earned more tokens will be considered experienced enough to be relied on for larger projects. It can earn them with multiple rewards and compensation.
Businesses: Businesses use tokens for the obtained services and business application development. Wireline allow all contributors of the system to view who is the most successful and reliable developer and which industry or business has the highest potential for services. This all helps them to select the most efficient one and pay for effective work. Use of blockchain further enhances the confidence and trust of the clients.
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