Crowdwiz — A Peek Into The Future Of Financial ServicesAuthor: Company AnnouncementLast Updated: 25 September 2017 CrowdWiz is the first of its kind, self-governed investment ecosystem, aiming to reshape today’s financial industry by combining the latest blockchain technologies and the concept of ‘crowd wisdom’.Built on the Ethereum blockchain, our technology will make financial services safer, smarter and accessible. Investors will benefit from them in a new, transparent way, and will be in full control of their investments. All of this will happen with no middlemen and no hefty fees.CrowdWiz will develop a suite of investment products all centered on the concept of the wisdom of crowds.The first products to roll out will be CrowdWiz Fund and CrowdWiz Exchange but will be soon followed by Crowdwiz Lending, Crowdwiz Insurance, CrowdWiz Real Estate and many other financial investment platforms.What is the ‘wisdom of the crowd’?The concept of ‘Wisdom of crowds’ can be dated back to 1907, but it’s James Surowiecki that has most recently studied the concept in depth. According to the theory, crowds often reach conclusions that are more accurate than those taken by an individual, even if that individual is an expert in his field. The reason why crowds are smarter is because of their diverse range of views, open-mindedness, and culture of sharing.CrowdWiz FundImage: How does the WizFund work? | via CrowdWiz Facebook pageA crowd wisdom crypto fund which enables its members to decide independently how and where the fund should invest. All of this is done through a fully transparent voting process on the blockchain. Through the platform investors are granted the necessary tools to create a crowd wisdom fund of their own or join and invest in newly created ones.A crowd wisdom crypto fund does not have a central power of authority; there is no fund manager to make decisions on behalf of investors. All participants can vote and the wisdom of the crowd determines what the fund’s next investment is going to be.CrowdWiz ExchangeAn exchange platform managed by the crowd, where token owners are empowered to determine, through a voting process, which tokens are going to be listed or removed from the exchange. The platform also enables them to delete assets, if they suspect any fraudulent activity. Token holders share the income from the exchange fees: listing fees, yearly fees, and spread fees.The WIZ tokenImage: Why it’s crucial to get our #WIZtoken on time? It gives you voting rights across the entire ecosystem and you can trade it on the WizExchange | via CrowdWiz Facebook pageThe WIZ Token is the beating heart of the CrowdWiz Ecosystem. WIZ token owners have access and voting rights in all the WizCrowd investment products and are also granted with a share of the profit made by the fund, the exchange or the other financial services provided by the community. There is also a mechanism in place to incentivize the activity amongst the Community, by rewarding those who participate in the voting and those who put forward new investing opportunities. Every newly created CrowdWiz fund and investment product, will increase the Wiz Token’s value for everyone’s benefit.Who is behind the CrowdWizCrowdWiz is powered by Krypton Software, part of the Tradologic Group — a leading FinTech software developer since 2008. Tradologic has a user base of over 5 million registered users; with a cryptocurrency wallet opened for their benefit at launch, the WIZ token will be one of the most popular cryptocurrencies among mainstream users. Upcoming ICO Soon we will be launching our token sale, for more information visit us at www.crowdwiz.io or join us on Facebook, Twitter, and Telegram. Featured image via CrowdWiz Facebook pageDisclaimer: this is a press release written by CrowdWiz. Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Please note this is no investment advice.The post Crowdwiz — A Peek Into The Future Of Financial Services appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.