I do not understand much about the situation in the foreign exchange market, but it is interesting to know what are the prospects for AIDUS?
According to the Financial Times on October 30th 2017, the international consulting firm PwC(Pricewaterhouse Coopers) has announced that the global asset management market size is USD 85 trillion as of October 2017 and it is expected to expand to USD 145 trillion by 2025. For comparison of the figure, according to the data released by the International Monetary Fund(IMF) on the global GDP figures for 2017, the total output of the top 20 countries is estimated at about USD 90 trillion. This shows that the total volume of GDP of the top 20 countries is similar to the current global asset management market volume, which constitutes to the single largest market in the entire world.
What are the reasons for choosing a key asset management market to launch your project in this industry?
Aidus project was created thanks to the fact that we understand how to solve the existing problems of the market. In particular, the existing system has such features:
- Difficulty checking which country administers the fund
- The presence of a language barrier
- Often, 2 or more level currency exchanges are required.
These obstacles in the current system basically mean that it is impossible for an individual or an institution to personally select, sign in, and order a redemption for a fund item operated by a foreign asset management company. This, in other perspective, points out that there is a strong demand and needs for a decentralization in the global asset management market through the Blockchain technologies.