No middleman required
Like a free and fair marketplace where everybody is welcome, a peer-to-peer operation allows transactions to take place without any need for a middleman – avoiding the delays and costs such intermediaries inevitably bring.
A peer-to-peer, or P2P, network is a communications model made up of several decentralised devices that store and share files without any central administration or server.
All the devices are connected and each maintains a complete copy of the transactions ledger. The automatic comparison of ledgers ensures data is always accurate and up-to-date. This is unlike traditional client-server operations, such as a bank, where transactions are stored and managed only by the bank.
Traditional translation services require a middleman – an agency that connects buyers with linguists who carry out the work. With Exfluency™, we use the benefits of blockchain technology to create a seamless, automated and cost-effective peer-to-peer matchmaking process – no middleman required.