Dec 19 2017
BANKEX As A Future Platform For Better Asset Markets
The problem with the asset market usually begins with liquidity. The problem has always been an unavoidable problem in traditional asset markets. Therefore, a decentralized system is needed to create a new standard that addresses various issues related to liquidity in the asset market. The decentralized system should also be pursuing an innovation for the realization of an asset market with a high degree of accuracy.
The platform builds to make a decentralized capital market. The BANKEX platform also creates the Internet of Assets (IoA) based on Bank-as-a-Service (BaaS) principles and is supported by the Internet of Thing (IoT) technology and Artificial Intelligence (AI). As a new standard, the protocol is open to third-party Fintech providers and all of the previous financial institutions.
As a platform that seeks to become an organization that brings together financial market members to build a community, BANKEX implements the Proof-of-Asset Protocol that can benefit from the use of shared assets. PoA can solve the problem of assets that can not be understood by traditional liquidity. PoA, in essence, is a combination of BaaS and blockchain technology in the system to help the development of better transactions.
BANKEX ecosystems are created to produce Fintech and Tokenizing products on financial assets. PoA can be applied for approval of BANKEX foundation in Smart Assets. PoA offers a kind of solution like an instant audit of an asset. With the PoA, every investor will be aware of the status of the invested in each company and non-public assets. Indirectly the application of the PoA system will demand the market to change regarding lawyers, accountants, auditors, banks, and collectors.
In the end, each system is built just to facilitate users and increase the benefits that may be obtained by everyone. Increasing the amount of information on commercial operations is a new opportunity for the development of the AI economy. The growing knowledge of technology will make all facilities established at the lowest possible cost. All parties work competitively to achieve economic value for the benefit of modern society.
BANKEX as a Decentralized Modernized Financial Markets
One business model that enables the development of a new financial system is BaaS. That is because Baas has integrated with existing technology following the law and jurisdiction. The Fintech company also wants to launch a new product that is expanding into new markets. The inventor of BaaS was initially the front store, which built access to end clients such as banks, Fintech companies, internet platforms, stock exchanges and insurance companies.
BaaS can retain clients since the beginning of its development as it provides cutting-edge technology for clients. Besides, the products offered are also very competitive in the market and still maintain the best technology. Fintech is a company in the market with a role to lend solutions to preserve and monetize clients.
The working model applied is the client end model that is considered most beneficial for BaaS. The BaaS platform is an integrated window where corporate clients and retailers can choose and receive the full range of services offered by all types of banks. Besides, clients can also accept all offers related to technology from different countries.
BANKEX is the right platform to maintain the status of a critical element of a monetary economy in the world. Fintech and IT companies must always complement each other in a mutually beneficial way to keep the system running and growing. By complement, each other will enable the emergence of innovation system of new technology making it easier for every user.
Using Microservice and Blockchain Architecture
One of the network modules that can ward off crime attacks is microservice architecture. This architecture can run independently. The approach used is the application structure which will be broken down into several smaller independent internal components. The use of microservice design has several advantages.
Autonomous ownership may vary from each microservice and the ugliness contained in an application. The application micro-component can be developed and tested in autonomous decentralization. Using microservice helps scalability that can be improved. The scalability in question is an independent scale of the other components and the on-demand range.
The supports continuous delivery and distribution of micro components. Users have proven that the use of monologic architecture is more comfortable in implementation, control, and deployment. Microservice crimes require more careful management as they are guided by different servers and use the API. Such an architecture will make it complicated for applications to develop.
Ethereal blockade service uses blockchain architecture. That network is a network that uses the concept of micro-services. The advantages of the system are the advantages and reservations because each job node is autonomous. Besides, service discovery for automatic configuration on network topology. Network capability is extended through other types of micro usage.
The BANKEX liquidity protocol is a series of smart contracts that have been updated. But intelligent contract renewal remains on the link between API calls. The development of BANKEX follows the traditional microservice architecture concepts with Oracle system creation. The established protocols are strictly designed by the principles of micro-services. In this case, the developer calls the contract created as
Blockchain’s Service Architecture. Blockchain services are used in system development because they can automate the transaction chain, increase reliability, transparency of transactions, and remove any form of inefficiency. The blockchain is one of the technologies used in the platform because it can reduce the risk of human error. That will make your business faster and cost less. Blockchain architecture services can build the platform in the best possible way.
The Roadmap Of Development BANKEX
As a renewable system that provides many advantages and conveniences, BANKEX has been developed since 2009. Through a long project trip, BANKEX is ready to be present in the world community as a platform that offers various advantages for the asset market. Its presence has been awaited by the people marked by the many investors who contribute to ICO. At Pre-ICO only funds have reached $ 1.5M. Here is the roadmap for the BANKEX project.
The development of BANKEX began in 2009 when Igor Khmel understood the financial world that will continue to experience global change. To contribute to the economic society and studying finance, he entered Stanford University.
In 2010, Igor Khmel successfully apprenticed at the investment group, Citadel. The team was the most successful funding groups, with most of all the employees knowing the programming language. A main compiling in the perspective of financial market perspective and opportunities is when meeting with Draper Team in 2012 and Bancor’s future advisor. Finally, in 2012 Igor Khmel convinced Herman Gref as the lead of the bank that has highest profit in Europe to make the Innovation of lab Sberbank, led by Igor.
Then Igor Khmel met with Ilham Hatypov and Dmitry Dolgov in 2015 and emerged a deal to establish the BANKEX business as a development of the previous Fintech innovation laboratory. In 2016 BANKEX Fintech Lab started the operations every day and began building a blockchain development department, befriending Sasha Ivanov. In this year the BANKEX group also succeeded in winning the hackathon blockchain that organizes the financial group Life.SREDA, have created some solution to a p2p trading agreement based on Telegram delegates, can get some transactions with Etherum blocks. BANKEX initiated technical interaction with the team from Chrono Bank.
BANKEX and Microsoft agreed to sign a partnership on the development of blockchain technology. Developers receive the sponsorship from Microsoft Azure funds of $ 120000 in February 2017. BANKEX gets the status of the Securities Advisory Adviser. In this year, BANKEX also is a platform with Bank-as-a-Service and join with more than six banks. Furthermore, strategic partnerships are formed with the exchange of M-Deposit.
In July 2017, BANKEX released the PBX token use Ethereum blockchain. Pre Token Sale is proceeds of more than $ 1 500 000. Now, BANKEX has released the demo version with a Proof-of-Assets Protocol, which offers the source of new capital to real assets on the FinTech Platform that signifies solutions for businesses.In this year BANKEX labs managed to achieve profit from the first product. Ecosystem Protocol Evidence BANKEX benefits with Fintech FinDelivery and KYC Smart Asset subsidiaries.
In the year 2018 is planned to reach KYBAN BANKEX Adapters and Commercial Implementation of the first Plasma Light. The platform needs to get some partnerships with banks to have the preparation of the token sales for fintech community. In 2019, the BANKEX Co-investment crypto fund for ISAO. Licensing from banking and any other part to support for banking services in leading countries is also planned to be obtained by 2019. After all the process has passed, the two-way financial bridge on crypto & fiat will begin to be available by 2020.
Using a very mature and purposeful concept, BANKEX is coming soon as an asset market platform that is ready to benefit every user in the ecosystem. Using a combination of various renewable technologies makes BANKEX fast-growing and readily accepted by people around the world. BANKEX will soon release with the mission of adding liquidity to assets with the blockchain platform and multifunctional smart contracts.
Official Link To BANKEX:
- Ann Thread: https://bitcointalk.org/index.php?topic=2013627.0
- Website: https://bankex.com/en/
- White Paper: https://bankex.com/en/whitepaper
- Twitter: https://twitter.com/BankExProtocol
- Facebook: https://web.facebook.com/BankExchange/
- Telegram: https://t.me/bankex
Dec 21 2017
Bankex: Building The New Business World With Digital System
In this globalization era, the business world grew up fastly. As we know that nowadays all the life aspect has done on a digital basis, especially for economic aspect. The blockchain technology has made many changes to the world. This is brought out the best for world cryptocurrency community. In another hand, the development of blockchain technology and cryptocurrency also arising the problems. But, it doesn’t mean the development of blockchain will be stopped. The financial technology companies innovate the product in tokenization format. One of these innovations is Bankex. Bankex is blockchain platform with smart contact multifunction which build Proof of Asset Protocol (usually know as Liquidity Protocol). The mission of Bankex is to improve the liquidity to an asset which has the underrated value because it’s become the new way to operate the traditional financial market.
The liquidity problem is one of the fundamental hurdles to financial progress. Regardless of the company has enough resources which can consider as the sources of capital inflow when exchanged in the traditional budget market, it means that case can categorize as noneffective liquid. Bank and large company solve this problem with securitization. But, this procedure might take lots of time. It needed up to half a year and need the cost for about $300.000 to $1.000.000.000. This procedure also not feasible for SMEs. Besides that, it is not relevant anymore, because the traditional system already changes into the business world with digital system. So, the problems also should be faced through digital ways too.
Based on that case, the Bankex build as the answer for the world society needed. Bankex has developed the solutions for the financial problem. The main product of Bankex is PoA Protocol which has the goal to allow the investors solve their asset liquidity problem. This protocol combining Bank as a Service (BaaS) and blockchain technology, which is then summarized to be four main operating steps, there are digitalization, tokenization, assets trading, and transaction. One of the unique feature that PoA Bankex is capable of tokenizing all assets. The tokenization has many benefits, for example, the tokenization in a construction project that possible to involve many investors individually to contribute themselves toward the project, so the tokenization is needed to make easy in dividing the investment result.
Bankex was built for bank exchange; it can describe the platform which is bank can exchange their product. Through this platform, the market will force the certain business to change become the business world with digital system. This is the modernization of validation mechanism, the input and output cash listed in blockchain using Proof of Asset (PoA) Protocol, this way makes the financial seen more transparent and easy to understand. Besides that, by using this mechanism, the cash will be faster and easier to access. Bankex will help the businessman, bank, investors and all the relevant parties to control their finances.
How The Bankex Working?
The working of Bankex consists of four main operating steps, digitalization, tokenization, assets trading, and transaction. Before doing the transaction, the investor should register himself using MyEtherWallets account or MetaMask account. They obliged to follow steps by steps and joining the token sales before. For the details, please learn the tutorial below.
To explain the Bankex working as PoA Protocol, start with some steps of verification and validation process. By operating the Bankex, it’s possible to create the business world with digital system with simple requirements, and borderless of the country.
For the information, the token sale since opened in 2016 the soft cap tokens point is 20,000,000 BKX tokens, retail cap point is 80,000,000 BKX, and the hard cap point is 220,000,000 BKX tokens. The earlier, in pre-ICO Bankex successfully earned $1.5 million. The Bankex token will be used within a transaction in Bankex platform, and total tokens that will be sold to the public is 30 million tokens.
The Bankex Programmes
the development of Bankex has three main orientations, the smart asset core, R & D and Educational program.
The main function of Bankex is creating the technology to build the Proof of Asset (PoA) Protocol. The Bankex Lab will do the integration and cooperation with some partners such as banks, and financial institutions. Until now, Bankex was doing a partnership with ten client Russian Bank and get the achievement as TOP 50 Startup Fintech World. Besides that, this company also get the grant from Microsoft Azure $120K. From some achievements mentioned, it describes that Bankex team also have the high commitment to building this platform better and giving the best services for all around people. Through smart asset core programme, the goal of creating a new business world with digital system will be achieved.
Another task in Bankex is to search and find the new technology to complete the Bankex project. For example, it requires the new invention of algorithms to do the project like in Hackathon, Canada. Through the Research and Development Program, hopefully, the people will get the transparency of certain project. It’s going on to achieve the trust from society, especially the user. Besides that, this program also gives a chance to bankex to recruitment experience programmer to join and work in Bankex company.
This program engaged in education aspect, as we know the blockchain specialist for lately this year has increased. This program has the orientation for:
As we know that the blockchain, Bankex, and Proof of Asset (PoA) Protocol are the new things in the business world. The Bankex also provide the education sites for people who want to know more about blockchain itself. Not only to introduce but hopefully, the people also understood and interest to contribute to Bankex.
Education course has the function of socialization what blockchain is, how to use and joining blockchain business. The education course as a follow-up the writing article program, so the people not only get the information from articles but also doing the practice and involved inside. Slowly but surely, this is one of the ways to go to the business world with digital system.
By joining the Bankex, the people will get the benefits from it. The best team behind Bankex are super committed to their works. They are Griffin Anderson, Peter Crampton, Chris Skinner, Peg Reed, Gabriele Columbro, David Wachsman, Nehemia Kramer, Sergey Sergienko, and Makoto Takemiya. This platform allows you to create the new financial product that integrated with lots of technology as the solution. In one side, this platform creates the different jurisdiction with different technology become unite. In another side, fintech company wants to launch the new product or extend their market. By building Bankex, they can do and achieve their goal quickly, more effective and don’t need to do the integration with the law of each state. To go to the business world with digital system, Bankex is the real solution that proven become the profitable platform to implement for investors, businessman, bank, and all the parties who want to improve their finances.
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By admin • Business Tips and Ideas • • Tags: bankex, building, business, digital, system, world