Tag: digital

The Decentralized Financial Service For The Credits Platforms As The Future Digital Payments

The increasing demand for digital payment transactions is due to the digitization performed by every primary provider of staple needs. Since traditional market transfers to markets occur then CREDIT developments must be done to meet the needs of digital transaction users. The market digitization keeps on increasing the demand for digital payments. Payments made using conventional banks in practice take longer. To simplify the transaction the seller’s platform must provide multiple accounts from each different bank. The transaction fee charged is also quite hefty. A decentralized system with the use of blockchain has been present to provide solutions related to transaction speed and offer affordable cost.

CREDITS is a platform that implements a decentralized system using blockchain. The deal will happen in a smart contract. CREDITS provides a place for interaction between participants within the ecosystem. The concept applied to the CREDITS platform is peer-to-peer (P2P). The affected financial services will be based on a distributed ledger with own execution capability by each smart contract. Everyone within the platform can offer and provide financial services. Balanced and undefined technology makes CREDITS offer new technical solutions from a conceptual interaction model that may occur between participants in the network. The developed services will simplify any transactions that may occur in a decentralized system.

Possible financial services within the platform will adhere to peer-to-peer rules so that each participant performs financial transactions such as money transfers, currency exchange, funding, lending, and other services that can occur directly. Additional intermediaries are not necessary at all in the conduct of transactions. The absence of intermediaries will make deals happening easier, faster, and cheaper. The revolution in the financial industry must begin immediately by applying a direct interception in a decentralized system. Digitalization of financial services will bring the system through the stages of the revolution to become better in the future.

All financial participants will be incorporated into the ecosystem can receive all services safely and quickly with the application of the principle of the distributed ledger. The federal voting done in running smart contracts will give some restrictions to the participants in creating the interaction in each selected financial service. The use of blockchain will form a new potential for the economic platform by offering low speed and transaction costs. CREDITS will be one of the first financial service providers to use a decentralized system by prioritizing the convenience and convenience of transactions for participants in the platform. For more information, you can visit https://bitcointalk.org/index.php?topic=2401248 and https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf to access the white paper.

The Architecture Of CREDITS Platform That Delegated Proof Of Stake

 

In its development, CREDITS will use a network ledger system which will use smart contract methods that support any agreement made within the ecosystem. Some types of network nodes are also used based on decentralized network development goals based on free access from node connections. Then the general blocks book will sync with all the public ledger on all system nodes. The knot will also be synchronized in determining the definition of the overall trust of verification. Besides, CREDITS also uses a network consensus system as an appropriate method for group decision making.

Systems running within the ecosystem are a set of network nodes that process, store transactions, and confirm some requirements within smart contracts. The system also plays a role in processing requests made by third parties and providing information on the data requested. On each client computer will be installed the network so it will form a node that is connected to the standard system. The node will act as a verifier and will list every event in the ledger. Any transaction that is authenticated by the system and stored on the network node will be recorded in the ledger. Deals are items within the system that are indicative of the demand for performing a quick contract method and any action on the network. Every transaction that happens will be recorded in blockchain results.

The system items used in the ecosystem also include a Smart Contract that will allow members to obtain agreement by the terms of interaction. The logic of the contractual relationship will be applied in the user interface with centralized source independence as the leading property in the smart contract in a decentralized system. The calculation of the results of the work is entirely the responsibility of the Smart Contract method applied and will record any agreed terms into the ledger. Contract-related parties are final network participants and CREDITS system users.

Network nodes that are implemented in the running of the system will use standard nodes that participate in the verification to achieve validity. Common nodes have a minimum trust factor that is a candidate for a trusted node role. The common node will also be the current node of the processing in the next cycle in the selection of node roles in the network. The next node contained in the node is a trusted node that has the maximum trust factor. The trusted node is a candidate for each node role in processing current and common nodes. As long as the number of elections and voting is calculated mathematically, this node cannot be trusted. The calculations performed will depend on the number of nodes and the complexity of the network. The node that has the responsibility to add transactions to the ledger block is the primary node. The node will use a trust factor with a numeric value of 0 and 1.

The general ledger term used in the system means that a single unit of information stored therein will contain the previous block hash code. All data lists associated with the ledger will be related to the last number associated with the block. The transaction will take its place within the block after receiving the block from another system according to the number so that it will save more bandwidth of the network. Block number will be checked first as long as synchronization is done. When the block is gone, then the block will be downloaded and saved back by the node. It will make the most recent copy in the ledger and will be called the last book. The recording will be done by the node that has responsibility for the ledger formation.

Each data stored in the ledger will send blocks to all existing data nodes remain up-to-date, and there is similarity of data ledger in each current system node. The node will always be associated with other nodes within the network so that it will continue to exchanging blocks with transactions that occur. It is also done to keep information relevant. The set of operations will be formed in all blocks to wait for additional data to be done in the ledger. So it will be possible to store the data in the accounting several times for each server and node system. All information will be protected because more and more nodes in the network then the system will be more reliable and more independent.

Sync node is done every new node to define definition and trust thoroughly in the verification process. All processes that occur will be handled simultaneously and independently so that the level of processing information will always be improved. The bookstore will be empty, and space will be backed up in RAM when no incoming variable makes access simpler. When the required ledger is not available, the request will be sent to a trusted node. The node will receive all transactions, and then account synchronization will be performed. Disbursement will be done in sync that runs when the input parameter is the object that characterizes the deal. The operation generates the numeric code to be started to determine the position number in the ledger. The thread will end when the method ends with an error connection.

CREDITS uses the Proof-of-Stake (PoS) concept as a group decision-making method. When the node identification process generates a block, it will perform maximum liquefaction in each pile that occurs between competing node participants. Compensation made to increase the ledgers in the blockchain will be provided for fix mining blocks. All vertices on a decentralized network will cause none of them have priority. It is essential to be able to define a network node so that it can process the transaction queue stored in the network node. Then the transaction block must be entered to be stored in the ledger.

The Contribution of Sales Token For CREDITS in the ICO event

 

Pre-ICO has been completed on December 26, 2017. The results obtained are also quite significant. Total contributors who participated in Pre-ICO are 700 participants and made in 1100 transactions. The number of tokens sold is 4,029.12 ETH or equivalent to 3,002,135 USD. If you want to contribute, then you can follow the sales of ICO which will begin on 1 February 2018. Make sure you keep up with the information so as not to miss the time of contributing. To join as a contributor, you can register at CREDITS official website at https://credits.com.

The first step when you will participate in a token sale is to fill in some information already available on the registration form. You can enter a minimum amount of contributions to join. Make sure you have an Etherum address first. You may only participate if you have an Etherum address, if you do not have that address, you will also be disqualified from a smart contract.

The amount of your contribution will determine how much information you provide. The amount of grant under 10 ETH will require necessary information only. But when your contribution amounts to 10 ETH and more then you will be asked for additional information such as full name, address, and some other extra documents. It aims to meet Know Your Customer (KYC) procedures so you do not have to worry because the information you provide will be safe on the platform.

CREDITS provides some ease in digital payment transactions. Not only that, but financial services can also be done through this platform such as currency exchange, funding, withdrawal, and other financial services. The use of blockchain technology will create a decentralized network with the achievement of an agreement using smart contracts. The distributed ledger will also make any transaction data safely stored. The use of the CREDITS platform will save costs as it offers the security and comfort of good deals for a right price too. Do not miss the CREDITS token contribution event on ICO to participate in CREDITS development as a financial services platform in the future. The development of CREDITS can be updated through the following platform community in social media:

CREDITS Use The Revolutionary Blockchain Technology For The Best Financial Digital Service

The use of blockchain to build a decentralized system is the latest innovation to simplify digital transactions. CREDITS is one of the blockchain platforms that use smart contracts. The crypto concept is also applied in the platform to create a better blocking system than existing systems. Better use of blockchain technology will enable CREDITS to handle faster transactions of one million operations in one second. Using a decentralized financial system as a direct interaction between participants within the platform will make the transaction ease and cheap to happen. The potential use of financial services will use a distributed ledger.

The use of peer-to-peer aims to create services that can provide financial services such as money transfers, lending, currency exchange, funding, and other transactions conducted directly by each participant. All transactions that occur can be done without an intermediary, and the cost incurred more affordable. The quality of service received will also be better with faster transaction time. The peer-to-peer concept is tantamount to a revolution in financial services where the money will be invested in ICO and crowdfunding. All information obtained will be stored in a decentralized cloud.

The introduction of decentralization with direct interaction has been applied to different types of platforms. It’s just for the financial services until now still not using the system. That’s because the digital system is considered less secure to store essential transaction data. However, technically the creation of a decentralized system with blockchain technology has a high level of security. The use of ledgers distributed in digital financial services will speed up transactions and the costs incurred will be lower for each payment transaction that occurs.

Financial services using distributed ledgers can assist in the development of systems with better-decentralized service quality. Quality improvements are made with user personal information services, fiat money settlement centers, crypto liquefaction, withdrawals, and KYC. As a solution to the essential tasks that must exist within the financial services platform, CREDITS uses decentralized technology. The platform can provide secure and fast financial transaction services. Limits that apply within the system will be created based on original contracts that each participant can agree upon on the platform.

A decentralized system also allows participants to have interactions that can provide services for financial products. New markets may be open in blockchain financial services. The use of the system to perform digital financial transactions has become an option because it offers convenience and affordable costs. The need for digital payment transactions is increasing rapidly every year. The use of traditional banks is still considered less efficient to make payment transactions in the digital era. The development of existing technology continues to encourage the digitization of every aspect of life.

CREDITS is present as one of the revolutions of the world of sacrifice that has a lot of support and renewable technology to create a secure transaction at an affordable cost. The integration of blockchain technology and distributed ledgers is an excellent idea to improve the quality of financial services. CREDITS also implements smart contracts to forge an agreement with each participant incorporated in the platform. With support from the digital community, CREDITS will bring banking services faster and easier to meet digital payment needs. For more information, you can visit the Ann Thread at https://bitcointalk.org/index.php?topic=2401248.

The Implementation of Smart Contracts within CREDITS

Implementation of smart contracts within the platform is essential to support a decentralized system. The intelligent deal will present an automatic algorithm in the form of an overview of sets of conditions that indicate the conditions of an action taking place in the digital world. Smart contracts within CREDITS can be controlled by every participant in the ecosystem. Centralized authority is still required to realize an independent cryptocurrency to use the cost of smart contract transfers. This is because a fully decentralized environment does not include the human factor needed in it. The concept of smart contract is expected to facilitate the implementation of a system that provides financial services in peer-to-peer. Transactions under smart contracts will allow each participant to get the appropriate deal with the needs.

In a smart contract will consist of several entities consisting of properties and methods. The property has a function to store a public data required in a smart contract that is implemented within CREDITS. Then in a smart contract will also require a method to be responsible for logical observation and sequencing of actions on transactions conducted under the contract. Each participant can use the call method to modify the contract properties to launch a verification process. Smart contracts will apply after each party’s signature is signed. An extension environment will be required to ensure compliance with the obligations under the automation of contract implementation. The requirements of the smart contract will have a clear mathematical and logical description of the execution.

The smart contract will be automated to meet the completeness and reliability of the contractual relationship between the parties involved. System entities contained in the smart contract method implemented within CREDITS will be responsible for the sequence of actions and logic as long as the transaction can be made under the contract. Modules run in action will explain following execution commands that allow obtaining results from the wishes. Each code in a smart contract can handle assignment commands, user commands that have separate functions, contract properties that contain static and dynamic variables that have initialization within the contract method, and methods of any other available every contract.

Scripting languages are also provided for the development of a more famous smart contract system. The program code allows for the use of all scripting operators. The method used in the contract will be run with a virtual system environment and is called a VM. The allocation of the memory area and the bytecode load of the contract will contain methods and variables that are redefined when the other contract codes are called. At runtime, VM will start the procedure for bytecode method.

Variables and codes will be loaded into memory areas that are executed with commands that will be executed in a row. Then each result will be transferred into the peer-to-peer network to be placed in the ledger. The user of the system will be the initiator of the execution method that can behave on behalf of the method launcher. CREDITS will be one of the incubators of the value of the contract unit to be able to compare two chaotic units and build consensus to run the contract. CREDITS cryptocurrency will serve as a platform that can affect the transfer value.

The overall concept built in the CREDITS platform development has the goal of getting each participant to enjoy transaction convenience. Each service requested by the participants can be done quickly and efficiently but at a low cost. To ensure the speed CREDITS chooses blockchain technology. The use of blockchain will also make every transaction more secure. With the support of the smart contract that will provide comfort for each participant to reach an agreement. The platform will be developed to successfully deliver the best digital financial services to every participant incorporated into the ecosystem. For a conceptual overview of CREDITS, you can see it in the white paper at https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf.

The Token Sales Of CREDITS

 

CREDITS token sales are one of the most critical events to realize a digital financial services platform. Token sales will be held at the ICO event. To participate, you must register first at https://credits.com website. Pre-ICO has reached 3,002,135 USD or 4,029.12 ETH. Token sales on Pre-ICO has managed to get 700 contributors from 1100 payments. The soft cap has been set at 1.5 mln USD, and hard cap is at 3.0 mln USD. You can see smart contract for ERC20 in Etherscan. You can perform a request procedure for a whitelist in advance to get the participation inside ICO.

Registration for all contributors is done on the website page to enter the list to the whitelist. Then the contributor will make a payment first for any contributor who has a small payment will be executed first. In ICO implementation, CREDITS team has conducted legal opinion in Singapore and USA. The result of a legal advice states that CREDITS is a technical token or utility. CREDITS has also been approved to be sold to all citizens of the world. America, Singapore, and China are also included in countries where citizens can contribute to ICO operations.

The success of ICO will be influenced by how the concept of the project is offered. The whole idea has usually been described in the whitepaper. To get many contributors, the deployment of information about the platform is also critical to enable anyone worldwide to join in token sales events. Each person can contribute with a different value even if it has been specified minimum amount for the token purchase. The information provided by contributors to the platform may also be varied for a specific payment amount.

For contributors who have a purchase value of 10 ETH or more, will pass the KYC process or know your customer through a separate identification. Contributors with that amount will fill in some data such as name, address, and some official documents needed for transaction security and convenience. While for contributors under 10 ETH does not require detailed verification. Each contributor must have an Eheleal address that will be used for payment. Ethereal address ownership is the main thing because it will determine your participation in ICO. If you do not have an Ethereal account, you will be automatically blocked by Smart Contract.

Credit can make transaction settlement quickly. The required execution time is only 0.01 seconds to complete one million transactions. By using blockchain technology and smart contracting systems, CREDITS will improve performance with API programming. CREDITS is a very reasonable range when compared to other platforms. As a new project that provides many services for consumers, Credits have shown rapid progress so that the number of funds received will be more useful to complete the project development process. To be able to support the completion of the platform development you can contribute to ICO as the pre-ICO has closed on December 26, 2017. ICO will start on 1 February 2018. Make sure you keep abreast of platforms to make token purchases at the predefined time. Tokens may not be available after the ICO event ends. For more information, you can visit the following link:

The Use Of Cryptobank As The Newest Digital Banking In The Future

Increased demand for digital transactions encourages each bank to be integrated with digital payment services. For a payment to be easily made, it is advisable to make a payment with an account number from the same bank. When payment is made through a different bank, it will undoubtedly add transaction fee for cash. Users will inevitably have to follow the rules that apply so that transactions can be resolved.

Digital payments are increasing in number over time, of course, means that users of online platform increasingly. Complaints of high transaction payment costs arise as a volume of transactions made. Any complaint uttered by the users was finally able to encourage developers to build a digital bank for secure trade at a low cost.

Crypterium is an online banking platform that provides services like conventional banks in digital form. The team has spent five years analyzing and researching for a digital storage platform. The platform is planned to be built with the application of blockchain technology so that the system can be decentralized. The use of blockchain technology is one of the most appropriate ways to create a decentralized platform for the development of useful services in the future.

Crypterium was founded by a team of professionals who have experience in the innovative digital payment system in FinTech. It is expected that crypterium can be a digital banking solution that can provide the best service to the whole world community in making the digital transaction. The use of Cryptobank encourages cashless transactions so that future digital payment transactions will earn a high percentage. The application of previous financial revolution technology has also been applied in several platforms such as Samsung Pay and Apple Pay.

Crypterium will maximize the utilization of previously established contactless concepts to minimize the use of traditional payment cards in fiat currencies. Cryptocracy in Ctyptobank will apply the issue of the smartphone so that the devices that are owned by everyone can be used with the maximum without having to buy a new machine. Smartphone recognition is a useful step in developing a convenience in transactions. Users no longer have to carry payment cards wherever they go. Only with applications that have been installed on smartphones, then anyone can make payment anywhere.

Cryptobank development in the Cryptocurrency Era will complement the digitalization revolution as digital payments will be easier to do. Cryptobank offers a service that is easier, faster, safer, and cheaper. The decentralized system implemented by Cryptobank will be one of the hallmarks in the development of financial services in the Cryptoeconomy era. The development of the Crypterium platform as an innovation in digital banking will be an enormous and unlimited opportunity.

The development plan from Cryptobank will come to the point where all cryptocurrencies can be integrated with an accurate exchange value in Cryptobank. Not only that, but integration will also be done with fiat currency so that users can quickly make transactions anywhere because the currency value can be exchanged with all currencies both crypto and fiat. Ha will be developed as a small step to apply the cashless concept as a form of appreciation to the users in the ease of making payments. Often the development, the type of service in Crpytobank will also continue to be improved so that everyone can use one application to perform all transactions.

 

The Mobile Cryptobank To Support Contactless Payment

Cryptobank will be the first platform as a digital bank that can raise the role of conventional banks. Everyone can participate in digital transactions, deposits, and exchange of funds with a digital bank. The costs incurred also tend to be less when compared with traditional banks. Implementation of Cryptobank will be more comfortable because the application can be downloaded and installed on the smartphone. After downloading App Banking, Crypterium transaction has started can be done. You can also begin to leave your debit card because the app supports payouts for everyday activities.

Every customer who has installed an app can make transactions by paying the leading cryptocurrency as a balance. Usable Cryptocurrency standards such as BTC and ETH. Users can also purchase an ER20 standard token to fulfill the service on all POS terminals that have been installed. Near Field Communication (NFC) has also been implemented in the Crypterium Mobile Banking App so that it will support the convenience of transactions wherever you are.

Each payment POS will perform a connection reading of the NFC Host Card Emulation (HCE) protocol as a virtual data sorter in the Crypterium app. That allows the use of Cryptobank applications to be used to make payments in Crypto and fiat currency to every store and retailer. You do not have to worry about currency exchange because the money will be automatically converted depending on the currency ordered in the virtual payment. The capabilities possessed by Crypterium will be expanded by cash withdrawals at ATMs with fiat currency.

The exchange rate applied in Cryptobank may differ depending on the sale value of each currency currently in effect. So the exchange can be accurately done only with the smartphone owned by each user. The need for payment can be made with the proper use of crypto and exchange terms in the order of predetermined ratios. This convenience strongly supports every user to make payment transactions at the global level without worrying about the conversion of individual currencies that apply in a place or country because it has been done automatically by Cryptobank.

Crypterium has set up applications that can be applied to Windows phones, iOS, and Android to ensure the ease of use of everyday financial services. The method of Cryptobank allows each user to exchange and transfer funds using certain cryptocurrencies currencies such as BTC and ETH. Other services provided also relate to transactions in the field of infrastructure at outlet and trading with using international payment systems such as MasterCard and VISA.

The usefulness of Cryptobank may also be used for transactions relating to trade infrastructure and services that have been connected to the Crypterium network or have become partners of Crypterium. Wallet wall charging can also be done or can even be done through a bank account. Besides, in Cryptobank transfers can be done without any restrictions such as bank accounts that include bank cards with some limiting rules to avoid money laundering. Every Cryptobank user can also get some special offers that can be obtained through a store that belongs to Crypterium partners. As the Ease of the payment transaction, Crypterium has website to give maximum information to all users. You can visit these links to get further information:

The Use Of Crypterium Token (CRPT) In Decentralized Digital Banking Platform

The main point of any transaction done inside the Crypterium platform is the CRPT token. No service is acceptable to the user if not using CRPT as an exchange value. Each service provided will be governed by smart contracts agreed by the token holder and platform. To get CRPT tokens, you can contribute to ICO in pre-sales. In enlarging the Userbase for the fulfillment of all future user expectations, Crypterium will implement a token list on the Cryptocurrency exchange so that a comprehensive service will be achieved.

One of the most fundamental rules in the Crypterium platform is that only CRPT token holders can transact and get service from Cryptobank. Ownership of CRPT tokens can be used as fuel reserves for future transaction processing. Cryptobank has implemented transparent transactions for its users. The use of intelligent technology also encourages automated algorithms to achieve the optimal level of operations performed at all times. Any deal with banking that has been integrated with Crypterium can be done quickly and safely.

The proper use of algorithms in Cryptobank ensures that each user obtains the correct conversion value for each exchange transaction with fiat currency and crypto. The transaction fee applied can also be reduced up to 0.5% only. Crypterium has committed to transparency of all operations conducted within the ecosystem. Users can directly use the payment of transactions made through the Crypterium wallet. The use of CRPT tokens also makes it easier for customers with the integration of the NFC terminals on smartphones, so the transaction costs are minimal.

Decentralized concepts can also be applied using blockchain technology. With blockchain technology can minimize the transaction costs required to make payments. Every transaction history can also be accessed easily via Crypterium Cryptobank Mobile App application. Service development continues to provide the best for platform participants. For you to keep up with the latest technological developments from a digital bank, you can join Crypterim’s social media account as follows.

Cryptobanking is the most appropriate solution for creating digital banking. The revolution of the banking world is needed to follow the progress of online transactions whose use continues to increase. Cryptobank in the future is expected to become a platform that has diesel integration worldwide to facilitate every user in the digital transaction payment. The contactless concept also provides additional value in the application of Cryptobank so that transactions can be resolved quickly. If you are interested in contributing, immediately join ICO because tokens will only be available for purchase during ICO only.

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.

  1. First, the Bankex will collect the information about the item sell and the owners of the item. This steps will do through identifying the wallet account, email and checking the KYC (Know Your Customer). This stage is important to know the capability and integrity of sellers; it has the goal to prevent the fraud. After verifying, the client can upload the information about the items.
  2. Bankex checks the available asset, location, and other information for details. This steps can be done by using Internet Things (IT) radar. Then, Bankex checks the requirements and delivery clause in jurisdiction specifically (include tax and logistic terms).
  3. Bankex input all the information into a formula that changes into data which can input to be a smart contract. On each asset change into certain formula (such as equity, car, the office room, etc.). By using the Bankex protocol smart contract replace with a smart asset.
  4. Smart assets are verified by Bankex, in certain cases the verification done by an Expert review. Then, this platform created tokens from the value and price through some product filtering. This stage has the goal to make the buyers easier to find the product in the Bankex market.
  5. Bankex was placing the token of the item in the market and start to adjust the supply and demand. After the seller and buyer gather, then they decide the final price. Product with token form send to buyer and seller will get the token from Bankex.
  6. It’s important to know that the benchmarks in a smart contract are the data about location, customs, the owner’s, etc. Now, Bankex can get the buyer information and also can send the item to the third party (in this case is distributors) to deliver the item to the buyer.

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.

  1. The Smart Asset Core 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.

  1. Research And Development Program

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.

  1. Educational Program for Blockchain Technology

This program engaged in education aspect, as we know the blockchain specialist for lately this year has increased. This program has the orientation for:

  • Writing the articles about blockchain technology with the aim to introduce this technology to people.

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.

  • Holding the education course

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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