QR

Overcome The Logistics Problems With EndChain

Overcome The Logistics Problems With EndChain

The trading transaction via online having the consequences for all parties which involved in there. At least, there are three parties here, the seller/manufacturer/producer, logistics industry and consumer. Each party has the obligation and rights on this case. As we know, online trading allows the buyer and seller not meet in the market as trading as usual. Here, the seller needs the logistics help to send the goods to their consumer — the logistics industry work as the bridge between seller and buyer. The logistics have the responsibility to deliver the packages to the consumer. But, it’s not always run as well as we think, because it’s possible bad something occur while shipping process.

One of the most crucial problems of logistics industry is about transparency. Yes, the transparent transaction is the key for successful trading. The transparency while shipping process is an important part, such as the update information about the packages, include the location and condition itself. The secure and transparent transaction should be built if the logistics industry still wants to stand out in this era. The problems of logistics aren’t only lying on transparency, but also the technic procedure of shipping phase. Almost all logistics industry is doing their tasks with the manual method like using a paper to verify the package, filtering the package one by one, etc. These ways are out of date and consume lots of time.

What’s the solution to these problems? The answer is the logistics must be moving on to the modern ways through technology. In this digital era, the blockchain technology exists as the strongest problem solver for transportation and logistics problems. The blockchain is enabled to controlling and monitoring the transaction. The blockchain technology is coming with the power of revolutionizing for supply chain in modern ways. By implementing the blockchain technology in the logistics company, it can build the consumer and manufacturer trust in the logistics. The impact of blockchain usage can’t be understated anymore; the transportation management is able to hold their existence in the world market with 13% increasing of GDP global. It means the border communication and administration of $1 trillion trades are improved.

Some companies are implementing the blockchain solutions for their logistical problems, but it’s not a complete solution. Besides the blockchain is able to transfer the value and change the physical goods which transferred, but the RFID chips of blockchain are expensive. This fact such bad news for companies, because it means they should be spent more money or budget. It’s not a big matter if the company using EndChain. What’s EndChain? EndChain is one of the companies which develops the blockchain technology and focuses on the logistics chain issues. EndChain has the goals to be the blockchain solution for logistics industry itself and another party that involves in the transaction. EndChain provides new experiences for people with the new concept and system. Are you interesting to know more about EndChain program? Please follow our social media below. You will get the update information about EndChain.

Facebook: https://www.facebook.com/EndChainIO/

Twitter: https://twitter.com/EndChainIO

Telegram: http://t.me/endchainIO

 

Knowing The EndChain Design

The EndChain work involves several parties; there are a producer, shipper, seller, and consumer. For the first, EndChain will make the adaptation of the supply chain itself for each party, EndChain will record the goods that entered on the logistics. The record has the function to determine the high-risk goods. The record will give the data about.

  • The information on the product

It is important to know before the shipping process run. The brand, item, and originality of the product must be known. It’s done to avoid the counterfeits goods that will harmful for the consumer.

  • The ownership of the product

It tells us the party that controls the package. The owner of the product should be clear. Because it’s related with the responsibility if something bad happens, such as the delay tracking, stolen, or broken.

  • The quantity and quality of the product

The product that will be sent should be known the quantity and quality. In one day, there are lots of package with different quantity. It’s important to mention the quality and quantity because it’s related to the risk during shipping.

This information will be stored on the QR code and barcode that available on EndChain. These data can’t be expired for a long time. So, it can be checking in real time. The barcode or QR code is provided by EndChain as the new concept for verification process on logistics. The manual checking while verifying the package isn’t recommended and not an effective way. EndChain create the barcode to make the conveniences for the worker. The worker just needs to scan the package for several seconds; the data will automatically be verified. This way will save time and also increasing worker productivity. To using the EndChain, the user have to understand the EndChain design itself.

  1. The registration phase

The participant should register themselves on the EndChain form. Then, the participant will receive the identity that linked with the public key. For your information, the public key will connect the participant with the blockchain based. The participant can see another manufacturer, shipper, and seller. The data will be imported into the blockchain system. The users can interact with another user in one platform.

  1. EndChain security system

EndChain is placing the security system as a priority. The EndChain is work through the permission of blockchain, so the listed users who follow the manufacturing and logistic phase are able to join with the network. The detailed information will be accepted in a blockchain if there’s an authentication. The authentication is a way to protect the goods from counterfeit. The authentication form can be accessed on the cryptographic mechanism.

  1. The linking design

The EndChain doing the job consider by patent-pending barcode and QR code. This code integrates the physical goods with the digital information that entered the blockchain. The users are allowed to upload each item on the chain. The item will automatically have the unique id as identity. This design giving the conveniences for the user because the goods data is store safety.

  1. The future orientation

We determine to build the concept using Ethereum network. Ethereum is a stable network and more compatible with blockchain technology. In the future, EndChain seeking to develop the program and innovate the new feature to realize the different, comfortable, and profitable for all people.

  1. The Barcodes system

The current barcodes are provided for all items, but it’s not specific because the items with the same model have the same barcodes. In the future, EndChain will launch specific and integrate barcodes on each item. So, the logistics worker just scan one code and automatically the information will record at the same time. The data will be saved on a legacy system, so it can’t be expired for a long time.

  1. The Software

EndChain still develops the progressive application and software that can be accessed for users. The software is building for a supply chain, and the website also designed for the customer. The improvement of features also should be run together with the improvement of the security system. EndChain will complete this improvement with the locked key to secure the data.

Overall, the design of EndChain program isn’t complete yet. EndChain always commits to innovate the new concept and system to reach the betterment experience for people around the world because the user satisfaction is our priority. For further information about EndChain, you can kindly visit our sites:

Ann Thread: https://bitcointalk.org/index.php?topic=5055264

Website: https://www.endchain.io/

White Paper: http://www.endchain.io/#language

The Token Distribution Sale

The ICO details for EndChain Company is starting from December 2018 until January 2019. The main aims of ICO are to make the EndChain become the largest and majority company which use in all companies to solve their logistics problems. The first token sale has the minimum target, $4 million for threshold and $15 million for a hard cap. The EndChain tokens distribution will be run via ICO. The EndChain tokens are consists of four categories; there are team, leadership, advisors and future development. The leadership and advisors tokens will be given to EndChain employees as an incentive for their dedication to the company. The tokens will be active for one year and locked in a smart contract. Then, the team tokens are created for the member of EndChain itself. The team tokens are consists of two form based on the position and the quality of working. The last one is future development tokens are created for the business interest, and the manufacturer. The percentages of these tokens are 55% for ICO, then 22% for future development tokens, 10% for team tokens, 5% for leadership tokens, 5% for advisors tokens and the last, 3% for bounty and referrals.

The Coin Distribution

The coin that entered by users will be used to improve the EndChain program and complete the features. The transparency of coin distribution is our way to giving the information for users; it’s beneficial to improve our confidence and our service. We are appreciated to all of you who trust us to handle these logistics cases. The coins that submitted on EndChain will be distributed into some interests in order to provide the comfort experience. It can be called the feedback for users. The distribution of EndChain coins are.

  1. For marketing activity

The marketing activities require the material to explain to the consumers how the EndChain work? The EndChain coins will be distributed for this activity. As we know, marketing is one of the company strategies to introduce their products to society. The marketing has the role of informing the manufacturer, logistics industry, etc. That there’s the solution to their problems.

  1. The general and administrative activity

To completing the marketing team, the administrative aspect also should be done well. If the marketing focuses on the spreading the EndChain products, the general and administrative aspect focuses on providing the material and manage the internal office of EndChain itself. This activity also needs the high cost.

  1. For the legal permission

The EndChain Company is also managing the legal permission. The consumer has the rights to receive the legal tokens and coin, so the legacy system should be built and covering all trading aspects. Besides that, the EndChain Company also obliged to comply with the legal rules of the state. Keeping the existence of EndChain is important.

  1. For the compliance and security system

The user data and blockchain information needs the extra security system. The EndChain coins also use to develop the security system. The EndChain seek to create a strong enough security system for the future. The EndChain coins that submitted are utilized for beneficial things and actions, especially for improvement.

The EndChain Roadmap

Since declare on November 2017, the EndChain has been ready with the roadmap and the targets for the next month and year. The roadmap is important to determine the policy direction — roadmap work as a reminder for the next step when the time to plan, to organize, to act, and to evaluate each agenda. You can see the roadmap of EndChain completely in our whitepaper that can access through http://www.endchain.io/#language. Here, the EndChain roadmap generally.

  • On November 2017: the EndChain concept is launched
  • On February 2018: create the whitepaper version 1
  • On June 2018: EndChain manage the legal authentication with lawyers
  • On August 2018: the barcode/ QR code officially launched and work
  • On September 2018: EndChain launched the website www.EndChain.io and released the first final whitepaper
  • On October 2018: set the ICO system with the potential partners
  • On December 2018: prepare first to launch tokens sale
  • On January 2019: the tokens sale is finish

Actually, the development of EndChain concept has been started in March 2017. But, after facing some obstacles, finally, the EndChain teams doing the intense research and get the conclusion that the blockchain technology is able to help the problems of the supply chain. The EndChain always believe that this project is enough strategies to overcome the obstacle which may occur in the future. It’s just about how the EndChain able to hold the existence as the best solution.

EndChain As The Solution For Logistic Problem

EndChain As The Solution For Logistic Problem

The development of globalization era bring out lots of changes in human living aspects. The globalization has been created the modern technology and discovered internet as the compliment in life. There are many advantages to internet usage. One of these advantages is the movement from the manual market into the digital market by using the digital purchase. As we know, the economy atmosphere in the world shows the improvement for one decade latest.

The digital transaction becomes the trend for people, because of more practice, effective and efficient. The digital transaction relies on the internet network in operation. The problem is coming when the seller can’t provide the trusted logistics and transportation. Then, the digital transaction present and able to change the cash currency into digital currency through the application by doing a top up for user wallet.

Besides that, the discovery of blockchain technology also can support global trading in the world.  This condition makes some companies in this world innovate in creating the brand to facilitate and promote the digital world for the public.

The blockchain technology exists as the strongest case for the logistics and transportation matter. The blockchain technology can make the decentralized transparent transaction. The blockchain technology connects the product into a customer by logistics link — moreover, this technology work as revolution power for modern supply chains management. Based on World Economic Forum data, the global trade which is using the blockchain technology can improve up to $1trillion.

Then, the existing of blockchain itself makes several companies creating the solution for logistics and transportation problem. One of them is EndChain. EndChain is working in a logistic chain which focuses on transferring the good from the manufacturer into reseller and customer. EndChain as a problem solver for the logistics industry with utilizing the blockchain that easy to use for chain supply ecosystem.

The work of EndChain is coordinating the producers, the transportation or logistic service, reseller and another party to realize easier and transparent transaction. EndChain goals are to minimize the disruption of the logistics industry by open protocols, decentralized, and utilities. If we overview the digital market problem, two serious problems become the background, there are:

  1. Less of transparency

The logistics are tracking management using out of the date system which doing the goods input manually such as using the paperwork. The logistics service oblige to maintain the goods until receiving in customer’s hand. The tracking is lack of transparency while working. In many cases, the customer receives their order in broke condition, delay for a long time, and nothing detailed information about tracking history. Finally, the consumer feels uncomfortable and disappointed. If the logistics industry still holds the manual system and not being up to date with the newest technology, the logistics service will be left over time by time.

The logistics industry should improve their transparency to consumer and producer. They will be comfortable and trust to make a purchase. To fix these cases, several companies combine the logistics systems with the latest technology; there are blockchain, the credit letter, and the delivery receipt. This innovation is offering the benefits for companies to take a risk for luxury goods such as the art, diamonds, gold, handbags, etc. Then, EndChain exists to provide the solution with low shipping costs which can be appropriate for all goods.

  1. Less of responsibility

The responsibility of the logistics service is an important point that should become the priority. The package has a high possibility of broken, lost, delay, or stolen. The companies will face the loss of these incidents. Furthermore, the producer should pay the compensation to the consumer. To overcome the problem, the companies are move into blockchain technology which is adapted to the logistics industry. Through blockchain, the transaction between sellers with the logistic party is recorded permanently. It will be documented and more trusted in shipping — the document named smart contract.

The smart contract has the function to determine who the party that must be responsible if there is an accident like stole, delay, lost or broken off the goods while shipping process. Then, the less responsibility also can be seen from the logistic server that didn’t update the tracking information. Some consumers will give the negative review for the seller, they going frustrated because their order status is unclear. This is become the serious homework for logistic management if unwanted to the left over the producer and consumer.

 

 The Introduction of EndChain Technology

Fast operation and communication are a need for the shipping process. The logistics industry should provide a comfortable, trusted, and on time service. The EndChain Company commit to building the logistics management that converting the paper document which is limited on liability into the compatible form for all industry. The data input or verification process of usual logistic can spend much time until the day, but by using the EndChain platform, the verification can be done in several minutes only with no human intervention. The EndChain technology is adaptable for all manufacturer and producer.

The base concept of EndChain is to reduce the logistic cost. As we know the logistic cost is very high in this decade. It will burden the businessman or producer. By using the blockchain technology, the cost will be reduced, and the burden of the producer will reduce too. The EndChain platform is completed with barcode and QR scan. These features have a different function that can’t be separated. The barcode and QR code is easy to use in all time and all places. The barcode and QR scan is the great combination which contains lots of conveniences and advantages for people. These advantages can be summarized for two major.

  1. Increasing the productivity of the logistic employee

The barcode and QR code usage is helpful for the workers. In general logistics management, the worker should arrange the package and verify them one by one. It will consume time too much. Besides that, the manual process not effective to do. For example, first the worker receive the package, they making a paper document for the package, they input the data manually. If in a one day 1000 packages should be verified, the process will not be effective and efficient. By using the EndChain which combining the blockchain technology, these risk can be decreased. Just doing one way to verify the package, scan the barcode. The employee will save time and more productive.

  1. Increasing the transparency of transaction

After the packages are scanned, the data will be updated automatically on the legacy and blockchain system. The EndChain program will detect the barcode as soon as possible. Then, the detailed information will appear and recorded directly. EndChain was designed with the method that compatible and easy to integrate with another system and store. Such as the B2B and B2C store. By using the EndChain, the transparent transaction will be created; the customer won’t be frustrated anymore. This is a very simple technology that contains significant advantages for people around the world.

If you’re interested to know more about EndChain, you can visit our sites on:

Ann Thread: https://bitcointalk.org/index.php?topic=5055264

Website: https://www.endchain.io/

White Paper: http://www.endchain.io/#language

 

The EndChain Features

The EndChain program is available with several features that allow the user to get the new experience in the digital market. For this time, the EndChain still seeking build the strong features to complete the program. The features of EndChain are:

  1. The privacy system

To secure the data of package, the privacy system should be working extra. The privacy feature of EndChain allows the companies to decide the data that can be entered into the program. The validated data will be encrypted by blockchain then it will build the safety system. Our program can be settled to receive QR barcode of certain or all products. The users can write the key permission as requirements to use the program. The history of order is opened for the customer only. So, the risk of data loss is impossible. By using the EndChain program, the human error factor will, and the privacy will be more protected.

  1. The direct communication

The direct communication is one of the EndChain features that allow the manufacturer as a sender giving the message to the logistics service — this feature able to monitor the location of the package and knowing the problem that may occur during the shipping process. Also, the report if the package is received. The direct communication is designed like the private message between two parties. They can communicate about the transportation process. This feature is so beneficial for both and able to improve the trust to the logistics service.

  1. The security for the goods

This feature has the function to minimize the theft incident that maybe occur to the package. EndChain completed with the theft detector and allowed the customer to get the information about that. The system will mark the potential person who steals the item. The theft can happen during the sending processor when transit. Then the buyer should enter the code number of the item; the system will search the location of the item. Finally, the consumer can report the theft into police. It’s different with a manual logistic system which can’t detect the theft if occur. This feature is really helpful for all parties.

  1. The smart contracts feature

This feature can give the manufacturer and transportation create their contract. The smart contract usually contains about the responsibility of both parties if something wrong. The mechanism of making a contract starts with two parties that put the coins. If the goods are received successfully, the coin will return into the most respect parties. If one party is breaking the contracts, they will get 0 coins. The smart contracts also able to save the logistics document in digital form. Then, the document can be used to supply the chain. The supply chain practice is more efficient.

  1. The big data feature

EndChain provides the large database that contains all interaction between manufacturer and transportation. The data also include the information about completed transportation. This feature aims to deliver the condition of items. Besides that, these data also become the evaluation for the logistics to identify the problem and planning the solution. This is one of the EndChain commitment to improving the planning and timing of logistic company itself. The big data are also working as a supporter of the coin price. The data will represent the price of a logistics company, include their service fee for a month. The user can choose the object that will be paid by the tokens.

  

The ICO Information of EndChain

The ICO of EndChain starts to sell at 1st on December 2018 until 15th on January 2019. When the token sale is running, the target of this sale should be reached. For the threshold is up to $4 million, and for the hard cap is $15 million. The seal will unstop until the maximum amount already done. EndChain can add the token stock if it’s possible and needed. The ICO details are consist of five rounds. Each round has the bonus and price differently. It’s created to accommodate the customer needs that adjusting with their budget. These rounds are:

1st round: $1.500.000 raising goal with price 0.160 USD

2nd round: $3.000.000 raising goal with price 0.178 USD

3rd round: $3.500.000 raising goal with price 0.200 USD

4th round: $3.500.000 raising goal with price 0.218 USD

5th round: 43.500.000 raising goal with price 0.240 USD

The EndChain users can choose the round that they want to buy. For each round contains the bonus up to 50%, 35%, 20%, 10%, and five giveaways. On each giveaway will take 40.000 tokens. The tokens stock for the first launched is up to 23.419.944 tokens for soft cap and 74.567.312 tokens for a hard cap. The EndChain project still needs the process of completing the program. That’s why we always open to the people to asking us the critic or suggestion through our social media on:

Facebook: https://www.facebook.com/EndChainIO/

Telegram: http://t.me/endchainIO

The Cryptobank-Based Mobile Phone As A Revolution Of Banking

The Cryptobank-Based Mobile Phone As A Revolution Of Banking

Ease of transactions into one of the things that into consideration by users of digital sales. Everyone would want every deal done can be completed quickly. The development of the digital market became one of the things behind the movement from cash payments to digital payments. That should be accompanied by the creativity of the observers of the digital economy in creating a platform that supports ease and security in digital transactions.

One of the platforms that are ready to develop and set up a system for digital transactions is Crypterium. The Crypterium team has been preparing an innovation in banking that started five years ago. The change is called Cryptobank. Applying a similar concept to a Traditional Bank, members of Cryptobank can also make payments, exchanges, and loans.

In its role to provide convenience to its users, developers prepare a Crypterium app that can be integrated with smartphones. Apps are supplied for all bases like android, windows, and iOS. In a conventional bank, you need a debit card and a credit card to complete a transaction. Besides in a traditional bank to conduct digital trades the user must pass some time-consuming steps. That will be different from the concept offered by Cryptobank.

In Cryptobank, each user can use one smartphone only to perform various payments and transactions. The crypto assets of each user can also be quickly checked at any time via the smart digital contract wallet. With the concept of the purse, the system just debits the balance only without having to go through a lengthy process.

Every transaction made will be automatically saved into a decentralized system supported by blockchain technology. The use of Cryptowallet also allows users to see all cryptocurrency activities in one place only. Equipped with mobile banking makes it easier for users to create transactions. Crypterium offers an ecosystem that provides high security but supports maximum immunity for each user in the use of funds.

The algorithm used in the platform can ensure the right bids for each member of the ecosystem. The history of each transaction performed by the user will be stored in the system and will then be analyzed. The purpose of the analysis is to increase the calculation of risk. Identification of each member’s behavior can also be made through analytical methods.

The Crypterium Cryptobank Service for Digital Transactions

The establishment of the platform was initially intended to create a fast, comfortable, and secure payment process. Any activity that can be done by Cryptobank offers ease and high security. All support can be applied due to the use of blockchain technology with cryptocurrency. The method of the CRPT token should ultimately be generalizable for each transaction or payment.

The primary services that any Cryptobank user can perform are purchases and sales of cryptocurrencies and tokens like BTC, XRP, Dash, XEM, ETH, MIOTA, NEO, etc. The value of the applied conversion will be calculated with a high degree of accuracy. International scale transfers can also be made through a blockchain wallet account. Bank cards can also be used to transfer. The exchange and currency conversion between Crypto assets are also included in the essential services that any user can perform. Cryptobank also supports fiat currency transactions. Phone payments, penalties, loans, internet, etc. can also be made directly. Automatic debit is strongly recommended to speed up operations, and any data will be stored in the system.

If essential services are still not enough to meet your transaction needs you can use additional services, such as multi-currency transactions that allow you to write multiple currencies at once. Crypterium can assist you by receiving photo submissions from invoices at an extra cost. Crypterium infrastructure users are also charged for QR payments.

Services that are still in the process of planning the developer is the acquisition of a traditional banking license so that conventional banking can run side by side with digital investment. Besides, it is also scheduled to be issued interest from income deposits crypto. Banking statements will even begin to be pioneered along with the creation of a payroll account.

Along with its implementation, Cryptobank will continue to improve the service and quality of its services. With the Crypterium Cryptobank, it will complete an evolution of cash transactions into digital transactions as a whole. The development of this platform certainly gets a good response from the actors in the digital economy.

The Cryptobank for Business

The development of Cryptobank aims to provide secure payment services with Crypterium mobile banking. Cryptobanking will be the world’s largest payment platform with digital models and support smooth transactions. However, businesspeople may still be unsure of the application of crypto banking with the business being run. That deals with possible sellers who do not have contactless features.

For businesspeople, now you don’t have to worry. After spending five years on platform development, the Crypterium team has prepared a unique contactless system for businesses. With the system applied will expand the reach of your business. With innovative technology, your business can easily connect with a digital ecosystem.

The range of transactions for a business is probably different from individual purchases. The platform has set some rules for the bank crypto business. The following modules are specific to industries and all sectors.

  • The exchange of cryptocurrency can be done regardless of the amount without knowing the minimum limit
  • Every transaction made can be adjusted to the cashback and loyalty program applied by the platform and business
  • Can be connected with transaction history, currency filter, payment time, payment management details, shopping model to be performed, and new store connection.
  • The system applied to businesses allows the conversion of fiat money and cryptocurrency
  • Compared to the use of cash, digital transactions save time
  • The method of digital infrastructure is considered cheaper when compared with conventional payments.
  • All kinds of payment solutions can be integrated with crypto bank so that one account is enough to perform all types of transactions across all platforms
  • The solutions offered have passed the trial period in two years of use so that when launched, crypto bank can accommodate more members

The global settlement developed by Crypterium provides convenience and lowers administrative costs. Systems that run on the platform can be used as an alternative to achieve an increase in technical knowledge. Just the same as individuals who join the platform, businesses also require Crypterium App in mobile phones.

Automatic Solution Service in Crypterium

Crypterium development uses an API where there will be a role of QR code for transaction payments. QR code scanning will automatically make payments possible. Solutions with QR codes also speed up the checkout process. You can use this service anywhere, even to pay for vehicle parking fees though. The use of the API is not unfamiliar, but the use of a Cryptobank is a very brilliant idea.

Crypterium is implementing an opensource platform for the creation of Crypterium API development. Developers believe that the development of Cryptobank users will increase along with the increase of digital transaction enthusiasts. As a current application Crypterium solutions using mobile devices with a more practical purpose because in the digital era everyone cannot be separated from their phone.

Some services have been developed and provided through the Crypterium API such as wallets, exchanges, loyalty programs, crypto uses for online and offline payments, information retrieval, billing, automatic regular payments, automatic transaction notifications, and payments using tokens and cryptocurrency. All services will begin to be implemented from the start of the platform launch. The frequent addition of services to the platform may occur.

Not all services provided by the platform will be resolved in the future. By the time the platform has been successfully implemented it means the developer team has reached the point of success where the creation of a decentralized digital bank. The revolution of the world’s payment system will probably start from the Crypterium platform. So in the future, did not rule out the emergence of another Cryptobank with the same benefits and goals.

There is the official link to Crypterium:

 Social Media:

As a startup platform with five years of founding and development, Crypterium becomes a complete package in providing digital services. The use of cryptocurrency and blockchain technology makes Cryptobank a secure, low-cost digital bank of the future. Cryptobank can be integrated with all kinds of digital currencies to enable exchange transactions. For the development of Crypterium platform will open the sale of ICO tokens. The tokens used in the platform are CRPT’s that can be flexible because they can be redeemed at any time in any currency. Valid and valid money in some countries in the real world can also be redeemed for services provided by Cryptobank.

Crypterium mobile application can be the best solution for all sectors. Any digital marketplace platform can be integrated with Cryptobank. Not only that, transactions from any offline store can use Cryptobank for payment. One of the goals of Crypterium in the future is that the running of traditional banks and digital banks are in tandem with integrated systems using better technology. After the launch of the platform, the Crypterium team will continue to develop the service and create new products aimed at providing the best services at a low cost to all communities.

BANKEX As An Asset Business With A Combination Of Renewable Technology

BANKEX As An Asset Business With A Combination Of Renewable Technology

Traditional capital markets that are currently underway are considered lacking regarding liquidity. The level of cash has indeed become a problem that is often encountered in conventional asset markets. Realizing that, the founders of BANKEX have a mission to standardize the asset market with a newest technology and create a decentralized capital market. As a way out, then made Internet Assets (IoA) by using the principle of Bank as a Service (Baas).

Each technology used aims to realize a revolution of the conventional asset market to achieve an accurate liquidity. APIs in global banking can make BANKEX technology faster, scalable, and new products easily customizable. An economic transformation in the digital age is expected to create a transparent market.

The development of smart asset markets is needed for a better market era. By deploying highly experienced teams from banking and capital markets, BANKEX is partnering with blockchain developers to create a better and more profitable capital market. The presence of BANKEX can be the preferred partner that applies smart market contracts more accurately than the less liquid assets market.

Basic Concept of BANKEX Asset Market

In the development of the system, the developer team identifies the cash flows from real goods or services. A client’s assets create the use of a third party provider’s cash flow. To protect investors, BANKEX incorporates third-party asset, and cash flow audits in tracking based on the Internet of Thing (IoT) and Artificial Intelligence. The next step to protect investors is to minimize the risk of agents by holding assets in escrow. That can also be done with independent asset sourcing managers or secure assets. Assets are tracked and safely used as a token expense guarantee.

In the BANKEX ecosystem, the token has two meanings as the IOU contract security and as a payment tool utility with the ratio of one token equal to one service. Any payments made may provide an arbitration opportunity. Token used can be supported in the real world either for good or the value of a function.

BANKEX’s asset market also plans to trade BKX assets. Trade is made by OTC exchange, corporate and financial organization. This trade also allows the exchange of BKX assets. Each crypto coin is issued BKX protocol. The security used is traded on the stock exchange.

Integration of Internet of Thing (IoT) Technology in the BANKEX Platform

The IoT sensor has been integrated into unique technology development by BANKEX and external event into the Proof-of-Asset protocol which enables monitoring of asset cash flows from tokens. The prototype integration has also been demonstrated to apply this capability. BANKEX labs have teamed up with Xiaomi for a family device for the home. Every product and service from BANKEX has provided the asset owner with access to manage multi-level assets that offer real-time accuracy, convenience, and security.

The versatile technology behind the BANKEX PoA protocol has been integrated with various techniques that exist for the realization of services that transcend the real asset tokenization. The ability to integrate with IoT devices is a critical component of the technology. Each IoT device is intended to create asset management that can be merged with Fintech user experience that has never existed before. The Sandbox prototype for smart family homes has been developed by the BANKEX lab with Xiaomi devices to show that real estate assets can be monitored using a variety of different ways.

Through Xiaomi’s smart device as the next generation, IO system for exceptional homes offers the convenience and convenience of homeowners in managing the system remotely via mobile devices. BANKEX developed a technology that can access and integrate intelligent dwellings through a platform called DeviceHive. Homeowners can not only control doors, lights and home appliances but can also earn income when real estate is connected. The potential of IoT technology is wide open to provide users with a distinct experience.

Various security and convenience offered by BANKEX in IoT utilization. The technology can be used for the realization of real estate. The benefits provided are a new and unprecedented system of existing economic services.

  • The use of IoT is the safety of the next generation in an apartment. By using IoT, homeowners have access to the security of an apartment remotely using real estate owned. Everyone who attends the home can be seen and monitored.
  • With the integration of BANKEX makes the cost of managing real estate more affordable. Owners can avoid third-party security providers in handling real estate objects because they already have IoT tools such as Xiaomi smart devices.
  • Allows to share revenue from home assets, home assets with tokens, and can be used in a shared economy.

The Sandbox prototype BANKEX Labs can track doors and windows to identify personal presence at home. IoT sensors will be sent to DeviceHive and then recorded on the blockchain. Through the smart contract, in BANKEX it will make the asset owner can receive an automatic payment. To improve the assets on IoT, it is necessary to have procedures integrated with the IoT device infrastructure.

Issuance of blockchain assets can be done using smart contract functions through MetaMask. After receiving the ID, the user needs a backend connection. To connect with the IoT device then the web page will display the QR code that can be scanned by the user through the BANKEX IoT application. Additionally, the QR code can also be examined optionally via the QR scanner application. The app has the deep-linking support that lets applications launch with additional parameters such as asset IDs.

Proof of Asset Protocol as BANKEX Platform Builder Technology

Decentralized banking is very likely to be a new source of real assets in BANKEX. Demo versions of BANKEX products have been released to attract the interest of its users in using proof-of-asset protocols. With this new source enabling real assets of the crypto-centric Fintech platform can be available. The purpose of the release of the BANKEX Demo is a test of smart assets using blockchain.

Information filled by users will be recorded on the blockchain which will require the role of MetaMask as payment for the transactions made. Once you have created a particular type of smart asset, you will be directed to a more detailed form. Some QR codes will be visible and contain intelligent contract address, asset address, and transaction address. Mobile apps use the concept of the Internet of Things. Given the scanned QR code, you can enable to change or add asset data by using the mobile app.

IoT data is used to obtain more accurate information about assets owned and improve the accuracy of asset evaluation results. By scanning QR code you can provide an asset number that grants access to the application to identify the assets you need to attach in the IoT data. All data contained in IoT will be recorded in the blockchain.

BANKEX Development Plan in the Future

The BANKEX project has been started since 2009. As time passes, various achievements of BANKEX begin to be achieved. BANKEX has also won numerous awards and obtained funding from renowned investors such as Mircosoft Azure. The BANKEX Pre-ICO token has even reached a fantastic amount of $ 1.5M. With its support for platform development, the roadmap in 2018 to 2019 has been determined. The goal is that the project can run with focus and finish on time.

Achievements in 2018 are planned to have a KYC BANKEX adapter. Reported the first commercial plasma and first ISAO smart token sales. The merger of licenses and required permits will also be implemented this year. To increase the strength of the platform is also necessary to create partnerships with several banks and exchanges. Besides, as support for the fintech community, it is required to develop a multicurrency token sale engine.

Implementation of the smart, smart conference will also be held in 2018 in Las Vegas. Development of portfolio’s finest management system even began to develop in this year. The event will arrive at the creation of a universal counselor of renewable smart-contracts and will start the BANKEX operation in Switzerland. In this year we will begin to work on interaction methods in the mining product scheme and the launch of cryptocurrency derivatives.

In 2019 the mechanism of BANKEX foundation began to be introduced. Smart, independent token for ISAO expansion. The integration of primary conventional banking and crypto economy and launched the standard intelligent token asset creation service. The center for smart asset certification will be established in 2019. Banking licenses will also be obtained this year. Besides, support from the law, companies, taxes, permits from entities for banking services in leading countries should also be achieved by 2019.

As a renewable platform with the incorporation of IoT, Baas, AI, and blockchain technologies will make BANKEX a profitable protocol in the asset market. The system offered is also apparent and directed. Having a goal to achieve a high level of liquidity makes BANKEX always ogled by investors. The application of cryptocurrency further supports the security of transactions taking place within the ecosystem. Ease of access from the user-friendly interface of the website and the app made probably increasingly adding to the convenience of each user to transact.

Official Link To BANKEX:

Social Media: