Dec 24 2017
Recently, we can conclude some ICO products which have good appearance. In an outstanding market, investors are free to choose which one the trusted ICO who wants to follow. It’s exactly according to their consideration. The high potential platform will be selected. After many platforms appear in ICO period, the investors seem like confusing to choose one among the best products. It’s so hard to determine which is the projects that will provide the great benefits, because if the people in the wrong choice, it will create the huge losses.
Bankex as the new platform that is combining Proof of Asset (PoA) Protocol, the principle of Bank as a Service (BaaS), Internet of Things (IT) and Artificial Intelligence (AI). All components being integrated into one system named blockchain. As we know that the growth of business and financial system running continuously, in a few last decade the traditional financial system becomes the most trend system, but gradually this system exposes the weaknesses.
The investors usually save their assets in real estate, gold and stock form. This kind is uneasy to sell out physically. The alternative ways are changing these forms into legal paper through the authorized institution. But, it arises the problem, the assets trading becomes complicated because should be involved the third party (in this case is law enforcer) to legalize the transaction. So, time by time this way become the causes of non-liquidity assets.
Because the traditional system can’t hold the liquidity of assets, Bankex build as the solution to this problem. The sellers and buyers need the privation when doing the trading, Bankex provides this way. Through the tokenization of assets, the trading comes so easy, because each item has each token. So, it’s not needs to involve the third party anymore. In this case, Bankex as the future of financial technology tried to develop the digital system in the business world.
The General Description of Bankex
Blockchain has been used in the various aspect in simple and manufacturing of trading transaction. This is one of the trusted ways for the financial transaction. Besides the benefits of these technologies, the blockchain becomes a great management and tokenization tools. Why? Because to digitize assets requires lots of work. It through some stages, the checking, the agreement of both sides takes a long time. The usual digitalization system will not be able to digitize many modules at one time; it might happen an error of processing.
In this case, blockchain plays the biggest role. Blockchain can automate each transaction related to assets. It’s secure and trusted; the important is benefits of blockchain service has the meaning removing third party authorization requirements. The transaction will faster, clear and transparent.
Because the assets sell out as a digital product, the asset exchange becomes easier that will generate better liquidity. Whether its the business owner or traditional financial institution, the blocker is effective in implementation and surely brings out the great result. The popularity of bitcoin makes the people begin to understand how to use bitcoin. However, regardless of these knowledge, to acquiring bitcoin is an uneasy thing. Even today, bitcoin is a privilege for some people only.
Bitcoin can’t fill out by assets, and the coin also can’t use for tokenization. The digital coin that supports tokenization is Bankex. Bankex builds as the future for financial technology. Tokenization is the way to manage assets in blockchain environment. Bankex takes the next tokenization by adding more features such as PoA Protocol. From that case, appear the question how the differences between tokenization and digitalization are?
Digitalization assets are only about making assets to be the digital format. Its include creating the description and publish it in the market. In another hand, the tokenization is the reforming an asset into tokens which has the proof fraud feature as a part of blockchain benefit. Learn more by visiting the ann thread https://bitcointalk.org/index.php?topic=2013627.0
The Aims of Bankex
Bankex created the standard that allows the new generation of assets and contracts to build the decentralized of the capital market. Bankex implements Internet Asset (IoA) according to BaaS principle and supported by IoT and AI. The PoA opened for Fintech providers of the third party, the Lab AI and IoT, traditional financial institution and assets owner. The BaaS, PoA, and IoA have the revolutionary character to optimize the liquidity of nonfungible assets, non-liquid traditional class asset, and global banking.
Bankex technology created to betterment future for financial technology. It’s capable of makes the trading quick and easy. The new products can adjust with the complex, financial infrastructure and class of assets. Bankex try to change the financial system for the digital era and creating the global market integrate with high transparency. The successful of this platform can’t separate with an expert and experienced team in capital market and banking sector. Bankex becomes the partner for several TOP blockchain developers. The bank which has the interest in implements smart contract for non-liquid traditional class asset.
The point is to realize PoA protocol that allows the user to takes all assets, tokenize and then allows to exchange on their platform, Bankex tried to build the new smart contract (one of that is new Escrow smart contract). Bankex also works on the legal issues and to effort the user obedient toward the provision of Bankex corporation. For more explanation you can kindly follow the social media account:
- Telegram: https://t.me/bankex
- Facebook: https://web.facebook.com/BankExchange/
- Twitter: https://twitter.com/BankExProtocol
The ICO review of Bankex
Based on ICO Rating review, Bankex project placed the stable rating. This platform is unpredictable to checking the ration of supply and demand. Since founded in January 2016, Bankex able to reach the success when pre-ICO with 400.000.000 BKX tokens are a sell out on first launching. The team is also holding the research to develop the blockchain technology through ICO system to building the platform for real assets tokenization. ICO has the primary aims to make Bankex as the biggest blockchain corporation in the world. It’s possible if the token sales success to get the people trust.
The details description and qualification of the real problem and solution are improved by the team. But, there’s no separate website which explains the ICO, it’s done to protect the Bankex from retail maximally. Besides that, it has the goal to socialize the investors that they have the right to making a private transaction with no involve the third party. This is the reason why Bankex is placing as the future for financial technology.
The evidence that issued when ICO is utility tokens. This tokens usage as the purchase when buying the smart asset. Just for your information, the classes of tokens consists of three kinds; there is soft, retail and hard cap. Each class have a different point of BKX tokens, 20.000.000 for soft cap, 80.000.000 for retail cap class, and 220.000.000 for a hard cap with minimum purchase is 1 ETH. Through these points, the investors will get more and more benefits from Bankex. Please kindly look at the site:
Bankex also achieves some reward and recognized as the good blockchain developer. The TOP 50 Startups Fintech successfully achieved in July 2017. The Bankex team gives maximum effort and dedicate themselves to provide the best service for sellers, buyers, bank, and all related parties on the digital financial market. From that explanation, we can get the point that Bankex has high capability and promising the people to improving their business. This is the best way to gain more and more commercial.
Why Is Bankex Important In Our Business Life?
The most important feature on Bankex is Bank as a Service (BaaS). The working of Baas is offered three main roles on the business ecosystem. There are:
- The owner of the asset or usually called as the originator. This party provides the items will be sell in the platform. The owner also engaged as a seller. All seller obliged to gives the information about assets (like originality, the legal document, condition, etc.)
- The buyer or named supplier. This party holds the position as investors. They choose and buy the items using tokens. If the investors collected tokens and not distribute on token sales, it’s not a matter. The tokens are remains available and not eliminate.
- The last one is the owner of the product. In this case is Bankex as the service provider of financial technology. This party has the roles to improve the transaction and trusted atmosphere while trading.
As explained before, Bankex gives the people more benefits. The investors should know which is the platform that available the greatest number of profit.
- By using the blockchain technology, the transaction will go faster because there’s no involve to authorize process.
- Prevent the instant protocol to exchange assets, Bankex able to detect all information about the items that sell out on this platform. So, it’s impossible to exchange the item with no verification.
- As the realization of a new generation to the better future for financial technology cause Bankex can making a move in trading adjust with consumer needed.
If you’re still curious more the strength of this platform, please kindly read white paper on https://bankex.com/en/whitepaper