THELOGICALINDIAN - There are two Protocols that are broadly acclimated today ProofofWork and ProofofStake they are absolute for cryptocurrencies However with the growing appeal in facilitating asset aqueous and yet alienated continued and backbreaking procedures of acceptable banal bazaar acquiescence and regulations a new access has paved its way BANKEX was appreciative to present their Proof of Asset agreement This technology enables advice to be anesthetized on in absolute time anon into the blockchain
What is BANKEX Proof – of – Asset protocol
By harnessing and base the technologies of Internet of Things (IoT) and Artificial Intelligence (AI) BANKEX is architecture its Internet of Assets (IoA) on the foundation of Bank-as-a-Service (BaaS). The BANKEX aggregation is aimed at carrying a Proof – of – Asset (PoA) agreement that will be advised an industry accepted for the conception of new decentralized basic markets in assorted business niches.
BANKEX PoA agreement will be accessible for third-party fintech providers, such as – AI and IoT labs, acceptable banking institutions and best chiefly a advanced array of asset owners.
BANKEX technology is alteration the way accustomed affairs are agitated out by authoritative them clearer, faster and abundant added reliable.
Asset Tokenization
Tokenization is the action of attention acute abstracts by replacing it with an algorithmically generated cardinal alleged a token, abundant like a website area is a representation of an IP abode on the internet a badge is a representation of advice on the blockchain. By processing this advice BANKEX PoA can accomplish accomplishments that would usually crave a third affair for verification, such as payments. In laymen agreement – tokenization of assets is basically the action of casual on the rights to an asset into the blockchain and authoritative it globally available. Our tokens backpack both functions: account and security, while confined as a aperture to our belvedere they are additionally backed with the absolute apple assets.
Currently, banking markets are faced with several problems that advance to lower clamminess of assets, actuality are aloof a few that BANKEX attempts to eliminate:
In adjustment to tokenize an asset, the aggregation needs to ensure that said asset generates banknote flow.
How it works
BANKEX serves as an ecosystem that unites Bank – as – Service, PoA protocol, and blockchain technologies.
Bank – as – service is a model, that enables alms of fintech casework after creating brick and adhesive banking institutions. By application APIs and abstruse processes it delivers the adeptness to actualize new banking articles for assorted business niches. Currently FinTech is activity through a date of accelerated evolution. Application a BaaS archetypal will advice FinTech companies and businesses aggrandize their potential. Decentralization, that is accessible in blockchain, and acute affairs can break the botheration of absent trust, associated with avant-garde banks.
In general, 3 entities are complex in the process:
Everybody wins: originators are empowered with new business opportunities, suppliers access their advance portfolio, and artefact owners account from acknowledging affairs amid originators and suppliers.
The Process can be burst up into 4 stages:
Use Cases
The Proof – of – Asset agreement technology can be activated to assorted business niches all over the globe.
Let’s analysis a few accessible applications. Target assets – assets with capitalisation added than $100 million.
BANKEX is accurate by 10 banks, top abstruse companies, including the Microsoft Corporation. BANKEX is ranked in Top 50 fintech startups of the world.
BANKEX technology is claimed to be acknowledged by associates of the blockchain community. During the accessible presale, $10 actor was raised, while the bulk of $1,5 actor was accomplished at the pre-ICO stage.
Further advice on BANKEX is accessible at:
