THELOGICALINDIAN - BANKEX founded in 2024 by Igor Khmel Ilham Hatypov and Dmitry Dolgov aims to accommodated thedemand of convalescent asset clamminess application a proprietary Proof of Asset agreement advised to enableinformation to be anesthetized in absolute time anon to and from the blockchain
[Note: This is a sponsored article.]
This technology is appointment the advice about an asset to the blockchain enabling fast affairs and alienated bulky rules and regulations of a acceptable banal exchange.
By demography advantage of technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) in adjustment to actualize Internet of Assets (IoA) BANKEX is architecture a new accepted of decentralized banking market.
The PoA agreement can be acclimated by assorted entities from Fintech providers, including AI and IoT labs, and acceptable banking institutions to any asset owner. BANKEX, based on Bank-as-a-Service (BaaS), is evolving accustomed transaction mechanisms. All the affairs that are agitated out application PoA are faster, clearer and abundant added reliable. This technology ensures that every distinct badge is backed by a absolute asset. The PoA increases the liquidity of real-world assets while carrying connected real-time updates to both asset owners and investors.
Tokenization is a action that transforms abstracts on an asset into an encrypted code, additionally accepted as a token, in adjustment to represent this advice on the blockchain. BANKEX ensures that all the advice about an asset is accordant and actual by carrying analysis processes.
Traditional banking markets appointment several problems that advance to lower clamminess of assets, article that BANKEX is attractive to fix. Such issues accommodate but are not bound to:
Bank-as-a-Service (BaaS) works by alms Fintech casework after the charge of a traditional, artery and adhesive bank. Roles aural the BANKEX ecosystem:
The action creates a win-win for all involved. Originators accept new opportunities, suppliers can access their advance portfolio, and artefact owners account from carrying casework to originators and suppliers.
BANKEX’s action encompasses 4 stages – Digitisation, Tokenisation, Asset Trading, and assuredly Dealing.
Digitisation: BANKEX collects and verifies all advice apropos a specific asset. – All acknowledged and accounting disputes and issues bound during this stage.
Tokenisation: acute affairs are created on the Ethereum blockchain. As a result, an asset transforms into a Acute Asset. At this stage, the badge is created. If bare BANKEX provides escrow services. The badge again goes to market. Tokenization by its attributes is the abutting bearing of securitization.
Asset Trading commences, the amount is adapted based on bazaar offers.
Dealing: by application the Proof-of-Mining agreement the badge is affirmed to be delivered to the supplier (investor). The badge is delivered to the supplier (investor) and is kept in his wallet, the BANKEX badge is delivered to the artist (asset owner).
BANKEX PoA can accept assorted applications. Here are a few of them:
Real Estate. An all-embracing coffer (the client) has a allotment of bartering or residential acreage (the asset) aloft which it affairs to advance apartments. In this case, the badge represents a anchored cardinal of aboveboard meters of those apartments (e.g. 1 badge = 10 aboveboard meters). Investors accept a aqueous asset afterwards the to-be-built absolute acreage is tokenized.
Drinking Baptize for Africa (non-profit). In this scenario, the applicant is a baptize clarify ambassador and the asset is arctic bubbler water. Charity donors can buy baptize tokens, with 1 badge apery 1 liter of bubbler water. After baptize tokens are purchased, the donor can potentially again clue the adventure of that baptize all the way to the end consumer.
Retail Franchise Network. A retail alternation (the client) can use their store’s banknote breeze as an asset. The tokens are backed by acquirement generated by royalties from franchises. Tokens can be acclimated to acquirement articles in the alternation stores, with 1 artefact according to 1 token. Badge owners can buy articles from the retail chain, as able-bodied as booty allotment in the company’s controlling process. The business case, in this example, would be to accounts amplification and accessible a new store.
BANKEX has acquired abutment from 10 banks, top tech companies including Microsoft. They are additionally ranked in the Top 9 ICO by Entrepreneur and is advised to be in the Top 50 Fintech start-ups in the world. During their aperture presale, BANKEX aloft $10 million, with a added $1.5 actor aloft above-mentioned to the pre-ICO stage.
For added advice about BANKEX, amuse appointment the company website. You can additionally allocution to the BANKEX aggregation on Telegram and chase them on Facebook.
What do you anticipate about BANKEX’s Proof-of-Asset protocol? Will it accomplish the tokenization of commonly illiquid assets easier and added accessible? Let us apperceive in the comments below.
Images address of BANKEX
