BankEx- A New Generation of Assets and Contracts for Decentralized capital markets

shadyrifles (34)in #blockchain • 7 years ago (edited)

The world of cryptocurrency is hard to ignore in any settings today. The virus is sweeping across the globe. More people are embracing it on a daily basis. The advantage that the crypto has over the regular FIAT currency is that of decentralization. More sectors of the economy are leveraging on this to build ICO (Initial Coin Offering). Bankex proof-of-asset protocol (PoA) is a standard that enables a new generation of assets and contracts called decentralized capital markets. Bankex building internet of Assets (IoA) on the principles of Bank-as-a-service (Baas), powered by the Internet of Things (IoT) and Artificial Intelligence (AI) technologies. PoA protocol is open for 3rd party fintech providers.
Bankex as an organization aims to organize and unite members of the financial markets to build a community and implement the Proof-of-Asset protocol enables communities to profit from the mutual use of assets.

There are mainly three main trends in the banking evolution according to Mckinsey and co.

1.Evolution
2.Increased regulation
3.The increased pace of technological development

Blockchain helps to store funds and keep your transaction secure. The blockchain technology powers Bitcoin. There is no need to have a centralized authority in the system. Blockchain helps to maintain an increasing list of records (Blocks), each has a timestamp and contains a link the former one. Bitcoin allows automating a different process, and banks can benefit from it a lot. Decentralized Baas is the future of banking. The world is changing, and technology is leading the race for this innovation. They are no longer readily controlled by conventional tools.

The innovation that is occurring in the banking sector might not be thought of some years back. Bankex is set to revolutionize the banking sector for good. The logic of Bankex was based on the ethereum smart contract, and it uses all the infrastructure advantages.

Benefits of using BankEx-

Using proprietary fintech solutions, BANKEX aims to bridge the gap between the emerging blockchain sector and traditional finance. Deploying smart contracts and enabling tokenization, the platform powers off-balance sheet crowdfunding, chain finance and leverages external infrastructure, creating efficient and time effective solutions.

Bankex has to meanings-
Bank Exchange - building a platform where banks from all across the globe can exchange the products, in an open marketplace
Ex-Bankers - most of the people in the team are ex-bankers or top managers from different banks.
Then there are different members with capital market and hedge fund backgrounds, infrastructure engineers and entrepreneurs who built solid products. In short, the team behind Bankex is made up of people from the Cryptocurrency sector (Sasha Ivanov, Waves; Sergey Sergienko, Chrono Bank; Nehemia Kramer, Digital money investor) and people from the Fintech Industry (Chris Skinner; Gabriele Columbro, Symphony Foundation). Bankex tokens are ERC-20 resellable. That means you can transfer your tokens to wallets that support the ERC-20 standard. Some Ethereum wallets include MyEtherWallet, MetaMask, Mist, Parity, Parity + Ledger etc. All software and hardware wallets are available supporting ERC-20 tokens.

BANKEX has announced the launch of its Public Token Sale until December 28, 2017
The BKX Token Sale will start with an early bird price 1 ETH= 550 BKX
and it will increase according to Token sale as volume, in the end, the Token Price will be 1 ETH= 500 BKX

The current status of ICO- US$ 30 Million Raised