TraXion Project

yusufjay (25)in #traxion • 6 years ago

ABOUT - TRAXION

TraXion is building an ecosystem where everybody can work together for the common good by enforcing data integrity, accountability, transparency, and trust with a smart contract–enabled blockchain platform that is scalable, immutable, transparent and permission.

THE PROBLEM

Blockchain has emerged as a newcomer with a competitive advantage. Blockchain has gained its popularity due to the hype on cryptocurrency. Such hype has shaken many startups to launch cryptocurrency. However, Trends like these are often short-lived because without interesting fundamentals and no economies of scale to think about.

As for things that matter now, that is;

Financial inclusion
Speed
Cost
Bureaucracy
Transparency

TRAXION SOLUTIONS

Using the latest IBM Hyperledger Fabric technology, Traxion provides seamless integration and connectivity among networks, businesses, and people. Traxion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. It is an environment where for-profit meets non-profit sectors and develops a synergy towards corruption-free social impact activities.

There are start-ups trying to focus on a niche and would not take advantage of economies of scale, which is one of the main advantages enjoyed by traditional financial institutions that may not be as technologically advanced. Traxion plans to offer traditional financial products in a blockchain-driven environment, eventually becoming the crypto-economy for payments, peer-to-peer lending, remittances, savings, insurance, investments, and philanthropy.

HYPERLEDGER FABRIC TECHNOLOGY - Easy. Frictionless. Compliant. Check out the Video:

WHY TRAXION?

Competent team with relevant skills.

The TraXion team includes specialists with about 20+ years of combined experience in cryptocurrency, banking, blockchain and peer-to-peer technologies, payments, AI, cyber-security, internet marketing and economics, politics and PR.

Proof of concept and relevant products.

Established a firm footing with GavaGives and TraXionPay.com with over 20 thousand members combined, and with a white label version of the TraXionWallet already in use by our customers.

Current contracts and partners.

Unbanked people in the Philippines will now be able to use a prepaid TraXion MasterCard linked to a digital wallet to enable crypto transactions, peer-to-peer payments and lending. Onboarding up to a million SEACOOP members on the TraXion Wallet.

The network of users and organizations.

Individuals, merchants, conglomerates, and non-profit organizations—all in a single infrastructure that enables a crypto economy free of obstruction, fraud, and bureaucracy.

TRAXION VISION

Send & Receive Payments Seamlessly.

Payment gateway providers have not yet crossed that barrier of gruesome integration using very complex codes and procedures. With TraXionPay, using simplified merchant onboarding, any small business owners can receive payments even when customers don’t have bank accounts. Mobile payments through QR codes will be utilized to access users’ HyperTraXion wallet and transact efficiently and quickly.

Merchants accepting payments online oftentimes experience fraud and interrupted the flow of capital. With the platform’s proprietary know-your-customer (KYC) solution, TraXion will help the businesses on the system to avoid risks of encountering fraudulent transactions and customers, while benefitting from payments financing. Ultimately, TraXion will provide a white-label platform that integrates multiple payment options on a blockchain with a built-in KYC for onboarding of merchants and be used by any chain of merchants and its subsidiaries.

Moving Towards Ending Poverty

Digitization in a decentralized system will invoke vast networks and produce a series of records of all transactions every second that are tamper-free. As such, TraXion restricts corruption and will help solve poverty as the field levels and all people can have equal access to all financial services and benefits.

The blockchain is truly shaping up to be the technology that could be the vehicle for social change. However, it’s still a bit of a reach to claim that blockchain will be the end of poverty. Besides, poverty is a multifaceted problem that needs a holistic solution. What’s exciting about TraXion is that it can influence several of the factors causing poverty.

Theoretically at least, an affordable, fast, and transparent means of transacting holds much promise to benefit the poor. The technology has also developed significantly beyond the payments advantage. The introduction of smart contracts has made TraXion platforms more comprehensive and versatile to deliver financial services and aid monitoring.

Transparency of Aid

TraXion envisions truthfulness, accountability, and transparency during the depression in any community. Aid from individuals and corporations should not be put to waste or worse, to a corrupted system of either government or non-governmental organizations tasked to distribute it.

The possibilities for cryptocurrencies and blockchain for good are unlimited. Philanthropies will benefit from automated “smart contracts” with their grant recipients, which only receive funds when grant conditions are met. Blockchain provides foundations and social impact investors with more robust and transparent impact tracking and measurement systems. Foundations could even issue their own digital currencies or operate charity-specific cryptocurrency exchanges.

TraXion aims to put trust back into the community to be able to give more and help more people around the world. A better world for the future generation using the power of blockchain technology.

TRAXION FEATURES

TraXionWallet

Enables remittances, P2P lending and donations, along with data analytics and a rewards system. We provide white-label wallets to organizations who want to move financial assets at zero cost through tokenization of their local currencies.

TraXionChain

Creates customized business solutions on the blockchain for conglomerates requiring interoperability, data integrity and asset tracking within their supply chain.

TraXionContract

Applies smart contracts to guarantee complete transparency and integrity of information, improved performance management and reduced wastage and corruption.

TraXion has launched several products and services to prepare itself for this exciting event of involving the crowd in its mission. TraXion plans to have significant infrastructure in place prior to the initial coin offering (ICO). To date, TraXion has built four (4) of the six elements in the proposed economies of scale:

Payment Platform,
Wallet,
Personal Finance Platform and
Fundraising Platform.

These four platforms will soon be on TraxionChain – connecting people to effectively transact payments, lower the cost of peer-to-peer lending and remittance, transparently account for philanthropic activities of non-profit organizations and enable insurance and investments processed more efficiently using smart contracts.

TraXion is building a crypto-economy to last, therefore, the focus will be on the scale, elimination of middlemen, and decentralizing legacy systems. To achieve these goals, TraXion will offer white-label platforms across the globe and connect them in a distributed, permission and secured blockchain. It will be used by banks, operators and agencies in key jurisdictions to process in different fiat currencies and facilitate cross-border transactions without the need for counterparties while also enabling all players to donate to causes this blockchain trusts.

BENEFITS OF TRAXION

Has a competent team with relevant skills

The TraXion team have an average combined experience of 20+ years in various industries from business development and entrepreneurship, to cybersecurity, financial technology, and blockchain.

Has proof of concept and relevant products

Traditional financial products and donation channels are innovated and made available through TraXion’s distributed financial infrastructure for aid candor, elimination of corruption, and financial inclusion.

Has current contracts and partners

TraXion will be among the first distributed platforms on Hyperledger Fabric technology and has established working ties with several financial technology services for an all-in-one financial solution.

Has a network of users and organizations

Individuals, conglomerates, merchants, and non-profit organizations — all in a single infrastructure that enables a crypto economy free of obstruction, fraud, bureaucracy.

TRAXION ICO

TraXion is building a blockchain to last by focusing on scalability, elimination of middlemen and decentralization of legacy systems. We will raise initial funds to achieve these goals through a token sale.

TraXion Token Details