Block Bank is one of the first worldwide crypto banks Who will provide services to meet the global need for decentralized commercial funding.
The Block Bank concept is the first of its kind, a digital funding plafform designed to serve human needs rather than profits alone. The platform will operate automatically online opening up low cost commercial products to previously unreachable markets.
Solution
Crypto Banks will become the basis of a new decentralized economy due to the expanding payment possibilities, minimum taxes, improvement speed and enhanced security.
The decentralized funding source will provide financial services in line with international legislation (Base III) digitally and directly to commercial entities. Clients will benefit from bespoke funding products and low cost funding options, as well as international comliant banking and financial services.
Block Bank will benefit corporate markets by providing access to low cost funding products in line with terms, conditions and legislations of their jurisdictions via the online branch and crypto exchange. Block Bank will provide custom products designed to meet needs and improve efficiency.
Why block bank?
Block Bank will utilize blockchain technology to deliver products customers through smart contracts. This means that the core banking system will perform much of its tasks automatically. Smart Contracts will provide transparency to external parties and communities.
Smart contracts also give Block Bank clients added security and trusted transactions,
Blockchain technology completely solves the problem of cross-border participation in the banking system. It allows you to unite users from all corners of the world, minimizing transaction costs, maximizing the efficiency of the capital movement around the world. The ability to obtain loans with minimum fees and taxes regardless of the user location, became achievable through innovative blockchain technology.
Block Bank is the next generation of B2B banking. It puts its users in the position to make money and help people develop businesses. We do not offer personal accounts. We offer secured lending products and financial services.
What are the project risks?
The main risk is not being able to be licensed Block Bank has already received decision in principle for its regulated activities and will be fully licensed in February 2018 befor the Bank Bank Pre-ICO.
What is the DDAMS blockchain?
DDAMS is a cryptographic algorithm built in the Ethereum blockchain which clients will use to submit their funding application into the core banking system. The DDAMS blockchain will store all banking information as well as a register of banking activity.
What does the system do?
DDAMS will provide a streamlined protocol to deliver all client information to the core banking system to calculate product features in real time. DDAMS will also provide the crypto register of token holders, the route to claim their drawing rights on annual profits.
Block Bank Core banking system
The financial projections are based on business revenues which have been calculated from sales projections on a monthly basis as well as pre-contract agreements and latters of intent from partners.
Token Distribution
BBRT can be exchanged for cryto and fiat via the Block Bank Exchange.
Due to the limited supply of tokens in circulation and the unlimited demand for finance and refinancing block bank tokens can only appreciate in value as Block bank develops is lending portfolio. Clients of block bank have to secure their deposits in BBRT which means ther will always be demand for block bank tokens and a robust stable secondary market with consistently high volume.
More Information Connect To Block Bank
Official Website: http://theblock-bank.com/
Whitepaper Link: http://theblock-bank.com/pdf/blockbank_whitepaper.pdf
Official Facebook Page: https://www.facebook.com/blockbank.cash
Official Twitter: https://twitter.com/block_bank
Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1298523
ETH wallet address: 0x09d11ba5E294221805b5259570F67a6A9836da59