Ecommerce nowadays has evolved in substantially to the extent that you can actually create a digital picture of your assets and get it valued by digital money, i.e. Bitcoins. Early 2000s, this was something unheard of. Fast forward to 2017, there is a whole world out there offering you the chance to sell and buy anything from anywhere using digital money. That’s the beauty of the internet and the Internet of Things (IoT).
What is BankEX and how does it work?
BankEX stands for Bank Exchange and from the name you can guess it has been established to deal with banks as its audience and their products to be specific. Basically, they use blockchain and Baas (Bank-as-a-service) technology to create Proof-of-Asset protocol (PoA) that helps with asset liquidity. As you can safely assume, not all assets can be converted, therefore BankEX aims to issue tokens that represent real assets. The difference between BankEX and others using PoA is their ability to breakdown assets characteristics in order to tokenize it. BankEX specializes in creating tokens for class assets with the sum of 100 million USD as capital.
Benefits of tokenization
A lot of assets cannot be turned into cash due to their nature or the amount of time it takes to truly build its value and get rewarded accordingly. The process of tokenization takes minutes to execute as long as all requirements and information are clearly given. The results are accurate and gives true value to the asset specifications.
In some situations, one asset can be owned by multiple owners and some assets can be in the form of services which makes it hard for owners to truly benefit from the asset. Those token owners can also benefit from having a large number of investors ever increasing the profit of the actual asset.
Moreover, talking about tokens as digital money, it also means using it as a payment method to buy other assets. In this case, since BankEX has partnered with 9 banks who in turn are involved in investment projects, you get to invest in projects like building and also use tokens to pay for rent in those buildings.
Even more exciting, assets with large entities that require a magnitude of legal and accounting services, can be easily reduced to the size of a token that will expedite and facilitate its transfer from one owner to another in case of acquisition. Thus, reducing a complicated time-consuming process into nothing more than a click at virtually no cost.
BankEX offers its services primarily for assets in the financial market which creates liquidity for banks and investment opportunities with expected and clear cash returns. It aspires to build Internet of Assets (IoA) with the power of Artificial Intelligence and 17 strategic partners. BankEX also offers token sale in compliance with US regulations where both individuals and institutions are eligible and get a fair chance to participate.
If you wish to find out more and profit from BankEX token sale, please visit https://bankex.com/en/.