Without any doubt, banks are a part of everyone’s life, regardless you are a simple individual or you represent a company, an association or an organisation. Money operations, bank products - are all highly used, throughout the world. Research shows that more than 60% of the world’s population owns at least one bank account and 40% uses a debit card. Another report shows that in the USA, the percentage of people who applied for credits (credit card, auto loan, home loan, etc) reached 39% in the past year.
However, the majority of us are not aware of the issues the banks have regarding payments - for example, it may take banks even 6 months to launch any kind of pilot; another year may be needed to make a commercial operation or it may even seem as forever is needed to change a old banking system for a new one.
Banks are old
All these slow operations and old systems led the way for Bankex to be born - it brings to the market the new financial system that will bring a much higher value to people. Bankex started in 2015, with the idea of Fintech innovation lab (FinLab). The first startup that was launched through the lab was KYC Findostavka, a type of Uber for financial curriers where banks can have a representative even if they don't have the coverage or any branches (in the region where it was initiated). Then there was a crowdfunded startup that permitted secretisations of the loaned companies, currency exchanges and so on. Later, the whole model switched to Bank-as-a-service platform - a product that could be sold to banks or companies. Finally, there was the realisation that the best way to sell these products was to offer them as blockchain products.
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 hedgefond 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).
The goal of the pre sale that was recently closed was not just to raise 1,5 million dollars but also to built the network of evangelists and early adopters or investors, all over the world.
BankEx developed the Proof-of-Asset Protoco - a solution that addresses and resolves the problem of non-fungible asset liquidity. Every token released within this protocol is 1-to-1 ensured by an asset. The PoAP is in essence a combination of BaaS (Bank-as-a-Service that we mentioned earlier) and blockchain technologies
Visit the official website at https://bankex.com/en/ and prepare to join the BKX token sale.
For more information, also download the BankEx smart white paper that presents the BankEx Proof-of-Asset protocol of assets tokenization and liquidity. In this document, the practical implementation of the Ethereum based platform is detailed, showing the multitude technical and economical aspects of the protocol. Access the online document here, at https://bankex.com/en/whitepaper.