Swiss banks are preferred by people all over the world. Expats and offshore companies benefit hugely from flexible Swiss banking rules and their policies on financial privacy. Creating your account in a typical Swiss bank is already easy. A lot of them don’t require visits and doesn’t involve too much red tape. But still, most of these banks follow some bureaucracy which can’t be eliminated without decentralizing the system. One smart way to decentralize a bank is to employ blockchain.
Swiss Borg is the very first Swiss cooperative bank that is owned entirely by the community. Instead of bank employees, smart contracts validate your transactions here. Swiss Borg has its headquarters in Switzerland, a global hub of wealth management and banking democracy. With help of blockchain, the account identifiers are the only identity you need. It gives you certain perks of extensive use of technology.
Technology:
• Artificial Intelligence is employed to monitor client analytics and client satisfaction level correlations.
• ERC20 makes it possible to tokenize all features including voting rights.
• SSL encryption is in place to secure the data that travels from your web browser to web server.
• IoT helps shaping things towards concept of smart property, especially tangible real world assets.
• Open API helps anyone to create interaction between SwissBorg portfolio management software and other financial systems.
• Biometric identification is in place to secure data, which cannot be unlocked without personal authorization.
• Big Data is employed to deal with limitations of not knowing clients profile in detail.
Current problems:
Current banking systems involve too much fees, and offers no customization and democratization. It cannot accommodate the vast number of cryptocurrencies in its system. On chain, it faces multitude of hacking and other cyber threats. Most investors have unfriendly user experience with even the top banks that carries its business online.
SwissBorg’s solutions:
SwissBorg solves all this problems by building a fool proof decentralized banking system that offers crypto asset services. It offers advisors and investment managers an easy access to cryptocurrency asset class. They enjoy the best of the breed technologies at SwissBorg. The best aspect of the bank is it is built on community centric values.
SwissBorg smart mandate:
This is an investment mandate exclusively made for Ethereum blockchain technology. It combines both cryptography and digitalization to unlock more accessibility and customization. Every customer can own an entirely customized smart mandate. It allows for more transparent access to investment services.
ICO Details:
The crowdsale for SwissBorg tokens begins by 21st November 2017. The hard cap for the crowdsale is 50 million CHF ($50 million approx.). The total supply will be 1 billion tokens, which will trade with symbol CHSB. Unsold tokens during crowdsale will be reserved for future use. After the ICO, the tokens will automatically be exchange traded. The tokens give you right to get 25% of SwissBorg revenue. Payment will be via ETH, where preprogrammed smart contracts facilitate secure and automatic transactions. Less than 40% of the tokens will be available for crowdsale. More than half of the proceeds will be used on marketing and software development.
Important Links:
Please find all the important links related to the project below and stay connected.
Website: https://swissborg.com/en/
Whitepaper: https://swissborg.com/files/swissborg-technical-whitepaper.pdf
Btt forum thread: https://bitcointalk.org/index.php?topic=2161736.0
Facebook: https://www.facebook.com/swissborg
Twitter: https://twitter.com/swissborg
Telegram: http://t.me/SwissBorg
Kind Regards!