Everything you need to know about Bankex ICO
Bankex can be considered as one of the up and coming tokenization technologies. It is based on the highly discussed Blockchain technology. The primary objective of Bankex is to deliver an advanced proof of asset protocol to financial markets that exist out there in the world. This is done with the utilization of smart contracts.
Bankex has got the ability to digitalize a variety of assets. It includes some of the most common types of assets such as real estate as well. Bankex will be used to validate the asset and transfer that into a token. Then it will place that specific asset in the market for trading purposes. This can be beneficial for all the asset owners because they are just one step away from liquidation. In other words, the asset owners will be able to liquidize their assets within the shortest possible time. It can also provide a clear view of the cash flow to all investors out there in the world as well.
Any interested person can go ahead with experiencing the benefits linked with Bankex. That’s because the blockchain technology is currently supported by top tech companies and 10 different banks. The tech companies that provide support to Bankex include the Microsoft Corporation as well. This helped Bankex to position itself as one of the best FinTech startups in the world as well.
As mentioned earlier, the primary objective of Bankex is to assist people with their asset tokenization needs. If you don’t know, tokenization can simply be defined as the process, which is followed in order to provide enhanced protection to sensitive data. This protection is imposed by replacing the data by a number generated via an algorithm. This nu9mber is called as a token. The functionality of a token is pretty much similar to the functionality offered by the domain name of a website. The domain name covers the IP address of the website. The same functionality is achieved through tokenization as well. In here, the assets will be covered by a token.
Before tokenizing an asset, it is properly validated. This validation process has the ability to make sure that the asset can directly be used for trading purposes without having any doubts in mind. Through the tokenization process, assets are also being provided with the right to get into a Blockchain. As a result, they become available globally.
The Bankex tokens are in a position to deliver security and utility to the assets. In the meantime, it is serving the asset owners with a gateway platform, where they can go ahead and engage with asset trading in a convenient manner.
Tokenization of assets is in a position to assist people overcome a variety of issues that they face. When multiple asset owners are engaged with trading activities, a variety of communication issues can arise. Tokenization is in a position to provide an excellent solution to these issues. In addition, the barriers related to distrust can also be eliminated via Bankex and asset tokenization.
The high dispersion of assets was one of the biggest issues that the asset owners had to face. With Bankex, there is a possibility to overcome these issues as well. As a result, there is a possibility to get into a blurred understanding on how the actual cash flow is generated via a single specific asset. The asset trading projects are long and extensive. It takes a considerable amount of time for those projects to get completed. The liquidity issues have contributed a lot towards the above mentioned fact. However, Bankex is in a position to get assets up to a level, where they are just one step away from liquidity. As a result, the time taken for asset trading can be reduced significantly.
The obstacles that existed in order to get into the financial markets and attract enough investments have also been eliminated successfully via Bankex asset tokenization methods. On the other hand, the complex process that asset owners had to go through in order to keep track of asset lifecycle has been mitigated as well. Therefore, Bankex provides an excellent opportunity for all asset owners to take the most out of assets that they own.
