ZAMZAM Blockchain BANK - The Fair Blockchain Bank

jokereader (8)in #ico • 6 years ago (edited)

Introduction

It is a Turkey-based startup driven by author and CEO Iliya Biniaminov. Its central goal is to accelerate the procedure of the change from a conventional fiscal framework to a completely advanced economy and is centred around building a blockchain based save money with a computerized keeping money permit. It advances receptiveness being Blockchain based, proficiency and reasonableness by furnishing clients with a decision among concentrated and decentralized resources stockpiling.

Zamzam as of late propelled a demo form of Zam.wallet with its main advancement being the sending of cryptos by mobile phone number, regardless of whether a payee has not yet introduced the Zam crypto-wallet. Clients who partake in the open testing of cryptocurrency exchanges by telephone number will be remunerated with ZAM tokens.

Technology

The framework will work inside Stellar blockchain, and thusly all alone blockchain the premise of which will be a fork of the Stellar blockchain.

A chance to process up to 100 000 exchanges for each second, in blend with the thoroughly considered instruments of smart contracts, PostgreSQL and Redis innovations for the association of database frameworks, make the Zamzam foundation perfect for creation installment frameworks which incorporate between money exchange.
The open blockchain-code and libraries for work with API will be spread out on GitLab and other free stages.

Machine learning will encourage the investigation of a huge number of clients' exchange to change over monetary forms, make the interpretations and purchase merchandise at the most positive exchange cost.

The assignment of machine learning in the Zamzam venture is helping a man deal with his accounts, and also sparing expenses inside and outside the Zamzam framework by finding powerful arrangements.

Future Plans

Soon, Zamzam intends to get an Electronic Money Institution (EMI) permit in Luxembourg, that will enable Zamzam clients to store both advanced cash and fiat money on their smart cards. The usage and conveyance procedure of the new item will include two phases which are: the dispatch of the creation of Zamzam smart cards and tard execution of the Zamzam securing framework.

One exceptional element of a smart card is its freedom of outsider instalment frameworks, for example, Visa, MasterCard and SWIFT. Also, it is exceedingly anchored. It contains a PC that procedures information specifically without the utilization of a remote association and their microchips are exclusively scrambled to such an extent that the information put away is just available utilizing a safe key.

This makes it an advantageous wallet for the decentralized capacity of advanced monetary standards.

Team

Summary

Zamzam is a straightforward, reasonable and viable blockchain bank which incorporates a huge number of individuals and associations into the market of cryptocurrencies. It will give the chance to screen money streams and tax assessment to the states and will enable clients to spare a large number of dollars on exchanges, keeping all out authority over their assets.