TRAXION | Financial services use blockchain technology

thegaye (30)in #steemit • 6 years ago

Well this time I found a very unique and trustworthy project that made me want to write an article about it that made me curious and eager to know it I have seen this project and read it on the website: https://traxion.tech/.
So I am interested to write and share this is about TRAXION.

What is TraXion?

Traxion is a project that addresses issues related to financial services using IBM blockchain technology. Traxion will act as a bank, designed specifically for businesses with scalable, lasting and permissible capabilities. In particular, it is perfect for those who do not have a bank account or do not have access to financial services. Currently, Traxion sizes are a customer base throughout Southeast Asia and will eventually grow globally.

Traxion's vision is:

Make sure to send and receive payments smoothly: Traxion to simplify payment procedures as much as possible. Even if the customer does not have a bank account, the business can still receive payments. Everyone on the platform provided a separate wallet, using QR code, users can easily access their personal wallets and can trade effectively and quickly. Transactions are guaranteed directly, on parity so that a medium bank is not required.
Reduce poverty: The introduction of a digitalization system will increase the number of networks and provide a series of records per second of all transactions without spoofing. In this way, Traxion will limit the level of corruption and give people access to financial services. In addition, part of the project's profits will be used in charitable activities. All this does not mean that Traxion will end poverty, it only brings the best for society.
Transparency Help: The platforms that exist in the TraXion system will be strengthened to adopt smart contracts in charitable judgments. By assessing and analyzing, charities work well attracted by donors. This will build trust among donors and ensure that money is used for a justifiable charitable cause.

Features:

TraXionWallet: TraXionWallet combines existing financial and insurance applications into the ecosystem. TraXion will provide labeled labeled labels for organizations that want to move their assets at zero through their local currency token. This wallet will also have a management console where users can control the reward system or view the analysis.
TraXionChain: TraxionChain is a solution for businesses to manage their supply chains. TraXionChain will create blockchain solutions for businesses that require interoperability, data integrity, and asset tracking in the supply chain.
TraXionConnect: TraXionConnect will implement intelligent construction of work processes for good governance, dramatically improve information integrity, improve management efficiency, and improve organizational efficiency.
Peer-to-peer channeling: Integrated integrated learning engine minimizes risk by providing credit scores based on historical transactions, solvency and platform transactions, and other behavioral parameters.
Public API: Traxion will depend on the public API to upgrade. Sellers should not be part of the platform still have access to public APIs and allow them to participate in the TraXion ecosystem to transfer money, receive payments, or donate using HyperTraxion wallets.

What did TraXion solve?

Speed: Cross-border payments take a long time.
Cost: International transactions accompanied by transaction fees and exchange rate fees, plus 3% to 7% of the cost of each transaction.
Intermediate: There are too many intermediaries, intermediaries and other bureaucratic intermediaries between clients. This increases costs and reduces the efficiency of the global financial transaction system.
Transparency: It's hard for people to track their payment status when money is on the go. This often causes uncertainty about the delivery time and the final amount.

Compare Traxion with BTC and ETH

TOKEN TRAXION

Token has a total of 500 million Tokens, of which 250 million of 500 Tokens will be sold during Token sales. Token Traxion has an initial value of 0.0005 ETH. ICO has set a surprising $ 60 million target. The fork that has not been billed in the sale will be used for future sales. The details of the token allocation plan are as follows:

Token Distribution