ICO TraXion Review: How the TraXion project and its partners work
TraXion team has set itself a goal and continues to develop a global ecosystem in which in a single crypto space interact and enjoy financial services and enrich each other all kinds of business, and non-profit, and the most successful.
To all this ensure TraXion offers classic banking services in for the crypto community from simple payment to investment and lending in cryptocurrency and by the time of the offer of coins on the ICO in August this year already built 4 important components of the six planned elements of the future ecosystem:
- platform for the production of payments;
- purse system;
- platform for personal finance management;
- fundraising platform.
Together they will be TraxChain and provide all the preferential factors of this project, as they will be connected to the common distribution system on blockchain.
Blockchain technology has a great potential to use its technology in technological and financial systems, in which the question of trust and safety of data is acute.
The TraXion project uses Hyperledger Fabric Blockchain technology, open source and approved by the world's leading companies. Its distinguishing feature is that the asset is determined by the digital method after it is presented and approved by all participants. It can be used after authentication by all participants to control certain levels of access. This allows you to apply a variety of algorithms that provide high performance of the system. There is trust in it, but not unconditional. Each party can maintain its account by general Agreement and check its status, but at the same time create its own blockchain to achieve common goals. This solution gives you more opportunities and flexibility in solving multi-level tasks within a single consortium. That is why it is implemented in the project.
For further development of the next 2 components of the platform, ICO is being conducted, which will give it even more opportunities to offer its users additional services, marked by a road map.
Partners and clients of the TraXion company
For possibility of realization of the set tasks the team starts to conclude the contract of cooperation and continues to maintain partner relations with leading companies of the world, such as:
⦁ Mastercard
Thanks to this company users will be able to make payments to Bitcoin, Ethereum, Monero, Zcash card MasterCard, which takes 196 countries worldwide. Having issued in the personal cabinet the usual binding of the purse to this card, at the user of platform there is an opportunity to receive all payments on a card with the help of program TraXion MasterCard which includes the application and shows all transactions and movings his cryptocurrency. Also, the owners of these cards are available to replenish the account from 25000 to 500 000 USD in the following fiat currencies: US dollars and CAD, pounds GBP and EUS.
⦁ IBM
This company helps the project in the development of blockchain technology. Based on the experience of working with other companies, IBM has offered to create its own individual chain, and has Hyperledger IBM, which will improve the interaction with the existing network and easily scale the services of the platform.
⦁ UnionBank – Globallinker
For maximum profitability of its project traxion will be created a database of e-commerce, supported by Globallinker from the smallest enterprises to medium-sized enterprises (micro) operating in the digital space of the Philippines.
⦁ Seacoop
This is the first client of the team, which was signed on March 23, 2018, to provide TraxionWallet to the consumer cooperative seamanpreneurs (Seacoop) to provide services for the accounting of membership fees, investment development, accounting of insurance premiums and making remittances to one million members of the cooperative.
«Using Hyperledger Fabric Blockchain, Seacoop members will have lower transaction costs and faster transaction times. They can also receive discounts on premiums when traxion tokens are used»,—said Ann Cuisia, chief executive officer of TraXion.tech.
The benefits of the project TraXion
In contrast to traditional banks, which have a large number of intermediaries, long terms of transfers and significant sums of commission payments TraXion has the following advantages and advantages:
- simplifies and facilitates the money exchange system around the world;
- time of calculations is reduced from several days to several seconds;
- smart contracts on Hyperledger Fabric guarantee the invariability of every payment at any time of its execution;
- absence of intermediaries makes transactions fast and cheap;
- system is scalable and global;
- have the opportunity to check how the funds are being held at different stages.
You can get more information about the project by the following links:
Website, White Paper, Github , Reddit, Medium,
Facebook, Twitter, Telegram, YouTube, LinkedIn,
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