Selasa, 09 Januari 2018

BABB { Bank Account Based Blockchain } - Stimulate Local Microeconomics And Expand Reach

Hallo all the ladies and gentlemen !!

Back again with me Lelaapril2004 here I will discuss a very good project about the project " BABB { BANK LIMITATION BASED ON BLOCKCHAIN }" Let's get started ?




The modern bank is a high-tech financial institution capable of servicing every complex commercial and structural transaction.
Globalization is accompanied by deregulation. At the same time, institutional differences between various types of activities and finances are erased: commercial, investment, insurance, and so on.
Conversely, nature and form. Bankiban to compete commercially in the market, finance, and others. And in conditions of liberalization - not only with the population, but also with non-residents.


Liberalization, on the one hand, creates conditions for the development of a network of foreign banks and the establishment of an international banking business, which naturally increases competition, but, on the other hand, simultaneously enables the consolidation of bank capital. . This led to an increase in the number of mergers and acquisitions in the banking sector, the expansion and improvement of various forms of cooperation between banks and non-bank credit and finance institutions, and the growth of banking alliances of various types.


Information technology plays a special role in global change in the banking business
Recently, information and technology systems have been used primarily to automate the collection and processing of banking information, less frequently for planning and control in banks and seen as a tool to reduce manual labor and reduce bank costs. Today, information technology has been a driver of radical structural change in the banking business. They overcame space and time, opening the bank exit every time in distant geographical markets.
At the same time, the bank's traditional competitive advantage - long-term and multifaceted contacts with subscribers and branch networks developed - partially lost their significance. There is a new layer of customers who are willing to use internet banking services. The nature of bank communication with this client is very different from the traditional one. Modern multimedia tools provide interactive virtual banking communications with clients, which gradually replace personal communication with it.
Technology in on-line mode, providing market transparency, enables customers to choose the services that are most profitable for them without much effort and time, which reduces the chances for banks to maneuver prices.
But many people around the world do not have access to banking services, credit cards and debit cards and other issues (systemic risk, data

privacy, financial exclusion and slow competition). Sometimes it is needed.
All of these problems can complete a project called "BABB" - Blockchain Based Bank Account

BABB is a decentralized bank for microeconomics, providing individuals and businesses with British bank accounts, backed by blockchain technology. Accounts are managed through smartphone apps and provide access to decentralized payment cards. In addition, partnerships with the central bank enable the integration and publication of other digital currencies around the world, further stimulating the local microeconomics and expanding the range of BABB solutions and the underlying BAX benchmarks.


What is a BABB product ?

Platform: all users are connected through a global network, and you can easily access the part of the fundraiser, to trade or make payments.
Attachment. You can easily access your services through your smartphone by downloading your app. The design is mixed with social networking user interface and banking applications.
BlackCard: You can use a supported currency in any country using this card. This card is decentralized, so you can easily use it.

The BABB App

Open your BABB account
With the BABB app, you can open a UK bank account from anywhere in the world by fetching a selfie and saying a passphrase.
Once you enter the BABB ecosystem, you become your own bank. Anyone with a smartphone and internet connection can participate in BABB's global marketplace.


Send money
You can send money to other BABB users anywhere in the world at once and almost no cost.
Just select the amount you want to send and the person you want to send it, and confirm the transfer using your digital identity.


Exchange money
As a bank, you can exchange currency directly without an intermediary. It's cheaper, faster and easier than doing it any other way.
First, choose the amount of money you want to exchange and select the currency you need. BABB instantly finds everyone around where you can partner, and gets you in touch. If you want to go ahead, tap and make it happen.


How it works

Resellers can receive payments by BABB card only by downloading BABB applications and scanning QR code or via NFC. Payments are made directly to retailer bank accounts and funds can be used immediately.
  • The workplace
With a Black Card you can spend your BAX in stores and peer-to-peer. Payments can be made instantly, anywhere in the world or for online shopping.

  • Accessibility
Billions of individuals do not have access to card services. The costs associated with facilitating traditional card payment services are very expensive. However, the Black Card operates independently of legacy systems. Therefore, transactions are made cheaper, faster, and more efficient; giving everyone access to a payment card connected to their bank account.

  • Safety and comfort
No personal information is stored on the card itself. If you lose your card, you can easily remove it from your bank account, prevent others from using it - everything from your smartphone. If you find the card again, simply scan the QR code through your BABB app and reconnect it to your BABB bank account.
  • Availability
New cards will be available very cheaply in stores and from major online retailers with delivery the next day. Alternatively, take a backup from a friend, scan the QR code with your BABB app and you're good to go.


Digital Currency issued by Central Bank


  • Multi-jurisdiction
Central banks will take advantage of BABB technology to host and operate part of the federation network in the country. This segmentation considers local jurisdictions and allows for the complexity of existing fiscal and monetary policies. This sub-network is basically part of BABB's global platform.
  • Economic stability
With the CBDC, the central bank can replicate many useful and innovative crypto aspects such as Bitcoin and Ethereum, while removing many unstable elements. The value of the central bank's digital currency will not fluctuate as they will be pegged to their national currency, and control and incentivize their use as a medium of exchange, ensuring economic stability.

  • Friendly rules
The BABB structure proposes that the central bank can ensure that the platform is secure and in compliance with regulations. Better yet, the data collected by the central bank of our platform will provide the insights needed to manage and manage the system efficiently and effectively.

  • Unlimited payment
Not only does this collaboration between the central bank and BABB enable users to transact locally in the central bank's local system; It will also enable them to transact internationally with BABB's global platform.

  • Can be trusted
The BABB platform promotes trust. Therefore, in our network, the trust of other users is enough to open an account with core functionality. Our innovative 'Social KYC' process allows anyone who is fully KYC-ed, with validated documentation, to assure other users and direct them to the platform. In this way, we will extend our services to millions of people without requiring them to provide ID documentation.
  • Network effect
Our Social KYC Mechanism will drive the exponential growth of our user base. This is very useful for advertising in emerging markets, because one of the main obstacles they face is the lack of documentation. Because BABB values are proportional to the number of users on the network, there is a strong push for early adopters to encourage their peers to board.


Central bank
  • Remove obstacles to access
To open an English bank account, new members only need to download the app, fetch selfie and say a passphrase. By leveraging biometrics and digital identity technologies, we can remove barriers to access and create frictionless onboard processes. No need for documentation or face-to-face meetings with bank managers. The whole process will be at your fingertips.

  • Creating a community of backwardness
KYC Social is an important part of our strategy to create a completely stranded community and promote financial, economic and social integration. This includes those who can not provide relevant documentation such as low-income employees, refugees, and asylum seekers. People are stronger as they work together, and the social KYC will allow people to connect fully


roadmap

Imagine if you have the same power that the bank has. Imagine if you can trust everyone.
BABB utilizes digital blockchain and digital technology to build a seamless global network where everyone participates freely, using their social connectivity to transact, trade, innovate, spend digital money, lend money, or raise funds for business.

Together, we will empower the global microeconomy with new tools and opportunities, help accelerate global growth, create wealth, encourage entrepreneurship, unlock human innovation and lift millions of people out of poverty.



2016
  • January
Applied to two patents :
  1. Patent GB1601328.6: Opening a bank account using face recognition biometrics
  2. Patent GB1600905.2: Opening a bank account using voice recognition biometrics
  • April
Seed fund : $ 1 million
  • June
Accepted and moved to incubator Level 39 : One Canada Square, Canary Wharf, London
  • November
  1. Biometrics are tested
  2. Start MVP development
  3. UX of the designed app
  • December
Applied for patent :
  1. Patent GB1622281.2 : Prepaid bank smart card
2017
  • January
Financial Model + Investor Business Plan
Maybe
  1. Move to new office Level39 Incubator High Growth Space (42nd floor)
  2. Development of MVP
  • September
Application request pending for two more patents :
  1. Unique bank account-based blockgain technology
  2. Digital microeconomic currency issuance and exchange protocol
  • October
Black card concept design
2018
  • January
Pre-sale
  • February
Token Sale
  • November
Launch of Application


2017
  • January
Finalised Investor Business Plan
  • February
Signed two Proof of Concept development agreements with Contis Group for the first bank account based on blockchain
  • December
Regulatory business plan [FCA]
2018
  • February
Applied for banking license from the Bank of England [PRA]
  • November
Pilot Launch

 TOKEN SALE

Pre-sale starts
Jan 15, 2018

 Register for presale
BAX Token
  • BAX is an Utility token that powers the BABB platform. All services, fees and licensing costs on the BABB Platform are paid with BAX, and our Mobile app makes it easy to acquire BAX at any time without taking additional steps or affecting the user experience.
  • It can also be used for other purposes, such as onboarding and offboarding funds to 3rd party exchanges, fundraisings and cross-currency conversion with improved liquidity.


DetailedConditions

  • Price
ETH price will be fixed two days before the token sale.
  • Hard cap
Our hard cap is $ 20 million.

Token distribution
  • Public Sale *
60%
  • Team **
20%
  • Foundation
18%
  • Bounty Campaign
2%

* 20bln in 2018 and a further 10bln no earlier than 2019, contingent on set deliverables.
** Team vesting: Team members' tokens will be locked for 1 year and after that 25% will be unlocked every 6 months.

Use of Funds Raised
  • Development
30%
  • Operations
20%
  • Marketing
20%
  • Legal
10%
  • Reserve
10%
  • Working Capital
10%
Bounty campaign
Participate in our social media bounty campaign and get rewarded with BAX tokens. We've allocated 2% of all BAX tokens for participants in our bounty campaign, and the number of tokens you get on how many points you score.
TEAM
The BABB { Bank Account Based Blockchain } team is a diverse group of visionaries covering vast experience, knowledge and culture from around the world.
Our team includes successful blockers with proven track records, central bankers, investment bankers, data scientists, crypto investors, researchers and engineers.
We are united by the desire to change the world by creating a new era of total economic participation.







Counselor




for more information about project {BABB "BANK ACCOUNT BASED BLOCKCHAIN"} you can enter our website address below and thank you :
Article Writer: Lelaapril2004 https://bitcointalk.org/index.php?action=profile;u=1505192
0x0bF3d407cF25D98886d707d2355E7Cd00191c142
di

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)

AIRSAVE TRAVEL –Is a Decentralized Social Saving App To Earn Vacations (Crypto Rewards).

http://www.airsavetravel.com Airsave Travel is a decentralized application ( DApp ) that will be built in 2018. It is a one-click t...