BANKEX (PoA) is a standard that enables a new generation of assets and contracts creating Decentralized capital markets...Token Sale is LIVE NOW



What is BANKEX Proof-of-Asset Protocol

It is a protocol that solves the issue of non-fungible asset liquidity. Every token released within this protocol is 1-to-1 ensured by an asset. The PoAP is in essence a combination of BaaS (Bank-as-a-Service) and blockchain technologies

Bank-as-a-Service  ( BaaS )  Busi- ness Model Bank-as-a-Service ( BaaS ) is a business model that makes it possible to build new financial products that are integrated with multiple existing technological so- lutions and jurisdictions. On one side of these platforms are originators in various jurisdictions with various technologies, and on the other are fintech-companies wishing to launch a new product or expand to a new market. Thanks to the platform, they are able to do this quickly and efficiently, without the need to work out integration with the legislation of every country and every new bank from scratch. Since the platform already con- tains technological and legal integration, it can pro- vide access to a new player more cheaply and more quickly.

How It Works

 Technologies

 BANKEX gathered a strong team of scientists, developers, product   managers who have won hackathons and developed innovative products on   blockchain Here are some of the products developed by BANKEX tech team   

  • Plasma Protocol Implementation
  • IoT blockchain Integration Adapter     
  • Solidity Floating Point Library
  • Crypto Hedge Trading
  • BestRate Chatbot
  • Multicurrency TokenSale Engine  
  • Microsoft Azure Smart Asset Adapter
  • BKX Utility Token
  • Proof-of-Asset Tokenization
  •  Classic Exchange Auctions of Deposits
  •    Mortgage Bond Contract PoC
  • Architecture of Tokenization
  • BANKEX Cryptex — Professional Cryptoсurrency Trading and Execution

 Product Owner: Vision 

It’s a Solution provider, Product provider and fi- nally Technology Provider. Mainly it is a company that owns the technology of Smart Asset creation based on the Blockchain Service Architecture and it creates new types of Smart Assets for the Originator. At the time of Summer 2017 the BANKEX Proof-of-Asset Protocol ecosystem has two function- ing Product Owners daughter company Findelivery  (founded in 2015) and BANKEX Lab (founded in 2016)

 Product Owner: Certification

Obviously, both Product and Product Instances cre- ated by the Product Owner based on the Proof-of- Asset Protocol must be certified. This is particularly important for financial Smart Assets. That’s why the ecosystem includes the Smart Asset Certification Center ( SACC ). The mission of the certification center is to en- sure the security of Smart Assets created.  

Today we can see an industry paradox, which is that the blockchain, created as a technological solution to en- sure, first and foremost, the security of transactions, is frequently attacked, and such attacks are occasion- ally successful. We understand that this is the issue of blockchain technology’s rapid development and new solutions must stand the test of time. To solve this issue BANKEX utilizes the con- cept of the Smart Asset Certification Center.  

Product Owner:  Basic Information 

In the last few segments we have determined the mis- sion of the Product Owner it’s a company that cre- ates various products, meaning types of Smart Assets based on the Proof-of-Asset Protocol.

Product  Owner:   Smart  Asset Catalog 

After examining the entity of the Product Owner, we now understand that the Proof-of-Asset Proto- col is able to realize a multitude of product solutions and Product Instances depending on application, lo- cation and legal conditions. The number of Product Instances is not limited, so to introduce the Product in a new country or account for a change in current legal conditions, the Product Owner needs only up- date the Smart Asset formulas and releases a new Product Instance.

 Technologies

 BANKEX gathered a strong team of scientists, developers, product  managers who have won hackathons and developed innovative products on  blockchain Here are some of the products developed by BANKEX tech team  

  •  Plasma Protocol Implementation
  • IoT blockchain Integration Adapter     
  • Solidity Floating Point Library
  • Crypto Hedge Trading
  • BestRate Chatbot
  • Multicurrency TokenSale Engine  
  • Microsoft Azure Smart Asset Adapter
  • BKX Utility Token
  • Proof-of-Asset Tokenization
  •  Classic Exchange Auctions of Deposits
  •  Mortgage Bond Contract PoC
  • Architecture of Tokenization
  • BANKEX Cryptex — Professional Cryptoсurrency Trading and Execution

   Why Plasma

Plasma concept is simultaneously a protocol for  building blockchains that can are supervised by some upper blockchain  (in our case - BANKEX Plasma PoC is supervised by the main Ethereum  network) and a possible solution to scalability problem. Here at BANKEX  we believe that efficiency can be improved by offloading some  transactions from Ethereum blockchain to Plasma chains, especially if  proper incentives are given to Plasma operators (such incentive can we  even in a form of completing with other operators for obtaining  end-users). Another advantage is the flexibility of Plasma chain  implementation as long as it can be effectively cross-checked by  contract on a parent chain. With new cryptographic primitives added in  Metropolis fork one can extend our PoC implementation with transactions  utilizing ring signatures of zkSNARKs for privacy of end user.      

Plasma Network Technical Concept

From the technical point of view, Plasma blockchain  is just another blockchain, which can be efficiently settled on the  parent Ethereum chain . It is well protected by the smart contracts on  Ethereum from the misbehaviors of both Plasma operators and Plasma  blockchain participants. Plasma chain itself has very simple structure that  allows ETH to be transferred between users in a form of Bitcoin-like  unspent transaction outputs (UTXOs). All transactions have inputs and  outputs. There are few types of transactions which depend on the  required functionality, and in our PoC we used a standard set: “Split”  to send parts of your UTXO to some parties (including self), "Merge" to  merge two inputs into one output to reduce number of UTXOs that client  needs to scan and cache, “Transfer” to transfer output in full, “Fund”  and “Withdraw” for depositing ETH from the main network and withdrawing.  Full description will be given when the design is more stable. All  chain logic is made using Ethereum crypto primitives - sha3, secp256k1  and 65 byte signatures allowing use of ecrecover, so “master” contract  on the main Ethereum network can enforce the rules when necessary. 

 Architecture of Tokenization

 IT Architecture Scheme

 Key players of our  IT architecture:  

  1. Product Owner — a company that creates various  fintech products. In the future it will become something more — both the  company and the community that create product technologies together.
  2. It’s a Solution Provider, Product Provider and  finally Technology Provider. Mainly it is a company that owns the  technology of Smart Asset creation based on the Blockchain Service  Architecture and it creates new types of Smart Assets for the  Originator.
  3. The Product Catalogue holds a central place in our IT architecture.
  4. Product Owners are the ones populating the Product Catalogue.

After examining the entity of the Product Owner, we  understand that the Proof-of-Asset Protocol is able to realize a  multitude of product solutions and Product Instances depending on  application, location and legal conditions. The number of Product  Instances is not limited, so to introduce the Product in a new country  or account for a change in current legal conditions, the Product Owner  needs only update the Smart Asset formulas and releases a new Product  Instance. With time a large number of Product Instances will  form for every Smart Asset Type and this number will form a product  catalogue that the protocol’s ecosystem will interact with. The BANKEX  team calls this the “Smart Asset Catalog”. This schematic has two “wings” detailing  interaction with an asset. The reason for this structure is to make it  easy to understand, that it doesn’t matter which side represents the  originator and supplier. Both are tokenized using a completely identical  schematic in terms of IT architecture, but whether the originator and  supplier is a bank or a non-bank it makes a big difference for the IT  architecture. 

Token Sale Information

The purpose of the Registration  is to give BANKEX supporters and followers a secure access to the  public sale and to ensure everyone gets a fair chance to participate.    

  • Token Sale is now open for contributors of 0.1 ETH or more
  • Tokens Soft cap: 20,000,000 BKX tokens
  • Retail cap:80,000,000 BKX tokens
  • Hard cap: 220,000,000 BKX tokens 
  • Contribution Public sale: from 0.1 ETH 
  • Geography Various, US regulations compliant

 Token Allocation

 Planned use of proceeds

 Website - https://bankex.com/ru/
Whitepaper - http://bit.ly/bankex-the-smart-whitepaper
Light Paper - https://bankex.com/en/docs/lightpaper
Twitter - https://twitter.com/BankExProtocol
Facebook - https://www.facebook.com/BankExchange/
Telegram - https://t.me/bankex
ANN - https://bitcointalk.org/index.php?topic=2013627.0 



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