Traxion is a project that addresses issues related to financial services using IBM's blockchain technology. Traxion will act as a bank, designed specifically for businesses with scalable, immutable and permissioned capabilities. In particular, it is suitable for those who do not have bank accounts or do not have access to financial services. Currently, the size of Traxion is the customer base throughout Southeast Asia and will later expand globally.
Vision of Traxion
- Make sure to send and receive payment seamlessly: Traxion to simplify payment procedures as much as possible. Even if the customer does not have a bank account, businesses can still receive payment. Every person on the platform is provided a separate wallet, using a QR code, users can easily access the personal wallet and can trade effectively and quickly. Transactions are guaranteed to be direct, on parity so intermediate banks are not required.
- Reduce poverty: The introduction of digitization 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 rate of corruption and provide people with access to financial services. In addition, a portion of the project's profits will be used in charitable activities. All this does not mean that Traxion will end poverty, it simply brings the best for society.
- Transparency of Aid: The existing platform in the TraXion system will be strengthened to adopt smart contracts in the assessment of charities. By scoring and analyzing, charities work well are interested by donors. This will build trust among donors and ensure that money is used for justifiable charitable purposes.
Features
- TraXionWallet: TraXionWallet combines existing financial and insurance applications into an ecosystem. TraXion will provide a white label labeled for organizations want to move their assets at zero cost through their local currency tokens. This wallet will also have a management console where the user can control the reward system or view the analysis.
- TraXionChain: TraxionChain is the solution for businesses to manage their supply chain. TraXionChain will create blockchain solutions for businesses that require interoperability, data integrity, and asset tracking in the supply chain.
- TraXionConnect: TraXionConnect will apply smart constract about work processes for good governance, dramatically increase the integrity of information, improve management efficiency, and improve organizational efficiency.
- Lending peer-to-peer: Integrated deep learning machines minimize risk by providing credit scores based on historical transactions, solvency and platform transactions, and other behavioral parameters.
- Public API: Traxion will depend on its public API to scale up. Sellers are not necessarily 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 the HyperTraxion purse.
What does TraXion solve?
- Speed: Cross-border payments take a long time.
- Cost: International transactions are accompanied by transaction fees and exchange rate fees, plus 3% to 7% of the cost of each transaction.
- Intermediate: There are too many intermediaries, brokers and other bureaucratic intermediaries between clients. This increases the cost and reduces the efficiency of the global financial transaction system.
- Transparency: It's difficult for people to keep track of their payment status while money is in transit. This often leads to uncertainty about delivery time and final amount.
Compare Traxion with BTC and ETH
WHO’S BEHIND THE PROJECT?
CEO Ann Cuisia has about 18 years of experience in the information technology industry and she is also the founder of many startups such as Parachure, a web site for financial advisors; Nevus, a web security solution website and finally the Gavagives. They also have good mentors like Nathan Christian. Nathan is one of the top success mentors at ICO Bench and one of the big names in blockchain. Also referred to as Yobie Benjamin. Yobie is the founder of TokenOS, an open source operating system that features smart codes. Yobie is also a blockchain expert and has a lot of experience in the industry especially at Fintech. All those who have a team behind Traxion are experienced professionals with many years of experience in banking and information technology.
Core team
Advisors
Partner
TRAXION TOKEN
The Token Token has a total of 500 million Token, of which 250 million of the 500 Token will be sold during the sale of Token. A Traxion token has an initial value of 0.0005 ETH. ICO has set a target of a staggering $ 60 million. The unbilled fork in the sale will be used for future sales. The details of the token allocation plan are as follows:
Token distribution
Fund allocation
CONCLUSION
Many blockchain-based financial systems have emerged over the past few years. Incorporating businesses into blockchain is a hot new thing that needs to be done today to make transactions fast, transparent and secure. But how can you know that you are connected to the right platform? This project is a well thought-out project with suitable team to develop the project. This is not just a temporary project that will disappear after a few people have made money from it. This is a project that will last for a long time and based on their roadmap, Traxion will soon dominate blockchain and be ready to offer cheap, fast and secured deals using Hyperledger Fabric technology.
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