TraXion: Hyperledger Fabric Blockchain & HyperTraxion wallet
Welcome everyone on my blog! My name is Julia, and today we will look at the technological solutions of the Traxion project. You can read a brief introduction to it here.
Hyperledger Fabric Blockchain
The TraXion platform is based on the blockchain open source Hyperledger Fabric. One of its features is the fact that it works on the principle of the allowed network. That is, to access the exchange of digital assets all participants need to confirm howl authenticity. The system can be configured with different levels of access to information, for example, you can provide an opportunity to familiarize yourself with an account without the right to exchange and transfer resources. As a result, there are broad prospects for the development of different consensus algorithms, with much greater productivity than proof-of-work or proof-of-stake. This is a huge competitive advantage of the project under consideration.
Hyperledger Fabric Blockchain has been audited and gained a high degree of confidence from such mastodons digital industries as IBM, Cisco, SAP, Intel, and Oracle. I consider this fact a huge plus in the «summary» of the TraXion ecosystem. Do you agree with me?
HyperTraxion Wallet
After migrating existing TraxionPay technology to blockchain Hyperledger Fabric, a product called Hypertraxion purse will appear. With it, users will be able to make donations, money transfers and payments, as well as to observe their statistics with the help of smart analytics. Most of the functionality has already been implemented in several traxion applications.
Smart contracts will solve the problem of transparency, trust, reporting, and tracking of accumulated funds.
Using the public API, unregistered users will be able to receive transfers, payments and donations via cash or cryptocurrency.
After completion of the ICO in the purse will be added the ability to exchange the TRX token to other cryptocurrency.
One more option in the purse is peer lending. A machine learning system will be employed to assess the risks and reliability of the borrower.
It is worth mentioning the possibility of insurance of their investments in the HyperTraxion purse.
Resume
I was very impressed by the information about the approval of the code developed by the blockchain whales of the digital industry: IBM, Cisco, SAP, Intel and Oracle. At least, in terms of technological solutions in this project are all at the highest level.
Also I consider as important fact presence of already working services: platform for collection of donations GavaGives.com, payment system TraxionPay.com.
The company is determined to conquer the market of developing countries in the first place, I believe that these technologies can become a breakthrough in the field of digital banking. Well, we wish good luck to the company traxion in achieving their high goals.
You can learn more from the official sources of the project: