TraXion review #1

Welcome everyone on my blog! My name is Julia, and today we will start getting acquainted with the project TraXion. This project, in my opinion, is the embodiment of all advantages of blockchain technology in relation to the financial sphere. So I decided to consider it as detailed as possible in several articles.

What is TraXion

TraXion is a platform for providing financial services to legal entities and individuals. Its main feature is the work on the basis of blockchain technology, which allows to make transparency, security, decentralization and speed in all the usual operations with finances.

What services will be available on the platform:

different types of payments;
crypto and fiat purse;
ability to monitor personal finances;
platform for fundraising using crowdfunding;
peer lending.

The first 4 points have already been implemented.

TraXion managed to enlist the partnership of all the well-known international corporation Master Card. These are very serious guys, and contact bride with whom they would not become. I think this is an indisputable advantage in favor of the company's trust.

Integration will allow to carry out transfers and storage on any map of the world, thus the currency will be converted to local automatically. Payments can be made in Bitcoin, Ethereum, Monero, Zcash, using the Master card.

Another powerful partnership is IBM. With their help will be developed blockchain-ecosystem hyperledger (I'll discuss it more in the next article). IBM will scale the services of the Traxion platform without losing quality and speed.

Other major partnerships are UnionBank, Seacoop, you can read about them in the WP company.

Solution from the system

Using its platform based on Hyperledger Fabric, traxion plans to transfer financial services to a qualitatively different level than existing ones. What are the specific benefits they call? For developing countries, payments or transfers will be reduced from a week to a few seconds (for example). This can be achieved by abolishing the mediator, who, in addition to delaying the deadline, also receives a fairly large commission. Modern technological solutions allow you to replace a mediator with a smart contract without losing your security.

ICO

At the moment and until August 31, 2018 is conducted by ICO company TraXion.

The price of one token is 1 TXN = 0.00035 ETH.

To support the project and get your profit you can follow the link, if you are not a citizen of the USA, China, Cuba, Sudan, Iran and North Korea, of course.

Resume

TraXion can be safely called a new hope for consumers of financial services. In addition to commercial banking, Traxion will also be interesting for non-profit organizations, charity funds, will fight corruption and bureaucracy in the implementation of fees.

If you are interested in the project, you can get the details on the official links: