With the latest technology of blockchain and its ever-changing value propositions, many financial experts predict traditional banking will reach its end in 10-15 years. Traxion aims to serve as a transitionary platform to a bankless society as cryptocurrencies are ushered into the modern era and is starting to onboard institutions and large marketplaces.
Cork, Ireland – Feb 25, 2018, Traxion announced this week that they will be launching an ICO to run a crypto-economy of various financial services that can decentralize bank operations in the future. The Traxion platform uses the latest IBM Hyperledger Fabric technology to create a permission-based distributed ledger. This new technology allows for easy, frictionless yet enterprise-grade solutions for industries that need to comply with data protection regulations.
The Traxion ecosystem consists of three interfaces which are the TraxionWallet, TraxionChain, and TraxionContract. TraxionWallet provides white labeled “bank-in-a-wallet” solution using blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. And it is also for business organizations in transitioning financial assets into a digitized currency at zero cost. TraxionChain creates a secure inter-business blockchain solution for enterprises requiring result-tracking, and TraxionContract applies the smart …
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