FENIKS.FINANCE Financial BlockChain Sistem
Feniks.Finance is a new financial blockchain-based system, created on a fundamentally new concept, that is able to increase its speed as needed and add new functionality. Feniks.Finance can be used as an international banking system for information transfer and payment implementation.
The technical team has experience working on projects related to Viosoft, Intel and Telecommunication Companies, implementing high frequency systems with low packet loss over the network. It involves developing, stress testing and deploying high-performance networks, where higher levels are achieved.
The first version of Feniks.Finance will be able to handle payment and storage of user funds. Namely, banking transactions are labeled in the SWIFT system with MT103 as payment sent and MT202 as receipt and crediting payments to the account. The next step in system development will be 700 SWIFT operating groups, namely documentary transactions known as collateral and letter of credit. The introduction of group 500, ie operations with securities, indicates that an exchange will appear on our network.
One of the many important technical aspects behind the Feniks.Finance platform solution is to run on cloud-based blockchain based systems that comprise multiple computing, storage, and server networks.
To serve the current user demand, the platform can be upgraded to 50,000 transactions per second (TPS).
Feniks.Finance blockchain-based platforms are designed to run at higher performance levels (100,000, 200,000 + TPS), which can be achieved with additional hardware and data center resources.
With regards to the banking component, we take all the semantics, functions and most of the interface
elements of the SWIFT banking system. The initial version is planned to support the following:
• group code MT100 (money transfer);
• MT200 group (receipt or rejection of money order);
• MT900 Group (free format message without major obligations).
In the second phase we plan to connect the MT700 group (letter of credit and bank guarantee). In future, planned to transfer all banking practices described in ICC500.
Feniks.Finance blockchain based platform enters the digital currencies world to address its current problems and offer solutions based on latest technology. The analysis of current market situation and the products offered, led to the conclusion that there is a clear need of high performance blockchain platform that can host many services. One of such service that Feniks.Finance incorporates is the banking system tools.
Feniks.Finance platform main characteristics, that make this system a revolutionary product, can be
summarized in the list below:
• Feniks.Finance runs on a cloud-enabled blockchain based system consisting of multiple
compute, storage, and networking servers;
• Feniks.Finance is scalable up to 50,000 / sec. Higher rate of performance is achievable with
more hardware and datacenter resources;
• Feniks.Finance leverages blockchain technology for security and transparency in operation;
• Feniks.Finance incorporates and provides all the semantics, functionality and most interface
elements from the SWIFT banking system.
With the above configuration, Feniks.Finance has the ability to provide payment system services
such as VISA or MasterCard.
by using our network, every transaction will be charged a very lace payment is 1 coin of feniks
by having network speeds exceeding 50,000 transactions per second, which is enough to replace the VISA payment system. This can be used as an alternative to SWIFT systems.
The access level information about their assets is determined by the account owner, by providing public information or no one knows a temporary key or may be revoked to access information about his account.
Like many other distributed blockchain networks, Phenics.Finance is a universal solution. In addition to serving financial flows, we see Feniks.Finance as a platform for knowledge base, legal solutions, network games and any other areas of activity that require collective participation.
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Team experience includes the following companies:
PARTNER
