How TraXion Will Help the World Be Crypto-Ready
Here at TraXion, we believe we are the forefront of the massive blockchain-based movement that will change the way the world operates. TraXion will help author a new chapter in this movement by implementing solutions that will help the world be truly Crypto-Ready. Here’s how:
Technology
TraXion uses the latest IBM Hyperledger Fabric technology. It operates differently than a traditional blockchain system however and is based on a permissioned network. This means that that all participants are required to be authenticated in order to participate and transact on the blockchain. This means that organizations for instance can gain the ability to create and maintain their own private channel with other specified members, adding a layer of trust and information sharing that is largely missing in the present day business world. And as noted above, our platform can process up to 100,000 transactions per second, proving to be remarkable leap forward for many businesses and people across the world in addition to the many other features of using this technology.
Transparency
In international business and trade, we see that its fairly difficult for senders and receivers to track payments while the funds are in transit. The usage of TraXion’s platform will solve many of these issues by way of the IBM HyperLedger system. Final payment amounts and delivery dates will be able to be tracked and there will be a level of transparency added to business transactions that is not currently present.
Real-World Solutions
The need for intuitive yet effective solutions to get society at large on boarded to a Blockchain-based world is massive. TraXion fulfills this need in a few ways as well:
Wallet: The TraXion wallet is already in place and used currently as a white-labeled solution of Gavagives.com. The same wallet structure will be used to hold diffferent types of accounts within the TraXion ecosystem and have remittance functions along with analytic functionality as well as user reward system and have a management dashboard for merchants. It will have total functionality in also allowing for cryptocurrency trading as well as peer-to-peer lending as well.
KYC and AML: Traxion will be utilizing the best KYC/AML process on the market that is yet to be determined. This will allow for real time identity and business verification to occur and for businesses to verify information very quickly via API or TraXion’s own free dashboard. This will allow for easy verification for identifiers such as name, date of birth, and addresses for customers of businesses using the TraXion platform.
In all, TraXion will harness these features and many others as the platform grows and develops. They will help propel TraXion to be the complete solution to helping the world transition into being a crypto-ready society at large.
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