Personal finance is a hot topic, that and the way in which people can exist in a coherent and cohesive manner within the blockchain. Currently, many monolithic companies, nabks and financial sources available on to the current financial market are governed by the [people that run them, and are often unreachable for the current person. Poverty and ‘how much a person has’ massively dictates the current market, with that that have a lot being the controlling factor, and the rest of the sector, the ones that suffer. Often corruption and hacking fault these monolithic companies, and mean that the system itself is flawed and unfair.
TraXion aim to change all this, with their cohesive, transparent, simplified and trustworthy platform. TraXion is striving to regain the trust that these monolithic companies have lost from people, and improve the way in which the financial, market operates on a global scale. Their very basis is that of the TraXionPay provision, Something which will allow those that use it the ability to receive payments even when customers don’t have a bank account – something which is common in a massive percentage of the world currently. The platform offers a mobile payment facility through the use of QR codes, which allow for an effective, in real time, secure and transparent payment facility.
The entire ecosystem that TraXion is proposing os one that is clearly cohesively and excellent;y throughout. There has been a massive surge in the adoption of cryptocurrency and the blockchain, and it takes a special kind of company to fully utilise this potential. TraXion is one such company. Their very statement says
“ Imagine a world where for-profit business meets non-profit organizations into one whole crypto economy mutually benefitting borderless and frictionless financial transactions”
Looking at this statement, it is easy to see that the platform has been created for the needs of all, not just the needs of the few. It is an extreme pleasure to see such an all-encompassing, all-inclusive and well thought out protocol come to life within the cryptoverse.
TraXion has already cohesively brought on board to its platform a number of companies, such as SEACOOP, UnionBank and GlobalLinker, and had a hugely successful fundraising platform – GavaGives.com, which has already raised over a million USD in a matter of months. The platform not only offers financial support and fundraising potential and support but also healthcare and insurance possibilities through their company BayaniHealth, Parachure and Azurrance. Through their superior platform, TraXion is able to offer real-time financial benefits for all of these companies, and indeed any more than the company develops or partners within the future. It is easy to agree that this platform is one that is extremely trustworthy, and has completely utilised the massive benefits of the Blockchain.
As the company expands, TraXion has covered all the bases when it comes to the possibilities that may occur. They offer up solutions that will coherently allow all; to exist within their ecosystem through the use of wallet feature, something g that users can incorporate into their day to day lives through the use of their smartphone or tablet facility. The platform itself will also offer the ability to utilise and exchange fiat currency, so there isn’t even the need to be exclusively tied to the platform TraXion token.
The way in which TraXion stands out the most is through the way that it intends to replace the integrity that is often lacking in the way in which data sharing occurs through the financial market. The distributed ledger features, the smart contracts, the network consensus and of course the high level of security that the platform offers all merge together to create a wonderfully transparent and decentralized platform. TraXion operates within the Hyperledger Fabric Blockchain, a blockchain that is already endorsed and utilised by a huge conglomerate of large technically based companies, including IBM and Intel amongst others. All assets are able to be ‘defined digitally’ within this blockchain, through the inclusion of all users opinions and beliefs for its representation. This allows for a fair and financially fair representation, that occurs within real time, and of course through the smart contract facility, is incredibly secure. This HyperLedger Fabric blockchain does stand out from the others, however, as it allows a permissive approach to the blockchain operational movement, and the ultimate benefit is a higher profit, margin thanks to its permissive nature.
I for one am excited to see this inclusion of the Hyperledger Fabric blockchain, as, through my studies of the blockchain, I am aware that this is an extremely flexible and potent blockchain, allowing for conversation, inclusion and reference to all be included in the financial process of using it. This and the fact that TraXion aims to include Mastercard within their payment facility options lends to greater trust of this platform, and indeed, greater profit for all who invest in it.
TraXion have a simple view – they want to include all within the financial marketplace, and allow for the previously exempt from such happenings due to poverty or placement. The will also improve the speed with which transactions and conversation occur through the blockchain, and improve transfer speeds exponentially. The platform will also change the way fees occur, because as we know, through the use of blockchain technology, one simply removes the third party involvement, allowing for fewer costs to the consumer and greater profit to the seller. The whole platform itself also fulfils the need in today's marketplace for a transparent and coherent system, as we all know, many monolithic companies are rife with fraud and hacking potential, and of course, the decentralized and secure notion of the blockchain eliminates this.
Put simply, TraXion will have a Payment Platform, a Wallet Facility, a Personal Finance Platform and a Fundraising Platform. These four things link together cohesively to create the overall blockchain based platform that really will revolutionise the world. Through the platform's collaboration with BLOCKSCORE.COM for their Id verification – through KYC (Know your customer) and AML protocols for their wallet facility, the platform itself really has covered all of the bases. This platform offers the highest security, and its revolutionary anti-money laundering feature is extremely welcome, as is its counter-terrorism financing. This platform really is a revolutionary, unique, transparent and cohesive platform, offering all that is needed to create inclusivity and accountability for all within the financial marketplace on a global scale.
As a blockchain enthusiast, it is exciting to finally see such an all-inclusive, globally viable platform such as the TraXion platform. I will be excited to watch this platform grow and expand, and conquer the global financial blockchain market at a rapid pace.
Traxion Website: https://traxion.tech/
Traxion Whitepaper: https://traxion.tech/documents/Traxion%20Whitepaper.pdf
Article was written by frankiemalton
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