BLOCK BANK - The Future Of The Bank Industry

Maret 02, 2018

BLOCK BANK - The Future Of The Bank Industry

" Block Bank is the first platform for digital financing that is not only aimed at achieving profit, but at satisfying people’s needs as well. The platform will automatically work in online mode, promoting inexpensive commercial products to previously unattainable markets."

About

One of the oldest institutions existing around the world is banks. They have been part of Human development story. Providing the required services to people and business, it has come to realize its potential. Today, they are bigger and powerful than State governments. They control the entire economy of a country and decide its future in the globalized world. People are increasingly dependent on the banks for their financial needs. As the world enters into the digital platform, they are slowly moving towards developing innovative online products and services. Fintech companies started offering products on the internet what the traditional banking could not. They created the next financial revolution in the financial world.

Whereas, Banks are opaque in their working. They have become profit-making channels of the economy. They lack adequate infrastructure to support banking needs of everyone, especially in poor countries. They are afraid of the future trends because in future their existence seems unnecessary. There are multiple issues with the current banking system. A few of them are mentioned below.

The lack of transparency
Centralized nature of system
High operational cost
Slow growth in the developing and poor countries
Lack of Cyber Security Measures

There is a need for a digital platform which is based on latest technology. A platform which offers easy credit facilities and low-cost financial services. A platform offering banking services without being a bank. As Bill gates Said, "Banking is necessary, banks are not".

Solution

BlockBank offers the perfect solution. It is based on Blockchain technology and Smart contract. It offers transparency and security. It is the first crypto bank offering crypto lending and fiat lending facilities. It is the latest B2B banking platform. Smart Contract is used to secure the transaction between different parties. The added security in the transaction is provided by the Smart Contract. BlockBank will provide custom products and low-cost funding products to the corporates.

They will have their own crypto exchange facilities with online branch service. Clients can directly fund their chosen projects. It aims to earn its revenue from the variety of sources as mentioned below.

Financial Planning Services

Providing Commercial Lending Services

It will provide Commercial bank business assets, Physical assets and Securitized assets

Token Ownership Grants

BlockBank is a future-proof platform utilizing the next generation technology to solve one of the biggest problems in the business. The funding for any business is of paramount importance. There are multiple features available on the BlockBank ecosystem. A few of the Key features of the platforms are mentioned below.

Based on DDAMS(Digital Direct Application Management) Blockchain technology
Streamlined Workflow on the Platform
Automatic Notification for the Users
Real-time update for the Products and Services
Smooth Interface design of the Platform
Easy Reporting facility available on the BlockBank ecosystem
Partnership with biggest banks in the world
BlockBank Partner Program
Applied for all licenses and regulatory compliances.

BlockBank aims to be the leading choice for businesses who need credit support. Its revolutionary platform will minimize transaction cost and provide easy loan facility to anyone in the world.

ICO Information

They are launching a massive campaign to generate support and fund for their project. It has already been covered by many International digital magazines. Their Pre-sale ICO started on 6th November 2017 and continues until 15th December 2017. Their token is available under ticker BBRT (Block Bank Reserve token) which is equal to 0.2$. A total of 10,000,000 tokens are available in the presale. Their ICO structure has been categorized into three stages, first is pre-sale ICO which is currently active, second is Pre-ICO, and third is the main ICO. Each stage has different token value.

The acceptable currency for token generation is BTC, ETH etc. They accept collateral for tokens, such as legal charges and physical assets. They have a special media bounty program. They offer different stakes on different social media.

Crowd sale

Tokens are called BBRT tokens, and they are made especially for the use of this project. ETH is currency which is accepted in this project. There will be 804 000 000 BBRT tokens in circulation. There will be few rounds of sale. You can join here : http://theblock-bank.com/

Pre sale started 20.11.2017. and it is going to last for one month. In pre sale will be 3 000 000 BBRT tokens. There will be great bonuses for the one who are joining first. Initial price is rising, so you better join early. So hurry up, and join now!

Speaking of price, for 1 BBRT token you will have to pay 0.2 dollars. In main crowd sale the price for 1 BBRT token will be 0,6 dollars. Look at the picture below to see how tokens are distributed:

Crowd sale is one way to earn tokens, but there are so many more. You can earn yourself tokens by working on the marketing campaigns such as social media campaigns, various translations and signature campaigns.

Why Should You Invest?

Cryptocurrency and crypto lending is set to revolutionize the Global financial market. BlockBank, with its next-generation technology, will be the market leader in the coming years. BlockBank is offering a transparent and reliable system for crypto and fiat lending. We need more funding in critical sectors such as health, education and BlockBank will play a major role in this.

Roadmap