Proof of Assets (PoA)- BANKEX
bankex·@cryptofunk·
0.000 HBDProof of Assets (PoA)- BANKEX
[BANKEX](https://bankex.com/en/) aims to solve the issue of non-fungible asset liquidity. What does that mean? It means you take your assets (primarily on the financial market), tokenise them, then turn that asset into money in the bank. This will be done by creating a pool of similar assets and thus creating a marketplace where banks benefit from liquidity, and investors benefit from predictable and transparent cash flow. This is what we call fungible or interchangeable. @bankex "is Bank-as-a-Service on blockchain, building the Proof-of-asset-Protocol. BANKEX stands for Bank exchange, to describe a platform where banks can exchange their products." https://bankex.com/static/img/schemes/bankex-ecosystem.en.png [Image Source](https://bankex.com/en/) What can the platform be used for? Real estate, you can tokenise housing developments (to-be-built apartments), which will give flexibility to buyers and banks in deal financing, and liquidity in commited funds. If a large chunk of your capital is tied up for a long period of time you may need access to it in an emergency before returning that capital back to the original project. You could even tokenise existing real estate to Pay As You Go, and rent conference rooms by the hour via the platform rather than using a middleman. Another example is a Retail network, tokenisation of future cash flows from new stores built, new stores financed by loyal audience of future customers. Tokens can be used to buy products in the network and token owners can vote for the next store location. Additional use cases are defined in the [BANKEX business plan](https://bankex.com/en/docs/business-plan) I know a lot of you will have the same question in the back of your mind and I will address the elephant in the room, **WHEN LAMBO ?** Well according to their [business plan](https://bankex.com/en/docs/business-plan) use case 7, you could rent out a car (Lambo hopefully) with the platform in exchange for tokens. https://cdn.pixabay.com/photo/2017/11/09/01/49/lamborghini-2932196_960_720.jpg [Image Source](https://pixabay.com/en/lamborghini-supercar-modern-car-2932196/) <br> <iframe width="640" height="360" src="https://www.youtube.com/embed/sGlGbFrCCUg" frameborder="0" gesture="media" allowfullscreen></iframe> <br> Token sale begins on 28th November 2017, they will be using an ERC20 token on the Ethereum network. <br> Download Whitepaper http://bit.ly/bankex-the-smart-whitepaper <br> More info https://bankex.com/en/ https://steemit.com/@bankex This is not investment advice, always Do Your Own Research (DYOR).
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