Industry Overview Of BITBOSE

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Industry Overview Of BITBOSE
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<h3>How the Traditional Banking System works?</h3> The main functions which are performed by the banking system are:
<ul>
<li>They helps to manage assets by financing money for the investment purpose and corporate purpose as well through providing money to the trusts, partnership firms and companies. </li>
<li>Operate the function of borrowing and lending money to people.</li>
<li>They control the funding, liquidity and risk to maintain the treasures. They also reserve the investor’s non-physical portfolio.</li>
</ul>
In recent times where everything is engaging with the internet then how can the banking sector stay behind from it? So, the banking sectors are now increasing their service and offering their offer to the underdeveloped areas where the people are not very much concern about the banking operation. Thus, the people from those areas can save their money and get rid of from the feudal lords. Moreover, banks can perform as an investor in order to trade stocks at the exchange for their customers. On the other hand, banking system can get effected by the hackers by accessing into the bank’s central server where all the essential information’s are reserved. 

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<h3>What are the Pain Areas of the Banking Sector?</h3> In the bank, the employees have to perform various roles:
<ul>
<li>Bankers are the main person who operates the banking procedures by logistic functions and appointing employees on different functions. But, they sometime have to face some difficulties such as distrustful depositors, policy diktats from lawmakers and the threat of security breaches. </li>
<li>The authority runs the banking system and mainly focuses on the regulatory matters. They ensure the safe transaction between bank and public. Firstly, they make sure that the bureaucratic operations are running perfectly. Secondly, they manage the system so that no fraud bankers can do any book building activities which can unstable the whole system. </li>
</ul>
<h3>How does the bank operate on Blockchain?</h3> Time to time, the banking sector is spreading widely so does the disturbances are increasing. That’s why the all the banking system needs to be transparent, verifiable and accessible which can be called ‘Banks 2.0’. In this system, the lending rates will be fixed by free market principles for all the banks. And, all the currencies will be converted into one (like USD) which safe and has intrinsic value. Moreover, the banking operation can be quickly happen through the newly emerged <a href="https://en.wikipedia.org/wiki/Blockchain"><b>Blockchain</b></a>  and Distributed Ledger Technology (DLT). 

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This Block-chain Ledger is where anyone can see the transaction history and since it is a transparent ledger so none can know the identity of the viewer. Implementing <a href="https://en.wikipedia.org/wiki/Blockchain"><b>Blockchain</b></a> in the banking sector makes the action more smooth and protectable.
  

<table class="steelBlueCols">
<thead>
<tr>
<th>ICO NAME</th>
<th> BITBOSE </th>
</tr>
</thead>
<tbody>
<tr>
<td>Website</td>
<td> https://www.bitbose.com/</td>
</tr>
<tr>
<td>WhitePaper</td>
<td>https://s3.amazonaws.com/bitbose-documents/Update+bitbose+whitepaper-1.pdf</td>
</tr>
<tr>
<td>Twitter</td>
<td>https://twitter.com/Bitbosecoin</td>
</tr>
<tr>
<td>Telegram</td>
<td> https://t.me/bitbose</td>
</tr>
<tr>
<td>ANN Bitcointalk Thread</td>
<td>https://bitcointalk.org/index.php?topic=3952051.0</td>
</tr>
</tbody>
</table>


<table class="darkTable">
<thead>
<tr>
<th>Author Bitcointalk ID</th>
<th> cryptopowering</th>
</tr>
</thead>
<tbody>
<tr>
<td>BTT link </td>
<td> https://bitcointalk.org/index.php?action=profile;u=1771063 </td>
</tr>
<tr>
<td>ETH ID</td>
<td> 0x3c9D2f192a96b9269e59B97Dab18f58674079487</td>
</tr>
</tbody>
</table>
👍 ,