TraXion

Our Analysis

Team: 6

Feasibility: 6.5

Product: 6.5

Overall Rating: 6.33

Short Description: TraXion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application.

Category: Banking

Category: Tokens Cryptocurrency

Website: https://www.traxion.tech/

Whitepaper: http://traxion.tech/documents/Traxion%20Whitepaper.pdf

Github: Click to visit

BitcoinTalks: Click to visit

Twitter: Click to visit

Facebook: Click to visit

TraXion is building a crypto-economy to last, therefore, the focus will be on the scale, elimination of middlemen, and decentralizing legacy systems. It aims to fill the gap between the existing financial system and emerging non-user-friendly technologies by presenting a secure and simple way to use payments and banking architecture that aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Adopting Hyperledger Fabric technology, the participants in the entire network - people, businesses, and non-profit organizations - can create diverse and vast private networks for different modes of transactions and allocate involved participants with certain limitations to build secure sub networks. TraXion does not aim to replace traditional banks, but rather be a system that will transition the entire economy in a distributed network, which the banks can integrate to make a smooth shift from fiat to digital currencies and transactions. All financial activities, products, and services will be enabled in one digital wallet, enabling the community to do more with less while eliminating bureaucracy, long lines, and corruption.

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