TRAXION Token Review



INVEST NOW at https://traxion.tech/

OUR VISION
Seamless Payments
Traditional payment gateway providers are mired in complex systems, making them hard for small business owners to access. With TraXionPay, merchant onboarding has been simplified. This means any small business owner can join our system and receive digital payments, even from customers who don’t have bank accounts. Mobile payments are as simple as scanning a QR code, which accesses the customer’s and merchant’s TraXion Wallet to make a quick and efficient transaction. 

Online payments can often expose merchants to the risks of fraud and interrupted capital flow. But with TraXion’s integrated know-your-customer (KYC) requirements, businesses on our system can benefit from online transactions with much lessrisk. Our ultimate goal is to provide merchants with a white-label platform that integrates multiple payment options with blockchain technology and built-in KYC safeguarding. Furthermore, this platform will be made available for use by any merchant chain and its subsidiaries. 

Moving Towards Ending Poverty
Blockchain is truly shaping up to be the technology that could be the vehicle for social change. Decentralization produces tamper-free, transparent records of every transaction, making corruption impossible. TraXion’s goal is to ensure fairness and equality for the poor, enabling access to all the same financial services and benefits more wealthy people enjoy while protecting against the restrictive nature of corruption.

Transparency of Aid
TraXion envisions an international philanthropic system bolstered by truthfulness, accountability and transparency. Safeguards must be put in place to ensure aid money is not wasted, or worse, stolen by corrupt officials tasked to distribute it, as is often the case.

There is massive potential for cryptocurrencies and blockchain technology to be used for the common good. Automated “smart contracts” can ensure grant recipients only receive funds when specified conditions are met. Blockchain provides robust, transparent tracking and measurement of impact. Foundations could even issue their own digital currencies or operate charity-specific cryptocurrency exchanges.2 TraXion aims to bring back community trust to build a better world for the future generation, using the power of blockchain technology


PROBLEMS WE WANT TO SOLVE
Financial Inclusion
According to the 2018 report by the World Bank, 10.3 percent of the global population live on less than $1.90 a day. That’s 783 million people living in poverty. One of the key factors for reducing poverty is financial inclusion, which means that access to formal financial systems is crucial for people to rise out of poverty. Unfortunately, over 1.7 billion adults remain unbanked globally. In many of these developing regions, mobile money has instead taken the place of most financial services.3 Blockchain technology is supposedly changing this by disrupting the financial services sector. Blockchain technology overcomes many of current limitations banking suffers from. Unlike banks, no physical branch presence is needed for a blockchain transaction to work. Since blockchain technology operates on a distributed network, there’s no need to run complex, expensive private infrastructure. This reduces the costs that banks and telecom companies typically pass on to their customers through fees and other charges when using bank accounts or performing mobile transactions.4

Speed
According to proprietary McKinsey research and analysis (2015) on cross-border payments, the average time to complete a cross-border transaction is three to five business days, which includes the final mile transfer via a domestic payment network, such as Automated Clearing House.5 

Cost
When money is transferred internationally from sender to receiver, it passes through a number of channels, accumulating fees along the way. The sending bank, the central bank, the recipient’s country’s central and local banks: all these channels add to the service charges added to the wire transfer, and there are still foreign exchange rates to take into account as well. According to a Q1 2018 World Bank report, the

Bureaucracy
The existence of so many intermediaries, agents and brokers create too much bureaucracy. Current systems involve multiple data verification agents which complicate the process. With the work being so tedious and slow, more problems often arise with workers settling for shortcuts and bribery which affects data integrity and accuracy.

Transparency
The most common complaint when transactions are in transit is that the process is not traceable. Sender and receiver can only be faithful that the money will be delivered on time. When the transfer process is not transparent, it leaves people ignorant of potential hazards that may happen along the way, such as server failures, longer rollouts, and so on.

MARKET OVERVIEW
Beyond Southeast Asia

The Current Blockchain Market

THE TECHNOLOGY SOLUTION
Hyperledger Fabric Blockchain
Hyperledger Fabric, an open-source blockchain platform, has been endorsed by a consortium of large tech enterprises such as IBM, Cisco, SAP, Intel and Oracle. The Hyperledger Fabric project is designed to allow the exchange of assets or asset states, with all assets being consented upon, maintained and viewed by all parties in a permissioned group. A key characteristic of Hyperledger Fabric is that each asset is defined digitally, with all participants simply agreeing on its representation/characterization. The technology is based on a standard blockchain concept: a shared, replicated ledger. However, Hyperledger Fabric is based on a permissioned network, meaning all participants require authentication to participate and transact on the blockchain. These identities can also be used to govern levels of access control (e.g. one person might be able to read the ledger but not exchange or transfer assets). This dependence on identity is a great advantage in that varying consensus algorithms (e.g. byzantine or crash fault tolerant) can be 16 implemented in place of the more compute-intensive proof-of-work and proof-of-stake varieties. 

Securing a Partnership with MasterCard
An important initiative on the TraXion roadmap is to secure affiliations with banks who can connect to our partnership with MasterCard. The TraXion Mastercard is a prepaid credit card that offers payment solutions linked to the cardholder’s Bitcoin, Ethereum, Monero, Zcash or Coin wallets, as well as fiat currencies. This will enable P2P payments, as well as access to over 130,000 ATMs in 196 countries around the world. TraXion Token holders may opt to have their crypto wallets linked and receive payouts directly to their MasterCard wallets. The TraXion MasterCard will be connected to an app that links to your wallets and allows for digital transactions and fund transfers. Additionally, TraXion MasterCard holders may fund their card with USD, CAD, GBP and EUR, with individual limits of $25,000 and business card limits up to $500,000.

Securing a Partnership with IBM
As a significant contributor to the Hyperledger community, IBM has the knowledge and experience needed to help get our blockchain solution up and running. Companies of all sorts—including banks, tech firms, and retailers—have been building their own blockchain solutions in the belief they will dramatically improve supply chains and lower the cost of record keeping. This is where Hyperledger Fabric comes in. Our chosen solution will enable us to integrate and communicate with banks fluidly. Our partnership with IBM, being the leading technology provider to the banking industry, will greatly increase scalability of our services. 

Partnership with SEACOOP
Seamanpreneurs Consumer Cooperative (SEACOOP), a community of seafarers interested in entrepreneurship and investing, was founded by Seaman Entrepreneurs Advocacy Center Inc. TraXion will onboard up to a million SEACOOP members on the TraXion Wallet which will enable the cooperative to access digital membership payments, investments, life and other non-life insurance and remittances.

Platform Features
In developing countries, making international transactions in different currencies can be a costly, laborious and error-prone process, often requiring multiple intermediaries and taking days or weeks to complete. The TraXion payment system simplifies the way funds are exchanged around the world and reduces settlement time from days to mere seconds. Settlement instructions are provided via smart contracts on Hyperledger Fabric, making each paymentimmutable. Eliminating intermediaries and counterparties naturally allows all financial transactions to get through the network more quickly and cheaply. TraXion remittances are: 

● Borderless ● Cheaper ● Faster ● Agentless ● Global ● Scalable ● Auditable ● Smarter


Use Cases

ACHIEVEMENTS

Built a Fundraising Platform
GavaGives.com is an end-to-end fundraising platform under Gava Technologies Inc. that empowers nonprofit organizations by seamlessly managing their donors and donations. It offers more than 20 payment options, and a helpful management dashboard with full analytic feedback.



Launched a Payment Platform
TraXionPay.com: One of the newest payment services in the Philippines, enabling more payment options for non–credit card holders. The ease-of-use for both merchants and consumers is one the key elements of TraXionPay.com. It has an easy onboarding process for merchants and a more seamless payment experience for consumers. It allows merchants to effortlessly send and receive pay

Launched a Wallet – Whitelabel version
TraXionWallet is currently used as a white-labeled solution for Gavagives.com (see screencap below). This wallet enables non-profit organizations to transfer funds they’ve collected to their chosen bank account through a disbursement gateway. The same wallet enables users to see all listed donations, data analytics and other reports. We will soon add payment and remittance functions to the wallet



MORE TO COME
HyperTraXion Wallet
(1) Analytics: We want everybody who uses TraXion Wallet to be able to make sound financial decisions. For this purpose, we supply a number of useful tools wallet-holders can use to analyze their own data. (existing feature)
(2) Rewards System: Imagine receiving cryptocurrency as a reward for using HyperTraXion Wallet to make payments, remittances or donations. Loyalty point systems are already embedded in the app. Switching them over to blockchain will onlyimprove and speed up the whole process. (existing feature)
(3) Management Dashboard: Whether customers are organizations or merchants, TraXion provides a very useful payment/donation/remittance dashboard for management of data, users and transactions. (existing feature)
(4) Smart Contracts: Smart contracts ensure all submitted transactions are honored. This is especially useful in fundraising for NGOs or even local governments for example, who can utilize smart contracts to more transparently promise the fulfillment of conditions and/or deliverables they are responsible for. These smart contracts are attached to items or checklists, which are determined before the campaign or program is formed. A copy of these agreements is made publicly available forviewing.



Healthcare and Insurance Services
BayaniHealth is a human resource benefits service platform offering affordable, tier-based, flexible healthcare packages for small-to-medium enterprises, solo entrepreneurs, freelancers and even common people

Parachure is a digital financial advising platform comprised of industry experts. They provide goalbased financial diagnostics and best-practice approaches, enabling the community to enjoy security and financial fulfillment

Azurrance provides a SaaS-based insurance platform that covers automotive, fire, property and travel insurance solutions. It automates non-life insurance operations to reduce costs and achieve operational efficiency. It also provides IoT solutions for insurance companies

Public API
TraXion will allow merchants who are not associated with the TraXion platform to access our public API, which will enable them to participate in the TraXion ecosystem and receive payments, remittances or donations using the TraXion wallet. These companies can maintain their own apps and integrate with our system through the API. Their customers can also use the TraXion wallet to make payments for their goods or services, donate to charity organizations or send money to their loved ones using either cash or cryptocurrency. 

Crypto-Trading System
The same TraXion wallet will host crypto-trading to enable our customers to trade their TraXion tokens (TXN) with other cryptocurrencies. After the token sale, we plan to expand to various countries throughout Southeast Asia by replicating the partnerships made in the Philippines. Emerging countries with high populations of unbanked people would be prioritized, then the rest of theworld.

Peer-to-peer Lending
The TraXion Wallet enables bank-free loans too. Our system makes it easy to find someone to borrow money from when the need arises. Or, if someone has extra money to spare, they can find someone to lend it to and receive a small amount of interest when it’s repaid. Built-in deep machine learning is used to mitigate risk by providing credit scores based on transaction histories, ability to pay and transact on the platform, and other behavioral parameters. It can also augment this facility with known third-party credit scoring systems, depending on jurisdiction

Token DETAILS




So join now and invest at https://traxion.tech/



MORE INFORMATION  :
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My Bitcointalk account : jagadlangit

My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91


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