Block Bank is a a digital decentralized commercial banking entity. The Block Bank concept is a digital funding platform designed to serve human needs rather than profits alone. The platform will operate automatically online opening up low cost commercial products to previously unreachable markets. With an International presence online, the digital delivery system will allow commercial entities to apply from anywhere in the world. Our vision is to expand and simplify the current financial system by using a new progressive technology to create a more inclusive system that allows people to access credits without huge taxes.
Transparency and immutability Changes to public blockchains are publicly viewable by all parties creating transparency, and all transactions are immutable, meaning they cannot be altered or deleted or recovered.
Low cost By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.
Faster transactions Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7
Pseudonymity All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.
Security and integrity Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data. Users can trust that transactions will be executed as the protocol commands removing the need for a trusted third party.
High quality data Blockchain data is complete, consistent, timely, accurate, and widely available.
Entrepreneur, Investor, ICO Analyst Rated on 12 Feb 2018
4
5
4
10%
- Product is demanded, project solves market existing problem;
- Product is not finished yet, however its business concept is clear and transparent
- Solid, international team that includes Anton Dzyatkovskii and Dmitry Machikhin. However, it needs more people with 15-30 years of banking experience;
- Strong ICO token economics;
- Project has serious competitors in the face of multiple blockchain-based banks
- Product is not ready for a public test ;
- SWIFT is among partnering companies
- Good short-term and long-term business strategy;
- Road Map doesn't have enough details
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