The logic of the BANKEX liquidity protocol is based on the concept of the Ethereum smart contract, and accordingly uses all of its infrastructure advantages. At the same time, technically, the BANKEX protocol is a series of smart contract updates, however these smart contract updates are not micro-services themselves, the micro-services are in relation between API calls.
The BANKEX Proof-of-Asset Protocol includes Smart Asset Exchange, as support of liquidity of Smart Assets being traded within the protocol is a key task for BANKEX.
Every Product Owner is a member of the BANKEX Foundation. Products and Product Instances that come from Product Owners must be certified using the Smart Asset Certification Center.
In the BANKEX ecosystem solution of these problems is handled by the BANKEX Crypto-FIAT Depository.
In order to verify the transactions, BANKEX compares hash totals of the current Smart Asset code with certification data from the BANKEX Foundation.
November 26, 2017
December 26, 2017
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BANKEX is an organization that unites members of the financial markets in order to build a community and implement the Proof-of-Asset Protocol that enables the community members to profit from the mutual use of assets.