Bankex

by Bankex

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BHPCash

by BHP Financial Group Ltd.

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Bankex

by Bankex

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BHPCash

by BHP Financial Group Ltd.

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What problem does this service solve?

Bankex is a Proof-of-Asset protocol (PoA) that serves as a decentralized Banking-as-a-Service platform. Bankex wants to open up new sources of capital from real assets, with decentralized financing that can be audited publicly.BHP aims to provide cryptocurrency banking services that will be backed by the mining revenues generated by network participants.

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Company Description

Bankex is blockchain protocol and exchange that aims to solve some of the issues related to lack of trust in traditional financial systems. Bankex had one of the largest ICOs in history, where it raised $70.6 million. Bankex facilitates the digitization, tokenization and exchange of physical assets. The company also wants to encourage banks to integrate blockchain. They provide financial institutions with an API that can be used to develop bank-as-a-service (“BaaS”) applications. Bankex's platform would enable decentralized financing that is publicly auditable. This would introduce new sources of capital from real assets, and increase their liquidity. The platform is powered by the Bankex token (BKX).

BHPCash is the native currency of the Bank of Hash Power (BHP). The BHP platform is designed to be a decentralized cryptocurrency bank that will be based on the hashing power of the mining resources within its' network. The mining resources will be devoted to mining a variety of popular cryptocurrencies and revenues will be redistributed to the network's users. BHP has a hybrid consensus system, that will combine elements of PoS with their own Proof-of-Power (PoP) consensus mechanism.

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