Block BankThe Block Bank (BBRT) ICO event is starting on until with a fund raising goal of .
Token Role: Financial
Token Type: ERC20
ICO Price: Currently $3
Total Tokens: 28 800 000 tokens
Fundraising Goal: 7.2 mln
Unsold Tokens: N/A
Team Size: 19
Originating Country: United Kingdom
Block Bank Project OverviewBlock Bank aims to be one of the first global crypto commerical banks who will provide B2B loans to its customers to improve security and effienceny its a modern bank for the modern world, they have already applied for a banking license in many juristrictions and are well on track to make their goals for 2018.
In a community updated posted In March 2018 Block Bank had announced they had applied for the Bahrain banking license.
Block Bank has partnerships with Rock Expansion, RBC, Stellar, Swift and SpireBank of Kenya.
The Benefits of Block Bank
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
High quality data
Blockchain data is complete, consistent, timely, accurate, and widely available.
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.
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.
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.
Block Bank Team
Adam Cuffe - Chief Executive Officer
Co-Founder and Project Director
Yusuf Sozi - Sales Officer
Co-Founder Business Development Africa
Stephen Widdison - Chief Operations Officer
Dmitry Machikhin - Legal Russian Markets
Mark Hemmings - Business Analyst
Senior Business Analyst at HSBC