BABB - Bank Account Based Blockchain

Down to date, the financial system in our technology is cannot be separated from the bank system. A bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. In other words, we can use the bank, for saving our money, make it secure, and gain profit from it.


But sadly, the current bank system in our technology is not supported for serving the interest of its retail costumer and microeconomy as whole because our  currently bank infrasturucture system is outdated. In other words, microeconomy is completely underserved by current banking system.

But with BABB ( Bank Account Based Blockchain ), retail costumer and microeconomy whole will be supported by BABB technology. BABB will use blockchain technology, biometrics and artificial intelligence to operates on its platform. To put it another way, BABB ( Bank Account Based Blockchain ) is the opposite of our current bank system which only support the macroeconomy. 




Everyday in our daily, if we have more fund or money, we will deposit our funds to the bank. If we deposit it, we can get profit from interest based on how many funds we saved. With BABB ( Bank Account Based Blockchain ), you can deposit your cash from the account.

With BABB, you can get a loans or lends with each other. The rates for lends and loans based on the agreement between the lenders, and the receiver. With BABB you can used it for payroll payment system too. For example, a company need to pay their employees, they can use BABB automatic payroll system to automaticaly send funds from company's BABB Bank Account to their employess BABB Bank Account.

BABB ( Bank Account Based Blockchain ) will use BAX (ERC20) token to operates on its platform. The BAX token will be available in BABB ICO ( Intitial Coins Offering ). BABB ICO will be commencing on February 2018 (LIVE NOW).

Conclusion

To summarize all things above, BABB ( Bank Account Based Blockchain ) is a new way for current bank system in our world, that support not only our macroeconomy, but it is also support the microeconomy of our society.









Author :yj300316

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