Mentioned in previous articles, Traxia has crafted the concept and role of the Issuing Provider within their infrastructure, which handles a majority of the technicalities and operations of the project.
The technology provider LiqEase will be “providing Issuing and Listing services to Buyers, Sellers, and Investors.” The company has already built a Web interface that enables it’s users to upload invoices.
Currently, the backend of LiqEase runs on blockchain applications for Ethereum, however, it will run on Cardano once the build-out is complete.
The core team at LiqEase hold a deep understanding in launching projects digitally for both large enterprises and independent endeavors. They have experience with “digital platforms, payments, fintech, FMCG, supply chain management, software engineering, and more.”
While Traxia is a non-profit organization abiding by Swiss laws, LiqEase is a for profit company currently building the applications that will allow them to connect with the Traxia ecosystem, “and is in fact the first successful proof of concept of the Traxia ecosystem.
The current workflow of LiqEase’s current application is detailed in the diagrams below:
So far the Buyer and Seller have signed off on the smart contract created and arranged by the LiqEase system. This creates a unique digital token based on various factors revolving the Buyer and Seller’s credit rating.
Once the token is created it’s released to the marketplace for investors. An investor is able to view the contract’s details and buy in parts or as a whole. After the agreed upon duration expires (as defined in the agreement) the Buyer buys back the token.
You can learn more about LiqEase by clicking here.
Disclaimer: As with all investments, you should do your own research. The information provided in this article is focused primarily on bringing the facts out of the white paper to supplement your due diligence. The quotations provided are from Traxia’s white paper.
Author Account
Links:
https://www.traxia.co/
Join the presale — https://www.traxia.co/token-sale-info
Bounty Info — https://bitcointalk.org/index.php?topic=3021679.0
Telegram — https://t.me/traxiafoundation
Whitepaper (PDF)-https://docs.wixstatic.com/ugd/baba69_30f719c55f344ab7ae44715a4d287811.pdf
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