RE: WHAT IS BIVEXCHAIN(BLOCKCHAIN INTERNET OF VALUE EXCHAIN) ?

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WHAT IS BIVEXCHAIN(BLOCKCHAIN INTERNET OF VALUE EXCHAIN) ?

in blockchain •  6 years ago 

Thanks for sharing this post of very hi tech blockchain related content. Can you further explain how can it be applied to regular usage and how can the possible usage of this bivexchain and it's functionality to let understand the newbies ?

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@ramji Ok good , that's a great questions. We all know that blockchain is layer, an underpenni on top of which we can build many different apps in many industries. I'm going to focus in finance area, with some example of what we, at Surebanqa are offering base on our next generation blockchain called BIVEXCHAIN (Blockchain Internet of Value Exchange:

  • Scenario 1 : Convert fiat currency to digital currency and vice versa in realtime. Chinua works in Lagos but has no appetitefordigitalcurrency.HisLondon-basedfriend,Charles,haslots of Bitcoin in his digital wallet.CharlessendsacoupleofBitcoinstoChinua'sdigitalwallet​—​awalletheopened just to receive the gift. As far as Chinua was concerned, the gifted Bitcoins were useless. Weeks later, Charles informs Chinua about SUREBANQA’s 3DEX app, a digital-asset wallet that converts digital currency such as Bitcoin into Chinua’s local fiat currency in realtime. For the first time, Chinua converts his Bitcoins to ‘real money’ to take care of his personal needs.

-Scenario 2 : Complete global remittances from anywhere in the worldtoanywhere you want. Kwame left his family in Accra tostartworkintheUK.Tohelphisfamilymeettheirneeds, Kwame needs to send moneyhomeeachmonth.Hehastofindtimefromhisbusyschedules at work to visit banking halls in order to access fund-transfer services such as MoneyGram and Western Union. This is one long process that gets Kwame all worked up! Apart from
this, he does not consider the convenience fees these services charge ‘convenient’ to him. Down in Accra, Kwame's family also complains to him about long queues and sometimes their inability to collect the funds over identity matters or some other security reasons. All these make Kwame badly long for an affordable, easy, and secure solution for sending money home.

Somebody introduced Kwame to SUREBANQA’s zero-fee, borderless-remittance services. Kwame downloads SUREBANQA App on his mobile phone and simply selects HyperZEN SuperNodes that serves his region, UK, as his BIVEXChain transfer node. When Kwame’s payment hits the Node, it automatically broadcasts it to all SUREBANQA’s Cash In, Cash Out (CICO) operators and Human Tellers (Agents) for payment. These outlets will bid and compete for who will complete the payments based on rates, payout, turnaround time. Transfer is done on the blockchain, reaching his family’s account in no time. Money is remitted to beneficiary’s account. Kwame now sends money home in real time, happy to know he is putting smiles on his family’s face without any stress.

-Scenario 3 : Store files safely on distributed storage. Aarav ownsafast-growingaccounting-servicesstartupwithlotsofclientfiles.Tokeepthese files safe, Aarav uses services like Dropbox and GDrive to store them. But Aarav often worries about confidentiality and security risks on these centralized storageservices.Hehas a problem with trusting them not to peep into his clients’ data. Governments can also force these services to disclose data if required. Plus paying hundreds of dollars for the giggs his business needs is not so cost-effective.

Aarav stumbles on SUREBANQA’s distributed storage which is built on the blockchain. Data is decentralized through storage on different computers on the network. It also comes with high encryption. This option reduces file-storage costs for Aarav’s business. It also gives his business the option of renting excess storage to other persons or businesses that need it. Aarav is happy, and so are his clients in India and other parts of the world.

buy in our private pre-ico here https://www.zepass.money where you can download the whitepaper