The means of sharing information in today’s world of digital technology has undergone insurmountable changes. The daily activities of human have been made to undergo some conversions in view of the idea probed up in delivering information. Traxion
The Aim/Vision of Traxion
- According to traxion, they have a total diverse ways to tackle the relay of information in this digital world. Traxion aims to put much attention on changing a complex network or interconnected system on a common agreement without bias. you can picture how a profit making company meets a non-profit making company where they are doing a common transaction.
- Most businesses can get funds or receive some payments either the customers have accounts at the bank or not. This is one great vision of TraxionPay. Most merchants on the crypto currency world are being frauded and in view of this, traxion has come out with know-your-client solution to help curb the incidence of fraud. The businesses and companies also benefit financially.
- Traxion aims to mitigate the rate at which people become financially incapacitated. A country with the highest history or statistics of corruption are poor and traxion sees too curb the incidence of corruption which will in the other way reduce poverty. The introduction of smart contracts has brought massive improvement in the way traxion deliver services being it fund or help.
- It is at time very sad when you come to realize that some communities are not trustworthy, unclearness and no provision of aid to government or non-governmental organizations that have some corrupted systems. Traxion in view of this aims to restore some level of trust and deliver aid to communities and the global world at large.
Challenges to solve
- The Speed with which to finish transactions pertaining to cross border. It is within an average of 3-5 days.
- The issue of fees that piles up in the process of making transactions
- The challenge of clearness on the transactions between the sender and the receiver.source(https://traxion.tech/landing2/documents/[MAIN]%20Traxion%20Whitepaper.pdf)
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Author: Kapee
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2003621
The project is very nice. Wish you the best of all
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