Polybius Bank — this is a new-dimension of the banking system, using state-of-the-art technologies, including blockchain and specialized artificial intelligence (AI). The idea of creating a modern universal bank for everyone was devised by HashCoins.
Functionality offered by the first cryptocurrency bank
One of the tasks that the creators of this project set for themselves, was to reduce bank maintenance expenses by using the latest cutting-edge technologies. Polybius financial services will be fully integrated with international systems, and thus provide all the necessary services in international settlements all over the world. The bank will be built based on the principles of API transparency, and will use innovations and services that have been proven effective in the payment and data processing industry. This is a real revolution in the banking industry.
Emercoin’s contribution to the development of the cryptocurrency bank
An international team of technical experts, bankers, and fintech entrepreneurs from five European countries has been working on this project for over a year.
The Emer team played an active role in creating the first cryptocurrency bank; for instance, the document flow of the first cryptocurrency bank will be built on the Emercoin blockchain. NVS technology lies at the core of the Emercoin blockchain. This technology makes it possible to record any data, up to 20 Kbytes in volume. These records have some essential properties, such as: singularity, the ability to be transferred and clearly identified.
The Emercoin blockchain will be storing all vital bank documents that may be of public interest and legal value. European countries do not prohibit the use of blockchain in a financial institution, provided that an auditor confirms its operational security.
Emercoin is an ecosystem of blockchain-powered solutions, which supplies various technologies for the development of programs and applications. Among these are the following:
- EmerSSL, a system for password-free web authentication;
- InfoCard, a technology based on the Emercoin blockchain, which makes it possible to automatically fill out user profiles. It is used together with EmerSSL;
- EmerTTS, a time-stamped storage system, based on the Emercoin blockchain. This service makes it possible to record the time when documents are uploaded to the blockchain;
- EmerDPO, a system of incontestable proof of ownership, etc.
Moreover, all Emercoin cryptocurrency holders can become investors in the Polybius Bank project.
Polybius Bank ICO
The bank’s crowd-funding campaign (ICO) was launched on May 31. The token-shares of Polybius, which at the same time are smart contracts, will be available for sale in the next five weeks.
A Polybius token, meaning a share in the Polybius blockchain, entitles its owner to participate in the company’s profits. All token holders have dividend entitlements commensurate with the shares they own, with 20％ of the company’s annual profits being distributed among all the tokens sold during the ICO.
This project has attracted the attention of thousands of people from every corner of the world. The minimum planned amount of funding had already been raised within less than 24 hours after the ICO launch. In just the first two days of the fundraiser, the sum of USD 6,000,000 was raised, which means that the Polybius payment institution can now be registered.
Register at polybius.io to become a member of the Polybius ICO. Tokens can be bought using Emercoin, euros, or US dollars. Join the ICO right now and get a 15% bonus.