TraXion — Hive

TraXion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. It is an environment where for-profit meets non-profit sectors and develops a synergy towards corruption-free social impact activities.

TraXion wants to integrate new technologies into the existing financial system, by providing secure and easy ways to use the payments and all banking architecture. Thus, TraXion planned integration with the MasterCard service Provider and will create a wallet that will allow to store or transfer money to any card in the world. They also plan to execute mobile payments through QR codes for efficiently and quickly transaction.

Problems that TraXion want to solve:

Financial inclusion
Speed
Cost
Bureaucracy
Transparency

Partnership with IBM.

IBM as a significant contributor to the Hyperledger community has a deep knowledge, experience and scale to help get blockchain solution up.

TraXion uses Hyperledger Fabric Blockchain. This blockchain based on a permission network where all participants must be authenticated to participate and transact. In addition, this authentication will be used to control certain levels of access control. This is the great advantage of Hyperledger Fabric Blockchain. It should provide higher transaction throughput rates and performance.

Partnership with SEACOOP

Traxion has already concluded their contract with SEACOOP. Traxion should provide their wallet to 1 000 000 members. The wallet currently enables transfer of funds collected by non-profit organizations to their chosen bank and see all data analytics and reports.

SEACOOP is a community of seamanpreneurs and advocates who are driven by common goals and purposes. Founded by Seaman Entrepreneurs Advocacy Center Inc., a non-stock non-profit organization, it aims to educate Filipino Seafarers, OFWs and their families in financial literacy, develop their business acumen, and support their quest for entrepreneurship.

Ratings

Let's see why Traxion has only 4.3 on TrackICO. Why is it not 5.0 (maximum rating)?

As we see the reason in absence video explaining, blog link and few members taking part in this project.

Everybody knows that video explaining is not a major factor in determining good ICO project. The much more important project itself, its team and whitepaper. Whitepaper in its turn has 2/2 rating, a team has the highest rating except for the number of members which is 1⁄2. But Traxion has a growing team consisting of over 50 members worldwide, as for me that’s enough. Traxion also has 0/1 rating for blog link missing, but they have a blog on medium (https://medium.com/traxion-tech) where they write about their project, team members and make new announcements. Besides, you can watch video presentation: