BANKEX has become a member of the non-profit Enterprise Ethereum Alliance to promote the integration of blockchain technologies based on Ethereum into the banking infrastructure.

New York — November 29, 2017 — BANKEX, the decentralized Bank-as-a-Service (BaaS) enterprise announced its membership in the non-profit Enterprise Ethereum Alliance. That is great news for investors who are looking forward to participate in the public open sale of BKX tokens, started November 28th 2017.

Enterprise Ethereum Alliance (EEA) is a non-profit alliance dedicated to supporting and promoting technologies and standards based on Ethereum. EEA members include financial and technology companies and funds. JP Morgan, UBS, MasterCard payment system, Microsoft, Intel and consulting companies such as Accenture are all engaged in blockchain research and integration.

“We consider the approval of the BANKEX application for entry into the EEA a recognition by the largest international association of experts in the field of high-level block-technologies of the achievements of our analysts and developers. The protocol for asset tokenization — Proof-of-Asset Protocol, developed by BANKEX, can become the foundation for a broad range of businesses, thus contributing to the further integration of blocking technologies into the economy. This is in line with the mission of EEA.”said Igor Khmel, CEO of BANKEX.

BANKEX CEO Igor Khmel assembled a team of experts to build a platform, on which new financial products will be created and integrated with multiple existing technological solutions and institutions.

In addition to the platform, BANKEX makes contributions to the development of liquidity theory, blockchain service architecture products and private blockchain technology with support of the Plasma protocol. It’s worth mentioning that when BANKEX joined the EEA, these technologies have already been developed.

The BANKEX technical team developed the world’s first private blockchain that supports Plasma Protocol for public auditing. It allows users to transfer different assets directly between each other, making intermediaries obsolete. This technology can solve one of the most pressing problems in today’s crypto world — high gas consumption.

BANKEX intends to participate actively in work groups and committees of the EEA. Together with other experts, BANKEX commits itself to developing blockchain technologies for large and medium enterprises.

After raising $20 million USD in the private contribution period, BANKEX public token sale is ongoing. For more information, please visit http://www.bankex.com/ or read our article about the participation.