Intellectual.Network (SPH)

BANKllect is a decentralized intellectual bank network that allowing anyone worldwide to participate as a lender or borrower. The object of lending as well as borrowing can be any tokenized item – token, fiat money, real estate, car, boat, motorcycle, bicycle, pen and even pencil.

Whitepaper

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What is Intellectual.Network

In 2017 crypto market showed a mighty growth that attracted millions of people around the world from different fields of science and business. The main cryptocurrency that established a basis of crypto market was Bitcoin. Underlying technology of Bitcoin is Blockchain that enables to store any transaction data into blocks, sequentially.

Currently, many startups around the world in the field of financial and banking services strive to raise money through ICO by copying traditional bank functionality. The main goal of that startups is to build one more traditional bank in traditional bank industry with inherited bureaucratic mechanisms coming from a number of licenses. Meantime, two of the most important and basic components of any successful bank are just ignored, reserve system and program of client insurance.

BANKllect is a decentralized intellectual bank network that allowing anyone worldwide to participate as a lender or borrower. The object of lending as well as borrowing can be any tokenized item – token, fiat money, real estate, car, boat, motorcycle, bicycle, pen and even pencil.

Besides unique services BANKllect designed for their users there are many recognizable services many bank clients are used to use on a daily basis. Among them:

BANKllect presents a full package of bank services of any type for as individual as business.

At the heart of BANKllect lies a revolutionary technology «Smart Transactions» inspired by Bitcoin's transaction architecture. «Smart Transactions», first, eliminates many problems of Bitcoin transactions, second, introduces a lot of new functionalities for smart analysis.

As for our strong team's certainty there are two main direction of bank services development in crypto market. The reason for this classification is effected by the fact that the majority of current bank-oriented crypto projects don't focused on methods of client collaboration which are different from traditional bank methods.

In contrast to innovative approaches which crypto market can give to their users 99% of projects simply copy the traditional bank's functionality. This kind of projects is incapable of transforming and improving the global bank system because of its initial commitment to traditional bank system through licenses.