Kvantor is a financial platform that uses the blockchain technology to create a decentralized environment in which economic entities can make transactions. This platform is aimed especially at banks, raw material manufacturers and traders.
Imagine if you could deal with your business partners without having to worry so much about the bureaucracy that you normally would have to deal with. Kvantor provides just that: a chance for your company to make business more directly.
The platform offers features like mutual settlements without having a SWIFT number and too much outside control and an enhancement of banking systems based on the blockchain technology provided by the company.
If you decide to use the Kvantor platform, you will have access to the most modern financial assets and tools to help you and to a marketplace in which you can trade different types of commodities via digital channels and are able to trespass the bureaucracy of the system.
Simply put, Kvantor is a blockchain-based banking revolution set to usher in new levels of economic freedom to market play. The platform facilitates the decentralization of all financial relationships between counterparties, opening up a seamless channel for the exchange of values without third-party mediation. The elimination of third-party players in any transactional exchanges not only reduces the cost of transaction drastically, but also expedites the interaction.
Kvantor aims to bring about true economic freedom to the global market, enabling users to leverage cutting-edge technologies for all settlement, reduce transaction speed of exchange from days to mere minutes at competitive and attractive rates. Using Kvantor , currency and commodity service providers are now able to provide their clients with a state-of-the-art service delivery through a transparent, secure, and tamper-proof technology. No longer do users have to worry about entry barriers to banking services due to geographical location, politics, or financial status. All they now need is an internet-capable device to enjoying banking services on-the-go anytime, anywhere.
SERVICES OFFERED
HOW KVANTOR WORKS
The main goal of the company is to provide the users with a platform that can make them simply able to ignore all bureaucracy while still following the law. The payments are made via the blockchain and are fast and can be done from anywhere in the world.
Kvantor works both as a SaaS and as a “box” solution. The companies on the platform will be free to interact with each other and it can also work as a “box” in which it can be a simple solution for when you need the ability to connect to the platform by using the API.
Unlike many blockchain platforms , Kvantor offers privacy to the users about the transactions that they made, as only the involved parties are able to see the information of the trades that they have made in the past and all the other information is protected.
Interbank transfers are one of the main features of the company. The blockchain helps to prevent hacking or any other type of interference at the transactions. Also, all the money transfers use a protocol that works in a similar way with a SWIFT system but in a faster and easier way.
The platform can also be used for commodity exchange. All the transactions are made via smart contracts and the blockchain offers a good way to protect yourself from having to deal with a lot of paperwork and problems because the transactions happen all at once with smart contracts.
Independently of the type of fiat currency that you could be using, the platform will only usea single system, so there will be no problems with this either.
OPPORTUNITIES:
For companies:
• Direct settlements with contractors in national currencies (avoiding traditional channels and protocols of monetary circulation)
• Convenient marketplace with automatic execution of transactions, complementary services (logistics, insurance), electronic arbitrage
• Verification of the counterpart — the platform’s architecture allows to check counterpart’s status and reputation beforehand without any violation of information confidentiality, which is the high priority here
• Usage of financial instruments (financial guarantees, factoring, etc.) and complementary services (insurance, etc.) based on new technologies — automatically executed smart contracts — for transaction security
• Sufficient decrease of financial and time expenditures for execution of transactions
• Trading of assets/liabilities in decentralized mode
• Protection of confidential information from unauthorized regulators.
For banks
• Automatic clearing of mutual obligations
• Independence from centralized payment systems (provision of alternative channel, which may be used for either all or specialized transactions/clients)
• Engagement of new clients by means of provision of innovative banking services demanded by small, medium and large businesses
• Protection of confidential information from unauthorized regulators.
For government
• Protection from control of economical operations exercised by IMF, NSA and other unfriendly institutions/regulators
• Execution of all operations on the basis of consensus of the stakeholders
• Increase in national monetary aggregates and decrease of actual operations in foreign currency, increase in the country’s financial stability
• In prospect, creation of a governmental settlement platform and uniting on its basis of interested entities and political blocs.
Milestones
Q2 2018
The selection of higher- and middle management has been completed, the backbone of the development- and sales teams has been formed.
Q3 2018
Team formation completed.
The key technology partners are identified.
The technological and methodological basis of the developing platform have been finalized.
Q4 2018
The key regional partners for the platform’s promotion have been identified.
The Beta-version of «Interbank transfers» functionality has been released.
Q1 2019
Commercial version of Interbank Settlement Service is released.
Agreements with strategic regional partners are sealed.
Support infrastructure is formed
Q2 2019
First contracts for the provision of Interbank Settlement Service are signed
Q3 2019
Beta of Bank Services Package is released
Q4, 2019
Regional key clients are defined.
Beta of Services of Exchange Trade is released.
Commercial version of Bank Services Package is released.
Q1 2020
Commercial version of Bank Services Package is released.
First contracts for the provision of Bank Services (from the Bank Services Package) are signed.
Consortium of Clients with the aim of getting customer feedback and facilitating strategic planning for the development of the platform is formed.
Q2 2020
Beta of Services of Exchange Trade is released
Q3 2020
Commercial version of Services of Exchange Trade is released.
First contracts for the provision of Services of Exchange Trade are signed.
TEAM
CONCLUSION
Kvantor looks like a very interesting platform because it allows big companies that generally would have problems to manage all their transactions to use a platform that can be considerably more easy to deal with. As these are companies with much money like banks, they are the type of client that is going to make this company successful because of the volume of money that will be transacted at Kvantor.
Read More On
https://kvantor.com
https://kvantor.com/docs/whitepaper_en.pdf
