安徽25选5走势图之幸运门: World Bit Bank(WBB)区块链项目白皮书.pdf
World Bit BankThe world’s first legal cryptocurrency bankWhite PaperFriends!We are living at a time when the world is fast changing and all processes in it are gathering pace.Since the Stone Age, man has worked long and hard to survive. With the development of consciousness, man understood that his true purpose was to be happy, and he began to devise ways to make his work easier. That’s how the first steam engines came to be, as well as railways, the first computers and gadgets without which modern society would be unimaginable. Useful inventions give man more freedom, enable him to find more means and time to realise his dreams and capabilities, to engage in his favourite hobby, to socialise with his friends. The capabilities of the human mind are far from being exhausted and many more discoveries await humanity.As the founder of the IT company Vitsolutions, LLC and a cryptocurrency enthusiast, my team and I have spent more than two years developing the project for the world’s first international cryptocurrency bank under the World Bit Bank (WBB) brand. The implementation of this project in the existing financial world will enable each person to become an active participant in the new financial world, the decentralised, mobile and secure blockchain technology, where one can make money right in their home, without leaving your friends and favourite hobbies for long, which makes very person happier and gives them more freedom.Join our project and remember - the future of humanity depends on new technologies, and today you are the creator of your future!Igor RomanenkoFounder of the World Bit Bank projectFounder of IT company Vitsolutions, LLCMOTIVATION? Motivation? Introduction? Problems and challenges facing the market ? Solution to the problems - implementation of the World Bit Bank ? What is World Bit Bank?? Wibcoin (WBB) cryptocurrency? Objective and description? Application: Ethereum and the ERC20 standard? Why us ? Our services as part of project implementation? Our customers ? Our competitors ? PRE-ICO, ICO ? Project development? Conclusion? Roadmap ? Our team ? Powered by? Contact informationCONTENTSINTRODUCTIONThe 21st century is a new world of the Internet. The Internet provides quick and uninterrupted connection in real time, which has changed our interaction with each other. In the future, most processes involving human activity will occur with the aid of digital technologies, including blockchain. This pertains to the financial sphere as well, since most of humanity is not satisfied with the current state of affairs in this sector due to the difficulty in accessing such services. Our project involves the development of new cryptocurrency-financial technologies and their integration into the existing financial and banking system. Furthermore, the implementation of this project will facilitate quick and cheap monetary transactions in real time in the World Bit Bank ecosystem developed by our team and which is based on blockchain technology.“We always overestimate the changethat will occur in the next two years andunderestimate the change that will occurin the next ten. Don’t letyourself be lulled into inaction”.Bill Gates, business magnate, philanthropistPROBLEMS AND CHALLENGES FACING THE MARKETSo, the basic question is: how can digital technologies, financial technologies and blockchain technology help conduct monetary transactions in real time and cost-free?Current mechanisms of conducting monetary transactions involve banks and systems such as Visa, SWIFT and others. PayPal was established in 1998 and it improved making money transfers over the Internet. This resulted in a banking structure for monetary transactions built on four components and sometimes eight components, namely: the bank that issues the debit card and provides the service; the bank that owns the ATM in which the card is serviced; the company that services the debit cards; stores. This structure is very cumbersome because each charges a fee for using its system. In our case this system is outdated and so blockchain, which is built on open source code, was created. Today it is impossible to develop a money transfer system without digital technology and cryptocurrency, as well as without digital identification, which is part of this process. This is particularly why cryptocurrencies will play a pivotal role in the new financial world.“Bitcoin is an exciting new technology”.Bill GatesSOLUTION TO THE PROBLEMS - IMPLEMENTATION OF THE World Bit Bank PROJECTWe have already established a company (World Bit Group Oü, registrikood 14417301 asukoht Parda th 4-411 Tallinn) to conduct the PRE-ICO for implementation of this project, legally in the EU.In February 2018 the company obtained a license to work with cryptocurrency - virtual exchange, virtual wallet services (https://mtr.mkm.ee/taotluse_tulemus/478888, https://mtr.mkm.ee/taotluse_tulemus/478892) in full compliance with Estonian anti-money laundering and financial terrorism laws.The project involves the development of technologies and the establishment of an international cryptocurrency bank under the World Bit Bank (WBB) brand, whose work is based on two key technologies:mobile, as a means of conducting real-time monetary transactions, and blockchain technology - the use of cryptocurrency (Wibcoin token) as the unit of account in the World Bit Bank ecosystem.Throughout its history of cryptocurrencies, there have been numerous attempts at turning them into a traditional means of payment available all over the world. There has not been much success in that area.Storage of cryptocurrency is a complex procedure for ordinary customers. Customers therefore prefer to keep cryptocurrency in the custody of third-parties. This method eliminates one of the key properties of cryptocurrency, that is controlling own assets. There is also the problem of the wallet using only one cryptocurrency. World Bit Bank customers will not have to be limited to a single cryptocurrency. They will have access to the whole range of assets.The WBB Wallet mobile application - a mechanism which merges tokens and a debit card - offers a solution to these problems.The project consists of the following: World Bit Bank debit cards and the WBB Wallet.World Bit Bank debit cards are traditional Visa/Mastercard debit cards. Payments are made in cryptocurrencies, including the ERC20 standard, i.e. one can pay in BTC, ETH and other cryptocurrencies over a cup of coffee.The WBB Wallet is a mobile application.The result is the opportunity to use cryptocurrencies in the real world.For example,John holds the World Bit Bank debit card and wants to buy potato chips for $3.John has registered and set up his WBB Wallet account. He has also activated the function which allows transactions in multiple assets, say WBB or BTC.Once John places the card over the scanner, the WBB Wallet system receives a query with transaction details from the Visa Network API.WBB Wallet queries the WBB or BTC exchange rate via its interface and also checks whether the wallet has sufficient funds.If the queries are successful, WBB Wallet approves the transaction and John receives an alert on the transaction on his phone.In the WBB Wallet application, John sees the exact number of WBB or BTC spent on the chips.World Bit Bank (WBB) enables bank customers to pay in any cryptocurrency worldwide as long as they have any digital money on their WBB Wallet.Many conditions have to be met before establishing any bank. One of the primary conditions is obtaining a license to handle banking and financial transactions. And, of course, in the era of information technology and the Internet, this includes the development and implementation of technologies which enable to solve tasks set by the project.The project of establishing a cryptocurrency bank involves the purchase of 10 existing banks in order to integrate into the banking and financial world new technologies and cryptocurrencies, in countries such as: USA, Canada, Germany, Switzerland, UK, Japan, India, Australia, Turkey and Brazil. The first bank will be purchased in the EU. The banks will have the necessary licenses as they are already operational.WHAT IS World Bit Bank?The project will kick off based on companies within the EU-registered World Bit Group. The head office will be located in Zug, Switzerland. The team implementing the project consists of banking, IT, marketing and financial experts, as well as lawyers who will establish the business to make a profit and create quality products for the business and its customers.DEVELOPMENT AND IMPLEMENTATION OF THE TECHNOLOGYThe World Bit Bank (WBB) project offers a new solution developed from blockchain technology and related to 5G finance, specifically:● absolute transboundariness;● cross-platform nature;● easy usage;● Instantaneousness of transactions;● funds always under control of the client. The client’s funds cannot be handled without the client’s approval;● low or zero transaction charges;● high security thanks to cryptography;● API with open source code;● full transparency of source and movement of funds between accounts;● authentication;The blockchain transboundariness will be employed in our World Bit Bank ecosystem as a registry for transactions between banks.In a banking system, transactions* between banks, one of them on the instructions and at the expense of the other bank, are always conducted through a central bank. These transactions are carried out using numerous central copies and in a single payment system. In order to minimise the risk for the contractor, each bank must maintain a reserve account for each payment system.Each of our banks is part of the World Bit Bank ecosystem, which will create a register of payments. No reserve account will be required for inter-bank transactions and transactions will not have to be conducted via a central bank and correspondent banks. Contractor funds will be transferred between banks directly.*Inter-bank transactions are transactions conducted between banks based on correspondent relationships, i.e., contractual relations between banks on making payments and transactions by one of them on the instructions and at the expense of the other.Технология blockchain решает многие проблемы связанные с цифровой идентификацией и аутентификации. Нами будет разработано техническое решение которое позволит безопасно управлять идентичностью на основе blockchain Реализации данных технологий на базе действующих банков будет происходить в так называемой экосистеме “World Bit Bank”, которая позволит решить поставленные проектом задачи.Know your client (KYC) procedureAccording to the legislation of EU member states, banks are required to check the identity of the client via the KYC procedure. The procedure is carried out at when beginning to work with the client and while working with the client. In some cases this procedure is long and poses several challenges and inconveniences for the client.Through blockchain, we will create a single database of client documents.Client data will be secured on the blockchain and accessible only to banks that are part of World Bit Bank. A World Bit Bank private blockchain will be created for this purpose.Digital documents provided by bank clients will only be accessed by World Bit Bank employees that have undergone pre-identification in the World Bit Bank ecosystem.For instance, a client registers several financial products at once. In that case, the client will have to provide a set of documents for each product to confirm their identity and more, in order to pass the KYC procedure. Blockchain technology will be used to create an “perpetual” file confirming the identify of the client. The client’s bank account, passport, utility account and medical history can be used as another proof - or blocks - for their chain.Money transfers.Money transfers are a very complicated business due to the latest anti-money laundering (AML) initiatives. Our blockchain-based World Bit Bank ecosystem can make things easier through the creation of a register of transactions that cannot be destroyed or altered, thereby providing evidence of where the money came from or where it was transferred.Payments by letter of creditA letter of credit* is intended to provide security to both parties. Payments by letter of credit take several days, but the use of blockchain technology and smart contracts (in the Ethereum blockchain) can speed up and automate this process. Payment by letter of credit rules may be included in smart contracts created by our bank. An account is opened for the buyer and seller with funds on the blockchain, which funds will be used for payments and smart contract deals. Smart contracts are created and used in the blockchain system by our bank, which codes the rules of payment by letter of credit.The buyer, seller and bank can interact with letters of credit based on smart contracts as follows:● request the terms of contract,● confirm commodity shipment,● confirm payment,● confirm transfer of the commodity by the seller to the shipment company, check confirmation, etc.Money transfer between bank accounts is carried out automatically when the smart contract receives confirmation from the bank and the shipment company.All transactions with smart contracts are signed by a public key and registered in the block chain of our World Bit Bank ecosystem.*A letter of credit is a payment guarantee to the commodity seller provided certain conditions are met (contingent obligation).We will develop and create a network of cryptocurrency terminals for payment and exchange of cryptocurrencies.Identification and storage of digital assets of the client.World Bit Bank will be able to store information, cryptocurrencies or digital assets of clients via the blockchain technology, which will control access, manage identification and serve as a secure event log.World Bit Bank network clients will be able to share information with cryptographic guarantee of its privacy.Our goal is provide a quality complement for traditional banking sector service with electronic platforms, integrate cryptocurrencies in bank operations and help ordinary people use cryptocurrency in everyday life.Wibcoin (WBB) CRYPTOCURRENCY Objective and descriptionThe World Bit Bank will introduce the Wibcoin (WBB) token based on the Ethereum blockchain, which is designed as a public cryptocurrency for everyday digital services, such as payments, currency exchange, value maintenance.Wibcoin (WBB) will be the unit of account of all transactions in the World Bit Bank ecosystem and will serve as the foundation for interaction with other digital services.Like other cryptocurrencies, Wibcoin (WBB) will be trading at cryptocurrency exchanges.APPLICATION: Ethereum and the ERC20 standardThe Wibcoin (WBB) token will be sold on the Ethereum public blockchain as an ERC20* standard.The Ethereum blockchain is the standard for issuing digital assets and smart contracts.