If you are interested in joining the ZODIAC project, it is a good idea to read reviews that can help you in viewing their mission vision during the ZODIAC project .
Here's the review !!
The world is seizing crypto-currencies firmly. According to coinmarketcap.com, capitalization for crypto-currency as of April 11, 2017 amounted to 28,122,800,000 USD. As of April 11 this year, this figure is 270,671,000,000 USD. Despite the recent active growth of this indicator and its subsequent decline in early 2018, on the whole, over a long period of time, it is obvious that crypto-currency capitalization is growing.
The involvement of users may be estimated by the number of wallets. According to the statistics of the University of Cambridge in 2017, from 5.8 to 11.5 million wallets are considered to be “active”, and the total figure is 35 million, according to data of 2016. Compared to 2013, their number increased 4 times.
The growth is supported by the legislation of many countries, which are already starting to draw an analogy between fiat and crypto-currencies. For the previous 2017, the crypto-currency has been given legal status as a legitimate means of payment or as “private money” in more than ten countries: Japan, Singapore, Gibraltar, Cyprus, Estonia, Hong Kong, Czech Republic, Belarus, Poland, Germany, Georgia, Armenia, etc. This means that this sphere will do nothing, but develop in the future.
PRODUCTS OF THE SYSTEM
Stage 1. Current state of the system
Ecosystem of a classic bank is the first stage of implementation of our project. In this version, all operational accounting will be implemented in a typical centralized banking information system (BIS). At the moment, the personal account of any bank user enables logging and performing the following typical actions:
- creating accounts in fiat-currencies: USD and EUR
- creating wallets: BTC and ETH
- transfers in fiat-currency between users (P2P)
- transfer in crypto-currencies between users (P2P)
- crypto-fiat exchange p2p between users
- purchase and sale of crypto-currency for the user
- crediting and debiting fiat-currencies
- crediting and debiting crypto
At the moment, the personal account of the bank user has already implemented the opportunity to register and perform the following typical actions:
- Creation of accounts in USD and EUR
- Creating wallets: BTC and ETH
- Transfer in the currency between users (P2P)
- Transfer in crypto-currencies between users (P2P) • Crypto-fiat P2P exchange between users.
- Purchase and sale of crypto currency.
- Deposit and withdrarwal of fiat currency.
- Deposit and withdrarwal of crypto currency
Stage 2. Platform with API-connections
At the next stage of the project, ZODIAQ, following the provisions of the second payment directive of EU (PSD2), will unite representatives of the banking segment. Two key tools of the new platform: Payment Initiation Services Provider (PISP) and Account Information Service Providers (AISP), will be developed and introduced. Functions of API services are as follows:
- drawing, certification and transfer of orders for transfer of funds;
- data analysis and providing information on the client’s personal finances, recommendations for more effective management of savings, etc.;
- providing information to third parties (for example, in order to assess the borrower’s solvency).
Using services of its own banking service, which will be actively developed at this stage, ZODIAQ will be one of the world’s first to perform operational testing of PSD2 formalized provisions and introduce new protocols.
Stage 3. Payment blockchain platform
The world’s banking system and, in particular, ZODIAQ team are seeking this option. At this stage of implementation, the core of the bank becomes digital and goes online. The bank becomes decentralized. As a result, any payment agents begin to communicate with each other. Blockchain-platforms, banks and payment services could be examples of such agents. At this stage, everything around the decentralized blockchain-platform is transformed into API channel. The core of the bank acquires tools for integration with any kinds of payment agents. In addition, both individuals and legal entities could be the clients of the platform. In the course of this implementation, the payment block-platform could replace SWIFT completely. However, it is clear that SWIFT will remain the biggest player in the financial market for a long time, so we can use it for integration as well.
Payment blockchain platform
The blockchain-platform serves to deploy the platform at home, rather than develop an API-service from the very beginning. Services provided by our blockchain-platform:
- providing card balances;
- ensuring payments;
- ensuring security of payments.
This will be the first stable-working solution, which will allow banks accepting crypto-currencies in their regular turnover.
The use of ZODIAQ ecosystem as a multi-purpose cloud financial infrastructure with open API:
ZODIAQ strives to create a flexible platform based on an open API that allows taking advantage of blockchain technology, creating an ecosystem of interrelations between banks, sellers of the goods and services, consumers, fintech companies and regulators, becoming a key link in daily transactions.
Using our platform, users will be able to conduct transactions almost instantly, and configure their own end applications and services without creating an infrastructure, establishing integration with legislation, formalizing interaction with payment services in every new country and every new bank from the very beginning. Since the platform has already had technological and legal integration, it can connect a new player cheaper and faster.
ZODIAQ stipulates improving security requirements that introduce strong customer authentication (SCA) with online access to the account, transfer of an electronic transfer order, and ensures specific security requirements for the channels used to transmit data of the user.
ZODIAQ platform, through an open API interface, ensures data exchange with external information systems, and provides them with various ready-made services.
SYSTEM COMPONENTS
ZODIAC CARD
Similar to your habitual card. Easy and convenient- you can pay where ever you want and withdraw with ATMs .
You can choose wether your card operate with your fund from fiat or crypto account.
Switchable between them easily via moble or web application.
SMART WALLET
Function as a cold wallet to store cryptocurrency safely and conviniently. Non-contact NFS payment.
Bind your third parties bank card.
Receive payment as POS terminal including NFS transfer or fiat and cryptocurrencies among gadget.
The smart wallet is equipped with the e-ink screen, wifi, bloethooth and GSM module, and it is connectable to your PC or Mac by USB.
The function prototype already exists.
CRYPTOFIAT BANK
Our fully licensed and legal bank is the heart of our ecosystem. Its provided the following services:
- Bank account both in fiat and cryprocurrencies
- Deposit in fiat and cryprocurrencies
- Instant money transfers
- All the other traditional bank services
- Visa/ Master card with BTC and other major of cryptocurrencies as the card currency
CRYPTO EXCHANGE
- Intuitive and multifunctional trading terminal
- All the major technical analysis options
- A wide range of financial instrument
- Instan deposits and withdrawal options including ZODIAC bank card
- Hedging by trading the index of 10 major cryptocurrencies to avoid significant rate change of any specific pair
HEDGE FUND
AI-based management system. Our Artifial Intelligence system uses big data analysis and deep machine learning. We have anatomized succesful strategis and scenarios to create wide range of investment options in cryptocurrencies and related market. For now, the trading algorithm is beeing tested on Poloniex Exchange, and it has performed more than 100% profit to the initial 20 days.
PAYMENT SYSTEM
Similar to your habitual bank card. Easy and convenient- you can pay where ever you want and withdraw with ATMs .
You can choose wether your card operate with your fund from fiat or crypto account.
Switchable between them easily via moble or web application.
Conclusion
As of April 2018, there’s limited information about Zodiaq available online. The links to the whitepaper are not currently working, and there’s limited information about the project available online overall. We know that the company will offer cryptocurrency and fiat currency banking through a legal and registered bank, but we don’t know many details beyond that.
Here are the reviews I present to you all in finding information and knowing the ZODIAC project currently being run by their team, if there is any shortage in explaining this article, do not worry, I have set up a link for you to get accurate information and of course You will be able to speak directly with their founder or team, at the link.
For more information and join ZODIAC social media, please follow the following sources:
Author (Beat Putih) ; https://bitcointalk.org/index.php?action=profile;u=1953434
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