Good Project: What is Traxia — Development Strategy

What is Traxia — Development Strategy

Photo: Traxia

The goal of this article will be to describe the business strategy in simple terms. This is not investment advice or an endorsement. Always do your own research. The white paper breaks their strategy down into three stages.

Overview –

V1(alpha) — January 2018

V1(beta) — March 2018, Monolith API (PHP), web clients (Angular 4 / Typescript)

V2 — April 2018 ,Monolith API (PHP), web clients (Angular 4 / Typescript)

V3 — June / July 2018 Microservice API (NodeJS/Typescript/GraphQL), webclient (ReactJS/Typescript/Redux), mobileclient (React Native/Typescript/Redux)

There are three aspects that work together here.

1. Core- Build the core of the project around first use case and initial focus. Liqease.com. (seems like it is mostly finished)

2. Marketplace — Build a marketplace where professional investors can trade digital assets that are collateralized by invoices and other relevant contract. To speed up this process and not reinvent the wheel Traxia is working with proofsuite CTO — Tai Kersten and open source marketplace Lykke (already established marketplace).

3. Token — The TMT token will power the ecosystem by ‘remunerating and incentivizing participants and technology providers’.

Traxia plans to keep this version of development open and believes it should be based on client feedback as the company grows. However, their ‘key philosophy is to ease the process and make the platform as easy to use as possible for our users’.

This is where the project will be built ontop of the Cardano blockchain infrastructure, and they will swap out their TMT ERC-20 token for a TMT token on Cardano.

They will work on making the TMT a seamless payment method for the technical services provided by LiqEase.

This is the Smart Contract development version. They believe that once the first two versions prove the concept, that blockchain is a suitable solution for trade finance and ‘satisfy the market demand’, they will be able to build in other features and make the smart contracts truly ‘smart’.

Traxia Links:

Website- https://www.traxia.co/

Telegram- https://t.me/traxiafoundation

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