I am still trying to understand how blockchain is being implemented in the project besides for raising funds using dICO.
Several routes that this could go: A third party wallet provider, using MNZ token to power an application, crypto debit card loading. The possibilities are endless.
One of the things that we want to do initially is to truly introduce fiat to the blockchain. Initially we intend to use it in ways that are very familiar to those who are in the crypto-scene. Initially to raise funds, as was mentioned, but after that we will be using it in much the same way that cryptocurrency works currently. To pass finances within branches - Think of it like the current uses of crypto, except for using fiat. Of course, we are going to be only able to use it to transfer into other Monaize branches. Of course, this all needs to be cleared by our legal team and local governments, but we are confident that we will be able to work things out as we intend to do this using the correct channels.
Additionally due to the nature of the Komodo Platform, and our partnership with them, we have the capability to store databases on the blockchain. So immutable client information can be stored in a fully encrypted and secure manner. We are also provided with a ton of other developments being partnered with the Komodo Platform, due to their white label platform, we intend to fully use every aspect of the blockchain that we can as we move forward.
To make a much more complex process short, we want to put fiat on the blockchain to start. And explore the other potential uses of this technology as we expand our partnerships through successful experiences within our two initial jurisdictions.
