EMPOWERING CRYPTO, EVERYWHERE.
Truly tokenizing crypto to work everywhere.
Making all cryptos, easy, fast, scalable, secure and sustainable, will make all cryptos ubiquitous everywhere.
Bitcoin and DLT architectures were not designed to solve the problems in the payments space, they were designed to solve three specific problems that have nothing to do with payments. As a result, they haven’t caught on at the retail level, which is key for global adoption, and have been relegated to virtual trading platforms.
Okanii serves as the bridge to allow cryptos to solve real-world problems at the retail level, creating global adoption.
Supporting payments as low as
Asset types on a single platform
On a global scale
DLT architectural problems
Bitcoin and all DLTs are based on the integration of various solutions that have been developed over the past 40 years.
The specific problems Bitcoin set out to solve are:
Trust without intermediaries.
A virtual currency.
None of these problems are problems within the payments space, however, the combination of these three problems cemented the core architecture of all DLTs – mining, consensus and distributed nodes.
While the ‘too big to fail’ and ‘moral hazard’ environment of the 2008 credit crisis created the perfect environment for Bitcoin to find a community and build a level of adoption, the architecture of DLTs limits their true applicability for global commerce.
Technical problems related to underlying Distributed Ledger Technology (DLT) architectures.
While the crypto market has grown from Bitcoin to 12,000 different crypto platforms and trillions in market cap over the past 14 years, the crypto market is plagued with problems as a result of the architecture of DLT platforms (mining, consensus, distributed nodes).
DLTs are complex, cumbersome, and inefficient platforms (mining costs, consensus costs, transaction replication cost). Current Bitcoin energy consumption for 7 transactions per second is 180TWh annually.
DLTs record every single transaction in history on numerous databases. This creates multiple honey pot security issues regardless of status (permissioned/non-permissioned).
DLT transactions are recorded multiple times on every full node. Bitcoin has over 12,000 full nodes, so every transaction is recorded 12,000 times.
Does it make sense to record a $1 transaction on 11,998 databases that were not needed?
Not only is recording every transaction inefficient, but the storage of every transaction since inception is inefficient. Each full node contains over 360GB of data and is continuously growing. This is unnecessary and creates a massive perpetual security risk.
DLTs are not scalable due to the architecture chosen (mining, consensus, redundant nodes). Bitcoin only supports 7 TPS, Ethereum 100+ TPS, both grossly insufficient for global retail commerce.
DLT transactions are recorded on DLT blocks that are not created in real-time, and some DLTs require 6 blocks before providing 100% assurances. How will this work at a global retail level?
Single asset solution
DLT platforms are single asset solutions, as each platform has its own single product ie. bitcoin, Ethereum, Ripple, etc. The world has 181 fiat currencies and tens of thousands of other asset types. DLT was never designed to support all of these different asset classes of the tens of thousands of databases, billions of users, and trillions of transactions. It is simply not designed for the job.
DLT architecture combines money issuance/creation, payment facilitation, and clearing/settlement in one process. This combined 'single-tier' approach creates more problems than it solves.
Okanii’s DAT platform solves all of the problems for using all cryptos across all payment use-cases.
Okanii DAT platform allows any crypto custodian to mint a digital representation of that crypto for real-time payments, this will usher in the real adoption of cryptos globally.
GET POWERED BY OKANII.
95% cost reduction. Every transaction is profitable from $0.01 to $1B transactions.
Instant transactions, low latency, no reconciliation.
Quantum-proof individual tokens are unbreakable.
10M+ TPS, global platform for all global assets.
Each token is validated, not the person. Personal info is separated from the transaction. No fraud or identity theft.
Good funds guaranteed 100%, virtually no counterparty risk.
Minimum integration effort for banks to deploy.
Modular micro-services architecture provides limitless flexibility.
Everything in one place, all transactions, receipts, points, etc.
Ubiquitous platform. Individual self-contained tokens facilitate all assets all use-cases, all transfer technologies.
Bank owned & controlled
White-labeled platform, banks keep full control.
Micro-payments, IoT, gig economy
Untapped revenue streams in the trillions with dozens of use-cases.
Affiliate programs, merchant digital cash, community currency, event currency.
Open, secure APIs
Modern APIs secured with asymmetric cryptography.
Okanii platform supports programable data with each token.