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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.

Okanii frictionless payments

$0.01

Supporting payments as low as

Okanii 100x cost reduction

100

x

Cost reduction

Okanii asset types

100,000

+

Asset types on a single platform

Okanii on a global scale

MM/transactions/sec

On a global scale

Okanii NFT

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:

  1. Double spending.

  2. Trust without intermediaries.

  3. 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.

Image by Thought Catalog
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Okanii payment technology

Market Problems

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).

payment problems

Unsustainable

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.

Unsecure

DLTs record every single transaction in history on numerous databases. This creates multiple honey pot security issues regardless of status (permissioned/non-permissioned).

Transaction redundancy

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?

Storage redundancy

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.

market problems

Non-scalable

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.

Not real-time

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.

Inflexible

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.

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Okanii payment technology

Benefits

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.

next generation payments

Low cost

95% cost reduction. Every transaction is profitable from $0.01 to $1B transactions.

Speed

Instant transactions, low latency, no reconciliation.

Secure

Quantum-proof individual tokens are unbreakable.

Scalable

10M+ TPS, global platform for all global assets.

Privacy

Each token is validated, not the person. Personal info is separated from the transaction. No fraud or identity theft.

Trust

Good funds guaranteed 100%, virtually no counterparty risk.

Turn-key integration

Minimum integration effort for banks to deploy.

Flexibility/Future-proofed

Modular micro-services architecture provides limitless flexibility.

solving real problems in financial services

Convenience/User experience

Everything in one place, all transactions, receipts, points, etc.

Multi-asset

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.

Loyalty/Incentives

Affiliate programs, merchant digital cash, community currency, event currency.

Open, secure APIs

Modern APIs secured with asymmetric cryptography.

Data-rich

Okanii platform supports programable data with each token.