BanQu has developed the first ever blockchain Economic Identity technology solution that enables a secure and immutable platform for creating economic opportunities for people around the world who are refugees and/or living in extreme poverty.
Our technology provides a platform where refugees, the displaced, and the world’s poorest can maintain a free, secure online profile that allows them to begin tracking their relationships and transactions. Over time, they build a recognizable, vetted economic identity, which is the base prerequisite to participating in any form of ownership or transactions in the global economy. While maintaining ownership of their personal information, a BanQu user decides what information to share and with whom. Providing people with control of their own Economic Identity creates Dignity Through Identity™.
Do You See Blockchain Here?™
What is Blockchain? BanQu’s Definition: Everyone who participates in a trade or transaction gets an equal and secured copy of the transaction.
In simple terms, it is a new type of data application or ledger, storing immutable data, which can be directly shared, without requiring a central administrator. This contrasts with traditional databases, which have one single administrator that owns and controls the data. The new “protocol” or design of the blockchain enables transactions directly between two or more parties, authenticated by mass collaboration and powered by economic incentives and self-interests. It is enabling the democratization of data, money, and eventually power. Also, blockchain transactions are based on cryptography which makes them inherently more secure than any traditional database or system today.
BanQu Blockchain App Features
Works universally on any device from the oldest to the newest cell phones.
It’s about your data and identity, so BanQu invests the highest degree of quality in its work to ensure a smooth outcome for our customers.
Works flawlessly on today’s newest technologies as well as older. Responsive design means any form factor, any device.
Supports any use case. You decide how you want to connect and transact either with one person, many people, or entities.
Supports any language. BanQu supports many languages and many cultures. Instant translation allows for global alignment between anyone engaging in commerce.
Creates global economic identities allowing users to transact with anyone on the planet.
Unlimited Use Cases
Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world. The BanQu App can solve any use case. Its use is limited only to your imagination.
Free to Signup & Use
24×7 free access to the BanQu App for all consumers for all imaginable use cases from remote purchasing to cash disbursements. *Some fees apply depending on the bank partner used.
Blockchain Application Platform Characteristics
Immutable human-characteristics based (selfie) ID owned by the user who creates it.
Access to this identity without any need for physical documentation.
Existing on a private permissioned blockchain enables the systematic buildup of transaction history for refugees and people experiencing extreme poverty, creating a reliable profile for a path out of hardship.
Not Tied to Cryptocurrency
The speed and security of transactions won’t be impacted by the volatility of Bitcoin or any other cryptocurrency.
Built-in geo-location tag on all transactions.
No central database – all data is stored on our permissioned private blockchain.
BanQu Case Studies
Building Economic Identities
In Kenya, BanQu created a digital identity for several hundred refugees and individuals in extreme poverty zones, with the aim of creating a long-term, secure economic profile they could leverage for access to financial and government services.
Supply Chain Management
Through our supply chain solution, we are improving the delivery of essential medications to poor communities. In agricultural supply chains, we are providing end-to-end transparency, from manufacturer to farmer.
BanQu is piloting small-plot farmer land mapping, especially for women farmers in Latin America, where access to finance is hard due to lack of land rights and outdated property registries.