Banks as Validators:
Building Trust and Security

Discover how Vixichain leverages licensed financial institutions to validate blockchain
transactions, ensuring compliance, trust, and global adoption of blockchain technology.

Bridging the Old and the New: Compliance Meets Defi

Vixichain introduces an innovative model where licensed financial institutions act as Validators in the blockchain ecosystem. These Banks as Validators (BaVs) play a pivotal role in ensuring secure, compliant, and efficient transactions by leveraging their expertise and regulatory frameworks. This model bridges traditional finance and blockchain, fostering trust and transparency in every transaction.

A Seamless Process for Transaction Validation

1

Transaction Initiation

Users initiate transactions within the Vixichain ecosystem, whether for transfers, bridging, or payments.

2

Validator Selection

Vixichain’s system matches transactions with relevant BaVs based on parameters such as risk scoring, transaction amount, client segment, and more. Users are presented with a list of BaVs showing: Bank Name, Country, Validation Fee, Estimated Processing Time

3

User Approval

The user selects a preferred BaV, confirms the transaction, and agrees to the network fees.

4

Validation Process

The chosen BaV validates the transaction based on its internal risk appetite and compliance framework. Validation details are securely recorded on the blockchain.

5

Completion and Rewards

Upon successful validation, the BaV receives its fees automatically in VIXC tokens, deposited into its Vixichain wallet.

Banks as Validators Benefits

Why Bank Validation Matters

Enhanced Trust

Licensed banks add an extra layer of credibility to blockchain transactions.

Regulatory Compliance

Validation by BaVs ensures transactions adhere to AML/KYC standards.

Global Reach

Users can choose from a network of international banks, optimizing for cost, speed, and reliability.

Transparency

Validation details, such as the validator name and transaction status, are recorded and accessible on Vixichain’s encrypted explorer.

Incentivized Participation

Banks earn rewards for each validated transaction, fostering mutual benefit within the ecosystem.

One Dashboard Many Possibilities

BaVs access a dedicated web panel to manage their preferences, including:

  • Setting trust parameters based on client segment, transaction size, source/destination country, and more.
  • Customizing validation fees and estimated processing times.
  • Viewing real-time transaction logs and earnings.
  • Accessing encrypted transaction details for compliance and audit purposes.

A New Revenue Generation
Opportunity as a BAV

Validation Fees

Earn fees for each transaction validated on the Vixichain network.

Service Provider Fees

Additional income for offering services like cross-border payments and asset management within the ecosystem.

Platform Growth

Increased transaction volumes over time enhance earning potential.

What It Means for
Vixichain Users

Choice

Users select from a list of BaVs tailored to their transaction needs.

Cost Efficiency

Competitive validation fees through the auction model.

Speed

Real-time processing ensures faster transactions.

Transparency

Clear visibility into the validation process via the encrypted blockchain explorer.

Enhanced Trust

By integrating the expertise and recognition of traditional financial institutions (TradFi) into blockchain validation, Vixichain bridges the gap between DeFi and Web3, bringing legitimacy and trust to the ecosystem.

Mass Adoption Ready

This unique combination of TradFi and blockchain technology takes decentralized finance one step closer to mass adoption, ensuring that DeFi solutions are widely accepted and used in day-to-day financial systems.

Join the Future
of Digital Finance

Become a part of Vixichain’s groundbreaking network of Validators. Whether you’re a user or a financial institution, our innovative validation model ensures secure, compliant, and efficient transactions for all.