Polybius (PLBT) ICO review
Polybius Bank project will operate on the principles of an Open API, employing reputable innovations and services within the framework of payment and data processing industry. The activities of the Polybius will be developed on an incremental basis investing the capital according to the development of the customer base and with the objective of maximizing the capital versus revenues ratio. By providing the infrastructure for system-to-system communications, Polybius Foundation will act as a Trustee service and will be responsible for the control and execution of compliance-related directives.
While starting off as primarily a financial institution, the Polybius project is meant to grow into your daily servicer and companion ecosystem. It will aim to enable secure and seamless connections between life and the things we love and use every day.
The key elements of Polybius ecosystem are the Polybius Foundation and the Digital Pass. Polybius Foundation is the subject fostering the Polybius Bank or Polybius Payment Institution (P.I.) at the start. Its customers will not only get access to a variety of financial services, but will likely be among the first to get the PolyID that will plug them into the Digital Pass environment. Digital Pass is an independent environment as a service, which will serve as a storage for encrypted individual information. The security of access to the information will be enabled by SSL certificates, dynamic PINs and, to some extent, by biometrical data. The security will be compliant with the PSD2 RTS requirements issued by the EBA Authority on 23.02.2017.
Among other planned features are scoring and sensitivity systems for credit and insurance businesses, asset and currency trading systems, seed & VC investment tools, eID and Trust services and other features described in this Prospectus. Polybius is being designed as a highly scalable platform targeted at simplifying our daily lives.