Freedom Account

CloudBank (or LocalBank), is your blockchain ecosystem for data sovereignty; from Finance, blockchain Voting, Healthcare, to AI Gateways. (We also support 164 world FIAT currencies!!!)

1 CBANK = $100

How does LBANK maintain the $1USD peg?

CBANK & LBANK are CloudBank/LocalBank's core tokens. 1 LBANK=$1USD forever, whereas 1CBANK=100LBANK +-6%. There are two decentralized conversion operations designed to achieve this goal. CBANK to LBANK conversion and LBANK to CBANK conversion. These two operations keep the price at $1USD for 1LBANK with a tight margin.✅ 💱

Cryptographic e-voting

We are turning our attention toward improving the integrity standards of voting systems used in political elections worldwide. In order to ensure that political election results are honest, accurate, and accepted on a global scale, we are developing secure blockchain-based voting software that provides transparency into election results by allowing voters to independently audit the ballot box. Using cutting-edge technologies, such as blockchain technology and elliptic curve cryptography, and is being accomplished, all while protecting each voter’s right to privacy.

Data Gateway

Decentralized software that any app can integrate to give users real power over their data - from finance, to health records, to enterprises that want a gateway / toll booth in front of the AI bots that grab data

Tanks & Tap

A management infrastructure within the decentralized framework to undergird blockchain & token mechanics & ongoing operational fluidity, & to allow for an open & fertile field for digital settlements ideal for business payaments wrldwide

Decentralized Token

A companion decentralized token access facility embedded in the layer-1 blockchain, with self-custody wallets, for a sustainable environment for direct access to the chain's native token, and for tokenized assets

Exchange(like NSE)

We are introducing africa's first Decentralised Digital Exchange (DDE) which is interoperable with banks as well as crypto-chains like Ethereum, Bitcoin, Binance and Poligon.

Critical Data

Secured via a Cryptographic BlockChain database to offer a replacement to the current SQL based data centers used in Governments' HEALTH & LAND MINISTRIES, etc.

P2P LENDING

How Peer-to-Peer Lending Works

P2P lending Decentralised Apps (Dapp) connect individual borrowers directly to individual lenders. Each platform sets its own rates and terms. Most Dapps have a wide range of interest rates based on the CLOUDworthiness of the applicant.

P2P lending is also known as "social lending" or “crowd lending." Major players in the field include such platforms as Funding Circle, Kiva, LendingClub, Prosper, and Upstart, among others. Typically, the process works like this: The investor will open an account on the Dapp(system) and deposit a sum of money to fund their loans. Loan applicants will post a financial profile and be assigned to a risk category, which affects the interest rate they will have to pay to borrow.

Peer-to-Peer

The applicant may then receive loan offers from one or more investors and accept one of them. The money transfer to the borrower and the monthly loan payments to the lender are handled through the platform.

Some Dapps specialize in particular types of borrowers or loans. Funding Circle, for example, focuses on small businesses.

The Risks of Peer-to-Peer Lending

People who wish to lend money through a P2P Dapp(system) need to consider the possibility that their borrowers will default on their loans. Research on P2P lending platforms has indicated that defaults are much more common than at traditional financial institutions, sometimes in excess of 10%

Any investor considering P2P lending should also check the system's transaction fees. Every platform makes money differently, but it may charge fees or commissions to the lender, the borrower, or both. Like banks, the Dapps can impose loan origination fees, late fees, and bounced-payment fees, among others.

Learn More...

Other product: Blockchain Voting app

video

VOTELY APP

Comparisons between Blockchain Banking and legacy Banking technologies.

Cloud Bank co-op Cinese bank BoA Nance EU Bank World remit Western Union
Functinalities 		Cloud Bank co-op Cinese bank BoA Nance EU Bank World remit Western Union
Blockchain Database (Hack proof)
Decentralized Database
Crypto-encriped Database
Decentralized Trading
Cannot block your money account
No 3rd-papty risks
Native currencies (Global)
Business ACC. Signatories
No withdrawal limits
No trading limits
No permanent account suspension
Transparency
Decentralized chat
Htlc transactions(advanced)
Mobile app
Desktop app
Transactions per second 1,000,000 n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Fees 0.5$ 1.3% ~1.5 ~1.5 ~2.0 ~2.1 ~3.0 ~1.9
Has been hacked before No Yes Yes Yes Yes Yes Yes Yes
Instant Payment process
Social Networking
Core Token CBANK
USD
Multi-signature account

Cryptographic Voting via eBallot Box

  • What are Blockchains?
    blockchain is a decentralized database based upon a carefully analyzed system of rules (a protocol) governing how that database can be updated. Blockchains come in two main flavors: public and private.
  • What is That in Voting then?
    Since their origins, humans have had difficulties. Bad ones. Life is hard. People get hurt. People die. But we all recognize that life could be beautiful, and we strive for that. To deal with the problems, we band together. To band together, we need organization, and that organization comes in two flavors: either we agree upon rules, or we appoint rulers. SOLUTION: Cryptographic voting booth & e-ballot box where VOTERS can AUDIT VOTES; all without compromising privacy or security.
  • What is messy?
    Agreeing on rules is one thing, but enforcing them is another. People get assigned to that, and that works well sometimes, but then those people need to organize themselves, which creates the same problem all over again. And then there's that whole issue of interpreting the rules, when ambiguities arise. SOLUTION: Cryptographic voting booth & e-ballot box where VOTERS can AUDIT VOTES; all without compromising privacy &security.
  • And the reality?
    The long and short of it is, agreeing upon rules hasn't worked well for us. We try to do it, but it's complicated, and so we end up appointing people to work on updating the rules, others to work on interpreting the rules, and still others to work on enforcing the rules. So far, agreeing upon rules is just a convoluted way of appointing de-facto rulers. SOLUTION: Cryptographic voting booth & e-ballot box where VOTERS can AUDIT VOTES; all without compromising privacy &security.

    • Votely

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    The first 10,000 registerred ussers receive 0.2 CBANK. ( 1 CBANK=100 USD)

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