Proprietary & Patent- Pending Technology
WSNB, a bank being set-up in accordance with the Swiss Financial Market Supervisory Authority’s requirements, owns military-grade asymmetrically encrypted double blockchain technology which enables it to issue permissioned security- backed tokens to qualified WSNB clients.
WSNB will issue security backed tokens in accordance with the rules and requirements of the Swiss Financial Market Supervisory Authority, the same body which oversees WSNB’s operations
Unlike in-market blockchains, WSNB’s asymmetrically-encrypted blockchain has the hashtags from the permissioned security token blockchain simultaneously tracked in a second non-permissioned blockchain. This redundancy has been built to augment the security of the primary blockchain
As a permissioned blockchain, only WSNB members can acquire WSNB security backed tokens When WSNB issues security backed tokens to a member that member will hold their tokens in a digital wallet provided by WSNB As a permissioned blockchain, only WSNB members can acquire WSNB security backed tokens When WSNB issues security backed tokens to a member that member will hold their tokens in a digital wallet provided by WSNB
WSNB facilitates all token transactions When members transact with members, the tokens remain tokens at all times When member transact with non- member, WSNB acts as the market maker and instantaneously redeems tokens to allow settlement in other currencies WSNB facilitates all token transactions When members transact with members, the tokens remain tokens at all times When member transact with non- member, WSNB acts as the market maker and instantaneously redeems tokens to allow settlement in other currencies
To eliminate fraud and identity theft, WSNB’s VISA or Mastercard [credit or debit] transactions will flow through a stand-alone app, driving transaction data through an end-to-end encrypted blockchain The 3-digit authentication code is replaced with an encrypted code transmitted via blockchain To eliminate fraud and identity theft, WSNB’s VISA or Mastercard [credit or debit] transactions will flow through a stand-alone app, driving transaction data through an end-to-end encrypted blockchain The 3-digit authentication code is replaced with an encrypted code transmitted via blockchain
Standing behind WSNB’s security backed tokens are blocks of WSNB common and / or preferred shares, as well as blocks of the fiat and precious metal assets of WSNB
The par value of WSNB’s security backed tokens will be insured by a consortium of Swiss insurers and re- insurers, ensuring that the par value is constant
In addition to issuing insured security tokens backed by its own assets, WSNB will also issue insured security tokens backed by baskets of assets owned by qualifying clients which they have assigned to WSNB for this purpose
Facebook has made several mistakes with Libra [a permissioned blockchain]:
1. Facebook is not a bank
2. Facebook is not regulated like a bank
3. Facebook does not have a relationship with BIS
4. Facebook is not allowed to trade in securities
5. Facebook does not meet FATF compliance requirements and opens the door to potential money laundering, criminal, and terrorist financing.
Unlike Facebook, YSMB
1. Is not a bank
2. As a bank, WSNB is regulated
3. Will have a relationship with the BIS
4. Will be allowed to trade in securities
5. A compliant Swiss bank, will be
Contact:
Dr. Cherif Belbel (Founder)
Email: belbel@w-snb.com
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