Some good viewing and listening below on how identitii works and why this company has the potential to become widely used in a banking system that is struggling with money laundering and theft. With the banking industry using legacy technology that hasn't seen many changes in 30+ years there is a real need for a blockchain technology like Identitii that can be used with the 11,000 combined banks using the swift network making 25 million financial messages daily. These banks making transactions using swift are limited in the message that they can attach with transactions causing 8% of these to be held up with costly manual investigation required. Identitii changes this with their blockchain tech allowing banks to securely share more information about a transaction in real time allowing transactions to move faster and more reliably.
It is only time till Identitii hits deals with banks other than the current tier 1 banking customer HSBC. With growing regulatory pressure around payments and banks increasing their sharing of information internally as well as with counter parties it is a no brainer that Identitii will become a blockchain solution to the wider banking network both locally and globally. With current market cap of around the 40 mill mark i expect ID8 to be many times higher as they progress towards more customers. Below a few vids with the Constant Investor 1 a good listen in to ID8 CEO Nick Armstrong and how Identitii was born and the reasons behind it with what they saw with a big need in the financial industry and a problem solving need with transaction information requirements. With outdated banking technologies and a real need to solve this issue through improving and enhancing transaction visibility it is only time till banks jump on this tech and this stock becomes a market darling.
https://theconstantinvestor.com/using-blockchain-to-deal-with-crime-identitii/
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $7.156M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $6.188K | 412.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 666666 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 450000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1874998 | 0.010 |
5 | 860940 | 0.009 |
13 | 5285776 | 0.008 |
2 | 3200000 | 0.007 |
2 | 480303 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 83891 | 2 |
0.012 | 443877 | 3 |
0.013 | 166666 | 2 |
0.015 | 200000 | 1 |
0.016 | 175000 | 1 |
Last trade - 13.54pm 29/11/2024 (20 minute delay) ? |
ID8 (ASX) Chart |