In an open world, democratisation of ‘creations of mind’ is leading to a sustainable world.
On its newsroom, the Muellners Foundation announced recently that the Open Bank Portal is out of beta and released for public use.
Open-bank.org is a digital public service and brings open finance using ”self governed”, technology based ‘Association’ access to Planet Earth’s resources.
Internet users can visit the web-based service, manage service requests on the Open Constitution network, and secure their financial data residency.
a. Natural persons can set up E Residency keys and access the network’s fractional ownership rights to activate resources on the web.
b. Organizations and Financial Institutions can self-organise and activate resources using their e-Tenancy keys.
c. Startups can avail network resources by activating Startup Tenancy.
d. The Open-Bank.org also makes network and network’s Artificial Intelligence accessible to Public Agencies and Data Privacy Lawmakers, International Financial Co-operation Organisations for both warrant and non warrant cases.
Open-Bank.org uses open-source technologies to enforce Payment Services Directives and regulations on financial data residency, data privacy, and member ID governance. The platform is equipped with Role Based Resource Access.
You can read more about Open-bank on the portal’s Knowledge Base here.
Future versions are slated to upgrade and simplify the network ownership contracts(Open Constitution license) for E Residents and E Tenants. Project Roadmap has been made available on the network.
The platform relies on open-source distribution Finscale. The web service interface is built on another open-source platform – WordPress, that powers most of the Internet websites. The network is powered with third-party cloud resources, tools and open-source projects to set up embedded finance for Association members.
Muellners Foundation maintains Open Constitution AI network, and the community uses the Open Bank portal to self-govern resources and social finance.
Please read the original Press Release here.