Foundation announced today that the Open-Bank.org Portal is out of beta and released for public use.
a. Individuals can register E Residency, and access Open Constitution network’s fractional ownership rights, and activate resources for their contributions.
b. Organizations, startups and projects on the network can self organise and activate resources using their Tenancy keys.
c. The Open-Bank also makes OC network accessible to Public Agencies for both a warrant or non warrant cases.
Open-Bank.org uses regulatory 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 this here.
Future versions are slated to upgrade and simplify the Open Constitution license contracts for E Residents and Tenants. Project Roadmap has been made available on the network.
The platform is built using open source distribution Finscale, and open source platform- WordPress, that powers most of the Internet websites. The network uses Woocommerce to set up embedded finance for Association members. Open-Bank.org technology stack can be visited here.
Foundation maintains Open Constitution network, and community uses this portal to self govern resource provisioning on its network. Account Setup guides have been made available for public on the project’s knowledge base.