Payments & Transactions

Sending, receiving and the verification of funds on an international level is usually time and cost consuming. Post-trade processing must be executed quickly as capital markets are volatile, and handled in a secure and effective way. Decentralized blockchain-based payment processors allow instant financial transactions, as they do not depend on third party correspondents and operate directly between the contractual parties. They also make the transaction safer due to a cryptographically secure end-to-end payment flow and a peer-to-peer verification network…..

Rather than relying on one central cloud server to identify and connect with every single device, blockchain technology can provide secure mesh networks, in which various devices will interconnect in a reliable way while avoiding threats such as device spoofing and impersonation. Blockchain-powered services can be used to establish immutable evidence chains useful not only for supply chain management, but also for the identification of individuals and individual assets. In this case, encrypted public ledgers serve as data storage for registries of personal data …………….

Modern supply cycles have become increasingly hard to manage due to being highly fragmented, individualized and geographically dispersed. A blockchain application enhances visibility and transparency in the supply chain, as it allows the registration of each transfer on the ledger as transaction. Each transaction identifies the operator and party involved and provides additional relevant information, such as price, date, location, quality and state of the product. Once logged onto the blockchain, the data is immutable and as such prevents fraud and tampering with the information by any unauthorized party.