Blockchain/Distributed Ledger Technology (DLT)
Blockchain eases the existing pain points of buyers, sellers and financial institutions while opening the ecosystem to new non-traditional players.
Blockchain can transfer payment across currencies almost instantly for a fraction of today’s cost and provide access to the unbanked in remote areas.
Blockchain can create an auditable source of information shared and verified across a network of organisations (e.g., KYC compliance).
Clearing and Settlement
Blockchain shows promise to drive efficiency in the clearing and settlement process of digital assets through the use of coloured coins.
Blockchain offers an immutable and irreversible source of information that can track the true ownership of a product across the supply chain.
Blockchain can be used as a shared master data repository for common industry information allowing members to query the data.
Blockchain provide a method for collectively recording and notarising any type of data, whose meaning can be financial orotherwise.
Contractual terms and obligations can be programmed directly into the blockchain, maximising adherence (e.g., final contract, signatures, claims & premiums processing).
Blockchain for Cryptocurrency
Blockchain and Smart Contracts
Private and Permissioned Distributed Ledger Technology
In a peer-to-peer model, every peer in the network is a server and client, thus eliminating the middlemen in processes between users.
Enables the facilitation of transactions without a central, privileged third party even in the absence of trust.
Secured by Cryptography
Public key cryptography is a method for verifying digital identity with a high degree of confidence, enabled by the use of private and public keys.
Allows for increased security and protection of data and identity in the system.
Smart Contracts & Oracles
Smart Contracts are virtual agreements encoded on the DLT that can be automatically reconciled based on logical conditions.
Enables the secure automation of complex, logical agreements and the business processes using data gathered by Oracles.
Data on the DLT is immutable, and is thus resistant to double-spending, fraud, censorship and hacking efforts.
Creates a more secure, transparent network and creates new avenues for regulators.
DLT allows for near real-time settlement of transactions, removing friction and reducing risk.
Enables transactions to be made in near real-time between users on the network.
DLT is based on cryptographic proof, allowing any two parties to transact directly with each other without a trusted third party.
Allows two or more trustless parties to transact directly with each other.