Blockchain-Remittance | Blockchain Development Company | Mobile&Web Application Development

Remittance

Engagement Model

Offshore - Fixed Price

Client Location

UAE

Client Description

Client was a leading remittance solution provider in middle-east. They wanted us to provide a blockchain based remittance solution so that people can transfer small amount and it is remitted faster.

Blockchain Service Offered

Use Case Discovery & Prototyping

Technologies

Chain4Real, Apache libraries & frameworks, TensorFlow, TFX, Java, SmartContract, IoT, Google AI, Computer Vision.

Target Industries

Industry agnostic, Supply Chain

Value Add

Faster transaction processing
Live exchange rates with minimal fee
Instant deposits and withdrawals

Solution Highlights

Remittance and Payment Processing solution allows as a real-time gross settlement system.
Independent servers participate in the network as possible to ensure high availability.
Decentralized details of the transactions, including the KYC (Know Your Customer).
Cross Border Instant Settlement using blockchain enabled transaction settlement.
Anti Counterparty Risks Management with improved contractual performance.
Increased Transaction Transparency and secure money transfers across bank.
Reduced Fraud Via Self Sovereign Identity to reduced error handling and reconciliation.
Anti-Money Laundering (AML) Smart contract for country specific regulatory / guidelines.