Distributed Ledger
Decentralized applications
Blockchain for lending
Blockchain for transfers
The distributed ledger technology allows for viewing a complete history of transactions and tracing every single asset to its origin. The transparency capabilities help avoid fraud and money-laundering which is now one of the most pressing issues in banks and financial institutions. We are always at your disposal to discuss the opportunities your organizations may get with blockchain implementation. Our experts will consult you on various applications of blockchain in financial services and banking.
Digital transformation is all about adopting and implementing advanced technologies in your processes, services, and business in general. Blockchain solutions for banking are a good way to surprise your customers and present something quite different your competitors offer. It is a unique possibility to introduce instant and secure payments without or little fees. It is a chance to partner with fintech to offer exclusive services and products your competitor will hardly offer.
One of the main advantages blockchain brings to the financial services is instant settlements possible thanks to the absence of an intermediary between a payor and a recipient. In contrast to traditional banking, where payments take days or even weeks, blockchain payments are fast and are settled within a few minutes. This feature attracts customers as there’s a strong demand for fast, secure, and low-fee payments among consumers. Thus, incumbent banks are actively exploring instant settlements to implement these for their service offerings.
Financial services offering smart contracts are able to enhance their contractual performance — smart contracts are fulfilled automatically. It is crucial that smart contracts have predetermined terms and conditions, are based on law and compliant to regulations. Our blockchain fintech development company has expertise in building custom-tailored smart contracts with pre-set terms. Our analysts and blockchain experts will discover your business and consult you on the best approaches to develop smart contracts for your organization and customers.
Analysis
Development
Testing
Deployment
The duration of a Blockchain project is affected by many factors. The most important are mentioned below.
To estimate the cost of a blockchain project, we consider a lot of things.Â
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