By 2020, there will be 726 billion electronic payments in the world.
The banking and insurance sector today face two major challenges. On the one hand, large banking groups suffer from a very significant lack of customers' trust. Banks and financial institutions hold highly confidential data on their customers, including how much they have in their bank account and especially how they manage and use this money. There is therefore a real private and confidential data management and storage issue.
On the other hand, the financial sector encounters a problem intrinsically linked to its operating mode which is exchanges intermediation. This results in slow processes and very high infrastructure operating costs.
Transchain improves the efficiency of our banking institutions.
The distinctive feature of Transchain is that the exchanged data are not stored directly in the blockchain but remain in the internal databases of the banks and insurance companies. The purpose of this feature is to secure customers' personal information and to ensure the confidentiality necessary for this sensitive data.
The blockchain, via smart contracts, decentralizes by eliminating intermediaries within the transaction and validation process. Banks are then able to reduce their operating costs and increase their profitability. Transchain is therefore the driving force behind the optimization of banking and financial processes, for example through the digitization of payment methods and bank account management.
Ensuring customers that their identity and personal data will not be disclosed and that their data will be exchanged in a secure, tamper-proof and forgery-proof manner.
Check and assess the quality and authenticity of the collected data.
Determine the identity of the signatory using private keys by allowing the signatory to sign by proving his or her identity with an encrypted key, without having to unveil it.
Generate smart contracts fully digital and secure, without the need for an intermediary.
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At Adameo, we chose to build a strategic partnership with Transchain, because we are convinced the Blockchain as a Service is the only implementation allowing the interoperability of information systems between the Supply Chain professionals.
Our collaboration with Transchain has showcased the utility and the ease of use for SME of Katena, a reliable and operational solution allowing to choose to track products by batches, sets or types
Katena: Transchain blockchain is an original solution providing an innovative approach which is both well defined, technically accurate and clearly targeted.
Over the past ten years, blockchain technology aroused a lot of enthusiasm, primarily due to advances in the professional sector. Besides, the logistics sector is booming with the expansion of e-commerce. It increases the number of activities associated with…Read more >