By 2020, there will be 726 billion electronic payments in the world.
The banking and insurance sector faces two main challenges, the lack of customers' trust and intermediation in transactions. Banks hold highly confidential information about their customers, such as how much they have in their account and above all how they use that money. There is thus a real issue of private data management and confidentiality.
The second challenge is the slowness of the processes and the high operating costs caused by the intermediation.
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. This feature aims at securing customers' personal data and ensure confidentiality.
Decentralization of the blockchain by cutting out intermediaries in the transaction and validation process, banks reduce their operating costs and increase their profits. Transchain is thus driving process optimization for a greater profitability.
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 >