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Civilised Blockchain: High-Speed, Ultra-Scalable, and Regulatory-Compliant Full-Stack Distributed Ledger Technology, with Business-Ready Products

Technology Overview

Our company built our own full stack blockchain/DLT platform that demonstrates the unique high-performance architecture applicable in various business financial applications. Our solution is truly universal platform as it can store real (fiat) money, any data, and identity directly on-chain. An enterprise-grade platform that merges real money, identity, and data to enable agile business models.

Our technology is compliant with EU’s e-money regulations, transacting national currencies inherently linked with end-user identity. It also processes any public and private documents on the chain for an embedded trusted solution in line with EU's GDPR, Durable Medium and MIFID II standards. 

The solution is fully mobile-optimized, with full DLT nodes running on users’ smartphones and thus ideal for mass-market applications. The company has submitted seven distributed ledger related patents, like: obsolescence lock, consensus mechanism, currency supply control and on-chain data storage.

Technology Features & Specifications

Our proprietary full stack blockchain is specifically designed for fiat (national) currency electronic money, any documents, and identity data - all on-chain. We developed corporate nodes, with specific enterprise functionalities, and personal nodes that fit a mobile phone of an individual user. Thus, the system is powered by users’ smartphones and ideal for instant, p2p and mass payments. By digitizing national currencies, without any underlying cryptocurrency, and full integration with traditional financial systems, we unlock the power of blockchain technology for everyday business, both in the financial industry and for general enterprises. Our blockchain platform is designed for high performance:

  • >2000 payment transactions per second, i.e., >160 million per day – more than daily number of card transactions in Europe
  • >5 million documents published on blockchain per day
  • Payment transactions completed within ~4 seconds
  • Linear scalability 

Enabling a wide spectrum of business applications.

Potential Applications

Our unique DLT platform, immutably combining money, data, and identity, has endless potential applications in a variety of sectors where information separation, prevalent in traditional IT systems, is an issue. 

So far, we have focused on a few practical applications, which are already in use or piloted by our clients:

  • Corporate loyalty and incentives solution for distribution, verification, and payment for tasks
  • Inter- and intra-bank money transfer solution
  • Inter-bank deposits distribution solution
  • Trusted document management solution suite for immutable publication and MIFID / GDPR compliant permanent storage of public documents (e.g., banking terms of service), private documents (e.g., individual contracts), and remote, fully electronic document signature

 

There are many potential applications, to name a few:

  • Delivery versus payment solution for settlement of security trades
  • Insurance ecosystem, which streamlines identity verification, sales of policies, claims management, risk assessment, and payments among all participants
  • Energy ecosystem, which facilitates micro-grid energy exchange, payments, invoice management, electro-mobility, etc.
  • Temporary or part-time workforce “uberization” platform 
  • Secure, immutable documents and information storage for public or government registries (e.g., mortgages)

Market Trends and Opportunities

Current transaction systems are all off-line, and they all require a central solution to manage every transaction and intermediaries.

Given these above and other global challenges around account provision and transaction complexity, a significant market has grown up around payments that are not directly linked to a bank account. In this alternative payment sector, many of the mechanisms are expensive for merchants and high friction for end-users. Still, this alternative payment sector is currently valued at $899bn globally and is forecasted to grow by 50% to 2019, to $1.3trn. Current disjoint payment solutions with multiple layers of middleman suffer from high friction.

Customer Benefits

Our technology and solution allow us to address the business issues of existing client-server based solutions. Our platform provides an innovative DLT software that creates new documentation management, payment & information rail built for real-currency applications, optimized for speed, scalability and cost. Our white-label solution enables ultra-low cost accounts and transactions, solving financial inclusion and many more B2B applications in the area of loyalty, motivation, sales and payment.

In practical terms, customer benefits can be measured in terms of revenue improvement or cost reduction, e.g.:

  • An insurance client observed an 18% sales increase after deployment of our corporate loyalty and incentives solution, which allowed them to reward sales agents with commission immediately after the sale of the policy, and thus improving their motivation
  • Our banking and financial clients enjoy 60%-80% cost reduction on money transfers, account maintenance, and trusted document distribution

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