Blockchain Technology enables bilateral settlement by eliminating midpoint failures, delays, collateral costs, and minimizes credit risks and exchange spreads. Finesse brings together the best blockchain technology partners with their solutions to help our clients transform their business applications.
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Blockchain technology with its potential offers a transparent and secure business platform. With a huge collection of data and ongoing business transactions to record, businesses requisite a sorted and secure process. Blockchain, a uniquely distributed ledger, empowers businesses to safely record and verify the transactions at every step. The ledger connects to a network of computers for people to check every transaction. All the information is accessible to everyone on the network.
Blockchain enables bilateral settlement by eliminating midpoint failures, delays, collateral costs, and minimizes credit risks and exchange spreads. Finesse brings together the best Blockchain partners with their solutions and helps our clients transform their business processes.
Our Blockchain offering includes:
- Identify and implement the right solutions to suite specific business requirements
- Developing proof-of-concept projects that demonstrate real life solution capabilities and benefits derived
- Building smaller functional components to showcase the long term road map for integrating existing services
- Initiate by learning: Hosting educational workshops by inviting experts & experienced practitioners, thereby creating a supportive environment
- Mobilizing functional and technical resources
- Implementing analytics, security and infrastructure solutions
Our Blockchain solutions portfolio includes for:
- Contract Management
- Loyalty Management
- Public Services
- Certificates Management
- Patient Records
- Supply chain management
For the massive financial services sector, blockchain technology (the software behind the digital currency, Bitcoin) offers an opportunity to overhaul its existing business model, including its banking infrastructure, approach to settlements and customer interactions. But acting on this opportunity, and making the most of blockchain technology, is no easy task given the core beliefs and reinforcing systems that are embedded in the industry. It is only a matter of time before the broader financial services and banking industries shift to blockchain and network-based approaches.
In lots of areas, it’s likely that blockchain technology will replace the current centralized business model of the financial services industry. The ability of the technology to provide an non-forgeable record of identity, including the history of an individual’s transactions, is one area being eagerly explored. Blockchain technology can be an important opportunity to speed up the metabolism of the industry with a common blockchain or blockchains, reduce errors and create a more secure industry and radically cut costs. It can also be used to create strategic value and penetrate new markets.
Blockchain not only offers permanent storage of code, but also of funds. Nothing like this has ever been created prior to the creation of cryptocurrencies. Payments are instantaneous. You can transfer value anywhere around the world for free, and blockchain technology has removed intermediaries in payment systems and is bringing people together in a peer-to-peer model.