1 / 6

Blockchain Use in Simplifying Payments

https://www.parangat.com/blog/blockchain-use-in-simplifying-payments/

dristisingh927
Télécharger la présentation

Blockchain Use in Simplifying Payments

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Blockchain use in Simplifying Payments

  2. Intro • Payment ecosystems are evolving at an accelerating pace to embrace new transaction processing methods and technologies. Let us understand how we can use blockchain use in simplifying payments. • The payment verticals of retail banking, merchant retail, transaction banking, billers, and digital banking that have traditionally operated in isolation are evolving toward a consolidated, real-time, any-to-any ecosystem.

  3. BLOCKCHAIN IMPACT • Payment ecosystems square measure evolving toward a period of time, any-to-any payments experience for consumers • Blockchain has the flexibility to modernize a payment’s elementary imperative of transferring price between multiple parties, securely and with minimal operational or technical friction. • Recent rapid growth of peer-to-peer market exchanges for lending (Zopa, Lending Club and Funding Circle, etc.), accommodation (AirBnB) and taxi services (Uber) has demonstrated the potential of peer-to-peer architectures.

  4. .

  5. Different types of uses in payment system. • Value Transfer: Blockchain 2.0 technologies could be applied to a variety of different payment sceneries. • Trade Finance: The use case for trade finance covers a single common record of the liabilities and obligations of parties in trade finance • Reference Data: Enable the rapid, auditable and secure updating of records by any authorized participant and sharing the change across the network of users. Potential areas where these technologies could be used to streamline the update process and simplify integration into existing payments processing include hot card files, sanctions lists, routing records etc.

  6. Thanks! Contact us: Parangat Technologies. www.parangat.com

More Related