Blockchain platform for credit organizations
The platform exercises control and fulfills the suspensive conditions for products with credit risk issued to legal entities. Registration and connection of a new member in the system takes no more than 5 minutes. Connection is free for lenders and settlement banks.
A smart contract records data to the blockchain with each transaction, which contains payment data for fulfilling suspensive conditions. The blockchain is also used to store the agreement templates of their participants, on the basis of which the parties sign an agreed version.
The blockchain entry ensures data protection from cyber threats and the immutability of the initially agreed conditions.