Blockchain

Replace the legacy database application, vulnerable to infringements, failures, and attacks with the cutting edge technology ensuring the highest level of security, integrity and auditability of your data.

What can you gain?

  • Replacing traditional processes based on paper documents with blockchain-based processes to improve their effectiveness, trust and speed;
  • Processes can be automated with smart contracts, influencing their efficiency;
  • Minimising the risk of errors and associated costs;
  • Minimising the risk of manipulations
  • Enabling tracing of changes at every stage of the process
  • Elimination of third parties involved in the process;
GFT expert team offers:

An analysis of processes at your company to see where the blockchain technology can be used

Support to determine achievement of set objectives;

Presentation of the best solution to achieve the set objectives. Presentation of the roadmap

Cost estimation for the proposed solution

Projects that we delivered:

Fraud detection in the factoring process

Challenge: As not only a complete, but also a partial invoice can be sold to the bank, a risk of fraud arises, involving the repeated sale of the same debt to many banks

Solution: Implementation of a register of invoices issued/sold/purchased. The first Corda production deployment in the world. 

Value: Securing against „double-spending”, reduction in the invoice verification time from 2 weeks to one day, data stored in a safe DLT environment.

 

Custodigit platform 

Challenge: Creating a fully digital custodian to manage digital resources. 

 

Solution: Implementation of the Digital Custodian platform with a full life cycle of digitalised financial products.

 

Value: all transactions included in the AML process; a full audit of transactions; certified platform – verified by the regulator. 

A tool for securities accounting

Challenge: A platform of securities tokenisation. 

Solution: GFT was responsible for the integration of the trading platform for tokenised securities with the customer’s legacy system based on the Corda technology on GCP. 

Value: Risk minimising thanks to a solution of the highest quality; elimination of manual tasks, which significantly contributed to shortening of the process; security of the solution with the strictly controlled access process.