Blockchain
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;
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
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.