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Solutions prepared by the UBIN report

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  • Solutions prepared by the UBIN report

    Trading operations
    Blockchain unites different parties to transactions in a single public data registry.

    Cross-border payments
    Payment transfer almost instantly, directly and significantly cheaper than today's cost.

    Digital identification​​​​​​​
    Data generation, storage and confirmation by network participants (for example, KYC). Use cases were prepared by Deloitte and the Ministry of Finance of Singapore together with Bank of America Merrill Lynch, BCS Information Systems, Credit Suisse, DBS Bank, HSBC, J.P. Morgan, Mitsubishi UFJ Financial Group, OCBC Bank, R3, Singapore Exchange and UOB Bank

    Clearing​​​​​​​
    Clearing and mutual blockchain settlements provides for a reliable mutual settlement of mutual claims

    Origin​​​​​​​
    Blockchain offers invariable and irreversible source of information to track the true owner throughout the supply chain.

    Common data registries
    Blockchain can be used as universal data storage for different industries

    Independent contracts​​​​​​​
    Blockchain with smart contracts allows building public and independent solutions in different industries

    Insurance​​​​​​​
    The occurrence of insured events can be programmed and saved in the blockchain
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