Case studies

Trade Finance

What is it?

A solution that generates a letter of credit through the alignment of activities between importers and exporters.

 

Who does it align?

The activities of importers, exporters, their representative financial institutions and insurance companies, when required.

 

What does it cover?

Application process by importer; approval by importer bank; negotiation on LOC between importer and importer bank; automated generation and submit of draft agreement for exporter banks.  Also, approval by exporter bank; consensus by exporter; automated generation of final LOC; electronic signature by importer and exporter and distribution to all entities.

 

What are the solution benefits?

Creates an immutable record of all agreements and associated documents between parties.

Eliminates the effort associated with all handoffs and reconciliation.

Acceleration of the end to end process, from 2 weeks to a period more in the area of 2 days.

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Trade Finance

Blockchain applied to banking business
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New Company Registration

What is it?

A solution for registration of business entities looking to commence formal operations in a country.

Who does it align?

The activities of applicant companies, with all participating government entities.

 

What does it cover?

The application for incorporation, registration of the company name, compliance checks for the founders, consensus among the founders, and issuance of the Articles of Incorporation.

 

What are the solution benefits?

Reduces overall processing time significantly – from 4 days to 15 minutes.

Eliminates paperwork generation between entities.

Eliminates duplication of registration data, across various entities.

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New Company Registration

Blockchain applied to government operations
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Commercial Leasing

What is it?

A self-executing smart contract that orchestrates and covers the full lifecycle of lease registration process (the leasing of commercial and residential units to tenants).


Who does it align?

The activities of landlords, tenants and subtenants, our client (the management entity) and associated government entities.

 

What does it cover ?

Identification and registration with the management entity; consensus and registration of lease terms between lessor and lessee. Also, confirmation of proof of ownership and unit availability and the official registration within the Dubai Free Zone.

 

What are the solution benefits?

Eliminates the need for f2f identity checks.

Eliminates manual checks on unit availability and therefore, potential for errors.

Reduces opportunities for fraud, through confirmation of proof of ownership.

Eliminates paper generation throughout the lease registration process, reducing errors and cost.

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Leasing Registration

Blockchain applied to real estate
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Mortgage Registration

What is it?

A solution for simplifying the registration of a mortgage through blockchain innovation.

 

Who does it align?

Parties involved in the mortgage registration request: property owners, associated banking institutions, municipality.

 

What does it cover?

Mortgage registration, automatic generation of mortgage sticker and verification certificate, customer registration through biometric identity verification.

 

What does the solution eliminate?

Need for numerous visits to the bank and municipality.

No physical documents handling involved.

Reduces overall time of the registration process and the overhead costs of administration.

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Mortgage Registration

Blockchain applied to public services

Order Management

What is it?

A smart contract that facilitates the order initiation, delivery and invoicing.

Who does it align?

The activities between sellers, buyers and shipping companies.

What does it cover?

The ordering process, the products delivery details, invoice generation and payment settlement.

What does the solution eliminate?

Paperwork generation between entities.

Time associated with all hand-offs and reconciliation.

Reduces order delays and loss of money.

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Order Management

Blockchain applied to supply chain
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