Trust-Minimized Collaboration for Asset Reconciliation

Digitize Letters of Credit and trade documents on a shared ledger to eliminate the paper chase and manual fraud checks. This drives:

• Transaction settlement in hours, not weeks, freeing up working capital.
• Dramatically lower fraud risk through cryptographic verification of documents and parties.
• Reduced processing fees by cutting out redundant intermediary checks.

Real Example: The Marco Polo Network, used by banks like Commerzbank, automates trade finance, reducing processing time by over 80% and providing real-time financing options.

Enable secure, permissioned data sharing between competitors (e.g., in healthcare or automotive) without ceding control to a central platform. The business case includes:

• New revenue streams from monetizing siloed data while preserving privacy and IP.
• Accelerated R&D through access to broader, verified datasets for training AI models.
• Lower consortium operating costs by using smart contracts for governance and revenue sharing.

Real Example: The Mobility Open Blockchain Initiative (MOBI) creates standards for vehicle identity and data, enabling new services like usage-based insurance and efficient supply chain tracking.

Replace manual audits with an immutable, shared record of custody. Key benefits:

• Automated compliance for ESG, conflict minerals, and FDA requirements.
• Reduced fraud and counterfeit goods through verifiable origin.
• Faster dispute resolution with a single source of truth.

Real Example: Walmart's food traceability system reduced trace-back time for produce from 7 days to 2.2 seconds.

Digitize Letters of Credit and trade documents on a shared ledger to eliminate paper-based delays. Key benefits:

• Cut settlement times from 5-10 days to under 24 hours.
• Reduce processing costs by up to 80% by automating document verification.
• Mitigate risk with real-time visibility for all parties (importer, exporter, banks, logistics).

Real Example: Marco Polo Network, powered by R3 Corda, processes billions in transactions by connecting corporates and banks on a single platform.

Move from batch processing and nightly reconciliation to real-time settlement. Key benefits:

• Eliminate nostro/vostro accounts and free up billions in trapped capital.
• Near-instant finality reduces counterparty and liquidity risk.
• Automated audit trails slash compliance and reporting overhead.

Real Example: J.P. Morgan's JPM Coin System settles over $1 billion daily for institutional clients, providing 24/7 liquidity.

Give users control of verifiable credentials (diplomas, licenses, KYC data) that enterprises can trust without maintaining sensitive databases. Key benefits:

• Streamline customer onboarding (KYC/AML) from weeks to minutes.
• Reduce liability by not storing PII; verify claims instead.
• Enable new models like portable employee credentials and compliant DeFi access.

Real Example: Microsoft's Entra Verified ID allows organizations to issue and verify tamper-proof credentials, improving trust in digital interactions.

Fractionalize ownership of real-world assets (real estate, private equity, art) to unlock liquidity and streamline administration. Key benefits:

• Expand investor base by lowering minimum investment thresholds.
• Automate cap table management, dividends, and compliance (Reg D, Reg S).
• Create 24/7 secondary markets for previously illiquid assets.

Real Example: KKR tokenized a portion of a healthcare fund on Avalanche, making it accessible to a broader set of wealth managers.

Automate claims payouts by connecting smart contracts to verified real-world data feeds (weather, flight delays, IoT sensors). Key benefits:

• Drastically reduce claims processing costs and time from months to hours.
• Eliminate fraudulent claims with cryptographically verified data.
• Create parametric insurance products that pay out automatically when predefined conditions are met.

Real Example: Etherisc offers flight delay insurance on-chain; policies are automatically triggered and paid using oracle data, removing manual adjudication.

Eliminate costly manual audits and disputes by creating an immutable, shared record of goods from origin to delivery. Smart contracts automatically verify milestones (e.g., customs clearance, temperature compliance), triggering payments and reducing reconciliation time by up to 90%.

• Example: A food distributor pilot with 3 suppliers reduced invoice disputes by 75% and cut payment processing from 45 days to near-instant upon delivery confirmation.

Replace error-prone, siloed spreadsheets with a single source of truth for transactions involving multiple entities (e.g., trade finance, consortiums). This reduces reconciliation costs by 30-50% and closes financial books days faster.

• Example: A pilot in trade finance between a bank, exporter, and importer automated letter-of-credit issuance, cutting processing time from 5-10 days to under 24 hours and reducing operational risk.

Automate regulatory reporting and simplify audits with an immutable, timestamped ledger of all transactions and data exchanges. This provides provable compliance for regulations like GDPR (data consent logs) or ESG reporting (carbon credit tracking), significantly lowering legal and audit preparation costs.

• Example: A pharmaceutical pilot tracked clinical trial data consent across partners, ensuring immutable proof of patient authorization for regulators, reducing audit preparation time by 40%.

Move away from vulnerable password sharing and centralized directories. Issue verifiable credentials to partners and employees, enabling secure, permissioned access to systems and data without managing their passwords. This reduces IT helpdesk costs for access management and minimizes breach risk from compromised third-party credentials.

• Example: A manufacturing consortium pilot allowed part suppliers to access quality dashboards using self-sovereign identities, eliminating 100+ shared service accounts and associated security overhead.

Capture lost revenue and automate complex royalty agreements using smart contracts. Terms are encoded on-chain, and payments are triggered automatically upon verified usage data, ensuring transparency for all parties and reducing administrative overhead by over 60%.

• Example: A media company pilot for digital content licensing automatically distributed royalties to creators based on real-time streaming data, reducing payment cycles from quarterly to real-time and eliminating manual calculations.

Monetize and securely share anonymized data within an industry consortium (e.g., for AI training, market insights). Tokenized data access ensures clear provenance, usage rights, and automated micropayments, creating a new revenue stream while maintaining strict governance and privacy.

• Example: A pilot among regional banks created a secure marketplace for aggregated, anonymized fraud pattern data, improving detection algorithms for all members and generating shared revenue from external analytics firms.