Fraud-Resistant Digital Identity for Banking & Custody

Smart contracts automate payment releases only when pre-defined conditions are met, eliminating manual intervention and falsified invoices. This directly reduces losses from business email compromise (BEC) and duplicate payments.

• Real Example: A global manufacturer reduced payment fraud attempts by 99% by moving supplier payments to a blockchain network where goods receipt automatically triggers payment.
• ROI Driver: Reduces investigation costs, chargebacks, and financial write-offs.

Replace error-prone, multi-day correspondent banking with atomic settlements on a shared ledger. Funds and asset title transfer simultaneously, removing counterparty risk and settlement fails.

• Real Example: Major Australian Stock Exchange (ASX) replaced its CHESS system with blockchain to settle equity transactions in minutes, not days, drastically reducing operational and liquidity risks.
• ROI Driver: Frees up capital trapped in transit, reduces foreign exchange hedging costs, and eliminates reconciliation overhead.

Every transaction is cryptographically sealed and timestamped on an immutable ledger, creating a single source of truth. This streamlines audits and provides irrefutable proof for regulators (e.g., SOX, GDPR, MiFID II).

• Real Example: A European bank cut its trade finance audit preparation time from 3 weeks to near-real-time by using a permissioned blockchain, providing regulators with direct, read-only access to the transaction history.
• ROI Driver: Slashes audit preparation costs by up to 70% and mitigates risk of non-compliance fines.

Use non-fungible tokens (NFTs) or digital twins to create a unforgeable provenance record for luxury goods, pharmaceuticals, and critical components. Each transfer of custody is permanently recorded.

• Real Example: De Beers' Tracr platform uses blockchain to track diamonds from mine to retail, providing guaranteed authenticity and conflict-free certification, increasing consumer trust and brand value.
• ROI Driver: Protects brand equity, eliminates counterfeit losses, and enables new premium services like asset history reports.

Connect smart contracts to verified data oracles (e.g., weather feeds, IoT sensors) to trigger automatic, fraud-proof claims processing. This eliminates exaggerated or fraudulent claims for parametric insurance (flight delay, crop).

• Real Example: AXA's Fizzy offered flight delay insurance where payouts were automatically triggered by public flight data, removing the need for manual claims submission and verification.
• ROI Driver: Reduces claims processing costs by 40-60% and loss ratios by minimizing fraudulent payouts.

Create a shared, trusted ledger for purchase orders, invoices, and bills of lading. This allows lenders to verify transactions in real-time, enabling faster, lower-risk financing for suppliers (dynamic discounting, factoring).

• Real Example: Marco Polo Network provides working capital finance where the obligation to pay is a digital, bank-promised payment on the ledger, reducing fraud risk and enabling financing rates 2-3% lower than traditional factoring.
• ROI Driver: Improves supplier liquidity, strengthens supply chains, and creates new fee-based revenue for financial institutions.

Immutability creates a single source of truth for goods, from raw material to retail. This slashes costs from counterfeit disputes, manual audits, and recall inefficiencies.

• Example: Luxury goods giant LVMH uses the Aura blockchain to authenticate products, protecting brand value and enabling new customer services like digital ownership certificates.
• ROI Driver: Reduced insurance premiums, lower fraud-related losses, and new revenue from premium verified products.

Replaces paper-heavy, fraud-prone processes with smart contracts that auto-execute payments upon verified shipment milestones. This eliminates document forgery and cuts settlement from weeks to hours.

• Example: The we.trade platform, backed by major European banks, digitizes trade finance for SMEs, reducing transaction risk and administrative overhead by over 60%.
• ROI Driver: Dramatic reduction in processing costs, lower capital requirements due to faster settlement, and decreased fraud-related write-offs.

Provides regulators with a tamper-proof ledger of all transactions, simplifying audits and proving compliance in real-time. This is critical for finance, healthcare, and heavily regulated industries.

• Example: The Australian Securities Exchange (ASX) is replacing its CHESS clearing system with a blockchain-based solution to provide a resilient, transparent, and immutable record of equity transactions.
• ROI Driver: Cuts audit preparation time and costs by up to 80%, reduces regulatory fines, and builds trust with oversight bodies.

Eliminates title fraud and streamlines property transfers by recording ownership on a public, verifiable ledger. Tokenization enables fractional ownership, increasing liquidity in a traditionally illiquid market.

• Example: Propy facilitates cross-border real estate transactions with blockchain-recorded deeds, reducing fraud risk and closing deals in days instead of months.
• ROI Driver: Removes title insurance disputes, reduces escrow and legal fees, and unlocks new asset-backed financing models.

Settles high-value international payments directly between institutions on a shared ledger, bypassing correspondent banks. This reduces counterparty risk, eliminates settlement failures, and provides real-time visibility.

• Example: J.P. Morgan's Onyx network processes billions in daily transactions via its JPM Coin System, providing 24/7 instant settlement and reducing operational friction.
• ROI Driver: Cuts transaction fees by over 50%, reduces capital trapped in nostro accounts, and virtually eliminates settlement risk.

Gives users control over a portable, verifiable digital identity, reducing synthetic identity fraud. Businesses can verify credentials instantly without storing sensitive PII, slashing compliance costs.

• Example: The Sovrin Network provides a decentralized identity framework used by banks and governments to issue and verify credentials, cutting KYC onboarding from days to minutes.
• ROI Driver: Reduces customer onboarding cost by ~$30 per user, decreases fraud losses, and ensures continuous compliance with evolving regulations.

Eliminate invoice fraud and payment disputes by creating a single source of truth for multi-party transactions. Each step—from purchase order to goods receipt—is immutably recorded, automating reconciliation and releasing payments upon verified delivery.

• Real Example: A global retailer pilot reduced invoice processing time by 70% and cut payment fraud losses by 95% by linking smart contracts to IoT sensor data for shipment verification.

Dramatically reduce customer onboarding costs and compliance risk with reusable, user-controlled verifiable credentials. Customers verify their identity once; financial institutions can cryptographically confirm authenticity without storing sensitive PII, streamlining compliance audits.

• ROI Driver: A European bank's pilot cut KYC processing costs from $50 to $5 per customer and reduced onboarding time from 5 days to minutes, while improving audit readiness.

Accelerate international trade by digitizing Letters of Credit on a shared ledger. All parties—exporter, importer, and banks—access the same, tamper-proof document flow, reducing processing from 5-10 days to under 24 hours and mitigating fraud risk.

• Case in Point: The Marco Polo Network, a trade finance consortium, has piloted solutions that reduce operational costs by 50-80% and cut document processing time by over 90% for participants like banks and corporates.