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Published byClement McKinney Modified over 6 years ago
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Enterprise software for a shared, multi-asset, cryptographic ledger
Chain found Adam Ludwin Enterprise software for a shared, multi-asset, cryptographic ledger Scott Duncan, Alex Dulmage, Nat Lavin, and Cass Meadows
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Current Financial System
Settlement of payments takes days Difficult to check status of pending transfers or current owners Complexity of current system makes fraud prevention difficult Difficult to make one transfer conditional on another Current Financial System Fees to intermediaries increase overhead The Problem… Many of these problems could be solved by use of a single ledger, but that technology remained impractical until the invention of blockchain
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Does not own or operate any of the blockchains
SaaS operating model Establishes private networks with partners Partners with numerous enterprises
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& LINQ Reduces manual ownership transfer Digital record of ownership
Reduces settlement time (3 days to 10 min) Eliminates need for paper stock certificates Reduces risk associated with human error Proxy voting LINQ Blockchain cloud network Digital ledger to transfer securities in private market
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LINQ User friendly Transparent Liquid
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& In 2016, Visa partnered with Chain, Inc to roll out Visa B2B Connect, which uses blockchain technology to transfer money across borders The service will be quicker, cheaper, and more transparent than traditional means such as sending a message between banks/intermediaries or paper checks Visa B2B Connect currently services 30 banks in 10 countries, however it is planned to be expanded to Visa’s network of banks worldwide This service intends to transform the standard 30/60/90 day supplier-producer payment structure by allowing same day payment (rather than sending a check on the 27th/57th/87th day 1 2 3 4
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& Familiar Structure, Larger Network
The service will be rolled out to Visa’s network of over 6,000 banks in 85 countries
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Questions?
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