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Published byEarl Simmons Modified over 6 years ago
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KrypC Technologies Accelerated Blockchain Adoption
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About Us Founding Team Mobile Wallet Patent
FinTech solution and service provider focusing on bringing innovative solutions in the field of Blockchain & Digital Currency Founding Team Founding team of one of the largest Digital Signature Certification Authority Mobile Wallet Founding team of regulated mobile wallet business Patent Authored Patents – Secure Messaging, Tokenized QR Code, Crypto Mu
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Our Journey 2007 eMudhra Certifying Authority established 2009 Secure messaging patent 2011 YPAYCASH Mobile Wallet launched 2015 Research and Inception of KrypC 3
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Current Challenges – Technical Difficulty
1) Need for strong Blockchain technology understanding Blockchain base protocols (MultiChain, Ethereum, Hyperledger) Mapping business process to Blockchain concepts such as Smart Contracts, DvP, Asset mapping, etc. Node architecture 2) Need for strong coding skills Solidity for Ethereum smart contracts, chaincode for IBM Hyperledger and golang, javascript, java, etc. Technical Difficulty in Adoption Above-average computer literacy needed for developing Blockchain Applications
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Current Challenges – Ambiguity in rules the architecture & rules
1) Utilizing base protocols for mapping business processes MultiChain allows only asset creation and mapping business processes onto MultiChain requires significant effort Other protocols also require significant effort to map custom business processes on the Blockchain network 2) Standard protocols Standard protocol help development of Blockchain use cases Ambiguity in the architecture & rules Ambiguity in the architecture and rules of Blockchain for tailored implementation in businesses
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Current Challenges – Difficulty in legacy system Interactivity
Building Blockchain applications that interact with existing legacy systems is tedious Interaction with legacy systems may require an intrusive approach or the need to customize the existing codebase to communicate with the Blockchain layer Difficulty in interaction with legacy systems Challenges in interactivity of legacy data with the Blockchain platform
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Current Challenges – Need for Infrastructure
Blockchain is a network of nodes which communicate with each other on a continuous basis Each Blockchain node is a physical server/cloud server. Thus, significant infrastructure is required to setup a fully functional production ready Blockchain solution. This could mean a monetary investment for purchase and maintenance of infrastructure and plugging infrastructure to Blockchain software layer Infrastructure requirement Architecture requirement for deploying and maintaining Blockchain nodes
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Near zero development effort Transaction Data Interactivity
Solution Approach Near zero development effort Above-average computer literacy needed for proper use of Blockchain Identity Layer KrypC allows for use of integration of existing or creation of new legally valid identity layer Transaction Data Interactivity KrypC allows for use of integration of existing LoB applications, collection of vendor data and allows for quick enablement of all the participants to report into the Blockchain
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KrypCore - KrypC’s intellectual property stack
Crypto Enhances the legal validity of transactions or actions performed in the Block. Module includes Certificate Management, e-Signer Component and Certificate Validator API Translates all the messages and actions by various Actors for recording of transactions into Blockchain. Extracts data from Blockchain for reporting and third party API Protocol Wizard Enables deployment of Blockchain protocols through user friendly UI driven tool by capturing parameters relating to Nodes, Actors, Block, Assets, Data elements Process Framework Enables inclusion of actions, messages, documents relating to transactions in Blockchain by validating access rules, binding rules and business rules defined therein
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Proof of Concepts /Use Cases
Banking / Cap Markets / Financial Services Letter of Credit Retail Lending Mortgage Loan De-duplication of invoice Investment Banking Dealer Financing KrypC Virtual Currency Pre-paid virtual wallet Loyalty Wallet Payment Employee Verification Lost and Found Gold trading Others Horizontal Offering Verified Reviews Conversational Commerce
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KRYPCORE DEMO – CAPITAL MARKETS USE CASE
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A PROBLEM FOR YOU THINK ABOUT ?
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