BlockApps’ STRATO platform is the blockchain solution that enables a global ecosystem of businesses, partners and competitors to transact and collaborate seamlessly across life science industry verticals.
The value chain of bank’s record management system from origination to destruction, is mired in inefficiency and antiquation, while increasing regulation is placing growing pressure on financial service providers.
80-90% of global trade relies on trade finance, yet there is a $1.5 trillion supply-demand gap.
This is due to various complexities in the process, such as its sprawl across multiple borders and jurisdictions and its antiquated paper-based tracking system.
KYC processes are labor-intensive, often manual, and prone to error and fraud, both of which cost banks colossal sums. Additionally, the lack of standardisation across systems creates a huge amount of duplication.
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