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.
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.
Regulatory bodies tend to be siloed and part of a complex value chain responsible for a prolific amount of work. These conditions inherently create opacity and inefficiency, with a dangerous ripple effect.
There is no “one-size fits all” approach for ETRMs and different systems suffer from an increasing lack of interoperability with both external partners and other internal systems.
As a result, energy traders and middle-office members find themselves in similar situation as before using an ETRM; manually matching data sets for settlement and reconciliation from an evolving list of inconsistent sources.
Learn how STRATO can bridge the gap of disparate ETRM systems to improve trade efficiency.
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.
How can blockchain help?
BlockApps has outlined the many aspects of the financial services industry that can be improved with STRATO – increasing trust and reducing market friction for financial transactions.
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