Fraud is estimated to cost the telecom industry over USD $38 billion annually. Learn about the different means of telecom fraud and how STRATO can be used to address the core issues behind them.
Digitizing Record Management
BlockApps2020-05-19T19:33:16-04:00The 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.
Simplifying Home Loans
BlockApps2020-11-30T12:31:19-05:00Home loans and mortgages are based on a complicated value chain with a growing number of parties, and an increasing wait time between submitting an application and reaching settlement.
Standardizing Compliance Processes
BlockApps2020-05-19T19:33:49-04:00Regulatory 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.
Digitizing KYC Processes
BlockApps2020-05-19T19:30:54-04:00KYC 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.
Preventing Counterfeit Drugs
BlockApps2020-04-21T19:16:30-04:00A complicated and opaque drug supply chain has allowed for the proliferation of counterfeit drugs, threatening customer's health and the integrity of the drug industry.
Virtual Clinical Trials
BlockApps2020-05-05T11:45:03-04:00Despite being one of the most expensive parts of the modern healthcare, clinical trials are not as effective as they need to be, low recruitment particularly hindering their success.
Encrypted Health Records
BlockApps2020-09-16T17:21:40-04:00The communication of healthcare records is neither secure nor efficient enough to serve its purpose, with frequent breaches data threatening the sanctity of the entire system.
Traceability & SCM for Agriculture
BlockApps2020-11-18T00:31:59-05:00The agricultural supply chain is convoluted, complex, and lacks any form of traceability, creating a significant consumer trust deficit and inefficiencies for all stakeholders.
Digitize Sustainability Reporting
BlockApps2020-05-05T11:40:01-04:00For sustainability reporting to produce effective reports and set impactful targets, companies need complete, granular, and accessible data.
Farm Management Software
BlockApps2020-05-05T11:35:51-04:00Integrating farm management software with pervasive traditional systems is a complicated task, slowing adoption and limiting the industry's growth.
Digitize Land Registration
BlockApps2020-05-05T11:26:36-04:00Traditionally manual land registration systems have created a dearth of data, and rendered the land transfer process delayed, costly, and inefficient.
Medical Credentialing
BlockApps2020-04-20T11:09:30-04:00Medical credentialing is an immensely labor-intensive, time-consuming, and costly process for medical practices, hospitals and the doctors themselves. Using blockchain to manage medical credentials can cut time, costs, and the convoluted nature of the current system while keeping security and privacy at its core.
Energy Usage Tracking and Carbon Credit (CO2) Calculation
BlockApps2020-08-28T13:13:04-04:00Track energy and carbon usage on an immutable ledger with better frequency and automation using IoT devices and STRATO's RESTful APIs. Use smart contracts to automate CO2 impact calculations and tokenize the savings for use in a Carbon Credits Marketplace.