Mobile ticketing is the most popular purchasing method for sports and entertainment events, with customers spending over $10.6 million per year.
However there is a growing problem of counterfeit and fraudulent secondary-market ticket sales on unknowing consumers.
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.
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.
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.
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.
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.
Discover the unique opportunity to use STRATO for Supply Chain Management of fiber optic cable - benefitting manufacturers, vendors installation crews, and subcontractors that manage the web's backbone.
With the decentralized security of blockchain technology, Contract Research Organizations (CRO’s) and pharmaceutical companies can radically improve both the quality and diversity of candidates selected for clinical trials
Track 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.
Medical 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.
By building a distributed ledger of verified data, airlines, agents, and other industry players gain greater visibility to secure data like ticket information, loyalty services, aircraft maintenance records, and payment/settlement records.
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