The document discusses 5 potential use cases for blockchain technology in finance: (1) Know Your Customer (KYC) processes, (2) online trading, (3) mortgages, (4) fundraising, and (5) insurance claims. It notes that blockchain could reduce fraud, security risks, costs, and processing times within these financial applications by removing intermediaries and creating secure, decentralized recordkeeping. The document also describes related blockchain initiatives and services offered by iFourTechnolab, including custom blockchain solutions, consulting, and cryptocurrency development.

1. https://www.ifourtechnolab.com/finance-custom-software-development

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https://www.ifourtechnolab.com/finance-custom-software-development

3. Blockchain in Finance
Encryption technology can help reduce overall cyber frauds
24 x 7 service can be offered by banks
Allows financial institutions to create direct links internally
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Technology can address below key areas:
Security Accessibility Auditing
https://www.ifourtechnolab.com/finance-custom-software-development

4. Blockchain in Finance
Encryption technology can help reduce overall cyber frauds
24 x 7 service can be offered by banks
Allows financial institutions to create direct links internally
USE CASES IN: FINANACE
Technology can address below key areas:
Security Accessibility Auditing
Use common database to keep track of the execution
PwC report, 24% of financial executives from around the world are very familiar
Global Fintech Report 2017, 77% of Fintech institutes expect to adopt Blockchain production system or process by
2020
Transaction clearance and settlement without central database
https://www.ifourtechnolab.com/finance-custom-software-development

5. Implement central blockchain ledger that can be accessed by all banks
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Benefits:
Central repository of all KYC documents
Can be accessed by banks anytime anywhere
Reduces KYC time and cost drastically
Customers to submit KYC once
Initiatives:
KYC-Chain - Enabling organizations to manage KYC processes for individuals & corporates
Use Case 1: Digital Identity & KYC Process
https://www.ifourtechnolab.com/finance-custom-software-development

6. Implement central blockchain ledger that can be accessed by all banks
USE CASES IN: FINANACE
Benefits:
Central repository of all KYC documents
Can be accessed by banks anytime anywhere
Reduces KYC time and cost drastically
Customers to submit KYC once
Initiatives:
KYC-Chain - Enabling organizations to manage KYC processes for individuals & corporates
Use Case 1: Digital Identity & KYC ProcessUse Case 2: Online Trading
Blockchain based online trading platforms that can enable easy exchange of assets online
Benefits:
Reduction of online frauds and security breaches
Fast trading processes
Overall time and cost reduction
Minimal transaction charges
Initiatives:
Everledger - Blockchain implementation & a digital ledger that protects & tracks assets
https://www.ifourtechnolab.com/finance-custom-software-development

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Use Case 2: Online Trading
Blockchain based online trading platforms that can enable easy exchange of assets online
Benefits:
Reduction of online frauds and security breaches
Fast trading processes
Overall time and cost reduction
Minimal transaction charges
Initiatives:
Everledger - Blockchain implementation & a digital ledger that protects & tracks assets
Use Case 3: Mortgages
By removing third party in Loan & Credit Industry, money can be borrowed directly at lower interest rate
Benefits:
Can simplify the overall mortgage processes
Can result savings in between 6% to 15% for mortgage lenders
Mortgage processing fees can be drastically reduced
Initiatives:
Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which
traditional sources generally take
https://www.ifourtechnolab.com/finance-custom-software-development

8. USE CASES IN: FINANACE
Use Case 3: Mortgages
By removing third party in Loan & Credit Industry, money can be borrowed directly at lower interest rate
Benefits:
Can simplify the overall mortgage processes
Can result savings in between 6% to 15% for mortgage lenders
Mortgage processing fees can be drastically reduced
Initiatives:
Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which
traditional sources generally take
Use Case 4: Fundraising
Immediate access to liquidity through Initial Coin Offerings (ICOs)
Creating crypto economic model of funding that access to capital from traditional financial services
Benefits:
Funding gets cheaper as middleman costs are cut
Flexibility for the investors
Funds can be collected in fiat as well as cryptocurrency which attract investors
Initiatives:
Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development
solutions https://www.ifourtechnolab.com/finance-custom-software-development

9. USE CASES IN: FINANACE
Use Case 4: Fundraising
Immediate access to liquidity through Initial Coin Offerings (ICOs)
Creating crypto economic model of funding that access to capital from traditional financial services
Benefits:
Funding gets cheaper as middleman costs are cut
Flexibility for the investors
Funds can be collected in fiat as well as cryptocurrency which attract investors
Initiatives:
Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development
solutions
Use Case 5: Insurance
Simplify overall insurance process and thus reduce overall time & cost in insurance claim process
Benefits:
Simplification of overall insurance claim processes
Elimination of middleman
Reduction in time and cost
Fraud detection and risk prevention
Initiatives:
Safeshare Global - First company in the world that launched a blockchain-based solution for insurance
https://www.ifourtechnolab.com/finance-custom-software-development

10. What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
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https://www.ifourtechnolab.com/finance-custom-software-development

11. What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
DApp Development
Hyperledger Service
Smart Contract Development
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https://www.ifourtechnolab.com/finance-custom-software-development

12. Contact Us
info@ifourtechnolab.com
Follow Us :
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