Primechain-GUARANTEE is a permissioned blockchain repository of Letters of Undertaking, Bank Guarantees, Letters of Credit and other Documentary Credits.
Primechain-GUARANTEE records are stored in the blockchain in an encrypted form and can only be viewed by banks that have been "whitelisted" by the issuer bank. This ensures data privacy and confidentiality while at the same time ensuring that records are shared only between banks that trust each other.
Primechain-P5 is a permissioned blockchain for near real-time cross-border remittance at near zero cost. Some of the key features of P5 are:
+ 100% API driven technology
+ full transaction history and a single source of truth
+ enablement of real-time monitoring by regulators
+ minimisation of fraud
+ minimisation of locked-in capital
Primechain APIs are RESTful JSON APIs for interacting with blockchains / distributed ledger systems that allow developers to add blockchain power to their solutions.
Projects where Primechain-APIs are currently being used / tested include: Asset registry & tracking, Auctions, Contract management, Corporate finance bookrunning, Fund portfolio management, Healthcare, Identity management, Regulatory reporting, Securities servicing & settlement, Trade finance, Voting.
Primechain-SECURITIES is a permissioned blockchain that provides transparent real-time data and more efficient settlement of transactions and processing. Primechain-SECURITIES can handle the entire securities lifecycle process:
Primechain-SECURITIES is suitable for: Bonds, Certificates of deposit, Commercial paper, Debentures, Deposits, Equity & preference shares, Loans, Options, T-bills.
Primechain-INVOICE is a permissioned blockchain that enables suppliers to sell their invoices at a discount to investors. This enables suppliers to get faster access to money they are owed and enables buyers to get more time to pay.
Instead of relying on the creditworthiness of suppliers (usually smaller businesses), the investors deal with buyers (usually large businesses). This can lower financing costs, optimize working capital and improve business efficiency.
Companies enter into thousands of contracts with their
vendors, partners, customers and employees.
Contracts can have huge legal and financial
implications and hence it is essential for all companies
to have a robust paper-less contract management
Primechain-CONTRACT is a permissioned, private, blockchain-powered solution for contract management - secure storage, authentication & verification. Primechain-CONTRACT can be setup on your public / private cloud or your servers on-premise. In both options you have 100% control over all your data.
Non-performing assets (NPAs), restructured loans, assets under reconstruction and written-off assets, collectively called ‘stressed assets’, have become a multi-trillion dollar challenge for the global banking sector.
Primechain-ASSET is a permissioned blockchain based repository and platform for dematerializing, fractionalizing and trading in stressed assets.
Primechain-eKYC is a permissioned blockchain for sharing and monetizing corporate KYC, due-diligence and charge related records.
Primechain-eKYC records are stored in the blockchain in an encrypted form and can only be purchased by banks that have been "whitelisted" by the issuer bank. This ensures data privacy and confidentiality while at the same time ensuring that records are shared only between banks that trust each other. Records can be in 22 categories and 174 sub-categories.
Primechain-VENDOR is a permissioned blockchain for
1. Vendor on-boarding
2. NDA generation & signing
3. Vendor rating
Primechain-VENDOR records are stored in the blockchain in an encrypted form and can only be viewed by organizations that have been "whitelisted" by the vendor.
Just as “bad” customers pose a huge threat to the financial and capital markets, “bad” employees pose a massive threat to employers (companies, Government agencies, organisations).
Primechain-EMPLOYEE is a blockchain that allows trusted employers to share employee records in a transparent, secure and confidential manner. These records can be used by trusted employers to conduct comprehensive background checks of new employees at a fraction of the current background verification cost. Today, employers spend money on employee background verification. With Primechain-EMPLOYEE, employers can turn this from a cost into a revenue stream.
Primechain-DATA is a permissioned blockchain for monetizing YOUR data. What data? For a credit rating agency it could be credit reports. For an author it could be her ebook. For a teacher it could be exam notes. Virtually any data in any format can be monetized.
Once your application is approved, you can start uploading your data using our mobile / web application. Your data automatically gets encrypted and the password is known only to you. You can set a price, which can be changed whenever you want. Potential buyers can search for data using various search terms. They can buy your data using tokens. After purchase they can also rate your data. The money they pay is yours instantly. We just keep 10 cents per dollar to keep things running.
Primechain-DEMAT is a permissioned blockchain for dematerializing, tokenizing, fractionalizing and trading in any asset - from a multi million-dollar oil painting, to a luxury yacht.Details
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